Debt May Impact Cubs' Free Agency Plans

daddies3angels

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The Cubs are one of nine teams in violation of MLB's debt service rules, and Gordon Wittenmyer of The Chicago Sun-Times hears that the debt might impact the team's ability to pursue big free agents over the next few years. Wittenmyer estimates the debt at $400MM or so.

On paper, a free agent first baseman like Prince Fielder or Albert Pujols would make perfect sense for the Cubs, who have a ton of money coming off the books after the season as Tim Dierkes explained in his 2012 Contracts Issues post. Now their ability to pursue players of that caliber is in question. Chairman Tom Ricketts has been preaching player development since purchasing the team in 2009, and the draft will be even more important if the Cubbies are unable plug holes with free agents.

MLB Rumors - MLBTradeRumors.com
 

daddies3angels

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So glad this guy bought the Cubs so he could drive them to the ground
 
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cubsneedmiracle

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So glad this guy bought the Cubs so he could drive them to the ground

Yes we get it.. You hate the Ricketts..


Actually with almost any ownership change.. especially ones closing in on a billion there's going to be some debt involved.

I think we will be pursuing the big fish if it gets to the sea.
 

nwfisch

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My favorite teams
  1. Chicago Cubs
  1. Minnesota United FC
  1. Chicago Bulls
  1. Chicago Bears
  1. Chicago Blackhawks
  1. Notre Dame Fighting Irish
I may not be Ricketts fan either, but they want to at least please the fans when they come to the stadium. It's still not truly their team either, with the contracts that are still on the books for this year and the next couple of years.

As someone on here mentioned earlier, it was flawed when Mark Cuban not only offered more money to buy the Cubs, but he probably would not have went into debt over it.

What the owners didn't understand is that if the Cubs do well, more people are interested in baseball because they have a nationwide fanbase, and the fact they haven't won anything worth mentioning since 1945.
 

Shawon0Meter

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The Ricketts family was worth about $1.2 billion and bought the Cubs and everything that came with it for like $900 million....that can't be normal, can it? They're poor.
 

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