MLB is pushing Hicks' creditors to sign-off on the Rangers sale

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Jeff Wilson of the Star-Telegram reports that MLB is stepping in to the Tom Hicks-HSG Creditors dispute in an effort to get the Rangers sale locked down:

The last obstacle delaying the sale of the Texas Rangers could be
cleared this week, thanks to an assist from Major League Baseball. Sources
confirmed that the lenders who hold $525 million in Hicks Sports
Group debt were sent a request from MLB to reach a settlement with HSG by the end of the week.
An
agreement would allow the deal in place with Chuck Greenberg and Nolan Ryan to move forward toward final approval from baseball’s club
owners.

Look, I know I’ve been critical and pessimistic about this deal for a long time, but believe me when I say that I don’t mean to be pessimistic when I ask why a request from Major League Baseball to the creditors would constitute “an assist” that could make this get put to bed any faster than it otherwise would.  If it were more than a request — if say, MLB kicked in some money or promises or something that could help bridge the gap between Hicks and his creditors — I could see how that could wrap things up.

But what would a mere request from a non-party to the debt really do? If the creditors are trying to squeeze money out of Hicks to let this thing happen, the only thing that will make them do so is more money. From everything that has been reported these creditors are trying to take advantage of their temporary leverage to extract as much dough as possible. Based on this report all baseball is doing is asking these guys to get the deal done on Greenberg and Ryan’s timetable. So what? Everyone has been wanting that for months.

My guess, and it is just a guess, is that one of two things is happening: (1) Wilson is being a tad optimistic about what MLB’s “request” could accomplish and reaches his “assist” conclusion a bit too hastily; or (2) Baseball has done more than “request” that the deal get done. Rather, they’ve offered something to the creditors to facilitate it but understandably don’t want to be seen as bailing out Hicks any more than they already have.

Either way, everyone is saying that they think this will be done the week of April 19th. 

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.