Report: Crane Wants $50 Million To Move Astros To AL
According to NY Post: "One source close to the talks said there is a "65 to 70 percent chance" that Selig and Crane will reach a deal. If not, Crane will likely walk away from buying the Astros. MLB and Crane spokesmen declined comment."
7 months ago
clack
32 comments
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Comments
Good for him
Nothing counters blackmail like $50 million dollars.
Jeebus
I JUST WANT THIS DEAL DONE!!
Realignment is a foolish idea, he needs to grt that in his head.
If i were Arnold Rothstein id pay Ryan Braun all the money he
wants to stop going on homer streaks against the poor Astros....
am i the only one?
by ccislanders on Oct 20, 2011 9:27 AM CDT via mobile reply actions
It is a negotioating... there is a mini CBA agreement in the works right now
between Crane and Selig…
Selig says we WILL NOT approve you for ownership unless you agree to move to the AL.
Since staying in the NL is out of the question if Crane wants the team he says fine, I will move the team to the AL if you pony up 50 mil.
Many in baseball want the Crane deal to go through mainly because the high amount he bid on the Astros will boost their franchises value, but he is going to have to move to the AL if he wants to own the team so he is looking for a little of that cash back after the sale.
by Crzycjunx76 on Oct 20, 2011 10:58 PM CDT up reply actions
Another bit of news…DRaysBay reports that Arte Moreno (Angels’ owner), along with the Angels’ president, were seen dining with Andrew Friedman in St. Petersburg. Since the Angels are in search of a GM, that naturally leads to rumors that Friedman could be hired by the Angels.
by clack on Oct 20, 2011 11:27 AM CDT reply actions 1 recs
$50million? Thats all? Youre willing to buy a team for $680 million and all that is offered
is $50million? That’s not really not that much when you take into consideration how much will be lost over all the next several season. I think Id demand more of a compensation package myself.
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50 Million is still a lot of money.
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by Timothy De Block on Oct 20, 2011 12:36 PM CDT up reply actions
The Chronicle has another story which implies that $50 million is what Selig has offered, but not necessarily that it’s the amount requested by Crane. But who knows.
by clack on Oct 20, 2011 12:48 PM CDT up reply actions 1 recs
if it's $50 million by itself
with no other means of compensation then yes I don’t feel like it’s enough. I’m hoping for some other considerations besides money so that we know actual help got to the franchise & not just to cut down the loan by a relatively small amount. The fans deserve to have something to hold up.
If it’s just gonna be straight cash then I think it needs to be more to really make a difference.
by man07 on Oct 20, 2011 1:42 PM CDT via mobile up reply actions
The way Crane is going about this...
That may be pretty much all of the compensation he and the Astros will get; no draft picks.
Why would anyone even think draft picks were on the table?
There’s no way MLB would give a team anything that could be perceived as a competitive advantage. The $50 million will be debt acquired by MLB just to keep from giving a check to Crane, since he could use that, possibly, on free agents. The Astros aren’t an expansion team (the only scenario I could think of where draft picks would be gifted), they’re just moving leagues and divisions. They’re not starting over from square one.
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by BoxyBrown on Oct 20, 2011 12:17 PM CDT up reply actions 2 recs
Draft picks not necessarily unreasonable
Actually, this situation is unprecedented. Never has a team been moved to another league as a condition of the sale. Never has an prospective owner been forced to move AFTER reaching an agreement on the sale. If u look at it from the perspective of the teams in the AL then it’s not too different from an expansion situation.
Anything could be on the table. It just takes someone with stones enough to bring it up.
by man07 on Oct 20, 2011 2:42 PM CDT via mobile up reply actions
50 million is a lot of money, but it’s only 6 or 7 percent of the purchase price. I know that MLB is not going to pick up a huge portion of the tab, but they should sweeten the pot, or soften the blow, a little more than that. And I don’t think draft picks are an unreasonable request — the Astros could possibly get one to soften the blow of Barmes signs elsewhere but that is too much to ask if the Astros agree to change leagues???
I'm seeing reports that 50 Mil is Selig's offer
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by Timothy De Block on Oct 20, 2011 3:12 PM CDT up reply actions
Richard Justice thinks that Selig will try to force McLane to lower his sale price, rather than the money coming from MLB. (McLane already said he isn’t coming off his sale price, when contacted about that idea.) This may well be just surmise on Justice’s part. But, if true, I wonder what the odds are that this could end up in court. This is getting pretty ridiculous.
by clack on Oct 20, 2011 3:18 PM CDT up reply actions 1 recs
I think you may be right ...
… based on the current state of shenanigans, I could see this thing getting tied up in a court somewhere. The implication there is that 2012 would be another season of retarded development just like 2011.
by super_shredder on Oct 20, 2011 4:24 PM CDT up reply actions
As much as this sucks that he might not be buying the team
This could be a good development for the Astros. Obviously, he’s not going to go spend $50 million on the team immediately, but having a lot less debt could prove important as the debt was extremely high in this deal. The financial health of the organization is important if we want to expand the payroll once we get better, and this could go a long way towards getting rid of a huge pile of debt.
This may be a little off the exact topic, sorry, but its been bothering me for a while
I am having a hard time understanding some of the hatred toward Jim Crane about this move. It just seems that some people in Houston have really piled on and blamed him for the move going so far as to disown the Astros because “he is moving them.” I understand that he’s may not be perfect and he’s had a rough few months and that if everything plays out the way it looks he will be the owner when a move takes place but I just don’t really see how it is his fault. Like many of you have said this is the MLB forcing Crane to do this and for a while seemingly threatening not to let him own the club if he didn’t consent. To be completely honest what choice does he have. He agrees to the switch and some fans are mad at him or he doesn’t agree to the switch, he doesn’t get a team and the fans are still mad because whoever does buy the team ends up moving them. I feel like if anything people in Houston should be rallying around Crane but that’s just my opinion.
