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The AT&T Park mortgage is paid off

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This is fun: The San Francisco Giants recently made their last payment on the $170 million, 20-year loan they obtained to finance the construction of AT&T Park. The joint is now officially paid for.

The Giants, unlike most other teams which moved into new stadiums in the past 25 years or so, did not rely on direct public financing. They tried to get it for years, of course, but when the voters, the city of San Francisco and the State of California said no, they decided to pay for it themselves. They ended up with one of baseball’s best-loved and most beautiful parks and, contrary to what the owners who desperately seek public funds will have you believe, they were not harmed competitively speaking. Indeed, rumor has it that they have won three World Series, four pennants and have made the playoffs seven times since moving into the place in 2000. They sell out routinely now too and the Giants are one of the richest teams in the sport.

Now, to be clear, the Giants are not — contrary to what some people will tell you — some Randian example of self-reliance. They did not receive direct public money to build the park, but they did get a lot of breaks. The park sits on city-owned property in what has become some of the most valuable real estate in the country. If the city had held on to that land and realized its appreciation, they could flip it to developers for far more than the revenue generated by baseball. Or, heaven forfend, use it for some other public good. The Giants likewise received some heavy tax abatements, got some extraordinarily beneficial infrastructure upgrades and require some heavy city services to operate their business. All sports stadiums, even the ones privately constructed, represent tradeoffs for the public.

Still, AT&T Park represents a better model than most sports facilities do. I mean, ask how St. Louis feels about still paying for the place the Rams used to call home before taking off for California. Ask how taxpayers in Atlanta and Arlington, Texas feel about paying for their second stadium in roughly the same time the Giants have paid off their first.

Julio Teheran throws six no-hit innings in return from disabled list

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Braves starter Julio Teheran dazzled in his return from the 10-day disabled list on Sunday, tossing six no-hit inning against the Padres. He walked three and struck out 11 batters on 95 pitches. Unfortunately for Teheran and for the Braves, the no-hit bid ended quickly as reliever Shane Carle surrendered a one-out single to Cory Spangenberg in the seventh inning. Nevertheless, the Braves went on to win 4-1 over the Padres.

Teheran, 27, went on the disabled list on June 5 with a right thumb contusion. He apparently suffered the injury while batting during his June 4 start against the Padres. Following Sunday’s effort, Teheran now carries a 3.97 ERA with a 67/36 K/BB ratio in 77 innings this season.

Coincidentally, Teheran has a spotless ERA on Father’s Day across four starts. Here were the results from his previous three starts:

  • June 16, 2013 vs. Giants: 6 IP, 7 H, 0 R, 1 BB, 8 K
  • June 21, 2015 vs. Mets: 7 IP, 1 H, 0 R, 2 BB, 5 K
  • June 19, 2016 at Mets: 9 IP, 1 H, 0 R, 0 BB, 7 K