After his long-gestating sale of the Padres to Jeff Moorad went south, John Moores is trying again:
Padres majority owner John Moores has retained investment banker Steve Greenberg to broker a sale of the club, according to a Los Angeles Times report on Saturday … Moores previously sold the Padres in January 2009 for $525 million to Moorad, who had three to five years to complete the purchase.
Given the explosion in local TV rights revenues — the Padres are just now closing a 20-year, $1 billion TV deal — that delay in the sale probably made Moores $250 million more on the sale of the team than if the Moorad deal had been consummated.
Almost makes one wonder if the failure to approve Moorad was about his financing or if, rather, it was early-seller’s remorse.
Free agent right-hander Henderson Alvarez signed a deal with the Tigres de Quintana Roo of the Mexican Baseball League earlier this week, FanRag Sports’ Jon Heyman reported Friday. The righty wasn’t necessarily too fringey a player to hack it in the big leagues, but there were no MLB takers in attendance during his showcase in Venezuela last month and he clearly felt it best to try his luck elsewhere.
The 27-year-old’s last major league gig came with the Phillies, for whom he delivered a 4.30 ERA, 6.8 BB/9 and 3.7 SO/9 over 14 2/3 innings in 2017. While he’s not too far removed from his first and only All-Star bid in 2014, he was besieged by shoulder issues in 2015 and 2016 and underwent season-ending surgeries as a result.
That added injury risk, coupled with the fact that he hasn’t pitched more than 22 innings in a single season since 2014, may have been too much for major league teams to take on this spring. Assuming he steers clear of further injuries, however, a return to the majors may not be entirely out of the question in years to come.