WTF: Texas Rangers Edition

Thursday, July 29th, 2010 | Dylan

The Rangers are likely still paying one of these guys.

The Rangers are likely still paying one of these guys.

By now, you’ve probably heard about the horrible financial crisis the Rangers have been involved in for the past…I don’t know…years.  Nolan Ryan and some attorney from Pittsburgh had a deal in place to purchase the club in January, but creditors (read, the people that the Rangers owe money to(read everyone)) didn’t approve so now the Rangers have gone through a bankruptcy plan that includes an auction next week.  So since the creditors got their way initially, they’re probably happy as pigs in slop now.  Or they’re still bitching.

And who do the Rangers owe the most money to?  None other than A-Rod.  And that millionaire wants every penny.  He filed an objection to the bankruptcy plan because he’s concerned about whether or not he will get his nearly $25-million.  Jeez, A-Rod, can’t you just be cool.  Just be cool for once in your life.

That’s all the boring part of the news, however.  Because A-Rod is only one of the players that the Rangers still owe money to.  And the others paint a pretty clear picture of how they got into this mess in the first place.

Other former players among the list of creditors include Kevin Millwood ($12.9 million); Vicente Padilla ($1.7 million); Mickey Tettleton ($1.4 million); and Mark McLemore ($970,051.97).

The Rangers signed Millwood to a 5 year $60-million contract in 2006.  He went 48-46 in his four seasons with the team.  Padilla also made about $12-million per year while playing with the Rangers.  He went 43-34 before Texas pawned him off to the Dodgers midway through 2009.  McLemore hasn’t played ball since 2004!  And he hasn’t played for the Rangers in more than a decade.  And of course, Mickey Tettleton is 79-years-old.

I obviously don’t really understand how the financial aspects of MLB teams work, but how the hell can any professional organization get away with not paying its employees for 13 years?

‘Checks in the mail, Mick.  I promise.’

13 years later…

‘Sorry, Mick.  Clerical error.  But, the money is on the way.  Really.’

13 more years later…

‘Jesus, you aren’t dead yet?  Shit.’

Mark Cuban is reportedly thinking of buying the team and I doubt he would stand for that bush league crap.  Of course, I wouldn’t expect Nolan Ryan would either.  Or…well, any self-respecting businessman.

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2 Comments to WTF: Texas Rangers Edition

LtShineySides
July 29, 2010

So, you’re saying W pulled out of the Rangers franchise and it went to hell. Now who misses my buddy Dubya?

Dylan
July 29, 2010

George W. Bush, better than the worst ever since 1946.

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