That’s free and clear, after paying taxes and taking an offset for the debt assumed by the Dodgers’ new owners, reports Bill Shaikin of the L.A. Times.
We know this because he’s in court right now, trying to fight off a challenge from Jamie McCourt. Jamie is now trying to get a better deal than the one she walked away with when they settled their divorce. Her deal: $131 million, tax free. She now claims that Frank committed fraud when they settled, misleading her as to the value of the team. Of course, at the time, most folks thought she was getting a pretty good deal, being able to walk away from what then appeared to be a doomed business. Which she helped doom.
As for Frank, I’m struggling to think of anyone who has done better financially while making so many dumb and questionable decisions while running a baseball team. It’s either a testament to how hard it is to go broke as a team owner or a testament to how naive I am about how capitalism works at its highest levels.
Setting their rotation for the beginning of the ALDS versus the Blue Jays, the Rangers announced that right-hander Yovani Gallardo will start Game 1 and left-hander Cole Hamels will start Game 2.
Gallardo posted a 3.42 ERA in 33 starts this season, but averaged just 5.6 innings per start and hasn’t completed six or more innings in a start since mid-August. Clearly the Rangers will be hoping for five or six innings from him before turning it over to the bullpen.
Hamels, on the other hand, averaged seven innings in his 12 post-trade starts for the Rangers, including tossing a complete-game against the Angels in the regular season finale. He’s obviously the Rangers’ best starting pitcher, but because Hamels was needed to clinch the division title in Game 162 he’s not available to start Game 1 of the playoffs.
In the seemingly never-ending trend of front office officials getting new titles, the Cleveland Indians just announced that General Manager Chris Antonetti has been promoted to President of Baseball Operations and Mike Chernoff is now the GM.
Antonetti has been the Tribe’s GM for the past five years and is moving up in the wake of team president Mark Shapiro moving on to Toronto. Shapiro, however, also held business side responsibilities which Antonetti will not assume. Meaning, as before, he will be the top guy on baseball ops decisions, albeit with a grander title.
Chernoff has been an assistant GM for five years and has been with the organization for the past 12 years. As many new GMs these days he will, functionally speaking, still be an assistant when it comes to baseball decisions.