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« Ricciardi: Jays "Have To Listen" On Halladay | Main | MLBTR Chat Transcript »
TUESDAY, 1:06pm: ChicagoBusiness.com passes on a Reuters report informing us that the Tribune has not reached a final agreement with the Ricketts family or Marc Utay, who submitted a rival bid for the team.
MONDAY, 10:40am: Ameet Sachdev reports on ChicagoBreakingNews.com that Tribune Co. has reached a deal to sell the Cubs and Wrigley Field to the Ricketts family for about $900MM. The deal must now be court-approved and accepted by other MLB owners. Ben Klayman of Reuters hears that the price is slightly lower than the original bid of $900MM.
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Finally this gets done. Unfortunately all the players that they could have used as trade pieces have lost about half their value.
Posted by: ChiSoxKilla23 | July 06, 2009 at 10:47 AM
god finally, it feels like this team has been for sale forever. well hopefully this works out for the cubs
Posted by: 04Forever | July 06, 2009 at 10:48 AM
im almost glad peavey is sidelined right now, because this thread would become the most obnoxious thread in the history of this site, and that would be quite an accomplishment considering
Posted by: 04Forever | July 06, 2009 at 10:49 AM
Finally, but this means nothing in there playoff hopes they won't make it.
Posted by: kcatlantis | July 06, 2009 at 10:49 AM
umm, the cubs are 2.5 back of two very unsteady teams, they have a more then legit chance of winning...
Posted by: 04Forever | July 06, 2009 at 10:53 AM
ya, i know i was just talking about their curse
Posted by: kcatlantis | July 06, 2009 at 10:55 AM
This just in. It's being reported that Jake Peavy had a miracle turn around in his recovery.
Posted by: cubbyrick | July 06, 2009 at 11:01 AM
Now go get either Dan Uggla or Freddy Sanchez for 2B.
Posted by: jlb1980 | July 06, 2009 at 11:18 AM
Re: Pedro and Peavy
The Cubs don't need pitching. They need hitting. Who are the top candidates for a trade? I don't know. But I'd love to see someone like Holliday roving the Wrigley outfield (pipe dream, I know).
Posted by: Trivia Jockey | July 06, 2009 at 11:18 AM
I must ponder this, is Jim Hendry's job secure?
Posted by: melonis rex | July 06, 2009 at 11:19 AM
Good now take Lowe's contract off our hands.
Posted by: Bravesfansince1990 | July 06, 2009 at 11:20 AM
Now we know what we can do with our money. If Hendry needs to make a deal, he can make it.
Posted by: baseball52 | July 06, 2009 at 11:39 AM
Now go get either Dan Uggla or Freddy Sanchez for 2B.
Posted by: jlb1980 | July 06, 2009 at 11:18 AM
Why would you want Uggla? You don't think the Cubs have enough .220 hitters that do nothing, but strike out on the team? Here's the problem the Cubs have, they don't have anyone in the minors to trade other then Vitters, who is in A ball still. We've already seen the Cubs move this year, his name was Jeff Baker.
Posted by: ibleedcubbieblue | July 06, 2009 at 11:49 AM
The other thing is being an attorney myself, I can tell you that the Cubs aren't going to get any type of clearance to add any payroll until this case goes through the bankruptcy courts, which will end up being way after the July 31st deadline.
Posted by: ibleedcubbieblue | July 06, 2009 at 11:51 AM
Also just said the deal won't close until August at the earliest so whoever the goof that wrote this and put this might give the Cubs the ability to add payroll didn't think before he typed.
Posted by: ibleedcubbieblue | July 06, 2009 at 11:53 AM
Can't they get clearance from the Ricketts Family to add payroll since they are going to be the ones taking on all of the salary anyway. It seems to me that was being talked about earlier in the year.
Posted by: BOBBY P | July 06, 2009 at 12:00 PM
And even if the sale is somehow finalized before the trade deadline, who says the Cubs can pull off any trade given the amount of time they would have and the amount of usable prospects. Jake Fox Randy Wells Sam Fuld and Hart are the fisrt people I would ask for any trade if I were the other team and I don't know if those palyers would get you much of anything. Plus they are helping out our team right now and we can not afford to lose them with Soriano Bradley and Soto all slumping. And The Ricketts family might not even want to add payroll until after the season becasue they just spent 900 Million to buy the cubs and had to get loans to do so.
