The Dodgers file for bankruptcy

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A mere three days before the payroll comes due — payroll that Frank McCourt can’t meet — the Dodgers have filed for bankruptcy, reports Richard Sandomir. With that, the legal game begins.

Obviously the situation is fluid, and more details will stream in as the morning and day progresses, but for the time being, this could buy McCourt some time. Why? because a bankruptcy filing puts a halt on all legal action with respect to the bankruptcy estate (i.e. the Dodgers).  McCourt will certainly argue that this will prevent a takeover from Major League Baseball, though the court may decide differently when it gets a chance to weigh in, likely in the next few days.

The problem for McCourt is that the kind of bankruptcy the Dodgers have certainly filed is designed to reorganize the financial house.  Frank McCourt, however, does not have a plan available to him to do such a thing or else he would have already done it.  The filing isn’t yet circulating (UPDATE: here it is) but my guess is that he’s going to ask the court to order that the Fox TV deal be executed — assuming Fox wants to still do it, which it has been reported it may not — thereby providing funding.

The problem with that, of course, is that the bankruptcy court won’t approve of anything that is not seen as in the best interests of the Dodgers the Dodgers’ creditors,* it’s obvious that Major League Baseball and others would come in and make a strong case that the Fox deal is not the best deal they could make.

If McCourt can do no better, the court may very well order a sale of the team. Perhaps auctioning it off, Texas Rangers-style. Which, by the way, would also put Major League Baseball in the same position it was in with respect to the Rangers: less-able to control who owns the team than it would otherwise be.  Mark Cuban bid on the Rangers, after all. If his or some other non-chosen person’s money looked green to the bankruptcy court in such a scenario, Bud Selig would be hard-pressed to stop them from participating in a team auction.

But let us not get ahead of ourselves. For now, we simply have Frank McCourt where he was inevitably headed: bankruptcy court. And some time has been bought. A little anyway. The end game for McCourt, however, doesn’t look all that better than it did before.

*As always, remember that I am kind of a moron, at least as far as lawyers go, when it comes to bankruptcy. We have a lot of people familiar with bankruptcy law who hang out in the comments, however, so by all means, explore them a bit if the subject interests you. I’ll do my best to update with better information when I screw up.

Orioles set new MLB record with 259th home run allowed

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Update (9:04 PM EST): The game went into a rain delay with one out in the bottom of the fifth inning of a 2-2 tie, so the game isn’t official yet. Which means the Orioles aren’t yet the official record holders.

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A third-inning solo home run by Austin Meadows off of Asher Wojciechowski on Thurday night marked the 259th home run Orioles pitching has allowed this season, setting a new major league record, per MASN’s Roch Kubatko. The previous record was held by the 2016 Reds at 258. Willie Adames hit No. 260, a game-tying solo shot in the fifth inning. The Orioles will have 34 more games to add on to their record after tonight.

The Yankees have famously accounted for 61 of the 260 home runs (23.5%) against Orioles pitchers this season. The Red Sox are next at 28 followed by the Twins and Blue Jays at 23 each.

David Hess has accounted for the most home runs on the O’s staff, yielding 28 dingers. Dylan Bundy is next at 25 homers allowed.

The Orioles are not the only team that will pass the 2016 Reds. The Mariners are on pace to allow 275 home runs. The Yankees, 266. Phillies, 262. Angels, 259. Pretty amazing.