Tuesday, June 14, 2011

Manny Screws The Dodgers One More Time

Frank McCourt, owner of the Dodgers, is expected to be able to make his payroll for June 15th, but there are reports that there is no way that he will be able to make payroll for June 30th. A big reason for that is that Manny Ramirez being due $8.33 million of deferred salary, which brings the grand total to somewhere around $30 million (June 15th's was only $10 million). Once McCourt fails to pay his payroll the MLB will officially take over the Dodgers.

This is going to be a growing issue throughout baseball and I doubt the Dodgers will be the last team to be taken over by the MLB. The bottom line is that salaries are completely out of control, and at some point there is going to be a lockout and serious restructuring. McCourt didn't manage his money well from a lot of reports, so it may have been his own fault, but when you read there are 10 MLB teams with huge amounts of debt you know something it wrong.

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