For as ugly as the Dodgers stuff has gotten, there was always the two-steps-back reality check for Frank McCourt: if he pulled the rip cord he could still walk away personally wealthy given how much more the Dodgers are worth now than when he bought them.
Except, according to this report by Bill Shaikin of the Los Angeles Times, his debts and tax liabilities are more than most folks presume and — if forced to sell — he could walk way with nothing to show for the past seven years of his life:
McCourt bought the Dodgers for $421 million seven years ago, and the team arguably has doubled in value since then. Yet McCourt’s decision to take the Dodgers into bankruptcy means he could be forced to walk away from the team with absolutely nothing … If the long-term debts funded by Dodgers revenue are $550 million, if the Dodgers exhaust their bankruptcy financing, and if a sale results in the maximum tax liability stated by Frank McCourt, then the team would need to sell for $900 million just for McCourt to break even.
I know. I’d be just as crushed as you would be if such a thing happened.
CC Sabathia‘s contract is set to expire this offseason, but for the long-tenured left-hander, nowhere feels more like home than New York. “I want to see this through,” Sabathia told reporters after a devastating Game 7 loss in the ALCS. “This is where I want to play.” Yankees’ GM Brian Cashman spoke warmly of the veteran starter, but would make no public guarantees that he’d return to the team next spring.
Sabathia, 37, just topped off his 17th season in the big leagues and his eighth career postseason run. He went 14-5 in 27 starts and put up a 3.69 ERA, 3.0 BB/9 and 7.3 SO/9 in 148 2/3 innings, good for 1.9 fWAR. He looked solid in the playoffs, too, propelling the team to a much-needed win in Game 5 of the ALDS and returning in the Championship Series with six scoreless innings in Game 3. His season ended on a sour note during Game 7, however. He lasted just 3 1/3 innings against a dynamic Astros’ offense, allowing one run on five hits and three walks and failing to record a single strikeout for the first time in 23 career postseason appearances.
Heading into the 2017 offseason, Sabathia finally arrived at the end of his seven-year, $161 million deal with the Yankees. While he’s repeatedly expressed a desire to keep pitching, despite rumors that his career might be on the rocks following the diagnosis of a troublesome degenerative knee condition, the decision isn’t his alone to make. Brian Cashman will also be seeking an extension with the Yankees this winter, so it’s difficult to say which impending free agents the club will try to retain — and Sabathia’s name isn’t the only one on that list. If it were up to skipper Joe Girardi, who is awaiting a decision on his own future with the organization, the decision would be a no-brainer. From MLB.com’s Bryan Hoch:
CC will always be special to me because of what he stands for and the great player that he is, the great man that he is,” Girardi said. “The wonderful teammate that he is. How he pulls a team together. He’s as good as I’ve ever been around when it comes to a clubhouse guy, a guy that will take the ball when you’re on a losing streak or that you can count on, and knowing that it could be the possible last time.