The biggest reason the sale of the Texas Rangers still hasn’t gone final is because the team’s creditors are angry that all kinds of cash is coming off the top of the deal to go to Tom Hicks and others, leaving less for them. One of the “others,” SBJ reports today, is a deferred compensation fund that the Rangers are required to maintain pursuant to the Collective Bargaining Agreement. Yeah, they’ve been defaulting on that:
The Texas Rangers have been
in violation of baseball’s collective-bargaining agreement since at least last
season for failing to pay $39.55 million into a deferred compensation fund,
according to a letter sent on Oct. 22, 2009, by MLB executive vice president
Rob Manfred to the bidders for the ballclub. The MLBPA is aware of the
situation, Manfred wrote in the letter, and the union’s executive director,
Michael Weiner confirmed, in response to SportsBusiness Journal questions.
Weiner confirms that the team has not yet defaulted on any specific deferred compensation obligation (i.e. all players who have such arrangements have gotten all of their checks) but a violation is a violation, and if and when Chuck Greenberg gets the team, he’s going to have to replenish that fund with a cash payment.
There’s that word again. “Cash.” The thing that some have reported this deal is short on. The thing that is still keeping the creditors from signing off on the sale. You read stuff like this and you can’t help but wonder whether Greenberg has enough on the table right now.
MILWAUKEE — The Brewers had two players and a staff member test positive for the coronavirus at their alternate training site in Appleton, Wisconsin.
Milwaukee president of baseball operations David Stearns confirmed the positive results Saturday and said they shouldn’t impact the major league team. Teams are using alternate training sites this season to keep reserve players sharp because the minor league season was canceled due to the pandemic.
Stearns said the positive tests came Monday and did not name the two players or the staff member. Players must give their permission for their names to be revealed after positive tests.
The entire camp was placed in quarantine.
“We have gone through contact tracing,” Stearns said. “We do not believe it will have any impact at all on our major league team. We’ve been fortunate to get through this season relatively unscathed in this area. Unfortunately, we weren’t able to get all the way there at our alternate site.”
Milwaukee entered Saturday one game behind the Reds and Cardinals for second place in the NL Central, with the top two teams qualifying for the postseason.
The Brewers still will be able to take taxi squad players with them on the team’s trip to Cincinnati and St. Louis in the final week of the season. He said those players have had repeated negative tests and the team is “confident” there would be no possible spread of the virus.
“Because of the nature of who these individuals were, it’s really not going to affect the quarantine group at all,” Stearns said. “We’re very fortunate that the group of players who could potentially be on a postseason roster for us aren’t interacting all that much with the individuals that tested positive.”