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.
Infielder Brett Lawrie successfully avoided arbitration and signed a one-year contract with the White Sox on Friday, per a team announcement. FanRag Sports’ Jon Heyman added that the deal was for $3.5 million, significantly lower than the $4.125 million Lawrie was paid by the White Sox in 2016.
The White Sox acquired Lawrie last December in a swap for minor league arms Zack Erwin and J.B. Wendelken. After splitting time at second and third base for the Athletics in 2015, Lawrie slotted in at second base and DH for the White Sox and batted .248/.310/.413 with 12 home runs in 384 PA. While it’s strange to see a healthy, fairly productive player receive a salary reduction in arbitration, Lawrie missed nearly half of the season with a strain in his left hamstring, though he’s projected to return at full health by the start of the 2017 season.
Left-hander Brian Duensing signed a one-year, $2 million contract with the Cubs on Friday, per a report from FanRag Sports’ Jon Heyman.
The free agent spent the bulk of his 2016 season with the Orioles after receiving a call-up from Triple-A Norfolk in early June. He underwent elbow surgery several weeks later when a freak bullpen injury revealed cartilage chips and inflammation in his pitching elbow, but recovered to finish the season with a 4.05 ERA and 10 strikeouts in 13 1/3 innings for the club. The Orioles utilized him for a final out during the AL Wild Card game, during which Duensing recorded a five-pitch strikeout in the ninth inning of their 5-2 loss to the Blue Jays.
The 33-year-old is currently expected to bulk up the Cubs’ left-handed relief corps, with fellow left-hander Mike Montgomery slated for the rotation in 2017.