Baseball is a business just like any other. And just like many other businesses — millions of them, in fact — baseball teams feel like the credit card companies hold them hostage by imposing fees every time a customer swipes their card. The Twins feel like Visa and Mastercard have gone too far in this regard:
The Minnesota Twins hit Visa Inc. and MasterCard Inc. with an antitrust suit in New York federal court Friday accusing the credit card companies of monopolizing the market by fixing swipe fees, less than two months after a landmark $7.25 billion settlement over similar claims.
The new suit, filed by Minnesota Twins LLC and a group of Minnesota retailers, alleges that the credit card giants colluded with banks that carried their credit cards to keep swipe fees high and to keep information about those fees from consumers. Visa and MasterCard also prevented retailers from incentivizing customers to use cards with lower fees, according to the complaint.
This sort of arrangement was recently the subject of one of the largest class action settlements in history. Now baseball teams are getting in on it too.
If they’re not successful, look for hastily-created “cash only” signs written in magic marker on torn cardboard at a ticket window near you.
In a recent interview with Jon Greenberg of The Athletic, White Sox third baseman Todd Frazier took a swipe at the Reds’ front office. The rebuilding Reds traded Frazier to the White Sox as part of a three-team deal this past December.
After the season, Frazier will enter his third and final year of arbitration eligibility. Frazier told Greenberg he’d like to stay with the White Sox. He praised the club’s ownership and then, unprompted, he decided to castigate the Reds’ front office.
I would love to stay here. It’s a great club, great ownership. It was very different in Cincinnati, it wasn’t good. The bottom line here is these guys know what they’re doing. I see the guys [Hahn] gets, he’s not afraid to pull the trigger. You’ve got to have a guy like that. Whether it turns out to be for the best or not, you take a chance sometimes, and I think he’s done that a lot. It’s up to Jerry [Reinsdorf, owner] and Rick [Hahn, VP/GM] and their team to figure out what they want to do and it’s up to them.
It’s not clear if there are specific incidences to which Frazier could be alluding, but it’s a very obvious piece of criticism.
Frazier, 30, has regressed a bit offensively compared to the previous two seasons, batting .213/.295/.448 with 32 home runs and 81 RBI in 532 plate appearances. The White Sox could pursue trading him during the offseason.
Update (7:20 PM EDT): John Hickey of the Bay Area News Group reports that Crisp has indeed been traded, but there won’t be an official announcement until Wednesday. Crisp has already left the Athletics’ clubhouse.
Steve Adams of MLB Trade Rumors is reporting that the Athletics and Indians are making progress on a trade that would send outfielder Coco Crisp to Cleveland. Jon Morosi of FOX Sports confirms Adams’ report. Crisp, who has 10-and-5 rights, has waived them in order to facilitate a deal.
Crisp, 36, is owed the remainder of his $11 million salary for the 2016 season and has a $13 million option for the 2017 season that vests if he reaches 550 plate appearances or plays in 130 games this season. He has already played in 102 games and logged 434 PA, batting .234/.299/.399 with 11 home runs and 47 RBI.
The Indians are still looking to bolster the outfield. Michael Brantley is expected to miss the rest of the season, Bradley Zimmer may not yet be ready for the majors, and Abraham Almonte is not eligible to play in the postseason after testing positive for boldenone in February.