Nine of 30 teams in violation of MLB’s debt rules

10 Comments

On the one hand, this sounds alarming: Bill Shaikin of the L.A. Times reports that nine of baseball’s 30 teams are in violation baseball’s debt service rules. The teams: Dodgers and Mets — duh — as well as the Orioles, Cubs, Tigers, Marlins, Phillies, Rangers and Nationals.

On the other hand, it’s hard to say what this truly means. Sure, former commissioner Fay Vincent calls this “troublesome,” but he thinks everything that has happened since he left office is troublesome.  What we don’t know, however, is how any of these teams outside the Dodgers, really, arrived at their currently-reported out-of compliance status and if it’s really a serious thing.

Is it short term debt or long term debt? A temporary blip of being-out-of-compliance, or something chronic?  Generally, the rules limit a team’s debt to 10 times its annual earnings.  How badly out of whack are, say, the Tigers, compared to where the Dodgers are? Doesn’t it matter that the Tigers owner has more money than Croesus, while the Dodgers’ owner does not?

Finally, Frank McCourt claims that he was given exemptions on his debt limit at times. If that’s the case (i.e. the game’s most train wreck of a financial case can be in technical compliance) doesn’t that render the concept of compliance a rather fluid one?

I don’t like that so many ownership groups are leveraged and baseball needs to be sure that the Frank McCourt/Tom Hicks examples are exceptions and not the rule.  But I’m not sure that this report, in and of itself, tells us much.

Report: Blue Jays and Marco Estrada nearing agreement on contract extension

Tom Szczerbowski/Getty Images
Leave a comment

Jon Morosi reports that the Blue Jays and starter Marco Estrada are nearing an agreement on a contract extension. The deal is expected to be for one guaranteed year, Morosi adds.

Estrada, 34, was set to become a free agent after the season. He earned $26 million on a two-year contract signed with the Jays in November 2015. While the right-hander has a subpar 4.84 ERA on the season, he has a solid 170/67 K/BB ratio in 176 2/3 innings and has looked much better since the end of July. Between July 31 and his most recent start on Saturday, Estrada owns a 3.75 ERA.

J.A. Happ is the only other starter technically under contract with the Jays next season. Marcus Stroman will be eligible for his second year of arbitration and the Jays will certainly agree to give him a raise on his $3.4 million salary for the 2017 season. The Jays will likely be active this offseason in adding rotation help and they’re starting early by locking up Estrada.

Video: Jackie Bradley, Jr. robs Chris Davis of a home run

Jason Miller/Getty Images
Leave a comment

Red Sox center fielder Jackie Bradley, Jr. robbed Orioles first baseman Chris Davis of his 25th home run on Tuesday evening, leaping at the fence in center field to make the catch and keep the game scoreless in the bottom of the fifth inning.

Davis swung at the first pitch he saw from Drew Pomeranz, a slider that crossed the middle of the plate.

This game has potential playoff implications, as the first-place Red Sox hold a three-game lead over the Yankees in the NL East. Meanwhile, the Orioles are still in the AL Wild Card race, trailing the Twins by 5.5 games for the second Wild Card slot.