Posted by: BOBBY P | July 06, 2009 at 12:04 PM
Its about time, the Cubs are not of the playoff hunt. Getting 3 good pieces off DL Guzman ARam and Johnson will help. I hope they can add payroll they could use another starter as Harden has gone south and will not be reisgned and Freddy Sanchez would be a nice fit.
Posted by: ryno23 | July 06, 2009 at 12:09 PM
No because the bankruptcy court has to approve the sale of the Cubs to Ricketts. They won't approve them to add payroll before they approve the sale. The Cub's bankruptcy court hearing dates are after July 31st.
It's somewhat similiar to Chrysler, where they made them close alot of dealerships and restructure the company even though everyone knew Fiat was going to buy them. They still had to downsize and cut costs. The Cubs don't have to downsize since technically they are just an entity owned by a bigger corp. The Tribune Company has to downsize, and they are doing that by selling the Cubs, but until the new owner actually takes control,and is approved by the bankruptcy courts, the Trib still owns them. The problem is the hearings to with the bankruptcy court won't be until after July 31st
Posted by: ibleedcubbieblue | July 06, 2009 at 12:09 PM
"Why would you want Uggla? You don't think the Cubs have enough .220 hitters that do nothing, but strike out on the team? Here's the problem the Cubs have, they don't have anyone in the minors to trade other then Vitters, who is in A ball still. We've already seen the Cubs move this year, his name was Jeff Baker."
Even with his .223 batting average, which happens to be a function of an absurdly low .242 BABIP, Uggla would be a huge upgrade for Chicago.
He's a solid defensive second baseman and he's got big time power.
He's increased his walk rate up to 13.8% this season, so he still has a solid .333 OBP, and 28 XBH (15 HR) have lead to a .209 ISO, which is good even if it's not quite on the 2007-2008 level, and that's likely been affected by his BABIP as well.
Uggla is one of the best second baseman in the game and he was a 4.9 WAR player as recently as last season, I don't know why anyone outside of Philly, Boston, Texas, etc. would ever NOT want this guy.
Also,
I think that the Cubs have a couple pieces outside of Vitters, who I personally wouldn't include in a trade for practically anyone. He's going to shoot wayyyyy up prospect charts at the end of this season, and the Cubs will likely need him at third in the future, with Aramis moving over to first when Lee leaves.
Guys like Jay Jackson, Andrew Cashner, Ryan Flaherty, Starlin Castro, Dae-Eun Rhee, Hak-Ju Lee, Tyler Colvin, Sam Fuld, Jake Fox, Chris Carpenter, Welington Castillo, Tony Thomas, and Dan McDaniel are all at least interesting pieces, and I think that guys like Jackson and/or Cashner could headline a deal for a solid hitter, although not one on the Holliday/Martinez level.
Then again, I think that moving Soriano down in the order is a huge move, even if it was obvious that it should've been done months, or even years, ago. Soto, Bradley, Fontenot, and Soriano have been affected by bad luck on varying levels, so improved performance can be expected from them going forward. And I really don't think that people quite realize how important Aramis Ramirez is to that lineup, or how good he really is. It seems like he always comes up big on days when the other bats are silent, and he rarely has an at bat that you wouldn't at least consider to be productive. Ramirez is one of the best hitters in the game and the glue to that lineup, and I really think that his return is going to make a massive difference in that offense. And if he doesn't, then I'm not sure that they make the playoffs, which is sad considering how solid the pitching has been.
Posted by: scribbletone | July 06, 2009 at 12:17 PM
If you don't think the Cubs are in the playoff hunt, you're not following baseball.
Posted by: baseball52 | July 06, 2009 at 01:06 PM
Now it's time to start raising prices on the hayseed FIBs to start getting their money back on the deal.
Posted by: leader_of_the_pests | July 06, 2009 at 10:48 AM
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Wow, you really are the most ignorant d-bag in the history of this board, aren't you? Your use of the term "fib" identifies you as being from Wisconsin, so explain to me how anyone from an insignificant backwater like Wisconsin is qualified to refer to anyone else as a "hayseed"? There is not one town in that entire expanse of cow manure that can come close to the beauty & grandeur of Chicago.
Posted by: Pinky29 | July 06, 2009 at 01:10 PM
Getting Uggla will give you an average 32/95/.257 line. This way the Cubs could use Andy White or Mike Fontenot as trade bait and have the other as the back up middle IF.
