Dodgers Bankruptcy Links: Tuesday

The Dodgers filed for bankruptcy yesterday, an event that ESPN's Buster Olney ranks among the ten worst chapters in MLB history.  The latest:

  • MLB was happy with today’s events and will move to have monitors re-installed at Dodger Stadium, according to Yahoo’s Tim Brown (Twitter links). MLB will also request a trustee for the team.
  • MLB struck back against Frank McCourt today, blaming the Dodgers' owner for the team's inability to make payroll.  MLB is asking the bankruptcy court to reject McCourt's $150MM loan, which comes with 10% interest and a $4.5MM fee, in favor of their own financing with 7% interest and no fee.  Bill Shaikin of the L.A. Times has all the details.  He notes that the court could decide today which financing to accept.
  • Shaikin has a great primer on this whole mess, using a Q&A format.  He says the essence of the case is whether bankruptcy court can override MLB rules, if Bud Selig revokes McCourt's ownership.
  • The Dodgers should sell off impending free agents like Hiroki Kuroda, Jamey Carroll, and Casey Blake, writes Jon Paul Morosi of FOX Sports, as well as non-tender candidate James Loney.  How about MVP candidate Matt Kemp"We trade him, and we're done," one member of the organization told Morosi.

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