Major League Baseball wants to change its debt rules


Just a day after Forbes released a story about Major League Baseball teams in debt trouble, the New York Post reports that baseball is changing its debt rules:

Major League Baseball is working to cut how much debt its teams can carry, The Post has learned.

The move, aimed at avoiding a Mets-like cash squeeze or a Texas Rangers bankruptcy-type scenario, will be centered on widening the definition of team debt, sources close to the situation said.

For example, MLB wants teams to include holding company loans and not just what is directly on team’s books when determining total debt, a source with direct knowledge of the talks said.

This is apparently part of collective bargaining. Makes some sense given that a team’s ability to take on debt has a direct relationship to how much it can spend on stuff, salaries included. I’m sure it’s a tough balance for the union given that they want teams to be both free-spending and solvent.

Whatever happens, there isn’t much murkier in the world than the finances of professional sports teams, so it’s hard to see all of the different directions in which this kind of thing can break. But this seems like a good idea.  One Tom Hicks situation is enough. And by the time this is all said and done, we may have had three of them.

Let’s end spring training now, you guys

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There’s a saying that goes “nothing good ever happens after 2AM.” It can also be said that nothing good ever happens after, say, week 5 or 6 of spring training.

Today, for instance, are a lot of inconsequential games. Those are neutral. Then there are a rash of these sorts of incidents which just went down today, all of which are bad:

Archer seems to be OK for now. Moncada walked off his thing and went back into the game. We’re still waiting to hear on Bumgarner and Ichiro. If there is anything serious with them we’ll update as we learn things.

But really, guys: Spring Training is too long. Even in a year like this one, when it’s a tad shorter than usual because of an early start to the regular season. Everyone who was gonna get their timing down well enough to make a big league roster has already done so. If someone isn’t healthy and in playing shape now, they’re not gonna be six days from now for Opening Day. The cake, as they say, is baked.

All that can happen is possessed-by-the-devil baseballs attacking unsuspecting players and injuring them in meaningless exhibitions. Let’s cease all baseball now until the regular season starts. Out of an abundance of caution.