Frank McCourt bought the Los Angeles Dodgers for $430 million in 2004. Then he chopped his team up, poured kerosene all over it, torched it, and then peed on it while the flames rose higher and higher and he still realized a 500% appreciation of his asset in less than eight years.
Bernie Madoff was inventing investment returns from whole cloth and even he didn’t have the guts to do that. Would have been far too ridiculous. Meth dealers don’t get that kind of return. Maybe the cash doesn’t flow in as much as some owners would like, but they are all sitting on crazy-appreciating assets. Owning a baseball team is a license to print money, even if you haven’t a clue of what you’re doing.
So I guess what I’m saying is, the next time you hear the owner of a major league baseball team cry poor, the next time you hear an owner say that they can’t sign that player everyone likes, the next time you hear an owner say that the taxpayers need to give him a publicly-funded ballpark or else the world will end, please remember the $2.15 billion sale of the Los Angeles Dodgers and kindly call b.s. on that noise.
The Cubs announced on Wednesday that pitcher Brett Anderson was activated from the 60-day disabled list and subsequently designated for assignment to open up a spot on the 40-man roster.
Anderson, 29, had been out since May 7 with a lower back strain. Across six starts prior to the injury, the lefty yielded 20 earned runs on 34 hits and 12 walks with 16 strikeouts in 22 innings. He has logged just 33 1/3 innings over the last two seasons and has crossed the 50-inning threshold just since dating back to 2011.
Despite his lengthy injury history, Anderson will likely still draw some interest once he becomes a free agent as he throws with his left hand and can be had for the major league minimum salary.
Reds infielder Dilson Herrera will undergo surgery to remove bone spurs from his right shoulder. His season is over.
Herrera, you may recall, was acquired from the Mets in the Jay Bruce trade last year. He played in 49 games for the Mets, but spent all of last year and this year in the minors. In parts of seven minor league seasons he’s hit .295/.357/.461 with 67 homers and 87 stolen bases in 631 games.
Herrera, one time a top-5 prospect of the Mets, was expected to play in the bigs this year, but hasn’t. He was expected to challenge for the starting second base job for the Reds next year, but that’s obviously in doubt now. The worst part: he’ll be out of minor league options next year, so the Reds will be pressured to either put him on the big league roster fresh off an injury or else risk losing him via waivers, which I suspect he’d be unlikely to clear.