Texas Rangers

Fay Vincent has a (severely flawed) idea about how to compensate players


Former baseball commissioner Fay Vincent has a column in today’s Wall Street Journal in which, after noting how businessmen and actors get an equity stake or points on the gross in their deals, why baseball players can’t do the same thing and take an ownership interest in the team:

Mr. Pujols will in all likelihood negotiate a salary of around $35 million annually in a four- or five-year agreement. He and his agent will surely notice the enormous bite the tax collectors will take of that income. Why not take some of the pay in the form of a piece of the Cardinals franchise? Who would argue the Cardinals are not more valuable if they can keep him?

First: $35 million? Really? I kind of figured it would be like $30 million, but let’s save that for another day.

Second: As Vincent himself notes, baseball prohibits players from owning a stake in their team unless they get approval from the commissioner and unless, pursuant to Major League Rule 20(e), they sell their stake in the team if they switch teams.  Specifically, that rule provides that the agreement “shall provide for the immediate sale (and the terms there of) of such stock or other proprietary interest or financial interest in the event of the [player’s] transfer to or joining another Club.”

I’m just a dumb litigator, but I don’t think I’m wrong when I say that a player-ownership scenario that is designed to provide tax savings and greater flexibility is a tad bit hampered by a rule that requires the stake be divested immediately if the player switches teams.  That, my friends, would lead to an immediate taxable event. It would also severely hamper the value of the ownership stake, which would piss off both the player and the team’s majority owners, who likely don’t want to have to force chunks of the team out into the market the moment the team’s GM comes up with a spiffy trade.

Sure, you could change the rules about immediate divestment upon being traded, but then you run into the uncomfortable scenario of someone playing for the Cardinals, for example, who owns a stake in the Cubs. Or a Dodgers player — Juan Uribe, for example — whose wealth depends on the Giants having a greater franchise value.  In an age where franchise values are dependent upon regional sports network ratings, and those ratings are dependent upon winning and losing, that’s a recipe for disaster, is it not?

In other news, for all of Fay Vincent’s virtues, the game is way healthier, financially speaking, today than it was when he was commissioner. If this article is evidence of his business acumen, there may be a reason for that.

Terry Francona sets Indians’ World Series rotation for first three games

TORONTO, ON - OCTOBER 18:  Corey Kluber #28 of the Cleveland Indians throws a pitch in the first inning against the Toronto Blue Jays during game four of the American League Championship Series at Rogers Centre on October 18, 2016 in Toronto, Canada.  (Photo by Vaughn Ridley/Getty Images)
Vaughn Ridley/Getty Images
Leave a comment

Bob Nightengale of USA TODAY Sports reports that Indians manager Terry Francona has set his starting rotation for the first three games of the World Series against the Cubs. Corey Kluber will start Game One, followed by Trevor Bauer and Josh Tomlin for Games Two and Three, respectively.

Kluber, the ace of the staff, has had a terrific postseason. He’s made three starts with a 0.98 ERA and a 20/7 K/BB ratio in 18 1/3 innings. The Indians won two of his starts — Game Two of the ALDS and Game 1 of the ALCS.

Bauer was unable to make it out of the first inning of his ALCS Game 3 start against the Blue Jays after the stitches on his pinky opened up and caused blood to pour out. He suffered the injury repairing one of his drones, which he builds as a hobby. Bauer insists he’ll be good to go in Game Two, though he also insisted that the injury wouldn’t be an impediment against the Jays.

Tomlin has made two solid starts for the Indians, allowing a total of three runs over 10 2/3 innings. The Indians won both games he started, Game 3 of the ALDS and Game 2 of the ALCS. MLB.com’s Jordan Bastian notes that if Bauer can’t go in Game Two, Tomlin will be moved up to start in his place.

Alex Rodriguez credits Tom Ricketts and Theo Epstein with Cubs’ turnaround

CHICAGO, IL - OCTOBER 13:  Tom Ricketts, owner of the Chicago Cubs, celebrates after the Chicago Cubs defeat the St. Louis Cardinals in game four of the National League Division Series to win the NLDS 3-1 at Wrigley Field on October 13, 2015 in Chicago, Illinois. The Chicago Cubs defeat the St. Louis Cardinals with a score of 6 to 4.  (Photo by David Banks/Getty Images)
Getty Images

It isn’t difficult to see the fingerprints left by Cubs’ president Tom Ricketts and general manager Theo Epstein on the club’s remarkable 2016 season. In a piece for FOXSports.com, former Yankee Alex Rodriguez highlighted the duo’s effectiveness in liberating the Cubs from a five-year losing streak and six-year postseason drought, citing both the unrelenting work ethic and passion that Ricketts and Epstein brought to the club as major factors in their success.

Rodriguez’s first brush with sabermetric savant and all-around baseball wizard Theo Epstein came in 2003, when the then- 27-year-old All-Star was eyeing a deal with the Red Sox. The Major League Baseball Players Association eventually nixed the trade, and the Rangers’ young shortstop was sent to the Yankees shortly thereafter, but not before Rodriguez glimpsed the inner workings of Epstein’s mind.

What I remember best about that time was watching Theo furiously scribbling out the Red Sox lineup for the upcoming season on a room-service napkin. That’s when I saw Theo’s baseball mind at work. I saw he had a passion for the game, a depth of knowledge, and a thirst to be great. Theo’s passion was contagious. We were three 20-somethings convinced we were about to turn baseball upside down together. Though I never got a chance to work with Theo, I knew then that he was going to be a force.

A-Rod also referenced Ricketts’ thorough approach to rebuilding the organization. Ricketts, who purchased the franchise for $875 million in 2009, first made it his mission to transform Wrigley Field into a comfortable and enticing playing environment, then targeted top-tier management to run the show behind the scenes. With Ricketts fully backing Epstein’s transformative approaches — including an overhaul of the Cubs’ farm system, investments in international player development, and a comprehensive understanding and practical application of sabermetric advances — the Cubs’ path to a 97-win season in 2015 seemed a natural consequence of the pair’s hard work.

This year, the attention has been even more intensely focused on the Cubs’ elusive third World Series title. Rodriguez, however, believes that winning a championship is secondary to the strides Ricketts and Epstein have taken with the club.

Together, Ricketts and Epstein have built one of the greatest franchises in baseball and transformed 1060 W. Addison St. It’s a task that no one could quite get right for a hundred years. While four more wins would put a giant exclamation point on five years of focused work and determination, I won’t worry if this team doesn’t win the World Series in the next nine days.