The Dodgers file for bankruptcy

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A mere three days before the payroll comes due — payroll that Frank McCourt can’t meet — the Dodgers have filed for bankruptcy, reports Richard Sandomir. With that, the legal game begins.

Obviously the situation is fluid, and more details will stream in as the morning and day progresses, but for the time being, this could buy McCourt some time. Why? because a bankruptcy filing puts a halt on all legal action with respect to the bankruptcy estate (i.e. the Dodgers).  McCourt will certainly argue that this will prevent a takeover from Major League Baseball, though the court may decide differently when it gets a chance to weigh in, likely in the next few days.

The problem for McCourt is that the kind of bankruptcy the Dodgers have certainly filed is designed to reorganize the financial house.  Frank McCourt, however, does not have a plan available to him to do such a thing or else he would have already done it.  The filing isn’t yet circulating (UPDATE: here it is) but my guess is that he’s going to ask the court to order that the Fox TV deal be executed — assuming Fox wants to still do it, which it has been reported it may not — thereby providing funding.

The problem with that, of course, is that the bankruptcy court won’t approve of anything that is not seen as in the best interests of the Dodgers the Dodgers’ creditors,* it’s obvious that Major League Baseball and others would come in and make a strong case that the Fox deal is not the best deal they could make.

If McCourt can do no better, the court may very well order a sale of the team. Perhaps auctioning it off, Texas Rangers-style. Which, by the way, would also put Major League Baseball in the same position it was in with respect to the Rangers: less-able to control who owns the team than it would otherwise be.  Mark Cuban bid on the Rangers, after all. If his or some other non-chosen person’s money looked green to the bankruptcy court in such a scenario, Bud Selig would be hard-pressed to stop them from participating in a team auction.

But let us not get ahead of ourselves. For now, we simply have Frank McCourt where he was inevitably headed: bankruptcy court. And some time has been bought. A little anyway. The end game for McCourt, however, doesn’t look all that better than it did before.

*As always, remember that I am kind of a moron, at least as far as lawyers go, when it comes to bankruptcy. We have a lot of people familiar with bankruptcy law who hang out in the comments, however, so by all means, explore them a bit if the subject interests you. I’ll do my best to update with better information when I screw up.

Cubs place Ben Zobrist on 10-day disabled list with back soreness

Ben Zobrist
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Cubs infielder/outfielder Ben Zobrist has been placed on the 10-day disabled list with back soreness. The move is retroactive to April 14. While it doesn’t appear to be the precursor to any serious injury, Zobrist has already missed six straight days of activity after feeling his back tighten up last weekend. Should he see the minimum time on the DL, as expected, he’ll be eligible to return by the start of the Cubs’ series against the Indians on Tuesday.

Prior to his injury, the 36-year-old outfielder raked an impressive .326/.408/.465 with three extra-base hits in 49 plate appearances. He last appeared for the Cubs during their homestand last weekend and helped propel the team to a 14-10 win over the Braves with three hits, two walks and two RBI. Provided that he can remain healthy going forward, it’s a promising start for the veteran outfielder, who has yet to return to the All-Star-worthy numbers he posted with the club in 2016.

With Zobrist sidelined for the time being, Ian Happ and Albert Almora Jr. have shared the leadoff spot and center field duties over the last week. Happ went 0-for-8 with six strikeouts in two games before passing the baton to Almora, who collected five hits and two RBI in 11 at-bats.