Mark Cuban speaks about the Rangers auction

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Mark Cuban — as is his wont — took to his blog today to give a very long and very detailed explanation of his involvement in the Texas Rangers auction.  There’s a lot of play-by-play of how he got sucked into the whole crazy business. And it’s all very interesting, so you should definitely read it if, for no other reason than to realize that Cuban is a businessman and not a psycho.

But maybe the best parts come toward the end when he takes on two big criticisms he’s been getting lately: (a) that he would not be approved by Major League Baseball; and (b) that he was really only in the auction in order to bid-up the value of $2 million worth of Rangers bonds he happens to own:

Now lets talk about MLB.  It seems to be a fun media sport to talk
about how there is no way i will ever get approved  buy MLB to buy a
team.  At the hearing yesterday it was mentioned that our group only had
a 50/50 chance of ever being approved.  I tend to never look at the
glass as being half empty or half full. I look to see who is pouring the
water and to deal with them. Not the media.  I am pretty confident we
would have been approved.

Finally lets talk about finances. Lets talk about the bonds I own. I
have been getting a bunch of emails from reporters asking how much money
I made on the bonds I own. Suggesting that I bid up the price of the
Rangers in order to increase the value of the $2mm i spent on bonds. To
all of you I offer a lesson in economics.

It is NEVER a good idea to risk hundreds of millions of dollars on
the purchase of a team AND to spend what could come to more than a
$1million in professional fees in order to increase the value of the
$2mm you bought in bonds. I know its something for the media to talk
about. But if any of you out there think it through, I dont want you to
think i was stupid enough to do something that stupid.

The real reason he even bought those bonds, Cuban says, is so that he could be an insider and do some better due diligence on the Rangers when the notion of him buying the team first came up last year.

Seems plausible to me, as does most of what else he says.

The biggest takeaway here: Cuban was really in this for the opportunity
to create a regional sports network on which he could broadcast Rangers
and Mavericks games.  Contrary to the reputation he has in some quarters, that’s not nuts at all.  That’s really good business.

Royals sign Drew Storen to minor league deal

Drew Storen
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The Royals are in agreement with right-handed reliever Drew Storen on a minor league deal, the team announced Friday. Per Jon Heyman of MLB Network, the deal is worth $1.25 million if the veteran righty breaks camp with the club this spring. Additional, albeit unspecified incentives will be included in the contract as well.

Storen, 31, is coming off of a protracted absence from any MLB duties. After inking a one-year deal with the Reds in 2017, he sustained a right elbow sprain toward the end of the year and underwent Tommy John surgery that October. He was effectively decommissioned for the club’s entire 2018 run and generated little interest around the league this winter, perhaps due in part to the uninspired 4.45 ERA, 3.8 BB/9, 7.9 SO/9, and career-low -0.2 fWAR he posted across 54 2/3 innings during his last healthy season.

While it’s not immediately clear what kind of performance the Royals can expect from Storen in spring training, they’re not exactly in a position to be choosy. Their bullpen ranked dead last among all MLB teams with a collective 5.04 ERA, 4.85 FIP, and -2.2 fWAR last year, and still appears to be in a state of flux as they approach Opening Day. Skipper Ned Yost told reporters Wednesday that he intends to eschew the traditional closer appointment in 2019 and will instead utilize a combination of right-handers Wily Peralta and Brad Boxberger, lefty Tim Hill, and various others as he tackles high-leverage situations in the future.