pyridium discount code what is hoodia in green tea clonidine side effects autism cytotec drug schedule buy artane without a prescription from canadian pharmacy is fincar legal in uk buy no prescription fast delivery accutane mg nizagara uk on line what is yagara dog amoxicillin no prescription how much does prandin cost generic zyban no prescription low dose amitriptyline weight cheap accutane acne severe etodolac online coupon code adalat oros costo buy nitroglycerin without prescription getting zanaflex in australia stieva-a side effects giant eagle pharmacy $4 generic where to purchase fluoxetine moduretic tablets for dogs ordering generic cialis online prescription clomid no rx cabgolin 0.5 mg zovirax generic wikipedia drugs buy procardia xl orlistat tablets 120mg buy levitra super active quick allegra d shortage common birth control pills brand names aciclovir echeck buy brand elocon jogos do friv 10000 prednisolone cost in india depo provera reviews 2010 hoodia visa promethazine dosage in children flovent coupons gsk where can i purchase entocort ordering cystone buying glycomet in manchester where can i purchase aciclovir generic for ranitidine roxithromycin suppliers overseas illegal buy rx online biaxin online in us cipla finpecia uk canadian alliance of british pensioners ottawa levitra super active generic for viagra from pfizer in pakistan proventil coupon printable acai max dose over the counter ciprofloxacin hcl purinethol brand positioning buy abilify 20 mg prescription order lamisil from orlistat side effects liver xenical prices at costco why has brafix been discontinued what is the average cost of cymbalta birth control pills phenergan wellbutrin tablets xenical 120 mg dose current price brahmi atomoxetine review cialis daily use formulary canadian donde puedo comprar effexor xr forzest tablets 40mg buy ephedraxin 50 viagra soft cost comparison class action lawsuit zoloft pregnancy indian pharmacy tadapox diabecon canada prescription kamagra dosage recommended generic trazodone sleep can i buy cytotec over the counter in the philippines zovirax cream dosage buy cleocin gel 40 what does meclizine treat can zetia get you high minocycline manufacturer in india what does allegra drug antihistamine canada price buy lamisil top 5 drugstore mascaras atorlip-10 canadian medications without prescription indian pharmacy depakote scadenza brevetto viagra in italia arimidex over the counter australia finax online meds keflex discount voucher doxycycline hyclate side effects Purchase proscar 1 mg levitra plus next day shipping all types valtrex pills can i buy atarax in europe cytotec misoprostol precio venezuela buy vpxl online thru paypals generic elocon us rumalaya for dogs buy desyrel without a script order dostinex 1mg side effects of prednisone on fetus can buy anacin online xalatan price canada buy cheap trandate where artane clomid for women who already ovulate cost of minocycline 100mg low cost myambutol metformin rxp can hyzaar get you high what does benemid do paroxetine price walmart proscar online canadian online pharmacy for aleve can you get zocor where can i buy acai berry supplements in canada cymbalta cod overnight delivery how much is apcalis sx tablets discount procardia reglan next day cheap genuine amoxil online amitriptyline 20 mg ibs what is the meaning of allied health professionals what is cytotec 200 microgram tablets used for purchase torsemide online yasmin dose birth control revatio viagra prevacid pharmacy prices list where can i buy alli diet pills in england purchase xalatan cheap crestor without prescription miami ginette-35 uses medication nitrofurantoin price increase how to pay by check on paypal diclofenac combination paracetamol can you order viagra plus lipitor discount card 2010 stilnox online order viagra jelly overnight suhagra mail order india what does taking baclofen feel like buy celexa 80 mg online buy mevacor online amazon buy amaryllis plants 100mg clomid ovulation mifepristone misoprostol buy uk order inhalers online no prescription order zoloft online without prescription buy betnovate cream uk buy starlix mexican pharmacies plavix for sale uk 450 mg wellbutrin weight loss cost of celexa in ontario flovent inhaler price us ethionamide online canadian zebeta prescribing information buy generic protonix where to buy yasmin in canada safely diclofenaco 50 mg dosis nin~os ezetimibe 10 mg day astrazeneca nexium discount pulmicort daily use reviews buy goldshield eltroxin online walmart actos prices list of tesco stores selling brand amoxil cheap aciphex 20 mg how to buy saw palmetto buy revia prednisone overseas buy zyban without rx buy mentax pills online list of all oral birth control pills order avodart rx uk online pharmacies guide where purchase glyset cheapest actoplus met paypal cheap rx glasses nyc valtrex tablets pregnancy where to buy gasex online usa diltiazem mechanism of action free nexium medicine lioresal canada head office acivir no prescription overnight delivery doryx and drinking alcohol best natural viagra pills worldwide pharmacy citalopram lidocaine infusion side effects prometrium in the uk now domperidone and drinking alcohol coumadin in the uk now snovitra super power refill pack order viagra from india without prescription trental over counter my buspar coupons viamedic ad girl vermox buy without is aldactone available on line in canada has best price cialis does viagra really work erection unisom drugs online purchases mylan a1 pill is xanax online sale of lotrisone comprar exelon online buy nizoral 4 shampoo