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.
Just saw this from last night’s Tigers-Rangers game. It was pretty wild.
Rougned Odor walked in the seventh inning. He broke for second on a steal and was safe due to the throw going wild, allowing him to reach third base. The Tigers called on reliever Daniel Stumpf and he was effective in retiring the next two batters, leaving Odor on third with two out.
Stumpf, a lefty, was paying no attention whatsoever to Odor, so Odor just took off for home, attempting a straight steal. Stumpf was so surprised that he tried to throw home to nail Odor, and in so doing, he balked. That technically means that Odor scored on the balk, but I think it’s safe to say he would’ve scored on the strait steal regardless. Watch:
He definitely gets points for style.
Yankees closer Aroldis Chapman looked shaky again last night, coming in to the game with a three-run lead before allowing a two-run homer to the Mets’ Amed Rosario. He would nail down the save eventually, giving Sonny Gray his first win as a Yankee, but Chapman’s struggles were the talk of the game afterward.
It was the third appearance in a row in which Chapman has given up at least one run, allowing five runs on three hits — two of them homers — and walking four in his last three and a third innings pitched. He’s also hit a batter. That’s just the most acute portion of a long slide, however. He posted a 0.79 ERA in his first 12 appearances this year, before getting shelled twice and then going on the disabled list with shoulder inflammation, missing over a month. Since returning he’s allowed 12 runs — ten earned — in 23 appearances, breaking out to a 4.09 ERA. He’s also walked ten batters in that time. At present, his strikeout rate is the worst he’s featured since 2010. His walk rate is up and he’s allowing more hits per nine innings than he ever has.
It’s possible that he’s still suffering from shoulder problems. Whether or not that’s an issue, he looks to have a new health concern as he appeared to tweak his hamstring on the game’s final play last night when he ran over to cover first base. Chapman told reporters after the game that “it’s nothing to worry about,” and Joe Girardi said that Chapman would not undergo an MRI or anything, but he was clearly grimacing as he came off the mound and it’s something worth watching.
Also worth watching: Dellin Betances and David Robertson, Chapman’s setup men who have each shined as Yankees closers in the past and who may very soon find themselves closing once again if Chapman can’t figure it out. And Chapman seems to know it. He was asked if he still deserves to be the closer after the game. His answer:
“My job is to be ready to pitch everyday. As far as where I pitch, that’s not up to me. If at some point they need to remove me from the closer’s position, I’m always going to be ready to pitch.”
That’s a team-first answer, and for that Chapman should be lauded. But it’s also one that suggests Chapman himself knows he’s going to be out of a closer’s job soon if he doesn’t turn things around.