Baseball does not want you to know about its debt crisis

12 Comments

There is an in-depth report at Forbes today about the debt crisis facing Major League Baseball that anyone who cares about the business of the game should read.

The story focuses primarily on the well-known financial problems facing the Mets and Dodgers, with a shout-out to the Tom Hicks Rangers, but it suggests that teams taking on too much debt is a widespread problem.  The trick comes via what Forbes says is owners’ circumvention of Major League Baseball’s often-cited, but rarely enforced debt ratio rules. Put your debt in a holding company like Tom Hicks did and, voila, you’re in compliance, even as you are being crushed by debt collectors.

One would think that such a charge would meet with a strong rebuke from Bud Selig, but he leaves that to his number two guy, Rob Manfred. And Manfred’s response is a bit unsettling:

“Nobody outside the game knows what was done or not done with respect to any individual club … I don’t think anyone outside the game is in a position to make a judgment as to how the debt-service rule has been administered.”

Really? No “you’re wrong,” or “baseball ownership is healthy?” Forbes comes to you and says that it’s writing a story about how teams routinely circumvent the debt ceiling rules and are doing so at tremendous risk and peril, and you’re really going with “how would you know?”

Yikes!

The Rays are calling up shortstop prospect Willy Adames

Tampa Bay Rays
Leave a comment

Confirming a report from Enrique Rojas of ESPN, the Rays have called up top prospect shortstop Willy Adames from Triple-A Durham. Adeiny Hechavarria was placed on the disabled list over the weekend due to a hamstring strain, so this is a good opportunity to give Adames his first shot in the big leagues.

Per Bill Chastain of MLB.com, Adames will start at shortstop and bat fifth in his major league debut Tuesday against the Red Sox. He gets to face Chris Sale, so he’s getting thrown right into the fire.

Adames came over to the Rays via the Tigers in the David Price deal back in July of 2014 and has been a mainstay on prospect lists along the way. Baseball America ranked him as the No. 19 prospect in the game back in January.

Adames, 22, was batting .311/.387/.466 with four homers through 40 games in Triple-A this season. That was after hitting .277/.360/.415 with 10 homers over 130 games at the level last year, so the progress has been nice to see. He’ll presumably get every opportunity to stick as a shortstop for now.

The Rays place Joey Wendle on the paternity leave list in a corresponding roster move.