Mark Cuban and Jim Crane, please call your office . . .
Astros owner Drayton McLane has retained the services of the investment bank Allen & Company to assist in the sale of the team, according to two people with knowledge of the arrangement.
McLane, who could not be reached for comment Thursday night, has owned the Astros since 1992. Having entertained on and off for at least a couple of years the idea of selling, he has ramped up efforts recently.
McLane has toyed with selling the Astros in the past, but you don’t hire an investment bank if you’re toying. He really wants to sell this time. Maury has more details over at the Biz of Baseball. The upshot, though: McLane wants around $800 million. Any purchase of the team would include a stake in the newly created regional sports network CSN Houston. Bonus: no one is bankrupt this time, so any sale would likely take less than nine months and multiple rounds of litigation.
Which means this won’t be much fun at all, sadly.
It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.
Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.
The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.
The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.
As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.
He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.