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A-Rod files an objection to the Texas Rangers auction

Jul 29, 2010, 11:00 AM EDT

No wonder he can’t hit his 600th home run! He’s busy litigating!

Alex Rodriguez on Wednesday filed an objection over how the Rangers’
bankruptcy auction might be held, fearing that bidders won’t pledge to
make good on deferred payments to him and several other former team
players.

On deadline for such filings before the Aug. 4 auction,
an attorney for A-Rod noted that the Yankees third baseman is owed
$24.89 million and complained that Hicks Sports Group, the team’s
parent, had failed to fund a $45 million escrow account for such
deferred compensation, as required by Major League Baseball.

Rodriguez is not alone here: lots of unsecured creditors filed objections because the Greenberg/Ryan deal already provides for them being paid and the assurances of that from the other bidders are less concrete.

There’s probably no danger of anyone involved screwing A-Rod out of his deferred dough, but if you don’t object now, you can’t object later if things go sideways.

  1. BC - Jul 29, 2010 at 11:34 AM

    1000% correct. The guy signed a contract. It’s HIS money. Might as well do what you can to make sure you get it.

  2. Joker34 - Jul 29, 2010 at 1:08 PM

    As much as I hate to say it, A-Rod has gone about this the right way. The Rangers did gurantee that money and in my mind that means he should get it. Tom Hicks may be a nice guy, but he is not a very good team owner. I am hoping that the Ryan/Greenberg group can get this deal done and put this team back into a stable financial situation. In the meantime, the Rangers are hot!!! GO RANGERS!

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