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.
Kristie Ackert of the New York Daily News reports that the Mets are expected to pick up the 2017 option for Reyes, but they haven’t done it yet. The option will be worth the major league minimum salary ($507,500), as the Rockies will continue to pay down the remainder of Reyes’ $41 million remaining on his contract.
The Mets signed Reyes after the Rockies released him in June. He had a .659 OPS in Colorado but improved to a .769 OPS in 279 plate appearances with the Mets, mostly playing third base in place of the injured David Wright. Bringing Reyes back next season will provide them more insurance at the hot corner.
Reyes, 33, served a 51-game suspension due to an offseason domestic violence incident while on vacation in Hawaii with his wife. As a result, he didn’t make his season debut until July 5, having spent some additional time in the minor leagues to get into game shape.
Amid the din and clatter of the Cubs’ National League championship on Saturday night, one member of the 2016 squad found himself celebrating 1,710 miles away in Mesa, Arizona. Kyle Schwarber, whose remarkable recovery from torn ligaments in his left knee appears to be fast-tracking him toward a World Series appearance, was showered in champagne by his fellow Arizona Fall League teammates following the Cubs’ clinch.
According to FanRag Sports’ Tommy Stokke, the celebration wasn’t a total surprise: Schwarber had been following the Cubs-Dodgers action on an iPad from the dugout of Sloan Park.
Schwarber appeared in the Mesa Solar Sox’ 7-2 loss to the Salt River Rafters on Saturday, giving Cubs’ brass another look before they decide whether or not to assign him an active role on the World Series team. The 23-year-old batted second in the DH spot, going 0-for-3 with a walk and lining out sharply to Rockies’ center fielder Noel Cuevas in his third and final at-bat. While his knee did not appear to be ailing him (if anything, Stokke noted, the outfielder was dealing with a number of blisters on his hands), Schwarber took it easy on the basepaths and was not exercised in the field. He’s expected to fill the same role if he makes it into the Cubs’ lineup next week.