Major League Baseball offers a better bankruptcy financing deal

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As mentioned this morning, the first issue the bankruptcy court is going to have to decide is whether or not to allow Frank McCourt to finance Dodgers’ operations with that $150 million loan he obtained.

Also as mentioned, Major League Baseball has come up with an alternative financing arrangement, which Bill Shaikin of the Los Angeles Times just reported:  Financing at 7% interest as opposed to the 10% McCourt obtained, plus no $4.5 million fee or any other fees on top of it, like the fees wit which McCourt would saddle the team.

Bankruptcy experts, help us out: are these financing arrangements usually judged purely on the dollars (i.e. what costs the debtor the least), or is there a broader analysis in play, encompassing the source of the financing as well?  Because if it’s purely dollars, MLB would have to have it beat, one would assume.  If McCourt gets a thumb on the scale in his favor as the current owner, however, it may not matter.

The point to all of this, of course, is that if the court decides that MLB’s financing is going to rule the day, it will likely mean that McCourt’s days of calling the shots are over or soon will be.

Updates as warranted.

Blue Jays place Aaron Sanchez on 10-day disabled list

Toronto Blue Jays v Los Angeles Angels of Anaheim
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The Blue Jays placed right-hander Aaron Sanchez on the 10-day disabled list with a contusion in his right index finger, per a team announcement on Saturday. The assignment is retroactive to Friday. In a corresponding move, righty Marcus Stroman was activated from the DL (right shoulder fatigue) and will take the mound for the Blue Jays at 9:07 PM ET tonight.

Sanchez, 25, is in his fifth season with the club. He hasn’t looked his sharpest so far this year, going 3-5 in 15 starts with a career-worst 4.52 ERA, 5.1 BB/9 and 7.6 SO/9 through 79 2/3 innings. It’s not yet clear how long he’ll be sidelined, though he could miss as little as one turn in the rotation before returning to the roster in the next week or two.

Sanchez isn’t the only struggling starter in Toronto’s rotation, either. Per MLB.com’s Gregor Chisholm, the team placed southpaw Jaime Garcia on the DL (right shoulder tenderness) as well, with lefty reliever Tim Mayza scheduled to take his spot on the roster. In 13 starts this season, Garcia carried a 2-6 record, 6.16 ERA, 4.5 BB/9 and 8.2 SO/9 over 61 1/3 innings. Any further decisions pertaining to the rotation — including Tuesday’s starter against the Astros — have yet to be publicly addressed.