Posted by: ryno23 | July 06, 2009 at 01:14 PM
"Wow, you really are the most ignorant d-bag in the history of this board, aren't you? Your use of the term "fib" identifies you as being from Wisconsin, so explain to me how anyone from an insignificant backwater like Wisconsin is qualified to refer to anyone else as a "hayseed"? There is not one town in that entire expanse of cow manure that can come close to the beauty & grandeur of Chicago."
Heh, yeah, take that Wisconsin!!
Posted by: scribbletone | July 06, 2009 at 01:14 PM
Not all of us from Wisconsin are ignorant and d-bags.
Posted by: ChiCubs12 | July 06, 2009 at 01:32 PM
“I must ponder this, is Jim Hendry's job secure?”
I have my fingers crossed. But it probably wont happen until the offseason :(
“Also just said the deal won't close until August at the earliest so whoever the goof that wrote this and put this might give the Cubs the ability to add payroll didn't think before he typed.”
This is what I figure. And let us not forget, it wasn’t like getting the money in order was easy – are we so sure we would be able to raise payroll if it did clear any earlier?
Posted by: SuzysMan | July 06, 2009 at 02:06 PM
"I have my fingers crossed. But it probably wont happen until the offseason :("
I think that a lot of Cub fans have hope that the Ricketts family will change that team.
With the fanbase and revenue that the Cubs have, they should have a payroll that at least comes somewhat close to the Yankees, and with a Chicago-based family finally owning the team, you can expect the ownership to persue winning championships, rather than making a profit, which was clearly the goal of the Tribune.
I wouldn't mind seeing a good bit of turnover in the front office, and the roster too, but unfortunately, Hendry handed out a lot of contracts that won't be easy to move.
Posted by: scribbletone | July 06, 2009 at 02:21 PM
This just in. It's being reported that Jake Peavy had a miracle turn around in his recovery.
Posted by: cubbyrick | July 06, 2009 at 11:01 AM
here comes pedro
Posted by: matt | July 06, 2009 at 11:02 AM
Now go get either Dan Uggla or Freddy Sanchez for 2B.
Posted by: jlb1980 | July 06, 2009 at 11:18 AM
Re: Pedro and Peavy
The Cubs don't need pitching. They need hitting. Who are the top candidates for a trade? I don't know. But I'd love to see someone like Holliday roving the Wrigley outfield (pipe dream, I know).
Posted by: Trivia Jockey | July 06, 2009 at 11:18 AM
good ideas guys but i love 2 see sanchez or hoilladay more and get peavy next year!!!!! we have prospects and good relations with okland i smell a deal
Posted by: Wrigleyterror37 | July 06, 2009 at 02:25 PM
Holliday for Cashner, Flaherty, Colvin and Fox?
I'm sorry, Oakland, but I just absolutely would not give up Josh Vitters for a half-year of Holliday.
Vitters has a chance to be a really special hitter.
Posted by: scribbletone | July 06, 2009 at 02:44 PM
Scribbletone,
We have 10 players in 2010 making just short of what we are paying this club this season.
Dempster (12.5), Lilly (12), Samardzija (3), Zambrano (17.9), Lee (13), Miles (2.7), Ramirez (15.8), Bradley (9), Fukudome (13) and Soriano (18) make a combined $117 million in 2010.
Our 134 (after eaten costs) is third in payroll already this season (to the Yankees and Mets), and with only 10 players making 117 for 2010, we should pass that mark just keeping talent comparable to what we have.
After that, there are 7 players making 93 million in 2011 (Dempster, Samardzija, Zambrano, Ramirez, Bradley, Fukudome and Soriano)
Hendry screwed our club, and even if additional money is added, most of it will just go to the raises he promised.
Posted by: SuzysMan | July 06, 2009 at 03:31 PM
what is the world do you do with Holliday, where do you play him,
Here is the reality, Cubs biggest need is probably second base, Ugla is not really very good. Freddy Sanchex of a guy like Christian Guzman being moved to second base is the move the Cubs should make.
Posted by: #1Cubsfan | July 06, 2009 at 03:34 PM
Not all of us from Wisconsin are ignorant and d-bags.
Posted by: ChiCubs12 | July 06, 2009 at 01:32 PM
------------------------------
Um, I may be from Chicago originally but I live in Wisconsin too. I was referring to that little pissant specifically as the most ignorant d-bag on this whole board, as there are many d-bags who troll this board and most of them are quite ignorant. The fact that he happens to be a proud Wisconsinite who hates us native Chicagoans is just a coincidence.
Posted by: Pinky29 | July 06, 2009 at 04:01 PM
Here is the reality, Cubs biggest need is probably second base, Ugla is not really very good. Freddy Sanchex of a guy like Christian Guzman being moved to second base is the move the Cubs should make.
