Rangers' debt holder warns Selig not to seize the team

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Monarch Alternative Capital is the fly in the ointment, the monkey in the wrench, the pain in the assets of the Texas Rangers sale.  They’re the lead debt holder, and the ones who appear to be calling the creditors’ shots in the seemingly interminable brinkmanship that has characterized the team’s sale.

Today Richard Sandomir of the New York Times reports that they’re not taking Bud Selig’s threats to seize the Rangers, cancel the debt and do the deal lightly, sending an email to him in which consequences most dire are predicted, including the team’s bankruptcy or “costly, distracting and messy”
litigation.

Which is really the only response that one can expect given Bud’s threats. There are disagreements about whether Monarch actually has the stones to go through with it all, but if you’re in the business of buying debt and a major debtor is basically saying he’s going to ignore your claims, you pretty much have to litigate if you want to be taken seriously with your other customers, don’t you? It’s like the unwritten rules for banks. If one high-profile debtor is allowed to walk all over you, you’re toast. Ask Tony La Russa. I’m sure he can tell you all about it.

That aside, I think the most interesting thing about it is the last line of Monarch’s letter Sandomir quotes, in which they warn of a negative impact to team values if Selig carries out his threat, “as funding will become more costly and difficult to obtain as lenders
lose faith in the contractual security of their loans.”

This is what I was talking about the other day: the lenders may not have all the leverage in the world in the context of this deal, but if they do end up getting burned, you have to figure that the terms of loans to baseball teams will be much more arduous going forward, and not just from entities like Monarch. Lenders are in the business of valuing risk. If the Rangers are able to simply walk away from current obligations like this, banks will consider baseball teams to be bigger risks going forward. And not just because they’re worried that the team will default, but because they’re worried that the debt they hold will be harder to sell on the open market to secondary holders . . . like Monarch Alternative Captial.

In other words, there are greater stakes at issue here than the simple selling of the Texas Rangers, and I’d be surprised if Selig and his able business associates are not well aware of them privately, even if their public rhetoric is errs on the side of the cavalier.

The Mets are set to host the NL wild card game

PHILADELPHIA, PA - OCTOBER 01: James Loney #28 of the New York Mets is congratulated after hitting a two-run home run against the Philadelphia Phillies during the sixth inning of a game at Citizens Bank Park on October 1, 2016 in Philadelphia, Pennsylvania. (Photo by Rich Schultz/Getty Images)
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In the end, the Mets’ march into the playoffs played out just how they imagined: three innings of a Bartolo Colon perfecto, four combined innings of one-run ball from five different relievers, a James Loney home run. Well, maybe it looked a little different when they drew it up.

Colon guided the Mets through five innings for his 15th win of the year, striking out six and giving up a two-run homer in the fifth. Behind him, the Mets combined for five runs off of RBI base hits from T.J. Rivera and Jose Reyes, finding an edge with Loney’s go-ahead homer in the sixth and a bonus RBI single from Asdrubal Cabrera in the ninth inning. Despite a pair of well-placed home runs by Ryan Howard and Darin Ruf, the Phillies found themselves in scoring position just twice and were unable to close the two-run gap to tie the game.

The Mets’ 5-3 win over the Phillies clinched their spot in the postseason, sans tiebreaker. They also secured home-field advantage for Wednesday’s wild card game, during which they’ll face either the Cardinals or the Giants. On Friday, the wild card winner will advance to the Division Series against the Cubs at Wrigley Field.

As MLB.com’s Jeff Passan and Joe Trezza simultaneously pointed out, it will be an unconventional playoff run for the Mets, who approach October without Matt Harvey, Jacob deGrom, Steven Matz, Neil Walker, David Wright, Zack Wheeler, or Ben Zobrist. Now, if ever, seems like an appropriate time for some champagne.

Indians’ postseason rotation is still up in the air

CLEVELAND, OH - SEPTEMBER 16: Starting pitcher Corey Kluber #28 of the Cleveland Indians pitches during the first inning against the Detroit Tigers at Progressive Field on September 16, 2016 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
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With Game 1 of the Red Sox-Indians ALDS set to commence on Thursday, there’s no better starter for the job than Corey Kluber. The only question is whether or not the right-hander will be up to the task after sustaining a mild quadriceps strain earlier this week.

Indians’ manager Terry Francona appeared optimistic about Kluber’s chances of recovering in time for the Division Series, but admitted that he doesn’t have his rotation set in stone for the first couple of postseason games. Complicating matters is Monday’s potential make-up game between the Indians and the Tigers, which they’ll be forced to play if the outcome has bearing on playoff seeding.

Per MLB.com’s Jordan Bastian, Francona doesn’t have a starter for the make-up game, either, though he clarified that rehabbing right-hander Danny Salazar would not be eligible. Salazar is still working his way back from a forearm injury in hopes of joining the Indians for their postseason run, and needs to toss another simulated game before he can be expected to return to the mound. Kluber, meanwhile, will throw off the mound on Sunday.

With Kluber or Salazar limping out of the gate, the Indians will likely have to fall back on right-handers Trevor Bauer and Josh Tomlin. Bauer is slated for Saturday’s face-off against the Royals and confirmed his willingness to pitch on short rest through the playoffs. The 25-year-old also spoke to the Indians about his ability to pitch out of the bullpen, though it’s an option they appear unlikely to exercise. While Francona’s comments on Friday stressed the club’s patient approach toward their rotation, Bauer appeared revved and ready to go:

If it was up to me, […] I’d pitch and be ready to start or be available out of the ‘pen every game. In the playoffs, there’s really no reason to save anything. So, whenever I can get in there, whenever they want me to get in there, I’ll be ready.