Greenberg and Ryan win the Rangers, but it came at a steep price

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Wow.

The battle for the Texas Rangers lost a lot of its intrigue for me when the team traded for Cliff Lee. The reason for this is simple: while the drama was interesting on some level as a business story, its significance — to me at least — had mostly to do with how much the strife would impact the Rangers’ ability to make the necessary moves to stay in contention. They made the moves, however, and the courtroom drama turned into more of a sideshow.

But that changed last night when a boring legal battle turned into a dramatic auction, with Mark Cuban and Jim Crane appearing as though they were going to leave the courthouse as the new owners. Indeed, for a while there, they would raise their bid by tens of millions of dollars in the space of mere minutes, while it took Greenberg and Ryan hours to come up with a higher bid of their own. At one point the restructuring officer informed the court that Cuban would beat any bid Greenberg made, and Cuban’s lawyer boldly proclaimed “my client is prepared to own this team.” There were obscenity-filled shouting matches and, at around midnight, Greenberg’s group appeared as though it was going to march out of the courtroom in protest.

But then things changed. Greenberg upped the cash portion of his bid to $365 million (and noted as he did it that, at that very moment, Michael Young hit a grand slam in the Rangers-Mariners game).  Cuban and Crane then upped theirs to $390 million. However, because a sale to Cuban was presumed to take much longer to close and because time is money, Cuban essentially had to outbid Greenberg by $25 million. Greenberg came back five minutes later at $385 million.

Cuban took ten minutes to consider going up past $400 million. Then he folded.  Chuck Greenberg and Nolan Ryan had won. They will be the next owners of the Texas Rangers.

But make no mistake: this was a costly victory.  For months, Greenberg and Ryan were offering a cash portion of the deal that would have paid team creditors $230 million.  The creditors said that they would have accepted $300 million to drop their objections to the sale.  In thinking that they could do an end-run around the creditors’ demands, Greenberg and Ryan took the Chapter 11 route. That move ended up costing them nearly $100 million in cash before even considering the legal fees and interest on operating loans.  Overall, the legal battle caused the sale price of the team to go up from $520 million to $588 million.

Which brings us back to the on-the-field impacts of all of this.  How much does that $100 million in cash and overall increase of $68 million in sale price affect baseball operations?  I’m guessing if you asked them Greenberg and Ryan would say not a all — and this morning Greenberg is talking big about signing Cliff Lee to a long-term deal — but that hardly seems logical. The fact is that the Rangers will have new owners but those new owners will be much more leveraged than they had planned to be when they drew it all up.

But that’s a worry for another day.  For now it’s enough for Rangers fans to know that their team will soon be out of bankruptcy court purgatory.

Derek Norris signing with the Rays

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Yahoo Sports’ Tim Brown reports that Derek Norris is signing with the Tampa Bay Rays.

Norris was released by the Nationals nine days ago, made redundant by the Nats’ signing of Matt Wieters and by everyone sliding down a notch on the depth chart below him. Norris hit only .186/.255/.328 with 14 home runs and a .528 OPS for the Padres in 2016.

Still, there always seems to be a place for a backup catcher. For Norris that place is Tampa Bay.

The Braves are banning outside food. And they’re probably lying about why they’re doing it.

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Here’s a thing a lot of people don’t realize: there are a lot of ballparks that allow you to bring in outside food.

Not all of them, but a lot do. They don’t publicize it, obviously, because they want you to buy their expensive food, but if you go to the concessions policy page on most team’s websites, you can get the scoop. It often lists “soft-sided coolers” under “permitted items,” which is code for “yes, you can bring your own food in.” Some may specifically limit THAT to sealed plastic water bottles, but for the most part, if you can bring soft-sided coolers into the park, that means it’s OK to bring in grandma’s potato salad and a few sandwiches. They may check your coolers, of course, to make sure you’re not bringing in alcohol or whatever.

The Atlanta Braves have always allowed food into the ballpark. But thats going to change in shiny new Sun Trust Park. The AJC reports that the Braves have announced a new policy via which ticket holders will not be allowed to bring in outside food. Exceptions will be made for infant food and for special dietary restriction items.

Which, OK, it’s their park and their rules. If they want to cut out the PB&J for junior and force you to buy him a $9 “kids pack” — or if they want you to forego grandma’s potato salad to buy that pork chop sandwich we mentioned yesterday — that’s their choice. Everything else about the Braves new stadium has been about extracting money from fans, so why not the concessions policy too?

My beef with this is less about the policy. It’s about their stated reason for it:

The changes are a result of tighter security being put into place this season throughout the league, said the Braves spokesperson.

This, as the French say, is horses**t.

We know it is because not all teams are prohibiting outside food. If there are tighter security measures across the board, other teams are implementing them without the food restriction. Even the Yankees, who take security theater to extreme heights as it is, are still allowing fans to bring in their own food.

The Braves, I strongly suspect, are using these measures as an excuse to cut down on competition for their concessions. Which, like I said, go for it. Just be honest about what you’re doing and stop blaming “tightened security” for your cash grab.