Hey, if you don’t ask for it, you’re never going to get it, right? SportsBusiness Journal reporting:
Mark Cuban and Jim Crane want payment of $2.65 million in legal fees and
other expenses stemming from their failed bankruptcy bid for the Texas
Rangers in August . . . Cuban and Crane argue that had they not been bidding, the team would
have brought $98 million less at auction than the $593 million price for
which the club was ultimately sold.
As always, I invite the bankruptcy experts among you (and I know there are a few) to weigh in here, but that sounds completely nuts. If the frustrated bidder in a bankruptcy auction gets paid like that, doesn’t it create a huge incentive for people to bid when they’re not truly interested in winning? Because, believe me, there’s fat built in to any figure for “legal fees and expenses.” Doesn’t it also artificially inflate the value of the subject of the bidding? Doesn’t it also take money out of the creditor’s pockets when banckruptcy is supposed to benefit them above all others?
Maybe this has happened before, but I kind of doubt it. It certainly makes Cuban and Crane look like a couple of vultures.
Tim Tebow isn’t letting go of his major league dreams just yet. The former NFL quarterback is slated to appear with the Mets during spring training this year, extending what initially looked like an ill-fated career choice for at least one more season. Per the club’s official announcement on Friday, he’ll join a group of spring training invitees that includes top-30 prospects like Peter Alonso, P.J. Conlon, Patrick Mazeika and David Thompson.
Tebow, 30, hasn’t taken to professional baseball as gracefully as expected. He batted a cumulative .226/.309/.347 with eight home runs and a .656 OPS in 486 plate appearances for Single-A Columbia and High-A St. Lucie in 2017. While that wasn’t enough to compel the Mets to give the aging outfielder a big league tryout, there’s no denying that Tebow brought substantial benefit to their minor league affiliates — in the form of increased attendance figures and ticket sales, that is.
Even after the Mets were booted from the NL East race last September, they resisted the idea of promoting Tebow for a late-season attendance boost of their own. That’s not to say they’re planning on taking the same approach in 2018; Tebow will undoubtedly get his cup of coffee in the majors at some point, but for now, a Grapefruit League tryout is likely as close as he’ll ever get to playing with the team’s big league roster on an everyday basis.