online renagel drug store online naltrexone hydrochloride information most reliable place to buy lipitor online amoxil for men sale in uk cialis bph package insert tenormin pill canadian starting clomid without period horse ivermectin for pigs arimidex pct forum how much is generic singulair at walmart medicine calan products buy online long time side effects cipro cardura pill shortage cialis reviews 20 mg chloroquine prices usa buy fosamax greece can you order aciclovir rx relief pharmacy discount card necesito comprar cytotec en venezuela elimination half life of levothyroxine habana hospital pharmacy inc furosemide medicine online blood diovan medication pressure combivent lowest price do keflex pills smell order plavix without prescription purchase effexor xr on line in uk keppra 100mg tablet buy dipyridamole without a script divya pharmacy brahmi ivermectin horse wormer for dogs pharmacy that sells cardizem vermox plus contraindicaciones alcohol ivermectin for horses side effects flomax shortage 2012 aciclovir 200-1a pharma 100 buy arimidex paypal side effects of lexapro in men post cycle therapy cleocin augmentin online legally us online pharmacy no prescription brand levitra can i take other medications with claritin cost of viagra in spain levothroid lawsuit medicine minipress xl reviews on celexa is zyrtec a class b drug can you buy dulcolax in ireland pletal australia price can you buy combivent over the counter in germany cost of plavix generic order metoclopramide pills azulfidine roche precio argentina buy diakof pills online how long to take cephalexin for uti buy nitrofurantoin tablets online buspar usa sale clomid success stories-pregnancy info wellbutrin australia florida alliance for renewable energy cheap allegra d 24 hour relief all types celadrin pills avodart side effects in men brand celebrex buy where to buy zithromax drugs online synthroid in the uk now anafranil drugstore cheap viagra super active india can you take 30 mg cialis bactroban canada no prescription malaseb wipes for cats can you get fertility drugs over the counter discount canadian pharmacy finax buy femara letrozole tablets printable alli coupons 2010 original silagra online zebeta lawsuit canada where to buy calandre perfume buy 120 uk alli diet lopid tablets for purchase cheapest place to get accutane side effects of aricept 23 vasotec without prescription miami what is the daily dosage for propecia how to take prometrium to get pregnant buy clozaril overseas zyrtec over the counter seroquel 25mg can you only get retin-a 0,025 on prescription phenergan low cost free birth control online no prescription allopurinol tablets usp monograph united states based online pharmacies paxil usa cvs prices lamisil cream for sale buy glucophage with visa albenza online usa safe place order zithromax best high blood pressure medication cymbalta weight gain the drugstore pharmacy is levitra better than viagra discount phenergan mg kohler med cabinet florida state alligator facts canada drugstore neurontin discount coupons best online pharmacy generic didronel is ditropan available on line in canada where to buy cialis in kl best place to buy alligator clips them mircette no rx suhagra lawsuit diamox online cheap pariet canada no prescription generic viagra review forums online pharmacy to buy florinef endep without rx walmart pharmacy hours peoria il cheap kamagra gold usa how to treat chlamydia and gonorrhea buy asics online usa to australia cheap nizagara free delivery where can i buy levothroid tablets is there a stimulant like viagra for women when will diovan hct become generic nitroglycerin tablet sale actoplus met in the uk safe glucotrol no prescription is mail order zantac safe pharmacy that sells trandate cialis dosage daily use order triamterene online uk levitra professional by mail guaranteed can you get high off omnicef what is purim about non prescription prograf pharmacy purchase abilify cheap dipyridamole suppositories buy online rumalaya liniment purchase how to purchase albendazole top rated over the counter e.d. pills entocort steroid medicine donde puedo comprar las pastillas de cytotec what is better for hair loss avodart or propecia ordering accutane india finax overnight delivery moduretic uses medication cafergot formulation allopurinol suppliers overseas original compazine online buy risperdal from canada tetracycline price canadian asthma inhalers that dont require prescription cheap phenergan india buying paroxetine in manchester what does sarafem treat very cheap trazodone buy amoxil online no prescription uk how to purchase dramamine online hydrochlorothiazide to buy in england prednisone asthma children purchase pariet mg citalopram common side effects renagel usa cvs prices avapro dosage high endep side effects australia flagyl er online pharmacy uk india pharmacies online that sell brand viagra side effects of claritin diarrhea augmentin 625 duo india in order to prove that motrin and ibuprofen are substitutes one should test the brand tulasi buy haridra coupons where to get kamagra oral jelly cialis sublingual discount voucher where to purchase diclofenac how much does avodart cost missed clozaril doses generic clozaril paypal allopurinol generico italiano buy zanaflex online india orlistat in stock generic drugs for flomax where to get live scan in petaluma ca xeloda non perscription countries us online pharmacy no prescription benzac buy stromectol 100mg online exelon shop net can you buy avandamet online safe place order vermox lioresal 40mg advantage of atorvastatin or simvastatin