Why players can't own a piece of the team

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Employee owenrship.gifI’ve always known that players can’t hold equity stakes in their teams due to the Basic Agreement (see paragraph 4(c) on p. 213 of this massive document), but I never knew why.

Today, however, Kevin Goldstein of Baseball Prospectus explains. Once upon a time Rogers Hornsby got a cut of the Cardinals, was traded to the Giants, and quickly found his ownership stake to be a conflict of interest. And it got worst when he went to divest, as the Cardinals tried to lowball him, leading to everyone in the National League having to chip in to buy him off.  As a result of all of that, the rule was passed and has been incorporated into player contracts and/or the Basic Agreement ever since.

The only exception: players can take a stake in the team with special approval of the Commissioner.  Goldstein speculates whether or a team could give a chunk of the team to a player with language built in to deal with any Hornsby-esque conflicts of interest and have it approved by Selig. He dismisses it almost immediately, however, which is probably sensible given that it’s not likely to ever happen.

The only thing I’d add is the notion of maybe offering a player a chunk of a team — or at least the option to buy a chunk of the team — that doesn’t vest until retirement.  I kind of doubt that would ever happen, though, because it would require something akin to financial transparency for baseball teams and they really, really hate that.

Royals sign Clay Buchholz to minor league deal

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Bob Nightengale of USA TODAY Sports reports that the Royals have signed pitcher Clay Buchholz to a minor league deal. Buchholz will earn a $1.5 million salary if he makes the club’s major league roster and can earn an additional $250,000 through incentives. Buchholz has an opt-out date set for May 1, which means if he isn’t on the Royals’ 25-man roster by then, he can request his release.

Buchholz, 33, was acquired by the Phillies from the Red Sox in December 2016, but he made only two starts before an MRI revealed he had a partial tear of his right flexor pronator mass. He underwent surgery in April and missed the rest of the season.

The Royals recently lost Jesse Hahn, who was diagnosed with a sprained right UCL. Buchholz would likely be in consideration for a rotation spot if another starter were to suffer an injury. Presently, the Royals’ rotation appears set with Danny Duffy, Ian Kennedy, Jason Hammel, Jake Junis, and Nate Karns.