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.
NEW YORK — With star outfielder Adam Jones nursing a tender hamstring, the Baltimore Orioles selected the contract of Julio Borbon from Double-A Bowie and optioned pitcher Mike Wright to Triple-A Norfolk.
Borbon was inserted in the starting lineup for Baltimore, batting ninth against hard-throwing New York Yankees rookie Chad Green.
“We had some other center field options,” manager Buck Showalter said. “Borbon is our best option at this point.”
Jones left Friday’s game in the second inning with a left hamstring strain. He departed the previous night’s game at Washington in the ninth inning with hamstring cramps and aggravated the injury hustling down the first base line on a soft grounder to third.
“I got a feeling that if he hadn’t had that first swinging bunt, it might not have been a problem,” Showalter indicated. “He’s not going to trot to first base as much as I talked to him about it before the game.”
Although Jones was unable to talk his way into Saturday’s lineup, Showalter speculated that he might be available to pinch-hit.
The 30-year old Borbon was 2 for 9 in five games with the Orioles earlier this season, but was designated for assignment on July 26. To create room for Borbon on the 40-man roster, pitcher Logan Ondrusek was designated for assignment on Friday.
Good news in Boston: An MRI on Red Sox outfielder Andrew Benintendi‘s left knee revealed no structural damage.
Benintendi slipped while trying to avoid a tag at second base, injuring his leg, but it appears he’s avoided a serious injury. A timetable for his return isn’t known at this point, but the Red Sox expect to get him back before the end of the season.
Benintendi is hitting .324/.365/.485 with a homer and ten RBI in 21 games.