Cubs “confident” they’ll get a deal done with Kris Bryant

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With only five days remaining until the deadline to sign this year’s draft picks the Cubs and No. 2 overall pick Kris Bryant are still negotiating.

Here’s what general manager Jed Hoyer told Carrie Muskat of MLB.com:

There’s no update. We basically have four or five days left of discussions. We’re confident we’ll get it done. We’ll make it an exceptionally fair offer. If Kris wants to be a Cub and be a professional baseball player, I’m confident we’ll get a deal done. Sometimes it takes a deadline to make a deal, and we have a deadline coming up shortly. In a lot of ways, I think it’s a plus at this point.

The slot recommended bonus for the No. 2 pick is $6.7 million, but as of two weeks ago there were reports of the two sides being “nowhere close to a deal” as Bryant tried to exceed that amount. As a junior he could always go back to San Diego for another season, but it’ll be very difficult for Bryant to improve upon his ridiculous numbers this year and it’s pretty hard to move up a whole lot higher than the No. 2 pick anyway.

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.