It’s been morbid fun watching Frank McCourt press to meet the Dodgers payroll, thereby holding off a takeover from Major League Baseball. Last month we saw him mortgage his future a little bit. The expectation this month was that he’d be sunk, given that Manny Ramirez is owed a big chunk of money in deferred compensation. Certainly MLB would have to step in on June 15th, right?
Well, no, not if Bob Nightengale’s report is accurate. He says that other MLB owners are being told that McCourt has the money to meet the mid-month payroll.
It’s unclear where this money is coming from, what with attendance way down at Dodger Stadium and McCourt still leveraged to the gills. My guess: he got Kelly, Ozone, Turbo and a young Ice-T to put on a big performance that will simultaneously help the Dodgers make payroll, and save the neighborhood rec center.
UPDATE: Bill Shaikin says that Frank McCourt is playing coy about it and won’t say if he has the funds to meet June 15th payroll. Maybe he wants it to be a surprise at the big jam at the end of the movie. Er, I mean, when payroll comes due.
It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.
Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.
The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.
The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.
As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.
He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.