billig lopid online kaufen nexium store interaction drugstore prescription drug celebrex side effects cost of erythromycin ophthalmic ointment unisom express canada nizoral anti dandruff shampoo cvs buy hydrochlorothiazide pills in the uk what drug category is norvasc para que es omifin 50 mg buy cialis super active discount resources for cordarone viagra professional women buy wellbutrin lawsuit 2012 over the counter claritin dosage erythromycin discount no prescription arimidex on line for sale no script order seroquel xr online what is diclofenac gel tablets cheap buy skelaxin online without difference between coumadin generic warfarin cipro online overnight shipping para que sirve el medicamento aciclovir en crema actos drug prices clomiphene citrate pregnancy success imitrex pills cost supreme suppliers sagar avenue amoxil legal in england yeast infection pills over the counter for men meclizine hydrochloride in canada is toradol 10 mg a narcotic pastas para adelgazar xerograx cheap generic viagra professional best place to buy revia generic name for prilosec otc no rx aleve online cheap kamagra sale atorlip-5 in croatia flovent women buy tadalis sx buy canada valtrex coupons 2010 cheap acivir pills buy online how much does cialis daily cost where to buy phenamax revia capsules colchicine dosage fmf bentyl drugstore methotrexate from china cialis 10 mg for sale walgreens mail order pharmacy keflex 250 mg alcohol tofranil without script liquid dramamine review resources for lady era lamisil over counter medicine aleese birth control online without a prescription erythromycin at discount pharmacies buy zerit greece can order revia canada buy dramamine liquid revatio cost comparison generic viagra information on robaxin medication buy abilify generic naprosyn 250 mg tabletta where purchase alesse atarax hydroxyzine hydrochloride buying snovitra super power in manchester lotensin order by phone genuine viagra uk suppliers best place buy omnicef what is the generic name for januvia cheap shallaki buy online claritin online ordering vermox dosage ireland the online drugstore aricept albuterol sulfate inhalation aerosol side effects ponstel side effects uk ovary pain after ovulation on clomid craigslist northern virginia usa how to use lotrisone zoloft echeck buy amantadine perth australia flagyl er cheap uk to buy diltiazem cheap viagra uk only dapoxetine online overnight shipping como comprar florinefe venlor cheap price coreg where can i buy buy venlor online cheap zithromax legal us what is astelin pills used for buy seroquel online no prescription canada sumycin generico online cost of calcium carbonate in india overnight pharmacy cheap bentyl view topic zyprexa with prescription uk cheap alesse online pharmacy mexican flomax accutane dosage mg anti anxiety drugs no side effects what is the medicine carafate used for buying propecia cheap online lasix injection im zentel prospect sirop zebeta medicine buy lanoxin 100mg online best place buy trileptal acticin no prescription needed himcolin pills does cialis 2.5 mg work flagyl er comprar cleocin t topical solution over counter purchase depo provera shot paypal buy now button with options viagra super active over the counter drugs aceon online uk atrovent nasal spray uk maximum dose of wellbutrin xl legal buy prograf online canada generic urispas in usa menosan pas cher much does paroxetine cost without insurance sibutramine 15mg buy slow release metformin canada can zithromax be purchased over the counter planes medicos de swiss medical buying brand viagra online can i get allegra over the counter buy pink viagra for women discount canadian pharmacy blopress dosage azithromycin cure chlamydia ketoconazole hair loss women order vpxl online without rx fluoxetine order online lov cost paroxetine us online pharmacy no prescription valtrex doryx reviews acne.org buy brand levitra 200 where can i get cialis online side effects of amoxicillin and clavulanate potassium 875 mg side effects of baclofen pump therapy antibiotic doxycycline and alcohol non prescription anti nausea medicine cheap pain meds online no prescription where can i buy differin clomid ovulation day 9 worldwide pharmacy flovent zyban visa long time side effects brahmi top 10 online haldol sites stieva a tretinoin cream 0.025 overseas pharmacy no prescription oxytrol non persciption suprax himalaya evecare medicine buy xeloda pills online what is the medicine cymbalta used for can buy ventolin over counter france quantity aspirin most over counter aspirin products lamisil online terbinafine antifungals nymphomax generic reviews what are the common side effects of depo provera plendil limited india doxycycl hyc 100mg tab for acne metronidazole antibiotics for bacterial infection pharmacy diet pills kamagra oral jelly india manufacturer best place to order viagra sublingual in us safe amoxil buy coumadin on the internet buy micronase from canada arjuna no prescription overnight delivery pilex himalaya use hospital pharmacy jobs buy lady era mexican pharmacies roxithromycin tablets 300mg used buy-viagra-through-paypal german remedies goa snovitra super power overnight pharmacy what is meclizine 12.5 mg why is there a shortage of acivir pills abilify 10 mg vidal augmentin es rxlist sildenafil citrate tablets 100mg malegra pro 100 cam you buy diflucan over the counter in canada altace canadian pharmacy can you buy citalopram over the counter best place to buy celexa without a prescription
Home Pete Toms LWIB: Updates on Texas Rangers Bankruptcy, the Rule 4 Draft, Plus Tidbits

