Texas Rangers v New York Yankees, Game 5

Don’t cry for Chuck Greenberg: he’s walking away with a $25 million profit

9 Comments

This morning I said that, having been booted out of the Rangers ownership chair he fought so hard to claim, Chuck Greenberg will never get the last year and a half of his life back.  Bob Nightengale puts this in perspective, however:

It may have been tough for Rangers CEO Chuck Greenberg to step down,but will leave with $20 million to $25 million profit, easing pain

So he’s got that going for him. Which is nice.  And to be honest, yeah, I think I’d take a year and a half of ugly litigation if there were two and a half units waiting for me on the other side.

Oh, “what’s a unit” you ask?  I had a client tell me once that Texas oil men of the 1970s boom years referred to $10 million as “a unit.”  And the idea was that, in those circles, you weren’t really rich until “you made your first unit.”  Those without a unit need not apply to the boy’s club. Ahem.

I’ve never had corroboration of this — the guy could have been putting me on — but I’ve passed along that bit of trivia at enough cocktail parties that even if it isn’t true, I’m hoping that it one day enters into the realm of lesser slang.

Report: Astros remain in contact with the Athletics on Sonny Gray

OAKLAND, CA - AUGUST 06: Sonny Gray #54 of the Oakland Athletics pitches against the Chicago Cubs during the first inning at the Oakland Coliseum on August 6, 2016 in Oakland, California. (Photo by Jason O. Watson/Getty Images)
Jason O. Watson/Getty Images
1 Comment

The Astros remain in contact with the Athletics on starting pitcher Sonny Gray, Ken Rosenthal of FOX Sports reports. The Astros have added Charlie Morton this offseason, but the club has been trying to add a big-name starting pitcher to put at the top of the rotation behind Dallas Keuchel.

Gray, 27, was limited to 22 starts in the 2016 season due to a forearm issue. His stats left a lot to be desired, as he finished with a 5-11 record, a 5.69 ERA, and a 94/42 K/BB ratio over 117 innings. Considering how Gray pitched in the previous three years, he’s a good bet to bounce back.

Gray is under team control through 2019, which is a big draw for the Astros. Needless to say, the Athletics would want a haul in terms of prospects. Gray will earn $3.575 million in 2017, having avoided arbitration in his first year of eligibility.

President Obama Welcomes the Cubs to the White House

31 Comments

As we noted last week, The Chicago Cubs took the unusual step of not waiting until the summer after winning the World Series to make their customary White House visit to meet the president. They did it today, seeing President Obama a few short days before he leaves office.

Despite the fact that Obama is a White Sox fan, he met the Cubs with diplomacy and grace. It’s almost as if he’s been in that business for the past eight years. In return, he was given some gifts by the Cubs: Theo Epstein presented Obama with a No. 44 Cubs jersey, a tile from the center field scoreboard at Wrigley Field, and a lifetime pass to Wrigley as well.

Obama is staying in D.C. after he leaves office this week, hanging around so his daughter can finish high school in the same place she started. Even so, he’s likely going to be back to Chicago a good bit over the rest of his life, so he’ll likely be able to put the free pass to work. Assuming it comes with, like, six companion passes for his Secret Service detail.