Are the new Astros owners the latest in a long line of debt-riddled ownership groups?

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Jim Crane met the media as the owner-in-waiting for the Houston Astros yesterday, and that led to a couple of glowing reviews of his business acumen and his plans for the future of the organization. It also led to a report in Forbes that says $300 million of the $680 million sales price of the team will be debt-financed.

It’s hard to place this in any kind of context because the Forbes report is thin on (actually devoid of) detail.  What kind of debt is this, short or long term? Does that include the fairly standard line of credit that Major League Baseball extends all teams or is that separate? Is this secured by team property and future revenues or is it secured by, say, Jim Crane’s other businesses and/or personal property and that of the others in the ownership group? All of that matters. And, even if the report is true and the debts impinge on team assets, it’s in no case as bad as the McCourt financing of the Dodgers which represented far more than 100% of the purchase price.

But for all of the unknowns, the debt situation is worth looking into as the deal approaches closing.  Recent history has shown us that team debt matters, and seeing how the Astros sale is being handled will provide us some amount of insight as to whether Major League Baseball has learned anything from recent history.

White Sox won’t make bid for Bryce Harper

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The White Sox won’t make a bid for free agent outfielder Bryce Harper, Bruce Levine of 670 The Score reports. Believed to be the favorites to land shortstop Manny Machado in free agency, the White Sox watched him ink a 10-year, $300 million contract with the Padres. The club is apparently content with its roster otherwise.

Harper would certainly be an upgrade in the outfield, which currently features Adam Engel, Nicky Delmonico, and Jon Jay. It will soon feature prospects Eloy Jiménez and Luis Robert.

Last season, Harper hit .249/.393/.496 with 34 hom eruns, 100 RBI, 103 runs scored, and 13 stolen bases in 695 plate appearances. He led all of baseball, drawing 130 walks. Harper is also a six-time All-Star who won the 2012 NL Rookie of the Year Award and the 2015 NL Most Valuable Player Award.

The Phillies are still believed to be the favorites to sign Harper and the club is confident it will land him, Matt Breen of the Philadelphia Daily News reports.