UPDATE: Maybe the Rangers-FOX deal is not 20-years, $3 billion

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UPDATE: Evan Grant of the Dallas Morning News hears that the Rangers’ deal with
FOX is actually worth $1.5-1.6 billion, not $3 billion
as reported by Bob Nightengale of USA Today, but that there are some incentives and escalators and stuff.  Even if it stays flat at $1.5 billion, however, that makes it, on average, a $75 million deal, which is over and above every team’s TV deal with a non-affiliated network of which I’m aware (remember: the Dodgers get $45 million; the Mariners are reported to get around $40 million). So, still a great deal for Texas, even at its lowest.

4:54 PM: I shoulda listened to those killjoys who go on about how things that sound too good to be true likely being too good to be true. A FOX spokesman tells Sports Business Journal that the figures reported by USA Today earlier this afternoon were “wildly inflated.”

Of course, the definition of “wildly inflated” matters here too. If the truth of the matter is that the deal is for, say, $50M a year over 20 years, sure, USA Today was out to lunch and this deal would represent a healthy, but not necessary crazy figure for the Rangers. If, on the other hand the truth is that the deal starts at $50M or $75 million but increases
every year and inflates until it’s still a $3 billion deal, then it’s
still kind of nuts
.  The devil is in the details, as they say.

By they way: I was chatting with Gleeman as this update came down a few minutes ago. He observed that it’s entirely possible that there will be no Rangers games on television at all in 20 years and, in fact, there may be no television. I think he meant that everything could go to some streaming internet or wireless kind of system that renders television as we know it obsolete. It’s possible, however, that he has inside information on an imminent nuclear war or zombie apocalypse.  Which, I don’t need to tell you, would totally be a buzzkill for Rangers baseball.

1:58 P.M.: It’s going to be hilarious when FOX executives realize that the contract they just signed was with the Rangers, not the Cowboys or Vivid Video or something else more marketable than baseball is thought to be:

The Texas Rangers, who clinched their first division title in 11
years over the weekend, just might start making this an annual routine
considering their giant financial windfall.

The Rangers,
cash-strapped for years with owner Tom Hicks, have signed a 20-year
extension with Fox Sports Southwest that will guarantee them $3 billion.

$150 million a year!  To put that in perspective, the Dodgers get about $ 45 million a year from FOX. The Yankees get less than $100 million from YES (though, obviously, they own a big chunk of the network so it’s not apples-apples). I doubt any team currently gets anything like $150 million from a non-affiliated network.

Two questions that immediately spring to mind in light of this deal:

  • Is it any wonder why so many people were willing to jump into protracted litigation to get a piece of this team? and
  • How bad a businessman is Tom Hicks if he couldn’t make the Rangers solvent with that kind of scratch available?

Whatever the case, with this TV deal, the Rangers shouldn’t be lumped in with the mid-market teams going forward. They should be considered a high-dollar player the moment the first check comes in.

Chapman has trouble remembering convo with Cubs management about off-field behavior

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CHICAGO — Star closer Aroldis Chapman joined the Cubs on Tuesday, arriving to a mixed reaction in Chicago and saying he couldn’t remember what management told him about off-field expectations and behavior.

After Chapman’s awkward introductory news conference, Cubs president of baseball operations Theo Epstein insisted Chapman understands what the Cubs expect of him after an offseason domestic violence incident.

When the Cubs announced the trade with the New York Yankees on Monday, the team released a statement from Chairman Tom Ricketts saying they were aware of his 29-game suspension to begin the season under Major League Baseball’s new domestic violence policy.

Ricketts said he and Epstein talked by phone with Chapman before the deal was completed and “shared with him the high expectations we set for our players,” adding that Chapman was “comfortable” with them.

But when asked repeatedly about that phone conversation before Tuesday’s game against the crosstown White Sox, Chapman said through an interpreter that he couldn’t recall details because he was taking a nap at the time the call came in.