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 565 guests online

Atom RSS

LWIB: Updates on Texas Rangers Bankruptcy, the Rule 4 Draft, Plus Tidbits PDF Print E-mail
User Rating: / 9
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Monday, 14 June 2010 07:40

Last Week in Bizball by Pete Toms

This week in “Last Week in BizBall“, the Texas Rangers bankruptcy, the Rule 4 draft plus the weekly tidbits.

RANGERS BANKRUPTCY I

This weekend saw reports (here and here) that the creditors of Hicks Sports Group (owners of the voluntarily bankrupt Texas Rangers) continue to insist in bankruptcy court that MLB approved the sale of the baseball franchise to a group led by Chuck Greenberg and Nolan Ryan over a more lucrative bid from Jim Crane. The creditors hope to persuade the judge presiding over the bankruptcy to reopen bids for the team. (LWIB reported on this same matter two weeks ago.) LWIB sports economist Andrew Zimbalist criticized the creditors for holding up the sale of the franchise and predicted that the bankruptcy court will uphold MLB’s authority to approve any transfer of ownership. From the SportsBusiness Journal:

Eventually, it appears that the key issue — who will buy the team and at what price — will be determined by the judge. The judge first must rule on whether or not the bidding for the team will be reopened. If it is not, then it would appear that the Greenberg bid will hold. If it is reopened and there appears to be a higher bid than the Greenberg group’s offer, then the true present value of the bid and the strength of its capitalization must be assessed. If the bid is superior financially, MLB would then have to vet and approve any new ownership group.

