Jun 3, 2011, 8:25 AM EST
On the one hand, this sounds alarming: Bill Shaikin of the L.A. Times reports that nine of baseball’s 30 teams are in violation baseball’s debt service rules. The teams: Dodgers and Mets — duh — as well as the Orioles, Cubs, Tigers, Marlins, Phillies, Rangers and Nationals.
On the other hand, it’s hard to say what this truly means. Sure, former commissioner Fay Vincent calls this “troublesome,” but he thinks everything that has happened since he left office is troublesome. What we don’t know, however, is how any of these teams outside the Dodgers, really, arrived at their currently-reported out-of compliance status and if it’s really a serious thing.
Is it short term debt or long term debt? A temporary blip of being-out-of-compliance, or something chronic? Generally, the rules limit a team’s debt to 10 times its annual earnings. How badly out of whack are, say, the Tigers, compared to where the Dodgers are? Doesn’t it matter that the Tigers owner has more money than Croesus, while the Dodgers’ owner does not?
Finally, Frank McCourt claims that he was given exemptions on his debt limit at times. If that’s the case (i.e. the game’s most train wreck of a financial case can be in technical compliance) doesn’t that render the concept of compliance a rather fluid one?
I don’t like that so many ownership groups are leveraged and baseball needs to be sure that the Frank McCourt/Tom Hicks examples are exceptions and not the rule. But I’m not sure that this report, in and of itself, tells us much.
- Blue Jays sign Dayan Viciedo to a minor league deal 8
- Chris Sale will be sidelined for three weeks with foot fracture 11
- Aramis Ramirez says 2015 will be his last year 32
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 307
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 52
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (307)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Curt Schilling lowers the boom on some men tweeting threats against his daughter (129)
- Ichiro is happy to be away from Joe Girardi (88)
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” (86)