MLB goes to court over last year’s leaked team financial documents thing

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Remember back in August 2010 when Deadspin posted a bunch of leaked financial documents from the Pirates, Rays, Marlins, Angels and other teams? And how it showed that no matter whether we think of a team as “rich” or “poor,” they all make gobs of money and employ all manner of fun accounting tricks to obscure the reality of the situation?  Yeah, that was fun.

Well, for us anyway. Not at all fun for an insurance company that Major League Baseball is taking to court because it won’t cooperate with the league as it tries to figure out who leaked that stuff:

In papers filed Oct. 7 in New York Supreme Court, the commissioner’s office wants Beazley Insurance Co. Inc. to show cause why it shouldn’t be required to produce records that could identify the source of leaks. MLB said Beazley refused to cooperate with baseball’s investigation into a story by The Associated Press, published in August 2010, and club documents posted by Deadspin.com, that same month.

Martin Klotz, a lawyer for baseball, said in legal papers that six insurers received the confidential financial information from teams and that all except Beazley cooperated with MLB’s investigation.

Hmmm, I wonder why they wouldn’t cooperate. I’m sure it’s principle. Yes, this is a stand in favor of liberty and information wanting to be free or some such.

Yankees trade Sonny Gray to the Reds

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The deal was much talked about all weekend and now the deal is done: The Cincinnati Reds gave acquired starter Sonny Gray and lefty Reiver Sanmartin from the Yankees in exchange for second base prospect Shed Long and a 2019 competitive balance pick.

The key to making the deal happen: Gray agreeing to a a three-year, $30.5 million contract extension. The Reds will likewise hold a $12 million club option for 2023. The deal had been struck and a window granted through close of business today to get Gray to agree to the extension and, obviously, he has.

The Reds will get a pitcher coming off of a bad season in which he posted a disappointing 4.90 ERA in 23 starts and seven relief appearances. He was hammered particularly hard in Yankee Stadium but pitched better on the road. Great American Ballpark is not a great pitcher’s park itself but any change of scenery would be nice for Gray, who had become much unwanted and unloved in New York. In Cincinnati he has the assurance of a spot in the rotation and, even better for him, he will be reunited with his college pitching coach, Derek Johnson, who joined new manager David Bell’s Reds staff earlier this offseason. If he bounces back even a little bit, the Reds will have a useful starter at a below market price for four years. If he doesn’t, well, they haven’t exactly gone bankrupt taking the chance.

The Reds will also get Reiver Sanmartin, 22, who started in the Rangers system before being traded to the Yankees. He’s a soft-tosser who figures to be a reliever if he makes the big leagues. He played at four different levels last season, with one game at Double-A and the rest below that, posting a composite 2.80 ERA in 10 starts and 13 overall appearances while striking out 7.8 batters per nine.

The Yankees will get Shed Long, who is ranked as the Reds’ seventh best prospect. The 23-year old second baseman hit .261/.353/.412 at Double-A in 2018 and has hit very close to that overall line for his entire six-year minor league career. He strikes out a bit and may not stick at second base long term, shifting to a corner outfield slot perhaps, but he’s a legitimate prospect.

The Reds get another starter with some upside. The Yankees get rid of a problem and gain a prospect and a draft pick. Sonny Gray gets some job and financial security at a time when it is not at all clear what his future holds. Not a bad baseball trade.

UPDATE: Welp, the Yankees don’t have a prospect anymore. They just traded long to the Mariners for outfielder Josh Stowers. Stowers was a second-round pick in last year’s draft. He’s 21 and batted .260/.380/.410 with five homers and 20 steals over 58 games in Short-Season ball in 2018. He’s ranked by MLB.com as the Mariners’ No. 10 prospect, but now he’s New York bound.