MLB is pushing Hicks' creditors to sign-off on the Rangers sale

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Jeff Wilson of the Star-Telegram reports that MLB is stepping in to the Tom Hicks-HSG Creditors dispute in an effort to get the Rangers sale locked down:

The last obstacle delaying the sale of the Texas Rangers could be
cleared this week, thanks to an assist from Major League Baseball. Sources
confirmed that the lenders who hold $525 million in Hicks Sports
Group debt were sent a request from MLB to reach a settlement with HSG by the end of the week.
An
agreement would allow the deal in place with Chuck Greenberg and Nolan Ryan to move forward toward final approval from baseball’s club
owners.

Look, I know I’ve been critical and pessimistic about this deal for a long time, but believe me when I say that I don’t mean to be pessimistic when I ask why a request from Major League Baseball to the creditors would constitute “an assist” that could make this get put to bed any faster than it otherwise would.  If it were more than a request — if say, MLB kicked in some money or promises or something that could help bridge the gap between Hicks and his creditors — I could see how that could wrap things up.

But what would a mere request from a non-party to the debt really do? If the creditors are trying to squeeze money out of Hicks to let this thing happen, the only thing that will make them do so is more money. From everything that has been reported these creditors are trying to take advantage of their temporary leverage to extract as much dough as possible. Based on this report all baseball is doing is asking these guys to get the deal done on Greenberg and Ryan’s timetable. So what? Everyone has been wanting that for months.

My guess, and it is just a guess, is that one of two things is happening: (1) Wilson is being a tad optimistic about what MLB’s “request” could accomplish and reaches his “assist” conclusion a bit too hastily; or (2) Baseball has done more than “request” that the deal get done. Rather, they’ve offered something to the creditors to facilitate it but understandably don’t want to be seen as bailing out Hicks any more than they already have.

Either way, everyone is saying that they think this will be done the week of April 19th. 

Source: Aaron Judge, Yankees reach $360M, 9-year deal

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SAN DIEGO (AP) — Aaron Judge has agreed to return to the New York Yankees on a $360 million, nine-year contract, according to a person familiar with the deal.

The person spoke to The Associated Press on Wednesday because the deal had not been announced.

Judge will earn $40 million per season, the highest average annual payout for a position player. The contract trails only Mike Trout’s $426.5 million deal with the Los Angeles Angels and Mookie Betts’ $365 million pact with the Los Angeles Dodgers for biggest in baseball history.

Judge was offered a long-term deal by New York before last season that was worth $213.5 million over seven years from 2023-29. But he turned it down in the hours before opening day in April.

The 6-foot-7 Judge bet on himself — and won.

Judge set an American League record with 62 homers in 2022, powering the Yankees to the AL East title. He also tied for the major league lead with 131 RBIs and just missed a Triple Crown with a .311 batting average.

New York was swept by Houston in the AL Championship Series, but Judge became the first AL MVP for the Yankees since Alex Rodriguez in 2007.

Judge, 30, was selected by New York in the first round of the 2013 amateur draft and made his big league debut in 2016, homering in his first at-bat.

A year later, he was one of baseball’s breakout stars. He hit .284 with 52 homers and 114 RBIs in 2017, winning the AL Rookie of the Year award. The four-time All-Star has 220 homers and 497 RBIs in seven big league seasons.