Boston Red Sox v New York Yankees

The parking garages at Yankee Stadium are a financial black hole


Back when New Yankee Stadium was built, the team demanded that the city build parking garages to house 9,000 cars. Never mind that the ballpark is right next to a train station.

But the city agreed, issuing tax-exempt bonds to cover the costs plus subsidizing the garages to the tune of $100 million on top of that.  Now those bonds are likely going into default, reports the New York Daily News:

Bronx Parking Development LLC failed to make a $6.9 million payment due April 1 on more than $237 million in tax-exempt bonds arranged by the Bloomberg administration back in 2007.

The group, which is not connected to the Yankees, thus fell into one of the biggest defaults of a New York City-sponsored bond in decades.

Sounds like this will lead to a city bailout or a bankruptcy, leaving the bondholders and/or taxpayers holding the bag.

Just another fabulous example of what happens when the government does favors for sports teams and all common sense is thrown out the window. And when the recipients of those funds try to gouge the hell out of customers, charging them some $35 to park, which rendered the garages half empty most of the time.

How hard is it to tell a billion dollar business like the Yankees to build their own parking garages if they want them so bad?

Lloyd McClendon will return as Tigers’ hitting coach in 2017

OAKLAND, CA - JULY 05:  Manager Lloyd McClendon #21 of the Seattle Mariners looks on from the dugout against the Oakland Athletics in the top of the six inning at Coliseum on July 5, 2015 in Oakland, California.  (Photo by Thearon W. Henderson/Getty Images)
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The Tigers will promoted Triple-A manager Lloyd McClendon to hitting coach for the 2017 season, according to a statement released by the team on Friday afternoon.

McClendon’s history with the Tigers is long and storied. After serving five seasons as the Pittsburgh Pirates’ hitting coach and manager, he got his start with Detroit in 2006 as a bullpen coach, then transitioned to hitting coach from 2007 through 2013. When the Tigers hired Brad Ausmus to replace former manager Jim Leyland, McClendon took the opportunity to break from the team and pursue another managerial position of his own with the Seattle Mariners, whom he guided to a 163-161 record between the 2014 and 2015 seasons.

Following his departure from Seattle during the 2015 offseason, McClendon took a spot as skipper of the Tigers’ Triple-A club, managing the Toledo Mud Hens to a 68-76 finish in 2016. His return to the big league stage is accompanied by the hiring of assistant hitting coach Leon Durham, who previously served as the long-tenured hitting coach for Triple-A Toledo.

The international draft is all about MLB making money and the union selling out non-members

SAN JUAN, PUERTO RICO - MARCH 13:  A fan flies the Dominican Republic flag during the game against Cuba during Round 2 of the World Baseball Classic on March 13, 2006 at Hiram Bithorn Stadium in San Juan, Puerto Rico.  (Photo by Al Bello/Getty Images)
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On Monday we passed along a report that Major League Baseball and the MLBPA are negotiating over an international draft. That report — from ESPN’s Buster Olney — cited competitive balance and the well-being of international free agents as the reasons why they’re pushing for the draft.

We have long doubted those stated motivations and said so again in our post on Monday. But we’re just armchair skeptics when it comes to this. Ben Badler of Baseball America is an expert. Perhaps the foremost expert on international baseball, international signings and the like. Today he writes about a would-be international draft and he tears MLB, the MLBPA and their surrogates in the media to shreds with respect to their talking points.

Of course Badler is a nice guy so “tearing to shreds” is probably putting it too harshly. Maybe it’s better to say that he systematically dismantles the stated rationale for the international draft and makes plan what’s really going on: MLB is looking to save money and the players are looking to sell out non-union members to further their own bargaining position:

Major League Baseball has long wanted an international draft. The driving force behind implementing an international draft is for owners to control their labor costs by paying less money to international amateur players, allowing owners to keep more of that money . . . the players’ association doesn’t care about international amateur players as anything more than a bargaining chip. It’s nothing discriminatory against foreign players, it’s just that the union looks out for players on 40-man rosters. So international players, draft picks in the United States and minor leaguers who make less than $10,000 in annual salary get their rights sold out by the union, which in exchange can negotiate items like a higher major league minimum salary, adjustments to the Super 2 rules or modifying draft pick compensation attached to free agent signings.

Badler then walks through the process of how players are discovered, scouted and signed in Latin America and explains, quite convincingly, how MLB’s international draft and, indeed, its fundamental approach to amateurs in Latin America is lacking.

Read this. Then, every time a U.S.-based writer with MLB sources talks about the international draft, ask whether they know something Ben Badler doesn’t or, alternatively, whether they’re carrying water for either the league or the union.