Skip to content

Mike Matheny loses court battle, could cost him millions

Jan 18, 2013, 6:18 PM EDT

Mike Matheny AP

Not long after he was hired as the Cardinals’ replacement for Tony La Russa in the dugout, it was reported that Mike Matheny was in serious debt due to bad real estate deals that cost him his 17-room home in Missouri.

14 months later, Matheny was still fighting over just how much he owes the Business Bank of St. Louis, but he lost his case today in front of Judge Tom DePriest, the St. Louis Post-Dispatch reports.

It was reported last year that Matheny might owe more than $4 million after he stopped making payments on land he and a business partner bought. No financial details came out of today’s judgment, though. That matter will be settled during a March 13 hearing.

Matheny made nearly $20 million in a major league career that came to a close in 2006. He sold his home for $1.9 million in 2010 prior to its foreclosure. $1 million of that went to the Business Bank, which claimed that Matheny owed $10.2 million. While his annual salary from managing the Cardinals was never disclosed, Matheny likely makes somewhere between $1 million-$1.5 million per year.

Latest Posts
  1. And That Happened: Thursday’s scores and highlights

    Aug 22, 2014, 6:33 AM EDT

    Screen Shot 2014-08-22 at 6.32.11 AM AP

    Another Washington walkoff. Another dominant Clayton Kershaw start. And some unusual stuff happened too.

  2. Joaquin Benoit expected to avoid the disabled list

    Aug 21, 2014, 11:01 PM EDT

    Joaquin Benoit

    Padres closer Joaquin Benoit hasn’t appeared in a game since last Wednesday due to soreness in his throwing shoulder.

  3. Report: Rockies pulled Michael Cuddyer back off waivers after hamstring issue

    Aug 21, 2014, 9:51 PM EDT

    Michael Cuddyer AP

    Impending free agent Michael Cuddyer will almost certainly finish his season in a Rockies uniform.

  4. MRI comes back negative on Salvador Perez’s knee

    Aug 21, 2014, 8:15 PM EDT

    Salvador Perez AP AP

    Royals catcher Salvador Perez was scratched from Wednesday’s lineup with tightness in his right knee, but an MRI on Thursday revealed no structural damage.

  5. The Nationals extend their winning streak to 10 games with another walk-off victory

    Aug 21, 2014, 7:30 PM EDT

    4c6175926c38d231dc81e90954473530-2 AP

    Here’s hoping Nationals manager Matt Williams has been practicing his Babe Ruth home run trot, because he has a promise to fulfill.

  6. Yan Gomes exits game with concussion-like symptoms

    Aug 21, 2014, 6:57 PM EDT

    02e1eef82480ad08381dc3cd40aa3625 AP

    Gomes was hit in the mask in the bottom of the fifth inning by a ball that deflected off the arm of Kurt Suzuki on a hit-by-pitch.

  7. Phil Hughes rolls to 14th win, sports third best K/BB ratio ever

    Aug 21, 2014, 6:14 PM EDT

    Phil Hughes Phil Hughes

    But not the best among major league starters this season.

  8. Angels acquire Gordon Beckham from White Sox

    Aug 21, 2014, 5:42 PM EDT

    Gordon Beckham Gordon Beckham

    Beckham had a very promising rookie season as a 22-year-old in 2009, but the former first-round draft pick has hit just .240 with a .658 OPS in 636 games since then while never topping a .700 OPS in a season.

  9. Reds demote 10-loss reliever J.J. Hoover to Triple-A

    Aug 21, 2014, 5:20 PM EDT

    J.J. Hoover Reds AP

    He heads to Triple-A tied for the Reds franchise record in relief losses with 10, which is especially remarkable considering he won his first decision of the season before dropping 10 straight.

  10. Garrett Richards out 6-9 months with torn patellar tendon

    Aug 21, 2014, 4:55 PM EDT

    Garrett Richards Angels AP

    Richards’ leg buckled underneath him as he went to cover first base on a potential double-play ball last night and he was down for nearly 10 minutes before being carted off the field in obvious pain.

  11. Red Sox activate Allen Craig from the disabled list

    Aug 21, 2014, 4:16 PM EDT

    allen craig getty Getty Images

    He hit a combined .312 with an .863 OPS in 328 games for the Cardinals from 2011 to 2013, but Craig’s production has plummeted to a .237 batting average and .639 OPS in 98 total games this season.

  12. David Price threw a one-hitter against the Rays. And lost.

    Aug 21, 2014, 4:00 PM EDT

    Screen Shot 2014-08-21 at 3.56.49 PM Getty Images

    One unearned run was all he allowed against his old mates. Tough way to lose.

  13. Brandon McCarthy tosses a four-hit shutout as the Yankees top the Astros

    Aug 21, 2014, 3:40 PM EDT

    Brandon McCarthy AP

    Work fast. Throw strikes. If anyone has come up with a better way to win games, I haven’t heard of it yet.

  14. Chris Rock catches a foul ball at Yankee Stadium, gives it to a kid

    Aug 21, 2014, 2:54 PM EDT

    Video camera

    That’s kind of the whole story, but there’s nothing else going on right now.

  15. Masahiro Tanaka to throw against live hitters Saturday

    Aug 21, 2014, 2:24 PM EDT

    Masahiro Tanaka AP

    Masahiro Tanaka’s attempt to avoid Tommy John elbow surgery with the rest-and-rehab approach has gone well enough that the Yankees right-hander will face live hitters for the first time Saturday.

  16. Cano, Puig, Pujols to participate in an All-Star series in Japan in November

    Aug 21, 2014, 2:04 PM EDT

    Japan Flag

    It’s better than no baseball in November, right?

  17. Rangers pull back Neal Cotts off waivers, won’t trade him

    Aug 21, 2014, 1:43 PM EDT

    Tampa Bay Rays v Texas Rangers Getty Images

    Texas not trading impending free agent reliever Neal Cotts before the July 31 deadline was surprising and now they’re going to hang onto the left-hander for the rest of the season.

  18. HBT Daily: Can’t stop the Nats

    Aug 21, 2014, 1:00 PM EDT

    HBT Daily Logo

    A nine game winning streak and a bunch of walkoff wins. Do they have a weakness right now?

Featured video

Who's to blame for Cubs tarp fiasco?
Top 10 MLB Player Searches
  1. R. Castillo (3540)
  2. M. Cuddyer (2607)
  3. K. Bryant (2372)
  4. G. Richards (2091)
  5. A. Garcia (2070)
  1. A. McCutchen (2007)
  2. W. Myers (1989)
  3. J. Werth (1959)
  4. Y. Molina (1830)
  5. A. Cashner (1825)