Anatomy of a scandal

When a political scandal hits, you can always expect things to happen in this order: 1. Denials that anything happened; 2. Denials that that which happened was inappropriate; 3. Admissions, either tacit or explicit, that that which happened was inappropriate in an effort to minimize the damage; and 4. Heads rolling. We’re now at step […]

Cuban’s side of the story

Mark Cuban isn’t going to be the next Cubs’ owner, and today on his blog he tells us why he thinks that is. He blames a lot of things — Jerry Reinsdorf and the capital and credit markets to name a few — but never once mentions that he’s being sued by the SEC for […]

Baseball’s Law Firm

Here’s a story from Saturday’s Milwaukee Journal-Sentinel about the relationship between the Foley & Lardner law firm and Major League Baseball: Mary K. Braza, the head of the sports industry team at the Foley & Lardner law firm, has a nice view of Milwaukee and Lake Michigan from her office at the U.S. Bank Center. […]

The House That Corruption Built

We’ve long known that the Bloomberg Administration bent over to deliver all manner of financial favors to the Yankees, but now the emails are out, and it’s pretty ugly: Mayor Bloomberg’s aides secretly pressured city tax assessors to inflate the value of land under the new Yankee Stadium so the team could qualify for nearly […]

50 most influential

Sports Business Journal has released its annual 50 Most Influential in Sports Business list. Your top baseball guy is, no surprise, Bud Selig at number 6. Part of the comment on Selig: “While he’ll never be fully appreciated or beloved by the public, Selig remains highly popular with club owners and fully secure and effective […]

Moores to sell the Padres

It’s the divorce that keeps on taking: San Diego Padres owner John Moores told this weekend that he has hired Goldman Sachs to identify potential buyers for the ballclub. Moores, who bought the team in 1995 for approximately $80 million, said the international banking firm has been hired as a financial advisor to study […]

If anything, the ballplayers are underpaid

Chew on this the next time your local columnist spouts off about how baseball salaries are out of step with reality or out of touch or insensitive or whatever the hell else mere economic transactions are incapable of being: Major League Baseball players received about 52 percent of leaguewide revenue last season, said MLB’s Rob […]

And speaking of gambling . . .

. . . Darren Rovell reports that the Wilpons had money tied up with the spectacularly-disgraced Bernard Madoff: It’s believed Madoff and the Mets owners have been connected for at least 20 years . . . The question now is how much money was invested? If we’re talking hundreds of millions of dollars, which is […]

Muera Las Vegas!

Mark Anderson of the Las Vegas Review-Journal polled a handful of Winter Meetings attendees about the viability of major league baseball in Sin City: But even though Major League Baseball isn’t coming to the valley anytime soon, that doesn’t mean it shouldn’t be here. Boston Globe writer Nick Cafardo, who was in town this week […]

Like the Great Depression, but different

The economic downturn hits the bush leagues: At the minor league job fair and trade show, the topic on many minds was the floundering economy, which was expected to have a far more pronounced effect on baseball’s lower levels than on the major leagues. Many minor league teams are searching for creative ways to save […]

Appropos of nothing

Even if Blagojevich hadn’t gotten all extorty with Sam Zell, the state-helping-the-Cubs-with-Wrigley thing would have been sunk by the Tribune’s bankruptcy: Before Gov. Blagojevich’s arrest, his administration and Tribune Co. were discussing a $250 million bond deal for the purchase of Wrigley Field, the chairman of the Illinois Finance Authority said Wednesday. William Brandt Jr., […]

Rule 21(d)

You know, until I read this story, the historical weirdness of baseball — the most anti-gambling of all of the major sports — holding one of its biggest events in a casino hadn’t occurred to me. Really, it was not that long ago when Mickey Mantle and Willie Mays — Mantle and Mays! The two […]

In case you need to buy a Prius during the Winter Meetings

Ryan Ludwick, who played college ball at UNLV, gave some Sin City entertainment and dining advice to Derrick Goold of the Post-Dispatch: Favotite hotel: The Venetian. Favorite show: Lance Burton. Favorite restaurant: Piero’s. Favorite mexican food: Roberto’s Taco shop. Favorite burger: obviously In and Out burger. Favorite auto dealer: Findlay Toyota, got to get my […]

Great Moments in Half-Baked Populism

Bill Shaikin of the Los Angeles Times is uncomfortable with the symbolism of the Winter Meetings in the fabulous Bellagio Hotel and Casino: Reporting from Las Vegas — It’s the symbolism, stupid. As Americans lose their jobs and homes at a frequency unseen in decades, baseball convenes today for its annual holiday shopping spree in […]

Sam Zell’s Nightmare Continues

The Tribune Company could be heading for bankruptcy: The Tribune Company, which is in danger of falling below the cash flow required under its bonds, is trying to negotiate new terms with its creditors and has hired advisers for a possible bankruptcy filing, according to people briefed on the matter . . . . . […]