------------------------------
If you're gonna get Cristian Guzman, why not play him at SS and move Theriot to 2nd?
Posted by: Pinky29 | July 06, 2009 at 04:02 PM
"what is the world do you do with Holliday, where do you play him,"
You use a Holliday (or any other outfielder) trade as a mode to bench or release Bradley without a grievance from the MLBPA. He's 10 games shy of that option vesting.
Posted by: melonis rex | July 06, 2009 at 04:05 PM
"You use a Holliday (or any other outfielder) trade as a mode to bench or release Bradley without a grievance from the MLBPA. He's 10 games shy of that option vesting. "
Cant bench him, it would be wasting a valuable spot (yes, our bench might suck, but it overflowing with players we need to make up for the deficiencies we have starting.
Besides, Bradley is hitting right now, so it would be hard to get away with a claim of “having a better option”. And we cant bench him for long periods of time due to his mental aspects because it doesnt remove them from the club - if he is there, there is no reason to not have him seeing time, even if as just a pinch hitter.
I am still all for releasing him though, he hurts the club with his attitude, lackadaisical approach and salary much more then he will probably ever help. We just need to do it fast so he doesn’t cost 12 million in 2011!
Posted by: SuzysMan | July 06, 2009 at 04:25 PM
"If you're gonna get Cristian Guzman, why not play him at SS and move Theriot to 2nd?"
Because Theriot is the notably better defensive SS.
"I am still all for releasing him though, he hurts the club with his attitude, lackadaisical approach and salary much more then he will probably ever help. We just need to do it fast so he doesn’t cost 12 million in 2011!"
Yeah, I agree with this. Releasing him would be the smartest idea. It's punting on Bradley turning it around, but who knows what will happen in 2011.
Posted by: melonis rex | July 06, 2009 at 05:21 PM
Zambrano is such a bum. Payin that guy 19 million dollars a year on a long term deal is insanity! The Cubs are saddled in payroll debt from bad contracts (Soriano, Bradley, etc). Dempster is a good pitcher, but he didn't come cheap either.
I thought only the Yankees did such outrageous, ridiculously overpriced contracts.
Posted by: optionn | July 07, 2009 at 02:12 PM
Ok, everyone needs to calm down about a lot of things.
1. Hendry as GM. While i know he has signed a lot of high money deals that now look bad, a lot of them were roundly applauded at the time. Remember, Soriano was the best free agent on the market at the time. Fukudome had bigger offers from other teams. Zambrano got the money pitchers with his record get, look around the league. While he did overpay for Bradley, no one could predict the market would completely fall out on other Outfielders and no one would be saying a word if he was preforming. Imagine if he had signed Kerry Wood to a long term deal like people were calling for. Or traded away Derrick Lee, the guy who has basically been caring this team. The fact is the PLAYERS have not lived up to the contracts and that is not always Hendry's fault.
2. This team making a deal. This problem is three fold and there is not much to do. A there is really nowhere to improve this team as 7 of the 8 positions are filled by people that are not moving out of the lineup. B While there are players other teams may want in our minor leagues, there are not making a move warrants losing those players. C There is not going to be a large amount of money added to this team anytime soon. we can only hope this sale is done by Novemeber
3. The Cubs are 2 games back in a winnable division and just got their best hitter and a good bullpen arm back. Cubs fans relax, we have an excellent chance to win this division, and if they keep playing this way, they could be in first by the allstar game.
JUST RELAX
Posted by: jason | July 07, 2009 at 03:55 PM
Jason, on #1 specifically, unfortunately much of it isnt true.
“Remember, Soriano was the best free agent on the market at the time.”
While true, he got paid like he was the best player in the game. There is a big difference between best on market and best in game. He now sits with the 10th biggest contract ever given, and in a tie for the 17th highest annual salary ever.
“Fukudome had bigger offers from other teams.”
True. And this one may hurt less if we hadn’t also signed corner outfielders the year prior, and after as well.
“Zambrano got the money pitchers with his record get, look around the league.”
This one isnt true at all. Zambrano has the 20th biggest contract ever given out, 6th biggest ever to a pitcher, 12th biggest annual salary of all time and 4th highest annual salary to a pitcher. All this while his production matches up best with #2 and #2+/1- pitchers around the league who make 9-13 million a year. He is not elite, he just makes that kind of money.
