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
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.
- The Nationals extend their winning streak to 10 games with another walk-off victory 2
- Garrett Richards out 6-9 months with torn patellar tendon 10
- A pitch clock in Major League Baseball? No thanks. 87
- And That Happened: Wednesday’s scores and highlights 80
- Garrett Richards suffers ugly left knee injury 28
- Giants win protest, will complete rain-halted game at Wrigley Field on Thursday afternoon 46
- Royals might actually know what they are doing 33
- Curt Schilling reveals that he was diagnosed with mouth cancer, blames smokeless tobacco 72
- Mike Matheny addresses turmoil in Ferguson: “It’s a sad situation. It’s a tough situation for our city” (127)
- A pitch clock in Major League Baseball? No thanks. (87)
- Here’s today’s dose of barfy Derek Jeter sentiment (82)
- And That Happened: Wednesday’s scores and highlights (81)
- Let’s speed up the pace of play. But let’s not be gimmicky about it. Let’s just enforce the rules. (74)