The question was asked several more times. A Cubs spokesman once asked the question himself to the interpreter, coach Henry Blanco.

“It’s been a long day,” Chapman said. “Trying to remember.”

Asked again several minutes later during the group interview if he could now remember what Ricketts said, Chapman shook his head.

“I still don’t remember,” he said in Spanish.

Epstein called it a misunderstanding and that Chapman was “pretty nervous” as he faced seven cameras and more than two dozen reporters.

“I was on the call, Tom was on the call, Aroldis was on the call and Barry Praver, his agent, was on the call. It happened and it was real,” Epstein said before the Cubs’ 3-0 loss to the White Sox.

Chapman was accused of choking his girlfriend and firing eight gunshots in the garage of a Florida home in October. The woman later changed her story and no charges were filed.

“You learn from the mistakes that you make,” Chapman said.

The case caused the Los Angeles Dodgers to back out of an offseason trade for Chapman. Cincinnati eventually traded him to the Yankees, and after his suspension, the 28-year-old Cuban converted 20 of 21 save chances for New York.

The Cubs have long boasted of stocking their roster with high-character players, helping earn the “lovable losers” label they’ve carried for decades since their last World Series title in 1908.

But the Cubs (59-40) have retooled their roster under Epstein and have the best record in the major leagues despite Tuesday’s loss in which Chapman didn’t pitch. Chapman, who threw a 105 mph fastball last week, fills perhaps the team’s largest hole as he replaces Hector Rondon as closer.

The Cubs sent four players to the Yankees, including shortstop prospect Gleyber Torres, to get one of the game’s top relievers. Epstein said they wouldn’t have made the deal if not for the phone call he and Ricketts had with Chapman.

“Tom laid out the exact same standards that he lays out to everyone in spring training,” Epstein said. “He said, extremely clearly, `Look, Aroldis, I tell all the players this in spring training and it’s important you hear it and I need to hear from you on this. We expect our players to behave. We hold our players to a very high standard for their behavior off the field. And we need to know you can meet that standard.’

“Aroldis said `I understand. Absolutely, I can.'”

The Cubs activated Chapman before Tuesday’s game and designated left-hander Clayton Richard for assignment.

Reaction to Chapman’s acquisition in Chicago has been tepid. While there were supportive fans on talk radio, the Chicago Tribune carried a front-page column Tuesday criticizing the move. The back of the Chicago Sun-Times tabloid read “Spin City” over a picture of Epstein.

Chapman said he expected a “good reaction” from Cubs fans. He was also asked during the 20-minute meeting with reporters in the visiting dugout at U.S. Cellular Field if we would consider working with organizations looking to prevent domestic violence. Chapman said no.

Cubs manager Joe Maddon defended Chapman.

“He did do a suspension, he has talked about it, he’s shown remorse,” Maddon said. “Everybody else has the right to judge him as a good or bad person. That’s your right.

I want to get to know Aroldis. I think he could be a very significant member and he’s got the potential, yes, to throw the last out of the World Series. And if he does, I promise you I will embrace him.”

Report: Padres working on trading Andrew Cashner

ST. LOUIS, MO - JULY 21: Starter Derek Norris #3 of the San Diego Padres pitches against the St. Louis Cardinals in the first inning at Busch Stadium on July 21, 2016 in St. Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
Dilip Vishwanat/Getty Images
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Jon Morosi of FOX Sports and MLB Network reports that the Padres are working to trade starter Andrew Cashner. He notes that a deal may be consummated before he takes the hill for Tuesday’s start in Toronto against the Blue Jays. The Marlins, Orioles, and Rangers have had reported interest in Cashner.

Cashner is 4-7 with a 4.79 ERA and a 61/27 K/BB ratio in 73 1/3 innings. He missed over three weeks between June 11 and July 2 due to a strained neck.

The right-hander is earning $9.625 million this season and will be eligible for free agency after the season.