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.
If it were up to him, Blue Jays third baseman Josh Donaldson would finish the remainder of his career in Toronto. In fact, he’d be “ticked pink” if the club decided to sign him to a long-term deal. Whether the Blue Jays share that sentiment is still unclear, as Donaldson said Saturday that the team has yet to engage his agent in extension talks.
“I’ve said that I wanted to be here,” he told MLB.com’s Gregor Chisholm. “That’s pretty much all I can say. I’m not the one who makes the decisions, nor would I try to put them in the position to do that. Like I said, I believe the situation will become more fluid when the time is right.”
That doesn’t necessarily mean an extension is out of the question. The Blue Jays reached an unprecedented one-year, $23 million agreement with the three-time All-Star in arbitration, and have been reticent to field trade offers despite continued interest from the Cardinals this winter.
Donaldson, 32, is poised to enter his eighth season in the majors and fourth with the Blue Jays. In 2017, he batted .270/.385/.559 with 33 home runs and a .944 OPS in 496 plate appearances, ranking sixth among all major league third baseman with 5.0 fWAR. He’s scheduled to enter free agency following the 2018 season.