File photo of Los Angeles Dodgers owner Frank McCourt speaking at a news conference about increased security at Dodger Stadium in Los Angeles

Big surprise: Frank McCourt to keep the Dodgers running with a crappy loan

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Frank McCourt, who knows from crappy loans, received one for $150 million in order to meet payroll on the 30th and to keep the team running while the bankruptcy proceeds through its paces, reports the Wall Street Journal.  Some basic questions you may have, followed by the best answer I have (again, bankruptcy types, feel free to correct me if I’m wrong):

First question: How in the hell did Frank McCourt get a loan? I thought he was tapped out!

Answer: It’s a special bankruptcy loan for debtors in possession. These things happen frequently. The moment the bankruptcy goes down, the lender of such a beast goes to the front of the line for payment. It would not have been available before a filing, as a lender would then be behind all of the other creditors. The idea: better to favor a post-bankruptcy lender than to have no one get paid.

Second question: What makes this a crappy loan?

Answer: The interest rate for starters, which at 10% is higher than your usual debtor-in-possession financing. Even Borders bookstore, which is basically in a dying industry, got a better deal. Also the fact that McCourt had to pay the lender a $4.5 million fee on top of it all. Also because McCourt had to put a lien on Dodger Stadium and offer personal guarantees on the load too.

Third question: Why such bad terms?

Answer: Apparently because no one else would lend him the money, preferential treatment aside.  According to the Wall Street Journal, a J.P. Morgan-affiliated hedge fund — Highbridge Principal Strategies — was the only entity willing to do business with Mr. McCourt. Maybe next time he should call Moneytree, where lenders compete for your business!

What? You mean he called Moneytree already?  And they pretended they weren’t home?  Awwwkwaaard.

Sean Doolittle: “Refugees aren’t stealing a slice of the pie from Americans.”

ANAHEIM, CA - JUNE 25:  Sean Doolittle #62 of the Oakland Athletics pitches during the ninth inning of a baseball game against the Los Angeles Angels of Anaheim at Angel Stadium of Anaheim on June 25, 2016 in Anaheim, California.  (Photo by Sean M. Haffey/Getty Images)
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In the past, we’ve commented on Athletics reliever Sean Doolittle and his girlfriend Eireann Dolan’s community service. In 2015, the pair hosted Syrian refugee families for Thanksgiving and their other charitable efforts have included LGBTQ outreach and help for veterans.

Athletes and their significant others have typically avoided stepping into political waters, but Doolittle and Dolan have shown that it’s clearly no concern to them. In the time since, the Syrian refugee issue has become even more of a hot-button issue and Doolittle recently discussed it with Mike DiGiovanna of the Los Angeles Times.

I think America is the best country in the world because we’ve been able to attract the best and brightest people from all over the world. We have the smartest doctors and scientists, the most creative and innovative thinkers. A travel ban like this puts that in serious jeopardy.

I’ve always thought that all boats rise with the tide. Refugees aren’t stealing a slice of the pie from Americans. But if we include them, we can make the pie that much bigger, thus ensuring more opportunities for everyone.

Doolittle, of course, is referring to Executive Order 13769 signed by President Trump which sought to limit incoming travel to the United States from seven countries: Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen. A temporary restraining order on the executive order was placed on February 3, a result of State of Washington v. Trump.

Doolittle spoke more about the plight refugees face:

These are people fleeing civil wars, violence and oppression that we can’t even begin to relate to. I think people think refugees just kind of decide to come over. They might not realize it takes 18-24 months while they wait in a refugee camp. They go through more than 20 background checks and meetings with immigration officers. They are being vetted.

They come here, and they want to contribute to society. They’re so grateful to be out of a war zone or whatever they were running from in their country that they get jobs, their kids go to our schools, they’re paying taxes, and in a lot of cases, they join our military.

Around this time last year, Craig wrote about Doolittle and Dolan not sticking to baseball. They’re still not, nor should they be. Hopefully, the duo’s outspokenness inspires other players and their loved ones to speak up for what’s right.

[Hat tip: Deadspin’s Hannah Keyser]

Russell Martin is not a fan of the automatic intentional walk

CLEVELAND, OH - OCTOBER 15:  Russell Martin #55 of the Toronto Blue Jays reacts after being struck out in the fourth inning against the Cleveland Indians during game two of the American League Championship Series at Progressive Field on October 15, 2016 in Cleveland, Ohio.  (Photo by Elsa/Getty Images)
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On Tuesday, it was announced that Major League Baseball instituted a new rule allowing for a dugout signal in order to issue an intentional walk rather than having the pitcher throw four pitches wide of the strike zone. It’s commissioner Rob Manfred’s attempt to help improve the game’s pace of play.

As Sportsnet’s Shi Davidi reports, Blue Jays catcher Russell Martin is certainly not a fan of the change.

My thing is, if they really want to speed up the game, then when a guy hits a home run, to speed up the game should a guy, just like in softball, when he hits it, should he just walk to the dugout? It’d be quicker. I’m just wondering, at what point do we just keep the game, the game? Or, how about this calculation: take all the intentional walks that were made in the last couple years and calculate – or maybe just ask to see if they have that information, to see if they really did their homework. Is it really that important to speed up the game (with this rule)? Because how many games did we play last year where we didn’t have one intentional walk? That’s something I’d like to know.

Martin also expressed concern that eliminating the four-pitch intentional walk will hurt teams’ ability to buy time for their relievers to warm up.

It’s called getting your bullpen ready so the guy doesn’t blow out his arm on the mound. Speed up the game, speed up the game.’ How about we just give guys – the human being – time to warm up on the mound after maybe something’s happened in the game? I’m not a manager, but I’m just trying to put myself in the position of a manager. OK, we’re up by one run or two runs and our bullpen’s been taxed and we’re trying to save their arms, and then the other team walks, ball gets away, guy gets to second base. When the coach visits the mound to talk to his player, it’s not like the player necessarily needs somebody to talk to him.

It’s because the guy (in the bullpen) needs time to warm up, man. It’s the same thing when you throw over to first base, like, eight times in a row. It’s not like we’re trying to keep the guy close. The guy maybe has two stolen bases in 18 years. It’s because the guy needs time to warm up. At what point does that become a problem with guys warming up in the bullpen? Sometimes it’s just strategy to give guys a little bit of time to warm up.

The Jays’ backstop then said he’d prefer if Manfred were honest about the intent behind this rule change and others which have been proposed. Martin said, “Save it. I’m tired of hearing that same lame excuse all the time. Just be honest. If they’re honest about it, we’ll get over it. But don’t hide behind the fans.”

We should be hearing from a handful of players about the new intentional walk rule in the coming days. I can’t imagine the rule is very popular among the players.