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.
From Jon Heyman of CBS Sports comes word that the Orioles “like” free agent starter Yovani Gallardo and “have reached out to him” to gauge his interest in coming to Baltimore and what that might cost.
Gallardo rejected a one-year, $15.8 million qualifying offer from the Rangers earlier this month and so his free agency is tied to draft pick compensation, but that shouldn’t hurt his bottom line all that much.
The 29-year-old right-hander posted a solid 3.42 ERA in 184 1/3 innings (33 starts) this past season for Texas and he pitched well in his one ALDS start.
Heyman reported a few weeks ago that the Diamondbacks are interested, and the Cubs, Blue Jays, and Dodgers were tied to him just ahead of the July 31 trade deadline.
David Price has expressed a desire to return to Toronto, where he finished out the 2015 season, but FOX Sports’ Ken Rosenthal writes Wednesday that the Blue Jays “are not expected to be a major factor in his free agency.”
The teams that should be considered serious suitors, per Rosenthal, are the Cubs, Cardinals, Giants, Dodgers, and Red Sox — all deep-pocketed teams looking to contend in 2016. Money is apparently the issue for the Blue Jays, who are currently owned by Rogers Communications.
Price registered an outstanding 2.45 ERA, 1.076 WHIP, and 225/47 K/BB ratio in 220 1/3 innings (32 starts) this past season between the Tigers and Jays, finishing second in the American League Cy Young Award race behind Dallas Keuchel of the Astros.
The 30-year-old left-hander is probably looking for a six- or seven-year contract worth more than $25 million per season. He is represented by agent Bo McKinnis.
Barry Jackson of the Miami Herald wrote three weeks ago that the Marlins were probably going to explore an extension this winter with second baseman Dee Gordon. And it sounds like those talks are underway.
Via beat writer Joe Frisaro of MLB.com:
As a guest on MLB Network’s “Hot Stove” show Wednesday morning, Gordon confirmed his camp has been in talks with the Marlins regarding a multiyear deal. A source told MLB.com that the discussions are preliminary and have just recently started.
“My agent is doing the talking,” Gordon said on the show. “They’re just keeping me in the loop. I think it’s going pretty well right now. We’ll see how that goes. I’m just playing the waiting game. We’re going to do the right thing.”
The 27-year-old carries three more seasons of salary arbitration, so there’s no real rush to get something done before next spring. Gordon carries quite a bit of leverage after posting a career-best .333/.359/.418 slash line in 145 games this past season for the Fish. He led all major leaguers in hits (205) and stolen bases (58).
Bud Norris has found a home for his attempt at a bounceback season, signing a one-year deal with the Braves. Jon Heyman of CBSSports.com says it’s worth $2.5 million, which is a huge cut from his $8.8 million salary this year.
Norris had established himself as a solid mid-rotation starter from 2009-2014, but had a brutal 2015 season split between the Orioles and Padres with a 6.72 ERA in 83 innings and a late-season move to the bullpen.
In announcing the signing the Braves referred to Norris as a starting pitcher, so joining the rotation for a rebuilding team gives him a chance to get his career back on track with an eye on hitting the open market as a free agent again next offseason. And if he fares well, the Braves could use him to add a prospect or two at the trade deadline.