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 Cardinals have moved ahead of the Brewers for first place in the National League Central 14
- No-hitter! Four Phillies pitchers combine to blank the Braves 54
- Bo Porter fired by the Astros 52
- Settling the Score: Sunday’s results — and a reminder of what Labor Day is all about 46
- Reds trade setup man Jonathan Broxton to the Brewers 17
- Miguel Cabrera sits Sunday with nagging ankle injury 13
- A’s acquire veteran slugger Adam Dunn from the White Sox 54
- Settling the Score: Saturday’s results 18
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (220)
- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)
- And That Happened: Thursday’s scores and highlights (75)
- Baseball is dying, you guys, because no one would recognize Mike Trout in a bar (74)