Major League Baseball offers a better bankruptcy financing deal

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As mentioned this morning, the first issue the bankruptcy court is going to have to decide is whether or not to allow Frank McCourt to finance Dodgers’ operations with that $150 million loan he obtained.

Also as mentioned, Major League Baseball has come up with an alternative financing arrangement, which Bill Shaikin of the Los Angeles Times just reported:  Financing at 7% interest as opposed to the 10% McCourt obtained, plus no $4.5 million fee or any other fees on top of it, like the fees wit which McCourt would saddle the team.

Bankruptcy experts, help us out: are these financing arrangements usually judged purely on the dollars (i.e. what costs the debtor the least), or is there a broader analysis in play, encompassing the source of the financing as well?  Because if it’s purely dollars, MLB would have to have it beat, one would assume.  If McCourt gets a thumb on the scale in his favor as the current owner, however, it may not matter.

The point to all of this, of course, is that if the court decides that MLB’s financing is going to rule the day, it will likely mean that McCourt’s days of calling the shots are over or soon will be.

Updates as warranted.

Phillies sign Trevor Plouffe to minor league deal

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Infielder Trevor Plouffe has signed a minor league deal with the Phillies, Gerry Fraley of the Dallas Morning News reports. Plouffe asked for and was granted his release from the Rangers earlier this month.

Plouffe, 31, had a double and a home run in 17 plate appearances with Triple-A Round Rock to start the 2018 season. He spent last year with the Athletics and Rays, putting up a meager .198/.272/.318 batting line in 100 games.

Plouffe has mostly played third base throughout his career, but can also handle the other three infield spots and both outfield corners, so he’ll serve as organizational depth at Triple-A Lehigh Valley for the Phillies.