Evan Grant reports that if the Rangers sale isn’t done by June, the team will have to take more money from Major League Baseball to make ends meet.
Last year baseball extended the team a $25 million line of credit. They used $16 million of it in 2009 to meet payroll obligations. Grant reports that both payroll and revenue are basically flat compared to last year, which suggests that baseball will have to go beyond that original $25 million. As Grant notes, since baseball is a creditor which expects its money back, the more money it gives to the team the less there is available for the troublesome, sale-blocking creditors, which makes closing the deal even harder. See, cycle, vicious.
What’s worse is that if we get to June and the team is still on the dole, they will be unable to pay real bonuses to their draft picks and, instead, will be required to pay MLB-imposed slot prices, which could seriously hinder the Rangers’ ability to, you know, get good players.
There have been a lot of self-imposed deadlines in this transaction, none of which have done much to spur real action by the parties. The end of May, however, brings with it serious consequences if the deal is not yet done. It would seem, then, that everyone had best get busy.
Angels outfielder Kole Calhoun had three more years of arbitration eligibility left, but he and the Angels decided to settle that future business at once on Wednesday, agreeing to a three-year extension worth $26 million, per SB Nation’s Chris Cotillo. The contract also includes a $14 million club option for the 2020 season.
Calhoun, 29, has been a dependable right fielder for the Angels over the last three seasons, batting an aggregate .266/.327/.436 with 61 home runs and 216 RBI in 1,895 plate appearances. According to FanGraphs, Calhoun has been the ninth-most valuable right fielder in baseball since the start of the 2014 season with 11.4 Wins Above Replacement. He ranks slightly behind Giancarlo Stanton (11.9) and just ahead of J.D. Martinez (10.9).
The Angels only have a handful of players signed beyond the 2017 season — just Albert Pujols, Mike Trout, Andrelton Simmons, and Calhoun. The club has options on Ricky Nolasco and Huston Street, while many others will be eligible for arbitration.
Nothing is happening as the baseball world waits four more hours for the Hall of Fame announcement. Question: why do it at 6pm? For MLB Network ratings? Let’s be real, there are “Golden Girls” reruns on third-tier basic cable that are gonna draw a bigger audience. Why not announce it now so people can get on with their lives? Oh well.
As we wait, let’s take a look in at Twitter, where Jim Bowden of ESPN passes along the rumor that the Washington Nationals are still interested in signing Matt Wieters and Greg Holland:
Great to know that the Nats’ baseball operations budget is dictated by its capital expenditures. Maybe they shoulda been smart like the Braves and suckered — er, I mean negotiated the local government to pay more for it? GO BRAVES!
Anyway, Bryce Harper had a response to that:
I take that to mean that he’d take the money used to construct the team store and give to Wieters and Holland. I haven’t seen the budget breakdown for the new spring training facility, but that would probably mean a major pay cut for Wieters and Holland. And where would we buy our “Make Baseball Great Again” caps? Think ahead, Bryce. Play the long game here.