The bill to tax payers for bond-funded stadiums? $4 billion

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Whenever the subject of publicly-financed ballparks and stadiums comes up someone always makes the distinction that so-and-so’s ballpark wasn’t paid for with taxpayer dollars but, rather, was paid for with municipal bonds.

Muni bonds, however, are not free.  As Bloomberg notes, just because the money doesn’t come from a city or state’s general fund doesn’t mean taxpayers aren’t footing the bill. They are, because the interest paid to investors on such bonds are not taxable. The result:

Tax exemptions on interest paid by muni bonds that were issued for sports structures cost the U.S. Treasury $146 million a year, based on data compiled by Bloomberg on 2,700 securities. Over the life of the $17 billion of exempt debt issued to build stadiums since 1986, the last of which matures in 2047, taxpayer subsidies to bondholders will total $4 billion, the data show.

Stadiums which directly enrich millionaire and billionaire sports owners and their allied businesses.

Umpire ejects Adrian Beltre for moving on-deck circle

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As far as ejections go, this is one of the stranger ones you’ll hear about. Rangers third baseman Adrian Beltre was ejected in the bottom of the eighth inning of a game his team trailed at the time 18-6. Beltre was a few feet away from the circle towards home plate and was asked by Marlins pitcher Drew Steckenrider to get into the circle. So rather than step a few feet back to his right, Beltre picked up the circle and dragged it to where he was. And that got him ejected by second base umpire Gerry Davis. Manager Jeff Banister was also ejected after having a word with Davis.

Here’s a video from Jeff Passan of Yahoo Sports:

Beltre, by the way, went 3-for-3 with a walk, a pair of doubles, and a solo home run. He’s now four hits away from 3,000 for his career.

Video: Phillies prospect J.P. Crawford hits an inside-the-park grand slam

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Phillies shortstop prospect J.P. Crawford’s stock has fallen sharply this season. He had an abysmal first three months, batting .203/.321/.276 in 291 plate appearances. Baseball America rated him the 12th overall prospect in baseball going into the season and rated him No. 92 in their midseason top 100. It was bad.

Since the calendar turned to July, however, Crawford has been more like his normal self. In 92 at-bats this month entering Wednesday night’s action, he was hitting .300/.391/.650 with six home runs, 13 RBI, 18 runs scored, and a terrific 15/12 K/BB ratio.

Crawford padded his stats more on Wednesday night as he circled the bases for an inside-the-park grand slam. Via the IronPigs Twitter:

Crawford was actually dead-to-rights at home, but he fooled the catcher with a great late slide.

Crawford finished 1-for-3 with a walk along with the slam on the night as the IronPigs beat the Gwinnett Braves 8-2.