Baseball does not want you to know about its debt crisis

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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!

Brewers no. 1 prospect Keston Hiura named Arizona Fall League MVP

Keston Hiura
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Brewers top prospect Keston Hiura has been named the 2018 Arizona Fall League MVP, per an announcement on Saturday. He’s the first Brewers player to receive the distinction since the award was first handed out in 2002.

Hiura, 22, was selected in the first round of the 2017 draft and has remained at the top of the Brewers’ prospect rankings since then. The second baseman was promoted to Double-A for the first time in June and finished the season with an explosive .293/.357/.464 batting line, 13 home runs, and 15 stolen bases (in 26 chances) across 535 PA for High-A and Double-A. During his time in the AFL, he found even greater success after slashing .323/.371/.563 with five homers and a league-best 33 RBI in 96 at-bats.

Following the award announcements — Rockies corner infielder Tyler Nevin won the AFL batting title, while Pirates shortstop Cole Tucker was designated the Dernell Stenson Sportsmanship Award winner — the Arizona Fall League Championship Game kicked off at 3 PM EST with Hiura batting second and playing second base for the Peoria Javelinas, whose roster is comprised of players from the Braves, Brewers, Padres, Mariners, and Rays.