Marlins Park to eventually cost Miami taxpayers $1.2 billion

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The Miami Herald takes a look at the bonds that paid for Marlins Park and reveals their true cost to Miami taxpayers:

Miami-Dade borrowed about $400 million in that deal by selling bonds on Wall Street. During the commission discussion on the Dolphins plan, Mayor Carlos Gimenez mentioned one set of stadium bonds worth about $90 million would cost more than $1 billion to pay back. We at the ETM thought: Can that be true? The answer: yes.

Click through to read the gory details. Then never, ever believe a politician who claims that it’s a good idea to invest public dollars in a stadium project again.

Report: Red Sox, J.D. Martinez close to a deal

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Jon Heyman of FanRag Sports reports that the Red Sox and outfielder J.D. Martinez are close to a deal. He takes care to note that the deal is not done yet and the details are not known yet.

Martinez, 30, entered the offseason as the top free agent hitter. Last season, between the Tigers and Diamondbacks, he hit a lusty .303/.376/.690 with 45 home runs and 104 RBI in 489 plate appearances. He missed the first 33 games of the season with a sprained right foot; one wonders what his numbers might’ve been like if he hadn’t been injured.

The Red Sox were the team most strongly linked to Martinez throughout the offseason, despite the relatively slow-moving market. Martinez said he wants to play in the outfield and the Red Sox are currently spoken for at all three positions with Andrew Benintendi, Jackie Bradley, and Mookie Betts. Hanley Ramirez is also penciled in at DH. Should the Martinez deal become official, the Red Sox may try to trade Bradley and move Benintendi to center field.

The AL East is shaping up to be a familiar two-horse race between the Red Sox and Yankees. The addition of Martinez, in a way, answers the Yankees’ addition of Giancarlo Stanton.