Big trouble ahead if the Rangers deal isn't done in May

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Evan Grant reports that if the Rangers sale isn’t done by June, the team will have to take more money from Major League Baseball to make ends meet.

Last year baseball extended the team a $25 million line of credit. They used $16 million of it in 2009 to meet payroll obligations. Grant reports that both payroll and revenue are basically flat compared to last year, which suggests that baseball will have to go beyond that original $25 million. As Grant notes, since baseball is a creditor which expects its money back, the more money it gives to the team the less there is available for the troublesome, sale-blocking creditors, which makes closing the deal even harder. See, cycle, vicious.

What’s worse is that if we get to June and the team is still on the dole, they will be unable to pay real bonuses to their draft picks and, instead, will be required to pay MLB-imposed slot prices, which could seriously hinder the Rangers’ ability to, you know, get good players.

There have been a lot of self-imposed deadlines in this transaction, none of which have done much to spur real action by the parties. The end of May, however, brings with it serious consequences if the deal is not yet done. It would seem, then, that everyone had best get busy.

Kyle Gibson, Orioles finalize 1-year, $10M contract

Bill Streicher-USA TODAY Sports
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SAN DIEGO – Right-hander Kyle Gibson and the Baltimore Orioles finalized a one-year, $10 million contract.

The 35-year-old would receive a $150,000 assignment bonus if traded, payable by the receiving team. He also can earn a $25,000 bonus if he is elected or selected for the All-Star team. Gibson was an All-Star in 2021.

Gibson was 10-8 with a 5.05 ERA in 31 starts for Philadelphia last season. He also pitched 2 1/3 scoreless innings in two relief appearances in the postseason for the NL champions.

Baltimore gained another experienced arm as it looks to build on its surprising season. After losing 110 games the previous year, the Orioles contended for an AL wild card for much of the summer before finishing 83-79 for the franchise’s first winning record since 2016.

Gibson was an AL All-Star in 2021, going 6-3 with a 2.87 ERA in 19 starts for Texas. He was traded to Philadelphia that July, and he went 4-6 with a 5.09 ERA in 12 appearances for the Phillies down the stretch.

The 6-foot-6 Gibson was selected by Minnesota in the first round of the 2009 amateur draft. He made his big league debut with the Twins in 2013.

He spent his first first seven seasons with Minnesota, going 67-68 with a 4.52 ERA in 193 games, including 188 starts. He had his best year in 2018, finishing with a career-low 3.62 ERA in a career-best 196 2/3 innings.

Gibson, who signed a $28 million, three-year contract with Texas in December 2019, is 89-91 with a 4.52 ERA in 267 major league games.