Thank you for your interest, but the Yankees are not for sale

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There’s a story over at The Daily Beast that tells the often-told tale about how the Dolan family (i.e. owners of Cablevision and the Knicks) want to buy the Yankees.  The reason to re-hash it this time, obviously, is George Steinbrenner’s death. From the article:

Now speculation is beginning to mount among sources close to the Dolans
that Steinbrenner’s death will serve as a “catalyst”–to use Wall Street
vernacular for a triggering event–for them to eventually make another
offer to buy the greatest franchise in sports.

Sure, I can see bringing it up again because a big event just happened that could cause people to re-think, change course, or whatever. But there’s really no there there. There’s no new information which suggests any change of heart on the part of Yankees’ ownership with respect to a sale. What’s more, Yankees’ President Randy Levine is shooting the story down this morning:

“The reporter was told that neither the Yankees nor YES, are, will be or
have have been for sale. This is all fantasy. It’s just as likely that
we would buy the Knicks or Rangers.”

Levine can be full of it sometimes, but this makes abundant sense to me.  Sure, George Steinbrenner just died, but whatever the titles say, George Steinbrenner hasn’t been running the Yankees for several years now.  There’s been a lot of talk about how the Steinbrenner family is getting out of having to pay estate taxes because of the timing of his death, but they didn’t know when he was going to die.  As such, if there was ever an intention of selling the team, wouldn’t it have made sense for it to go into a trust or be sold before Steinbrenner’s death to avoid even the potential for a big tax bill?

Thanks to the new stadium revenues are at an all-time high.  Hal Steinbrenner has shown himself to be even more adept at running the Yankees than his father was. I’ll eat my hat if he sells the team to the Dolans in the next decade.

President Obama Welcomes the Cubs to the White House

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As we noted last week, The Chicago Cubs took the unusual step of not waiting until the summer after winning the World Series to make their customary White House visit to meet the president. They did it today, seeing President Obama a few short days before he leaves office.

Despite the fact that Obama is a White Sox fan, he met the Cubs with diplomacy and grace. It’s almost as if he’s been in that business for the past eight years. In return, he was given some gifts by the Cubs: Theo Epstein presented Obama with a No. 44 Cubs jersey, a tile from the center field scoreboard at Wrigley Field, and a lifetime pass to Wrigley as well.

Obama is staying in D.C. after he leaves office this week, hanging around so his daughter can finish high school in the same place she started. Even so, he’s likely going to be back to Chicago a good bit over the rest of his life, so he’ll likely be able to put the free pass to work. Assuming it comes with, like, six companion passes for his Secret Service detail.

Royals sign Danny Duffy to a five-year, $65 million contract extension

KANSAS CITY, MO - SEPTEMBER 02:  Starting pitcher Danny Duffy #41 of the Kansas City Royals pitches during the game against the Detroit Tigers at Kauffman Stadium on September 2, 2016 in Kansas City, Missouri.  (Photo by Jamie Squire/Getty Images)
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The Kansas City Royals have signed starter Danny Duffy to a five-year, $65 million contract extension.

Duffy was arbitration eligible this offseason and would’ve been a free agent next winter if he hadn’t signed the deal. Given his stuff he might’ve made a mint as a free agent, but he’s also been inconsistent at times and any pitcher is an injury away from losing a payday, making this a nice, lucrative bet for the lefty.

Duffy, 28, posted a 3.51 ERA and a 188/42 K/BB ratio across 179.2 innings in 2016.