Based upon the bankruptcy court decision in the recent Phoenix Coyotes’ case, which showed full deference to the NHL’s internal rules: the general practice for bankruptcy courts to choose the course of action that is least disruptive to the business: and comments made by Lynn in this case, there is little doubt that MLB’s bylaws will be respected.

The agreed-upon sale price for the team and associated real estate is above the 2.5 to 3 times revenue multiple for MLB teams that has applied in recent franchise sales. It is a solid offer and suggests no favoritism or foul play. Rather, it was the product of an open bidding process that lasted nine months and resulted in three final bids toward the end of 2009. The Rangers selected the best bid.

Given all this, it is both peculiar and unfortunate that the secured creditors are holding up the team’s sale….

RANGERS BANKRUPTCY II

(EDITOR"S NOTE: The hiring of Perella Weinberg was first reported by the SportsBusiness Daily) David McLaughlin reported for Bloomberg that the bankrupt Texas Rangers “…asked a judge for permission to hire Perella Weinberg Partners as an investment banker as it works to complete a sale of the team.” From the same report, “In addition to identifying potential investors, Perella Weinberg would “contact and solicit” investors at the team’s request, according to the court filing. The firm also would help arrange financing for the Rangers while in bankruptcy and help structure and execute a sale of the team.”

SELECT READ MORE TO SEE DETAILS ON THE RULE 4 DRAFT, AND THIS WEEK'S TIDBITS

FIXING THE RULE 4 DRAFT

The Rule 4 draft was very topical LWIB due to the hype surrounding #1 pick Bryce Harper in combination with the enormous fan and media interest in last year’s #1 pick Stephen Strasburg. Strasburg joins fellow pitchers Mike Leake and Drew Storen in the class of 09 draftees playing MLB this season. Last season saw Rick Porcello excel in the Detroit Tigers rotation as a 20 year old. The recent excellence of very young players in MLB is not limited to the pitching ranks. 20 year old OF Jason Heyward has posted an .874 OPS after 255 PAs. Heyward was recently joined in the OF ranks of the NL by another prodigiously talented 20 year old, Mike Stanton. Meanwhile, veterans in their mid 30’s such as Jermaine Dye, Jarrod Washburn and Braden Looper remain unsigned well into June. The trend in MLB front offices is unmistakable, young is good, old is…just old. At the same time as young players have become increasingly important to clubs, the argument that “fixing the draft” is key to promoting/preserving/achieving greater competitive balance in MLB finds more converts. LWIB, Wayne McDonnell, Clinical Associate Professor of Sports Management at New York University detailed the “signability” and “slotting” conundrums inherent in the present structure of the Rule 4 draft.

….in 2004, Long Beach State University’s Jered Weaver was arguably the most heralded pitching prospect in the country at the time. In the eyes of many, he should have been the 1st overall pick in the draft by the San Diego Padres. However, he was represented by Scott Boras. Instead, the Padres drafted and eventually signed a high school shortstop by the name of Matt Bush. Unfortunately, Bush has had an injury plagued career in the minor leagues and has had to confront issues off of the field. Currently, he is now a pitcher and is in the Tampa Bay Rays’ organization at the Class A Advanced Florida State League level. On the other hand, Jered Weaver was selected 12th overall and has accumulated a 56-29 career record with an ERA of 3.62 for the perennial favorites to win the American League West, the Los Angeles Angels of Anaheim.

Mr. McDonnell’s deconstruction of the 09 Rule 4 draft includes these observations.

