Frank McCourt takes a $30 million loan from FOX in order to meet payroll

2 Comments

FOX used to own the Dodgers. At this rate, they’re going to own them again someday soon:

Frank McCourt took a $30-million loan this week from Fox to meet the Dodgers’ payroll obligations, according to three people briefed on the arrangement. The arrangement is expected to cover the Dodgers’ expenses into next month … The loan marks the second time since the end of last season that Fox has provided money to the Dodgers’ owner so he could cover expenses. The loan was furnished to McCourt personally rather than to the Dodgers, according to the people briefed on the deal.

And because it was a personal loan, it did not require the approval of Major League Baseball.  Baseball is still mulling, however, whether it will allow McCourt to settle his legal problems by taking a big chunk of cash from a new TV right deal for Dodgers telecasts on FOX and diverting it to Jamie McCourt and whoever the hell else Frank owes money too.

If I’m Bud, I wait this out. If he’s taking month-to-month personal loans to cover payroll, Frank is going to go bankrupt very soon and he’ll be forced to sell the Dodgers like Tom Hicks did. Sure, it may not be fabulous to have a marquee franchise in bankruptcy court, but as the Rangers showed, the process is survivable. And, once free from McCourt, the Dodgers could easily become a lucrative property once again.

Giants remove pitching coach Dave Righetti

Getty Images
1 Comment

After 18 years, 12 winning seasons, seven postseason runs and three World Championships, Dave Righetti is no longer a pitching coach for the Giants. He was removed from his post on Saturday, when the team announced a few reassignments as they shake up their coaching staff. Heading into the 2018 season, Righetti will serve as special assistant to general manager Bobby Evans, former bullpen coach Mark Gardner will step into a similar special assistant role to “assist in pitching evaluations,” and former assistant hitting coach Steve Decker will take a special assistant role in baseball operations.

According to MLB.com’s Chris Haft, Righetti was the longest-tenured pitching coach in the big leagues. He helped shape the careers of notable Giants’ aces like Madison Bumgarner, Tim Lincecum and Matt Cain — all Cy Young contenders (and, in Lincecum’s case, a two-time winner) at various points in their careers. He was there to assist Ryan Vogelsong during his stunning mid-career comeback in San Francisco. He helped newcomers like Chris Stratton and Ty Blach flourish even as the team stumbled to the bottom of the division. He was there to take the credit when a sterling rotation clinched the Giants’ 56-year, drought-snapping championship title in 2010 — and, when things went so horribly south in 2017, he took the blame as well.

Hardly anything went right for the Giants’ pitching staff in 2017. Madison Bumgarner was shelved after sustaining a serious shoulder injury in a dirt bike accident, Johnny Cueto couldn’t shake a cluster of blisters on his right hand and Mark Melancon found it difficult to justify a $62 million paycheck after pitching through an arm injury to four blown losses/saves and a 4.50 ERA. It would be a lot for any pitching coach to stay on top of, and given the team’s rapid descent from 2016 postseason contenders to last-place finishers in 2017, it’s not surprising that Evans felt the need to switch things up.

Successors have yet to be named for Righetti, Gardner or Decker, though Murray hears that the Giants could have interest in former major league pitching coach Jim Hickey. NBC Bay Area’s Alex Pavlovic adds that Evans is searching for someone to “put a new voice” on the pitching staff and will likely target someone who, like Righetti, brings considerable experience to the role.