I imagine there have been worse “prepackaged” bankruptcies in the history of Anglo-American jurisprudence, but there hasn’t been one that got as much press as the Rangers’ has.
The latest: The Texas Attorney General urged the bankruptcy court yesterday to reject the team’s current reorganization plan. Add this to the fact that the bankruptcy trustee wants the Rangers’ lawyers off the case, that the creditors are objecting to the whole plan and that, rather than have this thing go through on greased skids, the restructuring officer has recommended that the team simply be auctioned, and you have an absolute mess.
The likelihood of this thing being done before the trade deadline has to be about nil at this point. The likelihood of Chuck Greenberg and Nolan Ryan actually being the next owners of the Rangers is still high, but those odds are sinking.
The likelihood that Major League Baseball learns anything from this process such as, oh, I dunno, the folly of letting owners put their teams in the kind of debt Tom Hicks allowed the Rangers to get into? No man can say.
After Sunday’s win against the Angels, the Astros announced that the club is calling up infield prospect Alex Bregman. Danny Worth has been designated for assignment to create room on the roster.
Bregman, 22, is considered the Astros’ best prospect and #18 overall in baseball according to MLB Pipeline. He hit .297/.415/.559 with 14 home runs and 46 RBI with Double-A Corpus Christi before being promoted to Triple-A Fresno. In 18 games with Fresno, Bregman hit .333/.373/.641 with six home runs and 15 RBI.
Bregman doesn’t have an obvious positional opening with the Astros, particularly since the club also signed Yulieski Gourriel. As a result, Bregman played some third base and, recently, left field. So the Astros may have him play at a handful of positions, even giving the middle infield regulars Jose Altuve and Carlos Correa a breather every so often.
The Yankees are believed to be close to trading closer Aroldis Chapman, Ken Rosenthal of FOX Sports reported on Saturday. Jon Heyman of Today’s Knuckleball reported on Sunday that owner Hal Steinbrenner hasn’t given authorization to sell “top guys,” which would include Chapman. The Yankees told other clubs they’re holding onto reliever Andrew Miller.
The Nationals and Indians have been the most aggressive in pursuit of Chapman. Bruce Levine of 670 The Score reported on Sunday that the Indians “have the best names on the table” for Chapman. ESPN’s Keith Law reported that the Nationals were offering prospects Erick Fedde and Koda Glover along with another unnamed prospect.
The Giants and Cubs have also been reported to have interest in acquiring Chapman. CSN Bay Area’s Alex Pavlovic didn’t sense that the Giants are in the “final mix” for Chapman, and the Cubs are more interested in Miller than Chapman, Heyman reported.
Since returning to the Yankees, Chapman has recorded 20 saves in 21 chances with a 2.01 ERA and a 44/8 K/BB ratio in 31 1/3 innings. Chapman will become eligible for free agency after the season. In the event Chapman is traded, Miller will likely move into the closer’s role with Dellin Betances setting up the eighth inning.
[Content note: The following will contain descriptions of an incident during which Chapman allegedly assaulted his girlfriend.]
Chapman, 28, served a 30-game suspension beginning at the start of the regular season due to an offseason incident during which he allegedly choked his girlfriend and fired off eight gunshots in his garage. The police didn’t file official charges.