It’s still going on, but there are indications that the big hearing in bankruptcy court down in Texas may be going well for the team and not so well for the creditors.
It’s the barest of reports, but the Associated Press is reporting that “U.S. Bankruptcy Judge D. Michael Lynn said Tuesday that he tended to
agree with the Rangers’ argument . . .” The “argument” is that the creditors’ rights have not been impaired, they have no real beef about the team’s sale, and thus the bankruptcy proceedings should not be delayed to review old bids and stuff.
Worth noting that the AP also reports that when the judge said all this, the creditors had not yet had a chance to make their arguments. In light of this, some may say that it’s silly to say things are going in the Rangers’ favor. Why, only one side has presented their case!
Of course, anyone who has ever spent some time in court will tell you that if the judge suggests which way he’s leaning before the other side even argues, the other side may just was well recite the phone book, because you ain’t changing his honor’s mind.
Lots could still happen, but these few words from the judge should be taken as good news for Rangers fans.
The Rockies announced a minor swap of relief pitchers on Monday evening. The Cubs sent lefty Zac Rosscup to the Rockies in exchange for right-hander Matt Carasiti.
Rosscup, 29, was designated for assignment by the Cubs last Thursday. He spent only two-thirds of an inning in the majors this year and has a 5.32 career ERA across 47 1/3 innings. Rosscup has spent most of the season with Triple-A Iowa, posting a 2.60 ERA in 27 2/3 innings.
Carasiti, 25, spent 15 2/3 innings in the majors last year, putting up an ugly 9.19 ERA. With Triple-A Albuquerque this season, he compiled a 2.37 ERA and a 43/13 K/BB ratio in 30 1/3 innings.
The Associated Press reported that on Monday, the U.S. Court of Appeals for the 9th Circuit affirmed a district court ruling which holds that the minor leagues are exempt from federal antitrust law, just like the major leagues.
In 2015, four minor leaguers sued Major League Baseball, alleging that MLB violated antitrust laws with its hiring and employment policies. They accused MLB of “restrain[ing] horizontal competition between and among” franchises and “artificially and illegally depressing” the salaries of minor league players.
The U.S. Court of Appeals said the players failed to state an antitrust claim, as the Curt Flood Act of 1998 exempted Minor League Baseball explicitly from antitrust laws.
This case is separate from the Aaron Senne case in which Major League Baseball is accused of violating the Fair Labor Standards Act. That case was recertified as a class action lawsuit in March. In December, Major League Baseball established a political action committee (PAC), which came months after two members of Congress sought to change language in the FLSA so that minor league players could continue to be paid substandard wages.