Are the new Astros owners the latest in a long line of debt-riddled ownership groups?

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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.

Danny Duffy exits spring training game with left shoulder tightness

Danny Duffy
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Royals’ Opening Day starter Danny Duffy weathered a minor scare during Saturday’s Cactus League game against the Diamondbacks. The left-hander was removed from his final spring training start after experiencing some left shoulder tightness in the second and third innings. No lasting damage appears to have been done — Duffy told reporters that he simply felt a slight ache, nothing more — and it looks like he’ll remain on track to open the season with the team next Thursday.

The 29-year-old southpaw is coming off one of his best performances to date. Despite losing a few weeks to an oblique strain and elbow soreness, he went 9-10 in 24 starts and finished the 2017 season with a 3.81 ERA, 2.5 BB/9 and 8.0 SO/9 over 146 1/3 innings. While Duffy entered camp with a clean bill of health, he struggled to execute against his spring training opponents and racked up 13 runs, four homers, seven walks and 11 strikeouts in 13 innings of Cactus League play.

The Royals are scheduled to kick off their home opener against the White Sox on Thursday, March 29 at 4:15 PM ET. Barring any further complications with his shoulder, Duffy will take the mound for the Royals, while James Shields is expected to make his first Opening Day appearance for the White Sox.