Frank McCourt ran off and aired his dirty laundry very early this morning in Delaware.
Because that’s the earliest court open for business to start the business week?
The Dodgers’ Chapter 11 bankruptcy filing — actually listed as the Los Angeles Dodgers LLC, Los Angeles Dodgers Holding Company LLC, LA Holdco LLC, LA Real Estate Holding Company LLC, and LA Real Estate LLC — means that if McCourt is allowed to restructure, he’ll get through this upcoming June 30 payroll issue, keep the Dodgers a little longer, and buy more time to figure out how to escape with a new TV deal — maybe from Time Warner this time around instead of Fox.
McCourt will go to court Tuesday and tell a judge he can make payments for now with $150 million on hand, reorganize, and fend off MLB Commissioner Bud Selig taking the team away.
Meanwhile, according to the document (linked here), those owed money by McCourt is spelled out quite clearly.
Top of the list: Manny Ramirez, just shy of $20 million.
Andruw Jones: $11 million. Still owed for hitting .158 with three homers.
If only either of them were still with the team, it might be a little easier for fans to stomach.
Hiroki Kuroda ($4.48 million) and Rafael Furcal ($3.7 million) are first up as active players. There are only six active Dodgers on the list of the top 40.
The Chicago White Sox are next, at $3.5 million. That’s because the Dodgers agreed to keep paying part of Juan Pierre’s salary after they gave him away.
Ted Lilly ($3.4 million) and recent draft signing Zach Lee ($3.4 million).
Former Dodgers pitcher Kaz Ishii – a name we haven’t heard since 2004 — gets $3.3 million.
Juan Uribe ($3.2 million) and Matt Guerrier ($3.09 million) are next.
Pierre shows up again, as a person: $3.05 million.
Another ex-Dodger, Marquis Grissom, at $2.7 million.
Jon Garland needs $1.2 million.
Levy Restaurants is owed $588,000. That’s more than Andre Ethier ($559,000).
The list goes on the top 40 — including KABC Radio ($273,321) ahead of Matt Kemp .
And then there’s Vin Scully ($152,778).
He has to be dragged through this now? And he isn’t paid more?
Agent Scott Boras isn’t listed, but his clients are Ramirez and Jones.
If the MLB wants to protect any more innocent victims, it might want to act quickly.
“The Dodgers have delivered time and again since I became owner, and that’s been good for baseball,” McCourt said in a statment today.
“We turned the team around financially after years of annual losses before I purchased the team. We invested $150 million in the stadium. We’ve had excellent on-field performance, including playoff appearances four times in seven years.
“And we brought the Commissioner a media rights deal that would have solved the cash flow challenge I presented to him a year ago, when his leadership team called us a ‘model franchise.’
“Yet he’s turned his back on the Dodgers, treated us differently, and forced us to the point we find ourselves in today. I simply cannot allow the Commissioner to knowingly and intentionally be in a position to expose the Dodgers to financial risk any longer. It is my hope that the Chapter 11 process will create a fair and constructive environment to get done what we couldn’t achieve with the Commissioner directly.”
MLB had no immediate comment.