As I type this, a big hearing is going down in the Dodgers’ bankruptcy case. It’s the one in which — or after which — it will be decided who gets to bankroll the Dodgers’ operations during the pendency of the case. Frank McCourt and the $150 million loan he has obtained or Major League Baseball and the $150 million — and possibly more in the future — it has offered to extend to the Dodgers.
As we’ve noted several times, on purely financial terms MLB’s financing is better. Lower interest and no up-front fees like that McCourt would have to pay for his proposed financing. And that matters, because the more money lost to such costs, the less available to creditors of the bankrupt Dodgers (and the interest of the creditors is the primary interest being served in bankruptcy).
Over the past few weeks McCourt has been trying to compensate for these differences by arguing that MLB’s financing is part of a plot by Bud Selig — who he called “the devil” in a filing earlier this week — to shove McCourt aside as the team’s owner. Meanwhile, the creditors and the trustee representing them have asked the judge not to approve McCourt’s financing. It’s been a pretty ugly little battle. (UPDATE: right after I wrote this, the creditors withdrew their objections, noting that McCourt’s financier has lowered the interest rate a point).
But it likely won’t be resolved by a simple decision from the judge, approving one loan and rejecting the other. As Bill Shaikin notes in a very useful primer of today’s hearing, the judge could ask for modifications to either side or go in a totally different direction if he wants.
What is clear, however, is that if one side’s financing is clearly favored, that side will have a much greater hand in steering the future course of the Los Angeles Dodgers.
In a special for USA TODAY Sports, Mike Vorkunov details how six teams — the Mets in particular — provide an education program that helps their Dominican prospects earn high school diplomas. It seems like an obvious win-win: smarter players make smarter decisions, making them more likely to achieve their potential as athletes. That, of course, requires spending money, which is why only six teams make the investment. For the players, if baseball doesn’t work out, they are better able to support themselves in other ways.
Vorkunov lists the Pirates, Tigers, Phillies, Diamondbacks, and Mariners as the other teams who provide an education program for their Dominican prospects. We learned earlier this month that the Phillies were also investing in making sure their minor leaguers eat healthy. As Matt Gelb of the Philadelphia Inquirer reported, “few teams” supply their minor league players with healthy food options.
Juan Henderson, the head of the Mets’ Dominican academy, said, “We see the benefit of it. I gotta tell you, we’re working with a new generation of baseball players. You see in the past that players just carry a bat and a glove and a helmet on the baseball field and in the academy. Those years, I think, are going to be pretty much over. Now they also do that, but they also carry books, they also carry an iPad, they also carry a laptop.”
Kudos to the six teams for making a great decision and here’s hoping the other 24 teams follow suit.
Angels first baseman Albert Pujols cranked out a two-run home run in the third inning against Rangers starter Derek Holland, breaking a scoreless tie. It’s the ninth homer of the season for Pujols and the 569th of his career, putting him into a tie with Rafael Palmeiro for 12th on baseball’s all-time home run leaderboard.
Harmon Killebrew is Pujols’ next target at 573, followed by Mark McGwire at 583 and Frank Robinson at 586.
Pujols hadn’t homered since May 13. He entered Monday night hitting a mediocre .228/.309/.395 with eight home runs and 28 RBI in 188 plate appearances.
Monday has unfortunately been a day of injury news. Royals outfielder Alex Gordon is the latest to hit the 15-day disabled list, as he has been diagnosed with a fractured scaphoid bone in his right wrist. The club has recalled infielder Cheslor Cuthbert from Triple-A Omaha.
Gordon suffered the injury colliding with third baseman Mike Moustakas attempting to catch a fly ball on Sunday afternoon. He is expected to miss three to four weeks, MLB.com’s Jeffrey Flanagan reports.
Gordon was having a tough 2016 campaign and the injury only makes it worse. He’s hitting .211/.319/.331 with four home runs and 10 RBI in 166 plate appearances on the year.
The Royals will likely use Jarrod Dyson and Paulo Orlando in left field in Gordon’s absence.
The Orioles announced on Monday night that the club has traded reliever Brian Matusz to the Braves in exchange for minor league pitchers Brandon Barker and Trevor Belicek. The Braves are also receiving a Competitive Balance Round B pick (76th overall) in the 2016 draft.
Matusz, 29, made his season debut on April 23 after battling a back injury since early March. It’s been a struggle, as the lefty has yielded eight runs on 11 hits and seven walks with just one strikeout in six innings. He is earning $3.9 million and can become a free agent after the season.
MLB.com’s Mark Bowman reports that the Braves are expected to designate Matusz for assignment. Essentially, the Braves bought the draft pick for Matusz’s remaining salary of $3 million of $3.9 million total.
Barker, 23, has been pitching at Double-A Mississippi after getting a taste of Triple-A last year. So far this season, the right-hander has a 2.00 ERA with a 40/12 K/BB ratio in 45 innings spanning eight starts and a relief appearance.
Belicek, a 23-year-old left-hander, has spent most of the year with Single-A Rome, compiling a 2.49 ERA with a 29/1 K/BB ratio in 25 1/3 innings over 11 relief appearances.