“While he did overpay for Bradley, no one could predict the market would completely fall out on other Outfielders and no one would be saying a word if he was preforming.”
True on not knowing the bottom would completely fall out (although, it should have been noticed there were more corner OFers then open spots for the OFers to play around the league). The difference is everyone knew he would be a distraction and constantly complain/miss time due to whatever injury he claimed today.
“Imagine if he had signed Kerry Wood to a long term deal like people were calling for.”
Long term deal was never talked about. But offering arbitration so maybe he comes back for 1 year, or we get prospects from DPs if he doesn’t, is almost a no brainer. He failed horribly here by dismissing the possibility and trading a prospect who should have brought more just to save about 5 million with Greg instead.
“Or traded away Derrick Lee, the guy who has basically been caring this team.”
He cant trade Lee. Derrek, just like everyone else he signed, has a full no trade clause. Dempster and Bradley are the only two multi-year players without the no-trade clause. Well, Miles too – but he is hardly a player, lol
“The fact is the PLAYERS have not lived up to the contracts and that is not always Hendry's fault.”
That is true to an extent. The difficulty is that we are paying 117 million next years on 10 players who should maybe cost us 80-90 million max. And since he has been responsible for a truly weak farm system, the overpaying is compounded. Hendry really is still following the Yankees 03-07 game plan of throwing money at top talents, a folly even the Yankees have since reversed. Little to no attention paid to system, all players brought in from showering them with cash and promises – he created his own problems. It is past time he goes.
Posted by: SuzysMan | July 07, 2009 at 06:34 PM
Typed this up before reading SuzysMan's post so I guess I'm just piling on Jason with some similar stuff.........
While Soriano was indeed the top free agent when he signed, it was always bad money and any intelligent fan knew that Hendry bidding against himself and paying that kind of money for Soriano was shortsighted and was going to come back to bite him. Big time.
You're probably right about Fukudome because he certainly generated lots of interest around the league but that certainly isn't a feather in the cap of their scouts.
As for Bradley, you do raise a fair point that nobody knew that the bottom was going to fall out of the free agent market. That being said, they still targeted the wrong guy. If I recall correctly Ibanez had already signed with the Phillies but both Bobby Abreu and Adam Dunn were still available (and remained available for a while) at the time of the Bradley signing. They targeted him and got him early. I'll give you the money but they still went after the wrong guy and that is all on Hendry and whoever else had input in the deal.
Posted by: wisc | July 08, 2009 at 02:18 AM
For the two of you claiming i am so wrong, you seem to admit a lot of truth in what i am saying.
Hendry "bid against himself" and paid so much to get his guy. He wanted to make sure he got the best player on the market that year and as a result was willing to overpay.
I don't understand Suzysman's point about signing corner outfielders? who exactly did we have to play right before Fukudome? if we did not need him we would not have gone after him. And i am not saying that signing him should be a feather, it should just not be thrown back in Hendry's face when others were willing to pay more.
While i know Zambrano struggles at time to be an ace, do not make it seem like the money spent on him is so bad. You want to call his contract high, so be it, but i know coming off some of the years he has had prior to last year. He was an ace with a very good record and worthy of a large contract.
While i will agree they went after the wrong guy as i wanted Dunn from the beginning, on the field Bradley appeared to be a very good option. Again to SUzysman there are many players that are headcases, look at Manny in LA for one. But if you get PRODUCTION, people look past being an idiot. That cannot ALL be on Hendry when the player is not prefroming.
Kerry Wood, had you offered him arbitration, no one would have jumped on him and give up their 1st round pick. sorry to burst your bubble there. second he would have paid 10 million if not more and has been terrible this year. and even with the contract were 3 years it would look just as bad as Milton Bradleys deal at the moment. While i did not like trading Ceda, Hendry went after his guy and got him for a prospect that could end up being nothing.
I know Derrick Lee has a full no trade, but that did not stop 10s if not 100s of people calling for either his trading or benching in favor of Hoffpauir. That is my point, if Hendry listened to every person calling for something, we may not have Lee's current production.
Hendry has put together a team that won the division two years in a row, winning 97 games last year and despite the problems is still in contention this year. He can not be blamed for players doing nothing in the playoffs. And while i give you the farm system is a bit weak, no one would care if we were 5,6,7 games up in the division right now.
Posted by: jason | July 08, 2009 at 03:47 PM
Here's the real thing... Sam Zell is apparently a scumbag and a shady businessman.
www.chitownloucrew.com
Posted by: chitownloucrew | July 08, 2009 at 07:03 PM