Nolan Ryan: the bankruptcy is gutting the Rangers

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Day two of that fun Texas Rangers hearing down in Forth Worth and the highlight so far — thanks to some live tweeting by SBJ’s Daniel Kaplan — is Nolan Ryan on the witness stand.  Among the tidbits he dropped during his testimony, which concluded a few minutes ago:

  • The team is being forced to deplete its minor league
    system because of the bankruptcy;

  • The bankruptcy is preventing the Rangers from signing international players. Ryan says that because of this “there is a void in our system”;

  • The bankruptcy could prevent the team from buying a new
    video board, priced between $5 million and $12 million;

  • Because of the bankruptcy, other teams are starting to poach Rangers’ scouts;

  • A prolonged bankruptcy could cause the team to lose Josh Hamilton;

  • Bankruptcy aside, the team is running $5 million ahead of budget projections in revenue this year, presumably because they’ve been winning.

  • The team expects to sell playoff tickets this year, which will bring in between $11 million and $14 million.

That’s all interesting, but it’s worth noting that Nolan Ryan has every incentive — not just as the Rangers’ President, but also as
its prospective new owner — 
to get the team out of bankruptcy as soon as possible. That  means that a doomsday scenario for the Rangers-in-bankruptcy is in his own best interests in this particular hearing, because if it’s truly doomsday, Greenberg and Hicks’ position — auction the team yesterday before other bidders can improve their chances at landing the team — should win. That doesn’t mean that he’s not telling the truth, but I’m betting there were a lot of “coulds” and “mights” in Ryan’s testimony today.

The judge seemingly took Ryan’s testimony with a grain of salt. According to Kaplan, after Ryan was done, the judge observed that it was not the bankruptcy that was causing many of these problems for the Rangers, but the fact that they’ve been on a line of credit from Major League Baseball to cover expenses. Including, one assumes, scout salaries and signing bonuses for international players.  Which is not to say that the bankruptcy is a good thing — it’s not — but blaming it for all the team’s financial problems seems pretty questionable to me.

The vast majority of the Rangers’ business issues right now are Tom Hicks’ fault, not the fault of the process by which the court is attempting to ensure that the creditors Hicks stiffed for so long get something approaching fair value in return.  The suggestion that it’s the bankruptcy itself that is the real evil here seems wrong to me.

Matt Wieters is close to signing with the Washington Nationals

NEW YORK, NY - OCTOBER 02: Matt Wieters #32 of the Baltimore Orioles connects on a two-run home run in the fourth inning against the New York Yankees at Yankee Stadium on October 2, 2016 in the Bronx borough of New York City.  (Photo by Mike Stobe/Getty Images)
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Jon Heyman reports that the Nationals are closing in on a deal with catcher Matt Wieters. Joel Sherman of the New York Post reports that it’s a two-year deal. UPDATE: Ken Rosenthal reports that the deal is for two years, at $21 million. There is an opt-out for him after year one. He will get $10 million in 2017 and, if he returns in 2018, he’ll get $11 million.

Wieters was not expected to go this long without signing, but his market, which many thought would be robust, never materialized. The Nats had been rumored to be interested for months, but they were apparently waiting to swoop in late and get what one presumes will be a bargain.

Wieters, 30, finished last season hitting .243/.302/.409 with 17 home runs and 66 RBI in 464 plate appearances. The Nationals currently have Derek Norris and Jose Lobaton, so who falls where in the catcher fight in Washington is unclear, but one presumes that Wieters getting a two-year deal puts him at the top of the depth chart.

Sergio Romo experienced some difficulty in the past couple of years

SAN FRANCISCO, CA - OCTOBER 11:  Sergio Romo #54 of the San Francisco Giants walks off the mound after allowing an RBI double in the ninth inning of Game Four of the National League Division Series against the Chicago Cubs at AT&T Park on October 11, 2016 in San Francisco, California.  (Photo by Thearon W. Henderson/Getty Images)
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Ken Rosenthal has an interesting story up about Sergio Romo as he begins spring training with his new team, the Los Angeles Dodgers.

There is some fun stuff about his family, all Dodgers fans from southern California, but the more notable stuff is about Romo himself, who has dealt with a lot more than has been reported over the past couple of seasons. The loss of three of his four grandparents is a big one, as it has thrust the mantle of head of the family on Romo in ways that he was not fully prepared for. There are also allusions to personal and psychological problems Romo has experienced — there is a vague suggestion of alcohol or maybe just late nights out and perhaps depression, but he is not specific about it — which he worked on with the help of friends and teammates on the Giants and which he now has overcome.

There’s always more going on the lives of baseball players than we as fans know.