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.
Earlier, we learned via Tuesday’s report from Ken Rosenthal of FOX Sports that Red Sox manager John Farrell could find himself on the hot seat given the team’s slow start and a couple of incidents with Dustin Pedroia and Drew Pomeranz.
Tim Britton of the Providence Journal spoke to Red Sox president of baseball operations Dave Dombrowski, who gave Farrell a vote of confidence. Dombrowski said, “We all have our pluses and minuses. But when I see some of the things we’ve talked about, I don’t know how you say that’s John Farrell’s fault. It’s not his fault that we’ve scuffled to pitch in the fifth spot with [Kyle] Kendrick and [Hector] Velazquez. The injury factors. Really in many ways, I tip my hat to our guys, led by John, that we’re in the position that we’re in right now. We’re three and a half out on May 24. There’s a long time to go. We haven’t gotten buried.”
Dombrowski added, “He’s our manager. He’s done fine. If I didn’t think that, then he wouldn’t be in his role.”
Farrell is signed through 2018 as the Red Sox exercised his ’18 option in December. That doesn’t mean the Red Sox can’t let him go, but given the lack of realistic options to step in and fill Farrell’s shoes and Dombrowski’s vote of confidence, it looks like the skipper has job security for now.
The Yankees announced that Jacoby Ellsbury left the game with a concussion and a neck sprain after making a great catch, crashing into the center field wall at Yankee Stadium to snag an Alcides Escobar fly ball for the first out of the first inning Wednesday night against the Royals.
Ellsbury was shaken up after the play, requiring the attention of manager Joe Girardi and trainer Steve Donohue.
Ellsbury initially stayed in the game and finished the top of the first inning. However, Aaron Hicks replaced Ellsbury in center field to start the top of the second inning. Ellsbury was batting sixth and did not have an at-bat prior to exiting.