Frank McCourt has a "slush fund," secret partners and pays his kids to do nothing

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John Weinbach of FanHouse reports some more unseemliness from the land of Frank McCourt and the Dodgers:

Over the past 18 months, the Los Angeles Dodgers paid nearly $4 million
in “consulting services” to [the John McCourt Company], an entity that
has done virtually nothing for the club, even as the team has made a
concerted effort to raise ticket prices, trim payroll and acquire
players on the cheap. Moreover, the club paid two of Frank and Jamie
McCourt’s adult sons large salaries — $400,000 and $200,000 per year,
respectively — for services that are undefined and could not be
described by either Frank or Jamie McCourt, according to court documents
filed in the couple’s divorce case.

Jamie McCourt’s attorneys call the John McCourt company a “slush fund” which Frank uses to hide money.  My guess is that she’s less critical of the big salaries her kids make for apparently do-nothing jobs.

In addition, there are apparently two limited partners in the Dodgers — guys no one ever knew about, but who provided considerable funds to the McCourts to buy the team — whose debt gets converted into “sizable equity” in the team if the McCourts default on the loans.

On the one hand this is shocking — and Josh Fisher does his excellent-as-usual job breaking down all of the implications, complete with an apt comparison to the Texas Rangers, who are poster children for what happens when good teams go into bad debts like the McCourts seem to have done.

On the other hand, I would not be at all shocked if multiple teams in Major League Baseball operated in just the same way, complete with family jobs, slush funds, silent partners and all manner of vehicles which, either intentionally or by happy accident, work to conceal the amount of cash a baseball team really earns and where its money is spent.  Baseball teams are almost all purely private companies, most of which are family owned. Despite their antitrust exemption and all of the tax money they consume in the form of public stadiums and the like, we know just as much about their operations as we do the corner gyro shop, and that’s just the way they like it.

The only difference here: we have a divorce case in which these machinations are laid bare.  And however distressing it is for Dodgers fans to see where all the money that should be going towards starting pitching is going, these revelations are educational and useful.

Report: Royals sign Neftali Feliz

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Ken Rosenthal of FOX Sports reports that the Royals have signed free agent reliever Neftali Feliz, pending a physical. The Brewers designated Feliz for assignment last week and released him on Monday.

Feliz, 29, opened the season as the Brewers’ closer, but struggled and was eventually taken out of the role in mid-May, giving way to Corey Knebel. In 29 appearances spanning 27 innings with the Brewers, Feliz posted a 6.00 ERA with a 21/15 K/BB ratio.

The Royals have had bullpen issues of their own, so Feliz will try to provide some stability given his track record. It’s not clear yet if the Royals want to let Feliz get his feet wet at Triple-A or throw him right into the bullpen mix.

Mets may move Asdrubal Cabrera to second base upon return from DL

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Newsday’s Marc Carig reports that the Mets may move Asdrubal Cabrera to second base when he returns from the disabled list. Cabrera has been on the disabled list since June 13 with a sprained left thumb, but he’s expected to be activated on Friday.

Cabrera, 31, last played second base in 2014 with the Nationals. He has played shortstop exclusively as a Met the last two seasons. Jose Reyes would continue to play shortstop if the Mets were to go through with the position change. Cabrera would displace T.J. Rivera, who has been playing second base in place of the injured Neil Walker.

In 196 plate appearances this season, Cabrera is hitting .244/.321/.392 with six home runs and 20 RBI. He has made 11 defensive errors, which is tied for the third-most among shortstops behind Tim Anderson (16) and Dansby Swanson (12).