We weren’t expecting that.
Jon Heyman reports that the Braves have traded Derek Lowe to the Cleveland Indians. Buster Olney says that the Braves will eat $10 million of the $15 million left on Lowe’s contract and that the Indians will send back “second tier” player(s) in return. UPDATE: The player going from Cleveland to Atlanta is left handed reliever Chris Jones. No, I dunno either.
Lowe had a horrendous 2011 season, going 9-17 with a 5.05 ERA and a WHIP of 1.508, though there is some suggestion that he was a touch better than that record and ERA would lead you to believe. Still, he’s not been good and he’s in a downward trajectory, as a good late run in 2010 helped salvage what, to that point, had been an equally suspect season.
It would appear that the best thing Lowe has going for him right now is durability, in that he’s made at least 32 starts a year for a solid decade. Which, while not nothing, is not much to pin one’s hopes on. Lowe will turn 39 on June 1st, after all, so you can’t really count on him having too many more bounceback seasons, can you?
That said, for the Indians, a $5 million gamble is not a terrible one. For the Braves, not having Derek Lowe throw actual pitches in baseball games and saving $5 million is pretty OK under the circumstances too. So, while it’s too much to call this “win-win” we can probably call it “not-lose-not-lose.”
Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.
The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:
That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.
Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.
Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.