Frank McCourt

Frank McCourt on his time with the Dodgers: “We created value there . . . “

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Frank McCourt, who bought the Dodgers with mountains of debt, mismanaged the team into bankruptcy and engaged in financial conduct which led to a federal grand jury investigation, has amnesia. Or suffers from delusions. Something along those lines anyway. I mean, how else can you explain the characterization of his tenure as Dodgers owner he made today:

“You know what happened with the Dodgers,” said McCourt, who in 2012 sold the Major League Baseball team for a record $2.15 billion to a group that includes executives from Guggenheim Partners. “We took a franchise losing almost $60 million per year and ended up selling it for the highest price ever paid for a sports franchise. We created value there and we plan to do the same thing here.”

Those comments came today when it was announced that he has purchased a 50% stake in the Global Champions Tour, an international show jumping series that draws top riders and horses.

“We created value,” he says. Bollocks. He lucked his way into “value” due to fortunate timing that he neither predicted nor did anything himself to help bring about. He wanted to keep the Dodgers, but was forced to sell due to his divorce and his crushing debt load and because he had totally worn out his welcome in Major League Baseball, which is really, really hard for an owner to do. It just so happened that all of that came to a head when the Dodgers’ TV rights deal opened up and the local rights bubble reached what is likely its apex. Yes, a famous Dodgers executive once said that luck is the residue of design, but in McCourt’s case he was only able to take advantage of his great financial luck due to his enormous incompetence.

So good luck, Global Champions Tour. Here’s hoping that, among the many other things Frank McCourt has been wrong about, he is wrong about his desire “to do the same thing here.” Because while the Dodgers withstood it just fine, I wouldn’t count on it happening twice.

(Thanks to Sarah D. for the heads up)

 

Rangers sign Carlos Gomez to a one-year, $11.5 million deal

ARLINGTON, TX - OCTOBER 07:  Carlos Gomez #14 of the Texas Rangers looks on in the seventh inning against the Toronto Blue Jays in game two of the American League Divison Series at Globe Life Park in Arlington on October 7, 2016 in Arlington, Texas.  (Photo by Scott Halleran/Getty Images)
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Ken Rosenthal of FOX Sports reports that the Rangers have signed outfielder Carlos Gomez to a one-year deal. Joel Sherman of the New York Post reports that Gomez will earn $11.5 million next season.

Gomez, 31, struggled with the Astros to a .594 OPS before the club released him in mid-August. The Rangers signed him shortly thereafter and were immediately rewarded. Gomez hit .284/.362/.543 with eight home runs and 24 RBI in 130 plate appearances through the end of the regular season.

As presently constructed, Gomez would likely take over in center field with Nomar Mazara handling left and Shin-Soo Choo in right.

Report: Diamondbacks close to signing Fernando Rodney

MIAMI, FL - AUGUST 24: Fernando Rodney #56 of the Miami Marlins celebrates after the game against the Kansas City Royals at Marlins Park on August 24, 2016 in Miami, Florida. (Photo by Rob Foldy/Getty Images)
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Jon Heyman of FanRag Sports reports that the Diamondbacks are close to signing free agent reliever Fernando Rodney.

Rodney, 39, has been inconsistent over the past two seasons. This past season, he was lights-out with the Padres, posting a 0.31 ERA in 28 appearances. After the Marlins acquired him at the end of June, he struggled to a 5.89 ERA in 39 appearances.

Brad Ziegler, who closed for the Diamondbacks in the first half last season, went to the Red Sox in a midseason trade and is now a free agent. The Diamondbacks had six other relievers register a save, but only Daniel Hudson and Jake Barrett recorded more than one. Adding Rodney will give the club some stability in the ninth inning.