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.
The Miami Marlins have sent reliever David Phelps to the Seattle Mariners in exchange for four prospects. MLB.com’s Mark Feinsand and Ken Rosenthal had rumors of the deal first, Jon Morosi, Jeff Passan and Jon Heyman (among others) all reported the trade at virtually the same time.
Phelps, 30, had a fantastic 2016 season, posting a 2.28 ERA in 64 games while striking out 11.8 batters per nine innings. He’s not been as strong this year, but he’s still been a solid setup man, posting a 3.45 ERA in 44 games while striking out 51 batters and walking 21 in 47 innings. He throws in the mid-90s and induces grounders. The Mariners could probably use rotation help more than bullpen help, but solid innings are solid innings at one point and improving your pen takes some of the pressure off of your rotation. Phelps will help Seattle with that. He’s under team control for next year too, so this is more than a rental.
The top prospect in the deal is Brayan Hernandez, a 19 year-old outfielder from Venezuela, currently playing in low-A ball. Also in the deal: righty Brandon Miller, righty Pablo Lopez and righty Lucas Schiraldi who, yes, is the son of ex-big leaguer Calvin Schiraldi. None of these guys are blue chippers, but you never know what’ll happen. It’s a volume return for the Fish.
We’ve already seen some big bullpen names move, including David Robertson, Sean Doolittle and Ryan Madson. Among others who could be moved: A.J. Ramos (Marlins); Justin Wilson (Tigers); Addison Reed (Mets); Jerry Blevins (Mets); Brad Hand (Padres); Tony Watson (Pirates); Juan Nicasio (Pirates); Brad Brach (Orioles); Drew Storen (Reds); and Raisel Iglesias (Reds).
Corey Sager homered in the Dodgers’ win over the White Sox last night. It was his 45th career homer, 44 of which have come while playing shortstop. While that’s great given that the guy has only played in 270 games, it’s not a lot of homers in an absolute sense. Thousands of players have more homers than that, obviously. Baseball has been around for a long time!
But it’s enough to set a record. A Los Angeles Dodgers record, specifically, for the most homers from a shortstop. It puts Seager past Rafael Furcal, who hit 43 while wearing Dodger blue. The record for the franchise, including Brooklyn, is Pee Wee Reese, who hit 122.
It seems astounding that no other Dodgers shortstop has hit more than 44 homers in the nearly 60 years since the club has been in Los Angeles, but it’s true. If you had asked me before I saw the factoid mentioned on Twitter I would’ve bet my life that Bill Russell would’ve had more. Not because he had any power — he was, in fact, one of the more punchless players of his era — but because he simply played in L.A. so long, logging 1,746 games at short for Walt Alston and Tommy Lasorda. Nope. He only hit 46 in his 18-year career, with a handful of those coming as an outfielder. His season high is seven. Seager has hit seven homers in May of his rookie season.
Oh well, you learn something new every day.