There is an in-depth report at Forbes today about the debt crisis facing Major League Baseball that anyone who cares about the business of the game should read.
The story focuses primarily on the well-known financial problems facing the Mets and Dodgers, with a shout-out to the Tom Hicks Rangers, but it suggests that teams taking on too much debt is a widespread problem. The trick comes via what Forbes says is owners’ circumvention of Major League Baseball’s often-cited, but rarely enforced debt ratio rules. Put your debt in a holding company like Tom Hicks did and, voila, you’re in compliance, even as you are being crushed by debt collectors.
One would think that such a charge would meet with a strong rebuke from Bud Selig, but he leaves that to his number two guy, Rob Manfred. And Manfred’s response is a bit unsettling:
“Nobody outside the game knows what was done or not done with respect to any individual club … I don’t think anyone outside the game is in a position to make a judgment as to how the debt-service rule has been administered.”
Really? No “you’re wrong,” or “baseball ownership is healthy?” Forbes comes to you and says that it’s writing a story about how teams routinely circumvent the debt ceiling rules and are doing so at tremendous risk and peril, and you’re really going with “how would you know?”
The Dodgers are NL West champions for the fifth time in a row. They clinched with a 4-2 win over the Giants on Friday night, taking their first and only lead on a mammoth record-breaking home run from Cody Bellinger in the third inning.
Rich Hill turned in another quality start, going six innings with five hits, a run and nine strikeouts to keep the Giants at bay. He tacked on an RBI hit of his own, too, lashing a double to left field for his first extra-base hit since 2007.
The Giants, meanwhile, deployed Jeff Samardzija and his 4.42 ERA for 4 1/3 innings. Samardzija was on the hook for the Dodgers’ four-run spread in the third and took his 15th loss of the season. Pablo Sandoval came through with a solo home run in the ninth, but the rest of San Francisco’s offense wasn’t so lucky against Kenley Jansen, who struck out the side to clinch the game — and the division.
After Friday’s showstopper, the Dodgers are just two wins away from their first 100-win season since 1974. If they win the remaining eight games of the season, they’ll beat out the 1953 Brooklyn Dodgers for the most wins in franchise history.
Cody Bellinger helped the Dodgers to their first lead on Friday night, going deep for his 39th home run of the season and setting a new National League rookie home run record in the process. With two on and two out in the third inning, the Dodgers’ slugger launched a 2-1 pitch from the Giants’ Jeff Samardzija, skimming the right field fence to give the team a three-run cushion:
The three-run bomb was Bellinger’s sixth of the season. In what is undoubtedly a Rookie of the Year award-worthy campaign, he’s logged 21 solo shots, 11 two-run blasts and a single grand slam. His historic home run topped former NL rookie leaders Frank Robinson and Wally Berger, at 38 homers apiece.
The Dodgers need to stay on top of the Giants to clinch the NL West or, barring that, have the Marlins pull off a win over the Diamondbacks. They currently lead the Giants 4-1 in the bottom of the fifth inning. The Marlins, meanwhile, are staying just ahead of the D-backs with a 9-7 lead in the top of the sixth.