Nolan Ryan: the bankruptcy is gutting the Rangers

4 Comments

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.

Stephen Strasburg unlikely to pitch in the NLDS

WASHINGTON, DC - SEPTEMBER 07:  Stephen Strasburg #37 of the Washington Nationals walks off the field after an injury in the third inning against the Atlanta Braves at Nationals Park on September 7, 2016 in Washington, DC.  (Photo by Greg Fiume/Getty Images)
Greg Fiume/Getty Images
1 Comment

Nationals GM Mike Rizzo said on Tuesday that starter Stephen Strasburg is unlikely to pitch in the NLDS against the Dodgers, Chase Hughes of CSN Mid-Atlantic reports. Strasburg hasn’t pitched since September 7 due to a strained flexor mass.

Strasburg was pitching well before a few poor starts prior to being shut down in August. He currently holds a 3.60 ERA with a 183/44 K/BB ratio in 147 2/3 innings.

The Nationals signed Strasburg to a seven-year, $175 million contract extension in May. This was obviously not how they invisioned his 2016 campaign going.

A.J. Cole fined, suspended five games for throwing at Jung Ho Kang

PITTSBURGH, PA - SEPTEMBER 25:  Home plate umpire Jordan Baker ejects A.J. Cole #22 of the Washington Nationals in the third inning during the game at PNC Park on September 25, 2016 in Pittsburgh, Pennsylvania.  (Photo by Justin K. Aller/Getty Images)
Justin K. Aller/Getty Images
Leave a comment

Nationals starter A.J. Cole has been fined an undisclosed amount and suspended five games by Major League Baseball for intentionally throwing at Pirates third baseman Jung Ho Kang on Sunday, Chelsea Janes of The Washington Post reports. Cole is appealing his suspension.

Kang faked a tag on Bryce Harper, who was coming into third base on a triple. The fake-out caused Harper to slide awkwardly, injuring his left thumb. The Nationals took exception to this and Cole threw a fastball that ended sailing behind Kang’s back during his next at-bat. Cole was ejected and both benches emptied. There was some yelling and some light pushing and shoving, but nothing beyond that.

Cole will remain active until his appeal is heard, which may allow him to make one more start before the end of the regular season. He’s carrying a 5.09 ERA with a 37/14 K/BB ratio in 35 1/3 innings over seven starts this season.