Frank McCourt bought the Los Angeles Dodgers for $430 million in 2004. Then he chopped his team up, poured kerosene all over it, torched it, and then peed on it while the flames rose higher and higher and he still realized a 500% appreciation of his asset in less than eight years.
Bernie Madoff was inventing investment returns from whole cloth and even he didn’t have the guts to do that. Would have been far too ridiculous. Meth dealers don’t get that kind of return. Maybe the cash doesn’t flow in as much as some owners would like, but they are all sitting on crazy-appreciating assets. Owning a baseball team is a license to print money, even if you haven’t a clue of what you’re doing.
So I guess what I’m saying is, the next time you hear the owner of a major league baseball team cry poor, the next time you hear an owner say that they can’t sign that player everyone likes, the next time you hear an owner say that the taxpayers need to give him a publicly-funded ballpark or else the world will end, please remember the $2.15 billion sale of the Los Angeles Dodgers and kindly call b.s. on that noise.
Barring physicals and roster reshuffling, the Yankees and Reds are all but ready to finalize a deal involving right-hander Sonny Gray, Fancred’s Jon Heyman reported Saturday. The exact return has not been confirmed, but Heyman hears that the Yankees will receive top infield prospect Shed Long and a draft pick in exchange for Gray, with an as-yet unnamed third player possibly involved as well.
According to several reports earlier in the day, negotiations came down to the wire as the Yankees first had their eye on the Reds’ no. 6 prospect, 22-year-old catcher Tyler Stephenson. The Reds ultimately elected to hang on to Stephenson and send Long to New York, as they currently have a greater need for catching depth and weren’t expected to be able to provide a full-time role for the infielder in 2019. Long, 23, is ranked seventh in the Reds’ system and appears to be nearing his MLB debut after batting .261/.353/.412 with 12 homers and a .765 OPS across 522 PA at Double-A Pensacola last year.
Gray figures to step into a prominent role within the Reds’ rotation, which is likely to be a mix of recently-acquired left-hander Alex Wood and right-handers Tanner Roark, Luis Castillo, Anthony DeSclafani, and Tyler Mahle, among several others. Despite Gray’s struggle to remain productive on the mound — he’s three years removed from his only All-Star campaign and turned in a disappointing 4.90 ERA and 2.16 SO/BB rate in 2018 — he might yet help stabilize a team that trotted out the fifth-worst rotation in the majors last season. If, on the other hand, the veteran righty finds the hitter-friendly confines of Great American Ball Park a little too unforgiving this year, the Reds can take some comfort in the fact that he’s due to enter free agency in 2020.