According to the Associated Press, former player agent and Arizona Diamondbacks CEO Jeff Moorad has become essentially a 50-percent partner in owning the San Diego Padres.
Moorad made a $45 million wire transfer (what, no PayPal?) to John Moores today to give his ownership group a 50 percent stake. Moorad, who has been Padres CEO and a minority owner for the past year, will also hold a 30 percent stake in ownership of Petco Park.
I’m not sure what impact this will have on the Padres’ financial situation, but while people are handing out $45 million wire transfers, it might make sense for someone to find out Adrian Gonzalez’s bank account number and send a couple his way.
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Giants catcher Buster Posey will likely undergo season-ending surgery on his ailing right hip, which has bothered him since May, John Shea of the San Francisco Chronicle reports. Executive VP of baseball operations Brian Sabean said it’s a “safe assumption” that Posey will go under the knife. The procedure would clean out bone spurs and address the labrum, which is the soft tissue around the hip socket.
Posey didn’t start Sunday’s game and went 1-for-6 on Monday against the Mets. He’s batting .286/.360/.386 with five home runs and 40 RBI in 439 plate appearances this season. It will go down as his least productive season among those in which he has appeared in 100 games.
Nick Hundley would take over full-time catching duties if Posey were to have his season cut short. Hundley has performed decently, hitting .247/.296/.452 with nine homers and 30 RBI in 199 PA.