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 Modern Era ballot was revealed last month. The results have been announced on Sunday night. Jack Morris and Alan Trammell will be inducted into the Hall of Fame next summer.
Morris, now 62, pitched parts of 18 seasons in the majors, 14 of which were spent with the Tigers. He played on four championship teams: the 1984 Tigers, the 1991 Twins, and the 1992-93 Blue Jays. While his regular season stats weren’t terribly impressive beyond his 254 wins, Morris has always had a decent amount of Hall of Fame support due to his postseason performances. Morris shut the Braves out over 10 innings in Game 7 of the ’91 World Series. That being said, his postseason ERA of 3.80 isn’t far off his regular season ERA of 3.90. If you ask me, Morris doesn’t pass muster for the Hall of Fame. He now has the highest career ERA of any pitcher in the Hall.
Trammel, now 59, had been unjustly kept out of the Hall of Fame despite a terrific career. He hit .285/.352/.415 across parts of 20 seasons from 1977-96, all with the Tigers. He was regarded as a tremendous defender and made a memorable combination up the middle with Lou Whitaker, who also played with the Tigers from 1977-95. According to Baseball Reference, Trammell racked up 70.4 Wins Above Replacement during his career, which is slightly more than Hall of Famer Barry Larkin (70.2) and as much as Hall of Famer Ron Santo (70.4).
Steve Garvey, Tommy John, Don Mattingly, Dale Murphy, Dave Parker, Ted Simmons, Luis Tiant, and Marvin Miller were not elected to the Hall of Fame. Miller continuing to be shut out is a travesty. Craig has written at length here about Miller’s exclusion.