Tanaka Watch Thread (Cubs Edition)

[DewsSox79]

You are almost 27,000 posts in, and we think too much? Pot meet kettle. :lol:

i dont post stuff like that


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[DewsSox79]

cubs are favorites: 3/2 odd with yanks 2/1 dodgers 5/1 and whitesox 10/1


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[Boobaby1]

cubs are favorites: 3/2 odd with yanks 2/1 dodgers 5/1 and whitesox 10/1


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Where did you get the odds from?

 

[DewsSox79]

Where did you get the odds from?

vegas. its posted on twitter. cubs were 7/1 odds yesterday. crazy turn of events


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[nickofypres]

I can just imagine someone with a gambling problem betting on the Tanaka sweepstakes in Vegas. LOL

 

[nickofypres]

I guess Paul Sullivan was on Mully and Hanley yesterday and said the Cubs' payroll was pretty leveraged and do not have a lot of wiggle room.

I don't know how true that is, but something to throw out there.

 

[DewsSox79]

I guess Paul Sullivan was on Mully and Hanley yesterday and said the Cubs' payroll was pretty leveraged and do not have a lot of wiggle room.

I don't know how true that is, but something to throw out there.

shark would be dealt, ejax would be dealt and possibly castro. Financially the cubs are in trouble but they can shave some off. cubs kinda have to make this move because the mlb will step in at some point if the cubs keep having money restrictions due to the debt.


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[Boobaby1]

I guess Paul Sullivan was on Mully and Hanley yesterday and said the Cubs' payroll was pretty leveraged and do not have a lot of wiggle room.

I don't know how true that is, but something to throw out there.

With a payroll at 70 million and change, how could you not have some wiggle room?

Rickett's forked out 20 million for a fast food chain, built an academy in the Dominican, a new complex in Arizona, and also said Tanaka was his top priority. He needs to find the wiggle room that it takes to land him.

 

[Boobaby1]

I can just imagine someone with a gambling problem betting on the Tanaka sweepstakes in Vegas. LOL

Hell, they gamble the over/under on the length of the National Anthem for the Super Bowl. Vegas will put odds on anything if you want to bet it.

 

[DJMoore_is_fat]

I can't wait for MLB to intervene with what's happening here in Chicago. The financial restrictions have decapitated our franchise. It's really unlike anything I've seen before.The Cubs have historically had poor ownership but Ricket's is in rare company now. I find it hard to believe that he didn't have financial guys in place informing him of the financial ramifications of buying the Cubs. You can't tell me this was totally unforseen and he never could have imagined that this would occur.

To have a payroll down to $70M and headed for $60M in 2015 - it's incredible to me. Equally as hilarious is Theo/Jed paying Edwin Jackson $15M/year with our budget restrictions. I do feel somewhat sorry for Theo/Jed because I'm sure they were mis-led with their financial budget - but they've helped deliver this Death Sentence.

The Cubs franchise I've loved for 33 years is on the brink of elimination. Scary my grand kids will grow up in a city where the White Sox are the only team.

 

[CSF77]

With a payroll at 70 million and change, how could you not have some wiggle room?

Rickett's forked out 20 million for a fast food chain, built an academy in the Dominican, a new complex in Arizona, and also said Tanaka was his top priority. He needs to find the wiggle room that it takes to land him.

Long story but the basics: MLB have rules set on amount of debt vs Revenue.

Zell sold the Cubs in a leveraged partnership 95%/5% over 7 years to avoid paying 300 mil in tax on the sale. So Rickett's payed 150 mil down then loaned 700 mil. (Not sure who is paying the interest rates either Zell or the Trib.)

after the time period Zell will take the 700 mil clean with out paying tax on it. Then the Rickett's can start to pay off the debt.

The IRS is currently going after Zell/Trib over the deal because it was shady.

As far as how it affects the Cubs: They can not spend over their limit or it will ex cede the set limits of debt to Revenues.

So to add payroll they have to add via outside resource IE: scoreboard/signs/tv deal etc.

It really has nothing to do with how much cash the Rickett's has and just spending to solve. They were hand tied by the agreement to buy and MLB's code.

 

[jooo83]

Long story but the basics: MLB have rules set on amount of debt vs Revenue.

Zell sold the Cubs in a leveraged partnership 95%/5% over 7 years to avoid paying 300 mil in tax on the sale. So Rickett's payed 150 mil down then loaned 700 mil. (Not sure who is paying the interest rates either Zell or the Trib.)

after the time period Zell will take the 700 mil clean with out paying tax on it. Then the Rickett's can start to pay off the debt.

The IRS is currently going after Zell/Trib over the deal because it was shady.

As far as how it affects the Cubs: They can not spend over their limit or it will ex cede the set limits of debt to Revenues.

So to add payroll they have to add via outside resource IE: scoreboard/signs/tv deal etc.

It really has nothing to do with how much cash the Rickett's has and just spending to solve. They were hand tied by the agreement to buy and MLB's code.

But what is the limit?

 

[Jntg4]

But what is the limit?

10 times it.

 

[CSF77]

I'm not 100% sure how it works.

Say the Debt is 700 mil.

Revenues have to exceed 10% or 70 mil.

Profit= Revenue - expenses

So it should not be related to profit margine.

So the whole situation is really not clear to me.

 

[DewsSox79]

reports on the score believe he gets 170 million. **** that shit!


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[CSF77]

reports on the score believe he gets 170 million. **** that shit!


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I hope the Cubs do. The way I look at it is what are they spending on right now?

Nothing

Their future talent is coming via farm. Or lower comitment.


This team should be able to run a 100 mil payroll even with the restriction going on. Right now they are looking like a 72 mil payroll. That is 28 mil room to add on.

 

[DewsSox79]

I hope the Cubs do. The way I look at it is what are they spending on right now?

Nothing

Their future talent is coming via farm. Or lower comitment.


This team should be able to run a 100 mil payroll even with the restriction going on. Right now they are looking like a 72 mil payroll. That is 28 mil room to add on.

that makes no sense. why blow 170 million right now. you wait and spend that money a guy like david price or other players to fill holes. most logical cubs fans wouldnt sign off on 170 million


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[Shawon0Meter]

So that's probably 7/170?

 

[chibears55]

that makes no sense. why blow 170 million right now. you wait and spend that money a guy like david price or other players to fill holes. most logical cubs fans wouldnt sign off on 170 million


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depends on the years.. if its 7-8 yrs.. your looking at 21-24 per.. if he indeed the type of starter he hyped up to be, he locked up long term.. have to believe there options too.

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[dabynsky]

So that's probably 7/170?

Well is 170 million with the 20 million posting fee or not? I would have to imagine it would include the posting fee. That would make the AAV about 21.5 million. Would I be happy that it costs that much? No, but this would certainly be a big ticket item. And as much as I hate long term deals on arms this makes some sense to me given the crazy market. I think he gets less than that when it is all said and done though. I think he gets more in the 18 million AAV range.