The McCourt Divorce could kill the Dodgers in the short term

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Recently-fired Dodger CEO Jamie McCourt filed for divorce from Dodger
owner Frank McCourt yesterday. Or I should say alleged Dodger co-owner
Jamie McCourt filed for divorce from alleged Dodger co-owner Frank
McCourt, because ownership of the Dodgers is clearly the big deal here.
If you’re into this sort of thing you can read the papers in their entirety here.

If that’s too long for you — and at 137 pages, it just may be — you can read the still-too-long breakdown I did of it over at my other blog last night. That’s probably still too much to read too, but the World Series doesn’t start until later tonight, so you’ve got some time to skim if you’re interested. In the meantime, some general observations based on the divorce filing:

First, it’s impossible to say who’s right and who’s wrong based on reading a single filing in a massive lawsuit, but if even a portion of the allegations regarding how Frank McCourt pushed Jamie McCourt out after they seemed to have built their financial fortunes together over 30 years are true, Jamie is going to walk away from this with half the Dodgers, which could either force the team’s sale, or force Frank to buy her out and run the team on a shoestring. Or, now that I come to think of it, force Jamie to buy Frank out and run the team on a shoestring.

Which of those things will happen? Well, according to Jamie, the McCourts are worth $1.2 billion, with $800 million of that worth being the value of the Dodgers. Assuming for a minute that those numbers are accurate, and assuming that Jamie is found to be the co-owner of the team as of right now, whoever walks away from the ownership in the divorce will have to either (a) pay the other all of their remaining total assets; or (b) go into hundreds of millions of dollars in debt. That suggests sale to me, though I’m sure there are some other creative options I’m not considering at the moment.  All of the options, however, would lead to ownership upheaval in some form or another.

The second observation is that, based on Jamie McCourt’s description of the Dodgers’ owners’ lifestyle — constant private jet travel at $12K an hour, hotel rooms which never cost under $1000 a night,  six dinners out a week at $400+ a pop, etc. etc. — I’m going to get medieval on anyone who suggests the players are the greedy ones who make
too much money to play a kid’s game.  No player in the game lives anything close to a lifestyle as opulent as the current Dodgers owners do, and I’m certain that all of them work just as hard at what they do as the McCourts do for their money. Everyone in the game is pretty rich, people, and it’s a business. Nothing makes that more clear than the details Jamie McCourt provides regarding the inner workings of the Dodgers here.

Oh, one final observation: don’t ever, ever, ever get married.

Yankees trade Sonny Gray to the Reds

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The deal was much talked about all weekend and now the deal is done: The Cincinnati Reds gave acquired starter Sonny Gray and lefty Reiver Sanmartin from the Yankees in exchange for second base prospect Shed Long and a 2019 competitive balance pick.

The key to making the deal happen: Gray agreeing to a a three-year, $30.5 million contract extension. The Reds will likewise hold a $12 million club option for 2023. The deal had been struck and a window granted through close of business today to get Gray to agree to the extension and, obviously, he has.

The Reds will get a pitcher coming off of a bad season in which he posted a disappointing 4.90 ERA in 23 starts and seven relief appearances. He was hammered particularly hard in Yankee Stadium but pitched better on the road. Great American Ballpark is not a great pitcher’s park itself but any change of scenery would be nice for Gray, who had become much unwanted and unloved in New York. In Cincinnati he has the assurance of a spot in the rotation and, even better for him, he will be reunited with his college pitching coach, Derek Johnson, who joined new manager David Bell’s Reds staff earlier this offseason. If he bounces back even a little bit, the Reds will have a useful starter at a below market price for four years. If he doesn’t, well, they haven’t exactly gone bankrupt taking the chance.

The Reds will also get Reiver Sanmartin, 22, who started in the Rangers system before being traded to the Yankees. He’s a soft-tosser who figures to be a reliever if he makes the big leagues. He played at four different levels last season, with one game at Double-A and the rest below that, posting a composite 2.80 ERA in 10 starts and 13 overall appearances while striking out 7.8 batters per nine.

The Yankees will get Shed Long, who is ranked as the Reds’ seventh best prospect. The 23-year old second baseman hit .261/.353/.412 at Double-A in 2018 and has hit very close to that overall line for his entire six-year minor league career. He strikes out a bit and may not stick at second base long term, shifting to a corner outfield slot perhaps, but he’s a legitimate prospect.

The Reds get another starter with some upside. The Yankees get rid of a problem and gain a prospect and a draft pick. Sonny Gray gets some job and financial security at a time when it is not at all clear what his future holds. Not a bad baseball trade.

UPDATE: Welp, the Yankees don’t have a prospect anymore. They just traded long to the Mariners for outfielder Josh Stowers. Stowers was a second-round pick in last year’s draft. He’s 21 and batted .260/.380/.410 with five homers and 20 steals over 58 games in Short-Season ball in 2018. He’s ranked by MLB.com as the Mariners’ No. 10 prospect, but now he’s New York bound.