Sorry for the essay. Thoughts?
I don’t think another owner would move the team, but I agree with you that this isn’t really Crane’s fault.
You might be right. MLB may be more able to push it through with Crane because of his background. Maybe a different owner, one who was without any blemishes, could say no to the move.
by maroonedTexan on Oct 20, 2011 8:52 PM CDT up reply actions
As I’ve said before, to some extent I feel sorry for Crane. He is caught in the middle while MLB basically uses extortion to get what it wants. I also think that MLB has leaked negative information about Crane in order to put more pressure on him.
I think some people feel like he is in a unique position to stop the move if he doesn’t capitulate. However, they are asking a lot from him, since he takes the risk that he will never owning a baseball team. Steve Campbell, the Houston Chronicle writer, makes this case (“Crane is in more of a position of power than people think”):
Assuming Crane and his investors aren’t desperate to get a deal – any deal – done, they’re in more of a position of power than people might think. If the sale goes through, it raises the value of the other 29 franchises. And if there were a long line of other buyers waiting to shell out $680 million for the worst team in the major leagues, McLane wouldn’t be so intent on pushing through this particular deal. MLB would not be wise to keep the ownership situation in any market, let alone one in the fourth-largest city in the county, in limbo when there is a ready, willing and able buyer.
I know that Sturt (who posts here sometimes and quite often at Astrosdaily) makes the argument that Crane has the leverage if he is willing to wait out (or call the bluff) of Selig. MLB has to get the realignment done in the next couple of months…there are a number of deadlines that creates the rush to get the Astros moved. If they let Crane walk away, there is no reason to believe that any sale will occur soon enough to meet the realignment deadlines. However, I don’t know if it’s fair to expect Crane to take that kind of risk.
by clack on Oct 20, 2011 8:52 PM CDT up reply actions 1 recs
I think this is Crane’s last chance to get a team though. If you look at this from an economic standpoint Crane might be able to stop it if he really wanted to but the risk for him is way to great for the potential reward. If he wins in a fight over the issue we stay in the NL Central, but are not competitive. If he loses though, the owners don’t approve him and will not approve him in any other bids for teams. Then if he lets it go through and gets some monetary relief out of it, we’re still not competitive but at least he gets the debt off quicker and can invest in the team more quickly, hopefully making us more competitive sooner.
Not approving him may not be in the best interest of the owners but people don’t always act completely rationally.
by maroonedTexan on Oct 20, 2011 9:03 PM CDT up reply actions
The Astros are being sold for $680 million which is a ridiculous amount of money. If the owners don’t approve Crane they’re all taking a hit on the value of their franchise. I don’t think Crane has to move the team to get approved.
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by Timothy De Block on Oct 20, 2011 9:23 PM CDT up reply actions
You’re right it would be a terrible decision by the owners to lose that deal but my thought is the risk for Crane is just to big to force the issue to much. I’m sure he is trying to stay in the NL but I just wouldn’t be surprised if Crane blinks first because he doesn’t want to lose the team.
by maroonedTexan on Oct 20, 2011 9:35 PM CDT up reply actions
it's not just him though
Don’t forget he has a large ownership group supposedly with an 11 person committee that has to vote too.
by man07 on Oct 20, 2011 9:48 PM CDT via mobile up reply actions
will the whole ownership group owe on the nearly 300 million that will be financed? Or is Crane responsible for the debt? If it’s just Crane, the 50 million debt relief won’t mean much to the other investors.
I have read that Crane is personally responsible for the debt. These deals can be so complicated that I can’t say for sure if those statements are accurate.
by clack on Oct 21, 2011 5:27 AM CDT up reply actions 1 recs
If they had the choice, I wonder if Crane and Co. would rather have NL ’stros for 680, or AL ’stros for 630.
It’s a good question. He could be torn. As a businessman $50+ mil off looks really good with all the debt in the deal right now but looking at it from the fans perspective you wouldn’t want to change. It’s a tough spot for Crane you come in and you may be hated for moving the team or you could be hated for not spending money because of the debt.
by maroonedTexan on Oct 20, 2011 9:56 PM CDT up reply actions
Crane has a certain amount of leverage
But I wonder if he can say no and still buy the team. It seems like Selig’s number one priority right now is realignment and adding another wild card team. I think it’s possible Crane could extract quite a bit in the way of concessions from MLB to make the move but I’d bet there will also be a huge amount of pressure from MLB to make the switch “or else”.
http://www.crawfishboxes.com
Crane’s leverage is two-fold: (1) Nobody else is willing to pay as much for the Astros; reportedly his group’s offer was more than $100 million more than the next highest offer; (2) Both MLB and MLBPA face a December deadline for agreeing to a new CBA, and realignment is part of that agreement. In fact, both MLB and MLBA would like to reach agreement much earlier (like before the WS is over) in order for the provisions to take effect for free agency this year.
by clack on Oct 21, 2011 5:35 AM CDT up reply actions 1 recs
If it is true that Selig will not approve a new owner without a move to the AL. Maybe owners should go on strike if they have so little control of their teams.
I have disliked Selig since he made the Astros close Minute Maid Park in 2004 during the World Series. “Unfair advantages” not involving banned substances are every part of the game and more a part of baseball than the Designated Hitter, Two Wild Cards, and trying to have a meaningful All-Star Game. I respect Selig’s desire to have a good brand for baseball so that fans will keep turning to Baseball. However, he should realize far more powerful than any brand is the turn-off of cities devoting millions of dollars to stadiums to be told which league and what style of baseball they will have to watch. An owner should be able to resist any commissioner’s desire to play God with Baseball. It was made once.
