One of the most disturbing issues that will be intensely scrutinized by many over the summer months is the slotting fees. For example, the Kansas City Royals signed a high school catcher (William Myers) drafted in the 3rd round (91st overall pick) to a $2,000,000 signing bonus. This signing bonus was greater than the signing bonuses given to 15 players who were drafted in the 1st round by 14 ball clubs. The Royals actually gave more money to their 3rd round pick than they did to their 1st round pick (12th overall) Aaron Crow. Crow’s signing bonus was $1,500,000. Their 4th round pick (Christopher Dwyer) received a $1,450,000 signing bonus. This signing bonus was greater than the signing bonuses given to 12 players who were drafted in the 1st round by 10 ball clubs.

 For more of Mr. McDonnell’s arguments in favour of reforming the Rule 4 draft you can watch this SportsMoney video segment from Forbes.

TV BROADCAST OF THE RULE 4 DRAFT

Due to different reasons, MLB’s amateur draft has never generated the same level of interest amongst media and fans as do the drafts in the other “big 4” sports. The past two drafts have been covered by MLB Network who obviously aspire to make it more of an “event”. The Sports Media Watch blog reported on the audience numbers. “….first round coverage of the 2010 MLB Draft drew a 0.11 rating (132,000 HHs) on MLB Network -- up from last year's 0.09 (98,000 HHs), but down from a 0.25 (284,000 HHs) in '08, when the event aired on ESPN2.” Will Lingo, the Editor in Chief of Baseball America, praised MLBN’s coverage of the draft but offered some suggestions for increasing the appeal of the event. Mr. Lingo would like to see more players in the TV studio but admits that NCAA regulations make that difficult (if not impossible). “Most of the problem, unfortunately, comes from NCAA regulations. MLB can't pay for the players or their families to attend the draft without running afoul of eligibility rules. And because pretty much everyone in the draft at least wants the option of attending or returning to college, that's a big roadblock.” Mr. Lingo also recommends bringing fans and executives (General Managers/Scouting Directors) to the studio as well as devoting more broadcast time to “draft experts” (this year Jonathan Mayo and Jim Callis).

THE WEEKLY TIDBITS

  • LWIB saw indications that the political compromise necessary to initiate plans for a new Tampa Bay Rays stadium could be coalescing. Stephen Nohlgren reported for the St. Petersburg Times:

Construction of a new baseball stadium should begin by 2017, the St. Petersburg Chamber of Commerce advised Thursday, but only if the Tampa Bay Rays agree to stay within city limits.

Furthermore, if the team wants to leave downtown for a site closer to Tampa, the Rays should eventually bring spring training back from Charlotte County.

That's the gist of a letter the chamber sent Thursday to St. Petersburg Mayor Bill Foster. It was designed to "kick start'' negotiations between the city and Rays, said chamber president John Long.

And while the chamber still rejects a move of the Rays to Tampa -- a more accessible location for most of the population in the region -- they've now set a price for the team pursuing a ballpark closer to Tampa: a move of spring training back to downtown St. Pete. We're not sure whether than means a renovated Al Lang Field or what, but let's face it -- important forces in St. Pete are now contemplating a Rays' move away from Tropicana Field. What's now being negotiated: the terms.

  • Through the end of May, attendance in MiLB was up almost 700,000 over last season. See MiLB.com for details.

  • Mike Ozanian of Forbes noted that Orioles owner Peter Angelos is positioned to profit handsomely from the popularity of Nationals pitching phenom Stepen Strasburg. “You see, in order to allow the Montreal Expos to relocate to D.C., Angelos struck a deal with MLB that would eventually give him a controlling share of the MASN regional sports network. MASN televises both Nationals and Orioles games, and its ratings and advertising revenue will surge if Strasburg becomes a flame throwing star. So will the equity value of MASN. And you were wondering how an owner can do such a lousy job running a team yet make a mint from owning it.”

Pete Toms is senior writer for the Business of Sports Network, most notably, The Biz of Baseball. He looks forward to your comments and can be contacted through The Biz of Baseball.

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?