Moorad takes 50 percent stake in Padres

Leave a comment

According to the Associated Press, former player agent and Arizona Diamondbacks CEO Jeff Moorad has become essentially a 50-percent partner in owning the San Diego Padres.

Moorad made a $45 million wire transfer (what, no PayPal?) to John Moores today to give his ownership group a 50 percent stake. Moorad, who has been Padres CEO and a minority owner for the past year, will also hold a 30 percent stake in ownership of Petco Park.

I’m not sure what impact this will have on the Padres’ financial situation, but while people are handing out $45 million wire transfers, it might make sense for someone to find out Adrian Gonzalez’s bank account number and send a couple his way.

Are you on Twitter? You can follow Bob here, and get all your HBT updates here.

Report: Glen Perkins will retire from baseball

Stephen Dunn/Getty Images
3 Comments

According to MLB.com’s Rhett Bollinger, Twins GM Thad Levine told 1390 Granite City Sports that reliever Glen Perkins will retire.

Perkins, 34, has battled shoulder injuries over the last two years, limiting him to a total of 7 2/3 innings between 2016-17. His decision doesn’t come as much of a surprise given the circumstances. The Twins declined his $6.5 million club option back in October, making him a free agent.

Across parts of 12 seasons, all with the Twins, Perkins compiled a 3.88 ERA with 120 saves and a 504/158 K/BB ratio in 624 1/3 innings. He ranked among baseball’s best closers from 2013-15, racking up 102 of those saves with a 3.08 ERA. The lefty made the American League All-Star team in each of those three seasons.