The Miami Herald takes a look at the bonds that paid for Marlins Park and reveals their true cost to Miami taxpayers:
Miami-Dade borrowed about $400 million in that deal by selling bonds on Wall Street. During the commission discussion on the Dolphins plan, Mayor Carlos Gimenez mentioned one set of stadium bonds worth about $90 million would cost more than $1 billion to pay back. We at the ETM thought: Can that be true? The answer: yes.
The Angels have signed pitcher Matt Harvey to a one-year contract, MLB.com’s Mark Feinsand reports. Fancred’s Jon Heyman reports that the contract is for $11 million with an additional $3 million available through performance incentives.
Harvey, 29, spent 2018 with the Mets and Reds, posting an aggregate 4.94 ERA with a 131/37 K/BB ratio in 155 innings. He started off poorly with the Mets, so they traded him to the Reds in early May. He pitched much better in Cincinnati.
Harvey should have a spot secured at the back of the Angels’ rotation, but health and performance can always change that leading up to Opening Day.