Mark Cuban and Jim Crane want to get paid for losing out on the Rangers

11 Comments

Hey, if you don’t ask for it, you’re never going to get it, right?  SportsBusiness Journal reporting:

Mark Cuban and Jim Crane want payment of $2.65 million in legal fees and
other expenses stemming from their failed bankruptcy bid for the Texas
Rangers in August . . . Cuban and Crane argue that had they not been bidding, the team would
have brought $98 million less at auction than the $593 million price for
which the club was ultimately sold.

As always, I invite the bankruptcy experts among you (and I know there are a few) to weigh in here, but that sounds completely nuts.  If the frustrated bidder in a bankruptcy auction gets paid like that, doesn’t it create a huge incentive for people to bid when they’re not truly interested in winning? Because, believe me, there’s fat built in to any figure for “legal fees and expenses.”  Doesn’t it also artificially inflate the value of the subject of the bidding?  Doesn’t it also take money out of the creditor’s pockets when banckruptcy is supposed to benefit them above all others?

Maybe this has happened before, but I kind of doubt it. It certainly makes Cuban and Crane look like a couple of vultures.

Aaron Judge out of Yankees starting lineup for finale after No. 62

Tim Heitman-USA TODAY Sports
0 Comments

ARLINGTON, Texas — Yankees slugger Aaron Judge wasn’t in the starting lineup for New York’s regular-season finale, a day after his 62nd home run that broke Roger Maris’ 61-year-old American League single-season record.

When Judge homered in the first inning Tuesday night, in the second game of a doubleheader against the Texas Rangers, it was his 55th consecutive game. He has played in 157 games overall for the AL East champions.

With the first-round bye in the playoffs, the Yankees won’t open postseason play until the AL Division Series starts next Tuesday.

Even though Judge had indicated that he hoped to play Wednesday, manager Aaron Boone said after Tuesday night’s game that they would have a conversation and see what made the most sense.

“Short conversation,” Boone said before Wednesday’s game, adding that he was “pretty set on probably giving him the day today.”

Asked if there was a scenario in which Judge would pinch hit, Boone responded, “I hope not.”

Judge went into the final day of the regular season batting .311, trailing American League batting average leader Minnesota’s Luis Arraez, who was hitting .315. Judge was a wide leader in the other Triple Crown categories, with his 62 homers and 131 RBIs.

Boone said that “probably the one temptation” to play Judge had been the long shot chance the slugger had to become the first AL Triple Crown winner since Detroit’s Miguel Cabrera in 2012.