Creditors reject Greenberg's latest offer

Leave a comment

Chuck Greenberg keeps telling everyone who will listen that there’s nothing to worry about, the sale of the Rangers will close by April 1, and all will be happy and sunshine. Events on the ground, however, continue to make such a scenario less and less likely. According to Daniel Kaplan of Sports Business Daily:

Hicks Sports Group creditors late last week again turned down terms for the
sale of the Rangers, continuing to throw into question when the ballclub will
be sold, sources said.

To review, under terms of the initial deal, the creditors were to get $230 million in cash. They want $300 million and have at least claimed that they’d throw the team into bankruptcy court in order to get it.  Now, to be fair, the odds of actually collecting that amount in bankruptcy court are rather small, and that’s before you even figure in the legal fees and hassle. But that’s the posture anyway, and each time Greenberg has attempted to get the deal done, they’ve said no dice.

Last week’s back and forth had Greenberg upping the offer to $240 million or $275 million depending on who you believe (the $275 million figure was supposed to contain deferred money).  $30-$60 million ain’t hay, so it’s not like you can expect the creditors to simply say “ah, screw it, let’s just round down” any more than you can expect Greenberg to simply say “ah screw it, I’ll just write you a check to get it done.”

This doesn’t mean Greenberg doesn’t end up with the Rangers at some point. It does, however, yet again, render the rosy “every little thing gonna be alright” jazz he’s been peddling since December increasingly silly.  Deals of this size get derailed over far less than $60 million, and even if they end up going through, a difference in that amount can utterly destroy the timeline.

Upshot: there’s a very real possibility that the Rangers may spend another season, or at least a good chunk of it, in the same kind of financial limbo they were in last year. A year in which they had to beg MLB for loans.

Someone stole Jose Fernandez’s high school jersey after a vigil

MIAMI, FL - JULY 09:  Jose Fernandez #16 of the Miami Marlins pitches during the game against the Cincinnati Reds at Marlins Park on July 9, 2015 in Miami, Florida.  (Photo by Rob Foldy/Getty Images)
Getty Images
4 Comments

People are the absolute worst sometimes. The latest example: someone stole one of Jose Fernandez’s high school jerseys, which had been displayed in his old high school’s dugout for a vigil last night.

That report comes from Anastasia Dawson of the Tampa Bay Times who covered the vigil at Alonso High School in Tampa yesterday. Her story of the vigil is here. Today she has been tweeting about the theft of the jersey. She spoke to Alonso High school’s principal who, in a bit of understatement, called the theft the “lowest of the low.”

The high school had one more Fernandez jersey remaining and has put it on display in the school. In the meantime, spread this story far and wide so that whatever vulture who stole it can’t sell it.

 

What Hall of Fame-eligible pitcher would you ask to pitch today?

Mike Mussina
Associated Press
31 Comments

In an earlier post I made a joke about the Indians starting Dennis Martinez if forced to play a meaningless (for them) game on Monday against the Tigers. On Twitter, one of my followers, Ray Fink, asked a great question: If you had to hand the ball to a Hall of Fame-eligible pitcher to give you three innings, who would it be?

The Hall of Fame-eligible part gets rid of the recently-retired ringers, requiring a guy who has been off the scene for at least five years, ensuring that there’s a good bit of rust. I love questions like these.

My immediate answer was Mike Mussina. My thinking being that of all of the great pitchers fitting these parameters, he’s the most likely to have stayed in good shape. I mean, Greg Maddux probably still has the best pitching IQ on the planet, but he’s let himself go a bit, right? Mussina strikes me as a guy who still wakes up and does crunches and stuff.

If you extend it to December, however, you may get a better answer, because that’s when Tim Wakefield becomes eligible for the Hall. I realize a knuckleball requires practice to maintain the right touch and subtlety to the delivery, but it also requires the least raw physical effort. Jim Bouton went well more than five years without throwing his less-than-Wakefield-quality knuckler and was still able to make a comeback. I think Tim could be passable.

Then there’s Roger Clemens. I didn’t see his numbers for that National Baseball Congress tourney this summer and I realize he’s getting a bit thick around the middle, but I’m sure he can still bring it enough to not embarrass himself. Beyond the frosted tips, anyway.

So: who is your Space Cowboys-style reclamation project? Who is the old legend you dust off for one last job?