Frank McCourt needs money to keep the Dodgers running. Fox wants to loan it to him, with the team’s TV rights as collateral. Bill Shaikin reports, however, that Bud Selig has rejected a proposal under which FOX would have loaned $200 million to Dodgers in a deal that would have met both of the parties’ objectives.
On one level you want to feel bad for McCourt. He has something of value: the rights to broadcast Dodgers games. He has someone willing to give him money for it: FOX. But Bud says no. He says no even though he’s certainly willing to let Fred Wilpon leverage his TV Network — the most valuable property of which is baseball rights — in order to get out from under his Wilpon mess.
The difference, I think, is that Frank McCourt has lost all credibility when it comes to taking on debt. Why would you let him mortgage anything else? Especially when, if he defaults, it will result in a TV network getting the rights to broadcast baseball games at bargain basement rates.
We’ve talked more about the Wilpons lately, but I think Frank McCourt is in more trouble. At least the Wilpons have some assets they could sell to raise cash. McCourt put everything in hock even when times were good, leaving nothing of value now. And now he’s stuck.
Free agent right-hander Yovani Gallardo is headed back to the Brewers on a major league deal, The Athletic’s Ken Rosenthal reports. No other terms have been reported yet, as the agreement is still pending a physical.
Gallardo, 31, completed a one-year run with the Mariners before getting his $13 million option declined by the team last month. He provided little value during his time in Seattle, pitching to a 5-10 record in 22 starts and putting up a 5.72 ERA, 4.1 BB/9 and 6.5 SO/9 in 130 2/3 innings as both a starter and reliever.
Still, assuming the veteran righty is on the cusp of a comeback, he may as well try for it with his original club. Gallardo last appeared for the Brewers from 2007 to 2014, racking up a cumulative 20.8 fWAR and peaking during the 2010 season, when he earned his first All-Star nomination and Silver Slugger award. This will be his ninth career season with the club.
Even with Gallardo aboard, the Brewers are expected to continue deepening their pitching stores for 2018. With team ace Jimmy Nelson still recovering from shoulder surgery, the club will enter the season with a projected rotation of Gallardo, Zach Davies, Chase Anderson and Junior Guerra, the latter of whom pitched just 70 1/3 innings in 2017 following a right calf strain and shin contusion. Another big name pitcher could help cement Milwaukee’s rotation and keep them competitive for another year, though they don’t appear to have made any concrete moves in that direction so far.