The judge in the Dodgers bankruptcy case just ruled that Frank McCourt cannot use the financing he obtained from Highbridge Principal Strategies to keep the Dodgers running during their time in bankruptcy. Rather, he has ordered the Dodgers to negotiate with Major League Baseball in order to obtain financing from the league. You can read the order here.
Key from the court’s ruling was the judge’s belief that the terms of the Highbridge loan — which have Frank McCourt personally on the hook for over $5 million if it wasn’t used — “clearly compromised McCourt’s judgment.” Presumably, this means that the judge believes that McCourt was unwilling to consider superior MLB financing because to do so would personally cost him money, even if it was better off for the Dodgers and their creditors.
McCourt put his own financial interests ahead of the Dodgers’? Fancy that.
While this does not move Frank McCourt out of the owner’s chair — the judge ultimately retains authority over how money is spent during bankruptcy and specifically said in his ruling that the MLB loan could not be a vehicle via which MLB can take over the Dodgers — this is a huge win for Bud Selig and a huge loss from Frank McCourt, whose baloney is obviously not flying with this judge.
Oh, and since that Highbridge loan isn’t going to be used, McCourt just lost $5.5. million. So there’s that.
Bob Nightengale of USA TODAY reports that the Mariners have received “strong” trade interest for starter Taijuan Walker. The right-hander is currently on the mend from tendinitis in his right foot. He’ll throw a bullpen on Friday at Wrigley Field with scouts in attendance.
Walker, 23, has a 3.66 ERA with an 80/18 K/BB ratio in 86 innings this season. It’s his first bit of sustained success at the major league level. What’s arguably just as intriguing is the fact that Walker will be under team control through 2020.
The Mariners have been hovering around .500 for the last month and entered Thursday six games behind the first-place Rangers in the AL West and 4.5 games out of the second AL Wild Card slot, behind three other teams as well as the two Wild Card leaders. It’s enough uncertainty which could push the Mariners to sell.
On Monday, we learned that the Mets offered to swap catchers with the Brewers, Travis d'Arnaud for Jonathan Lucroy. The Brewers, as expected, turned that down. The two still continue to discuss a trade involving Lucroy, Ken Rosenthal of FOX Sports reports.
The Mets certainly could use some help at catcher. The club has gotten an aggregate .608 OPS from their backstops, the fourth-lowest mark in baseball, ahead of only the Pirates, Rays, and Indians. However, the Mets seem to be behind other teams — including a “mystery” team — in the bidding, according to Jon Heyman of Today’s Knuckleball.
Lucroy, who took Thursday off, is batting .300/.361/.486 with 13 home runs and 50 RBI in 371 plate appearances for the Brewers this season. He can become a free agent after the season if his controlling club opts against picking up his $5.25 million option for the 2017 season.