I have yet to see the lawsuit, but SportsBusiness Journal’s Daniel Kaplan is reporting that Chuck Greenberg and Nolan Ryan are suing the Texas Rangers.
Yes, you read that correctly.
The reason according to Kaplan: the court-appointed restructuring officer (“CRO”) — who acts on behalf of the bankrupt entity (i.e. the Rangers) — is attempting “to hijack the proceedings,” via its soliciting other bids in violation of Greenberg and Ryan’s exclusivity rights which last until August 12th. Why they didn’t raise this two weeks ago when the idea of an auction — and thus the virtual certainty of other bidders — first came into play is an open question. For what it’s worth, however, Kaplan’s reporting suggests that the CRO isn’t just soliciting bids, but rather, is negotiating with other potential buyers. That could be Jim Crane or it could be Jeff Beck. Either way, it’s pissing Greenberg and Ryan off.
Look, there are a lot of complicated legal reasons which could explain why such a tack is being taken. None of which necessarily mean that Greenberg and Ryan’s ultimate ownership of the team is in jeopardy. But really, how can this be a good thing? Indeed, the fact from Kaplan’s report I find most telling is that Greenberg has new lawyers (White & Case). Whenever a new team comes in so late in the game it almost always means acrimony and ugliness behind the scenes or, at the very least, of plans gone astray. When such a thing happens, it’s not uncommon for the new guys to counsel an offensive, which is what we’re apparently seeing here.
The Rangers got their big trade done, so maybe this is whole drama is now academic from a “compete in 2010” perspective. Indeed, maybe the Cliff Lee trade made Greenberg and Ryan feel free to just unleash in a way they wouldn’t have had they still been sweating the deadline. Hard to say. Either way, this sale keeps getting messier and messier.
The Blue Jays announced on Monday that outfielder Jose Bautista has been activated from the 15-day disabled list. To create room on the roster, the club designated outfielder Junior Lake for assignment and optioned 1B/OF Chris Colabello to Triple-A Buffalo.
Bautista was sidelined for five weeks dealing with turf toe, suffered when he banged his left foot against the base of the wall in right field at Citizens Bank Park. He’ll return hitting .230/.360/.455 with 12 home runs and 41 RBI in 286 plate appearances.
Neither Lake nor Colabello provided much in their time with the Jays. Colabello, who served an 80-game suspension after testing positive for a performance-enhancing drug, had just two singles, two walks, and an RBI in 32 plate appearances. Lake hit .206 with a home run in 38 PA.
Clark Spencer of the Miami Herald reported on Monday morning that the Marlins are considering Mariners starter Wade Miley as a potential upgrade to the starting rotation. Bob Nightengale of USA TODAY reported on Sunday that the Phillies were scouting the lower level of the Marlins’ minor league system in preparation of a potential trade involving starter Jeremy Hellickson.
The Marlins were already on the prowl for rotation help before putting Wei-Yin Chen on the disabled list on Sunday due to a sprained left elbow. Behind Jose Fernandez and Adam Conley, the rotation is underwhelming as Tom Koehler has a 4.42 ERA, Jose Urena 5.34, and Jarred Cosart 7.98 albeit over three starts.
Miley, 29, will earn $8.75 million next season and has a club option for the ’18 season worth $12 million with a $500,000 buyout. This year, his first with the Mariners, the lefty has posted a disappointing 5.23 ERA with a 73/33 K/BB ratio in 105 innings.
Hellickson, 29, is owed the remainder of his $7 million salary for this season and will be eligible for free agency heading into 2017. The former Rookie of the Year Award winner been a reliable innings-eater for the Phillies, posting a 3.84 ERA with a 106/27 K/BB ratio in 119 2/3 innings.