Nov 19, 2011, 8:06 PM EST
As it turns out, Mike Matheny needed the Cardinals managerial job a lot more than Terry Francona did.
St. Louis’s new hire lost his 17-room house in Missouri and may yet owe more than $4 million due to bad real estate deals, the St. Louis Post-Dispatch reported Saturday.
Jack Wagman presents a very well researched and detailed account of how Matheny and his business partners suffered during the real estate downturn, costing Matheny both of his homes. Matheny currently lists his in-laws’ home as his address.
Matheny is expected to be one of the game’s lowest-paid managers, at something less than $750,000 annually, after replacing Tony La Russa, so he may remain in debt for the foreseeable future, depending on how the lawsuit goes. The Cardinals, though, knew all about these dealing when they hired him and still believed he was the right man for the job.
As for Matheny’s home, it’s currently listed online with a $2 million asking price. It has seven bedrooms, 10 baths, a practice baseball field and an indoor batting cage on 11 acres.
- Great Moments in Media Arrogance: Marshawn Lynch edition 155
- Nationals sign former Blue Jays closer Casey Janssen 10
- Ichiro Suzuki’s deal with the Marlins is worth $2 million 33
- Orioles acquire outfielder Travis Snider from Pirates 37
- Not so fast on the Bud Selig Hall of Fame talk 50
- Blue Jays sign president and CEO Paul Beeston to extension through 2015 26
- Reds sign four-year contract extension with Devin Mesoraco 11
- The Yankees are going to try to get out of paying A-Rod his contract incentives 83
- Great Moments in Media Arrogance: Marshawn Lynch edition (158)
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts (118)
- Why “Deflategate” would never happen in baseball (94)
- The Yankees are going to try to get out of paying A-Rod his contract incentives (83)
- Comments of the Day: some of you guys aren’t big Bud Selig fans (77)