Rangers sign Derek Lowe to minor league contract

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UPDATE: Evan Grant of the Dallas Morning News reports that the deal is done.

3:45 PM: Derek Lowe is close to agreeing to a minor-league deal with the Rangers, according to Evan Grant of the Dallas Morning News.

Grant seems to suggest that Lowe will make the Opening Day pitching staff, although it’s hard to imagine why that would be guaranteed for a 40-year-old coming off back-to-back seasons with an ERA above 5.00.

Lowe could start or relieve, and if he does make the team out of spring training he’d presumably be keeping a spot warm until Colby Lewis and/or Martin Perez get healthy. Last season for the Braves and Indians he posted a 5.11 ERA in 143 innings with a .321 opponents’ batting average and nearly as many walks (51) as strikeouts (55).

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.