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.

Player pool for MLB postseason shares is a record $69 million

television money
1 Comment

MLB just announced the postseason shares for this year and the players’ overall pool is a record total of $69.9 million. Nice.

That total gets divided among playoff participants, with Royals receiving $25,157,573.73 for winning the World Series and Mets getting $16,771,715.82 for finishing runner-up. That works out to $370,069.03 each for the Royals and $300,757.78 each for the Mets.

Jeffrey Flanagan of reports that the Royals have issued full playoff shares to a total of 58 people, plus 8.37 partial shares and 50 “cash rewards.” In other words: There was a whole bunch of money to go around if you were in any way involved in the Royals’ championship run.

According to MLB public relations the previous high for the overall player pool was $65.4 million in 2012 and the Mets’ playoff share is the highest ever for a World Series-losing team, topping the Tigers’ share of $291,667.68 in 2006. Kansas City’s playoff share is slightly less than San Francisco received last year.

Here are the individual postseason share amounts by team:

Royals – $370,069.03
Mets – $300,757.78
Blue Jays – $141,834.40
Cubs – $122,327.59
Astros – $36,783.25
Cardinals – $34,223.65
Dodgers – $34,168.74
Rangers – $34,074.40
Pirates – $15,884.20
Yankees – $13,979.99

Marc Anthony gets into the agent business, signs Aroldis Chapman

Aroldis Chapman

There is a somewhat mixed history of entertainers and musicians getting into the sports agent business. Sometimes it works out (Jay-Z has done OK). Sometimes it doesn’t (Master P says “Hi”).

Add another one to the list. A pretty big one. Ken Rosenthal reports that Marc Anthony’s Magnus Media is getting into sports. And the company, Magnus Sports, just signed a new client: Reds closer Aroldis Chapman. From Rosenthal:

The company said in a news release that it will team with a baseball agency, Praver Shapiro Sports Management — and that the group’s first major client will be Reds closer Aroldis Chapman.

Praver Shapiro represents a number of Latin players, including Marlinsshortstop Adeiny Hechavarria, Cubs right fielder Jorge Soler, Reds pitcherRaisel Iglesias and free-agent third baseman Juan Uribe.

Chapman is on the trading block right now but 2016 is his walk year, and barring injury he’ll due for perhaps the biggest payday a closer has ever seen. Whether he’ll actually get it depends on the negotiating skills of the biggest salsa artist the world has ever seen.

Gentlemen: you have a year to get some song title pun/headlines ready.

Orioles interested in Denard Span

Denard Span
AP Photo/Alex Brandon
1 Comment

MASN’s Roch Kubatko is reporting that the Orioles have “some level” of interest in free agent outfielder Denard Span. The Nationals did not make a $15.8 million qualifying offer to Span, which means he doesn’t come attached with draft pick compensation unlike other free agents such as Alex Gordon and Dexter Fowler.

Span, who turns 32 in February, hit a solid .301/.365/.431 with five home runs, 22 RBI, 38 runs scored, and 11 stolen bases, but took only 275 plate appearances due to back and hip injuries. He underwent season-ending hip surgery in September but is expected to be ready to participate in spring training.

The Mets and Royals have also reportedly shown interest in Span’s services.

Blue Jays showing interest in Ryan Madson

Ryan Madson
AP Photo/Orlin Wagner

ESPN’s Jerry Crasnick reports that the Blue Jays are on the prowl for relievers with closing experience. Ryan Madson is one of the names on their list.

Madson, 35, had a career rebirth with the Royals in 2015. He signed a minor league deal with the club that paid him a salary of $850,000 if he made it back to the majors. Due to a plethora of arm injuries, Madson hadn’t pitched in the majors since Game 5 of the 2011 NLDS against the Cardinals as a member of the Phillies. For the Royals, he wound up becoming a crucial member of the bullpen, finishing with a 2.13 ERA and a 58/14 K/BB ratio over 63 1/3 innings.

While Madson allowed five runs in 8 1/3 post-season innings, he pitched well when it mattered most, as he hurled three scoreless frames in three appearances in the World Series against the Mets.

Madson has closing experience, with 55 career saves. 32 of them came in 2011 when he took over the closer’s role from Brad Lidge.

After signing Marco Estrada and J.A. Happ, and trading for Jesse Chavez, the Jays have bolstered their rotation but it was reported on Saturday that interim GM Tony LaCava is still focused on upgrading the pitching staff.