Jim Crane met the media as the owner-in-waiting for the Houston Astros yesterday, and that led to a couple of glowing reviews of his business acumen and his plans for the future of the organization. It also led to a report in Forbes that says $300 million of the $680 million sales price of the team will be debt-financed.
It’s hard to place this in any kind of context because the Forbes report is thin on (actually devoid of) detail. What kind of debt is this, short or long term? Does that include the fairly standard line of credit that Major League Baseball extends all teams or is that separate? Is this secured by team property and future revenues or is it secured by, say, Jim Crane’s other businesses and/or personal property and that of the others in the ownership group? All of that matters. And, even if the report is true and the debts impinge on team assets, it’s in no case as bad as the McCourt financing of the Dodgers which represented far more than 100% of the purchase price.
But for all of the unknowns, the debt situation is worth looking into as the deal approaches closing. Recent history has shown us that team debt matters, and seeing how the Astros sale is being handled will provide us some amount of insight as to whether Major League Baseball has learned anything from recent history.
Manager Bud Black has tabbed Jon Gray to start on Opening Day for the Rockies. That will be Monday, April 3 in Milwaukee against the Brewers in an afternoon contest.
Gray, 25, is starting Opening Day for the first time in his career. He’ll be the sixth different Rockies pitcher to start Opening Day in as many years.
The Rockies and Gray had a bit of a scare on Friday as he left his spring training start with discomfort in his left foot, but everything came up clean in an MRI. He pitched again on Wednesday with no issue.
Last season, Gray went 10-10 with a 4.61 ERA and a 185/59 K/BB ratio in 168 innings. A consensus top prospect entering each of the previous three seasons, Gray surprisingly put up better numbers at Coors Field — the most hitter-friendly park in baseball — than away.
Today Washington Nationals manager Dusty Baker named Blake Treinen as his closer. Treinen has saved exactly one big league game.
There wasn’t necessarily an obvious choice, however. Last year Washington had Mark Melancon, but with him gone and GM Mike Rizzo’s failure to land a high-profile closer in the offseason, it became a contest between Treinen Shawn Kelley and Koda Glover.
Treinen posted a 2.28 ERA with 31 walks and 63 Ks in 67 innings in 2016. His big improvement last year came against lefties, who had tattooed him in the past. He pitched well this spring as well, but that doesn’t necessarily mean anything.
The Nats are our favorites to win the NL East, but we do have some questions about the pen. Blake Treinen will take the first crack at answering them.