Combination of file photos of MLB commissioner Bud Selig and Los Angeles Dodgers owner Frank McCourt

The Dodgers and MLB are in court today


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.

Yankee Stadium losing 2,100 seats, gaining party decks and stuff in offseason renovation

Yankee Stadium
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The Yankees just released a statement saying that Yankee Stadium will be undergoing “enhancements” this offseason. The enhancements include:

  • The Sunrun Kids Clubhouse, which is basically one of those “kids run around and climb on crap play areas” not unlike those you see in the middle of shopping malls. Except, of course, it’s baseball-themed. Parents of little ones will likely appreciate that. People without kids will likely watch from afar, horrified, and will check their bags for hand sanitizer before getting anywhere near it. As someone who has been on both sides of that interaction, it’s all good. It’s how it should be for all involved;
  • The MasterCard Batter’s Eye Deck which is, not surprisingly, an outdoor gathering space/bar in center field near the batter’s eye;
  • Bullpen landings which are gathering spaces/bars near the bullpens;
  • The AT&T Sports Lounge at Section 134 on the Field Level. It’s a bar with big screen TVs showing the game that is going on just outside the bar; and
  • Budweiser Party Decks at Sections 311 and 328. Which are hopefully explanatory.

Artist’s renderings here.

The park will lose around 2,000 seats to make space for these additions, but will likely make up for that and then some with added revenue from all of the Yankees fans partying on. In decks.

Jon Lester to start Game 1 for the Cubs

CHICAGO, ILLINOIS - OCTOBER 07:  Jon Lester #34 of the Chicago Cubs pitches in the sixth inning against the San Francisco Giants at Wrigley Field on October 7, 2016 in Chicago, Illinois. (Photo by Jonathan Daniel/Getty Images)
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No surprise here: the Cubs have just named Jon Lester their Game 1 World Series starter.

Lester has allowed two earned runs in 21 innings over three starts this postseason and was the co-MVP in the NLCS. Lester will face off against Indians ace Corey Kluber.

On the season Lester went 19-5 with a 2.44 ERA and notched 197 Ks against 52 walks in 202.2 innings.