Sammy Sosa’s former Cubs teammate Mike Remlinger somehow got his hands on the slugger’s corked bat from 2003 and put it up for auction, but Fred Mitchell of the Chicago Tribune reports that the item went unsold last night when the high bid of $14,407 did not meet Remlinger’s “reserve” price.
Grant DePorter, who’s the CEO of Harry Caray’s Restaurant Group, submitted the high bid, which apparently fell just short of Remlinger’s reported $15,000 asking price.
“The next step is to offer it to the highest bidder or try to sell it privately,” Ray Schulte of Schulte Auctions told Mitchell. “Usually the owner takes a couple of days to think about it.”
If the difference between high bid and reserve price is truly only $600 or so it seems like a no-brainer that the two sides can work out a side deal, although perhaps once he’s away from the auction mindset DePorter will realize that he’d be paying $15,000 for the broken barrel of a corked baseball bat and decide against it.
Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.
The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:
That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.
Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.
Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.