Marc Topkin of the Tampa Bay Times confirms that the Rays have released left-hander Erik Bedard and right-hander Juan Carlos Oviedo. Both will be free to sign elsewhere tomorrow.
Bedard was designated for assignment last week after set-up man Joel Peralta was activated from the disabled list. The 35-year-old southpaw has spent most of this season in the Rays’ rotation, posting a 4.76 ERA and 64/29 K/BB ratio in 75 2/3 innings across 15 starts and two relief appearances.
Oviedo was given the boot last weekend when Jeremy Hellickson rejoined the Rays’ rotation. After missing all of last season following Tommy John surgery, the 32-year-old got off to a good start this year, but he wore out his welcome after allowing 10 runs over his final 15 appearances.
Over the past several weeks we’ve heard a lot of news about teams furloughing front office and scouting staff, leveling pay cuts for those who remain and, most recently, ceasing stipends to minor league players and releasing them en masse. The message being sent, intentionally or otherwise, is that baseball teams are feeling the pinch.
The Kansas City Royals, however, are a different story.
Jon Heyman reported this afternoon that the Royals are paying their minor leaguers through August 31, which is when the minor league season would’ve ended, and unlike so many other teams, they are not releasing players either. Jeff Passan, meanwhile, reports that the Royals will not lay any team employees off or furlough anyone. “Nearly 150 employees will not take pay cuts,” he says, though “higher-level employees will take tiered cuts.” Passan adds that the organization intends to restore the lost pay due to those higher-level employees in the future when revenue ramps back up, making them whole.
While baseball finances are murky at best and opaque in most instances, most people agree that the Royals are one of the lower-revenue franchises in the game. They are also near the bottom as far as franchise value goes. Finally, they have the newest ownership group in all of baseball, which means that the group almost certainly has a lot of debt and very little if any equity in the franchise. Any way you slice it, cashflow is likely tighter in Kansas City than almost anywhere else.
Yet the Royals are paying minor leaguers and front office employees while a great number of other teams are not. What’s their excuse?