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Mitt Romney’s sons are trying to buy a stake in the Yankees

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Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:

The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.

The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.

I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.

In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.

Giants remove pitching coach Dave Righetti

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After 18 years, 12 winning seasons, seven postseason runs and three World Championships, Dave Righetti is no longer a pitching coach for the Giants. He was removed from his post on Saturday, when the team announced a few reassignments as they shake up their coaching staff. Heading into the 2018 season, Righetti will serve as special assistant to general manager Bobby Evans, former bullpen coach Mark Gardner will step into a similar special assistant role to “assist in pitching evaluations,” and former assistant hitting coach Steve Decker will take a special assistant role in baseball operations.

According to MLB.com’s Chris Haft, Righetti was the longest-tenured pitching coach in the big leagues. He helped shape the careers of notable Giants’ aces like Madison Bumgarner, Tim Lincecum and Matt Cain — all Cy Young contenders (and, in Lincecum’s case, a two-time winner) at various points in their careers. He was there to assist Ryan Vogelsong during his stunning mid-career comeback in San Francisco. He helped newcomers like Chris Stratton and Ty Blach flourish even as the team stumbled to the bottom of the division. He was there to take the credit when a sterling rotation clinched the Giants’ 56-year, drought-snapping championship title in 2010 — and, when things went so horribly south in 2017, he took the blame as well.

Hardly anything went right for the Giants’ pitching staff in 2017. Madison Bumgarner was shelved after sustaining a serious shoulder injury in a dirt bike accident, Johnny Cueto couldn’t shake a cluster of blisters on his right hand and Mark Melancon found it difficult to justify a $62 million paycheck after pitching through an arm injury to four blown losses/saves and a 4.50 ERA. It would be a lot for any pitching coach to stay on top of, and given the team’s rapid descent from 2016 postseason contenders to last-place finishers in 2017, it’s not surprising that Evans felt the need to switch things up.

Successors have yet to be named for Righetti, Gardner or Decker, though Murray hears that the Giants could have interest in former major league pitching coach Jim Hickey. NBC Bay Area’s Alex Pavlovic adds that Evans is searching for someone to “put a new voice” on the pitching staff and will likely target someone who, like Righetti, brings considerable experience to the role.