Nine MLB teams violating debt rules
NewsCore
Share This Story
LOS ANGELES
Nine of Major League Baseball's 30 franchises were listed as violating its debt service rules, the Los Angeles Times reported, with the franchises in the red to more than 10 times their annual earnings.
The Baltimore Orioles, Chicago Cubs, Detroit Tigers, Florida Marlins, Los Angeles Dodgers, New York Mets, Philadelphia Phillies, Texas Rangers and Washington Nationals all fell foul of the agreed limit, the paper said Thursday, citing "information presented in a confidential briefing at the owners' meetings last month."
While the financial plights of the Mets and Dodgers were well documented, former MLB commissioner Fay Vincent said the presence of seven more teams on the list was "troublesome."
MLB's executive vice president of labor relations, Rob Manfred, played down the "snapshot" figure as "misleading" because many of the teams were set to fall back into compliance with the rules.
His view was supported by the chief executive of one National League franchise, who called the figure of nine teams a "hiccup" before adding, "We're still thriving."
The debt service rules were agreed upon during the 2002 labor negotiations following a dramatic rise in club debt that included a $1 billion jump between 1999 and 2001 to take the collective total to $3.1 billion.
Commissioner, Bud Selig can exercise 16 possible actions against teams in breach of the debt rules, the newspaper reported, including requiring league approval of a team's expenditure or even the suspension of a team owner.
Related Stories
Trending Now
-
Phenoms' God complex is our fault
It's scary how we openly worship kids like Wiggins and set them up for failure. -
Victims: Pic of Lillard led to attack
Two brothers allege that people standing near Portland Trail Blazers point guard Dami... -
Report: Bobcats changing to Hornets
A person familiar with the situation says Charlotte Bobcats owner Michael Jordan is c... -
Megatron broke record with injuries
Calvin Johnson is downplaying whatever was wrong with his fingers last year. -
Guns, cash stolen from Ray Rice
Police say the Maryland home of Baltimore Ravens running back Ray Rice was burglarize...
MLB Videos
Miller not sharp against Padres
Posted: May 21, 2013
Shelby Miller comments on his disappointing outing against the Padres.
Shelby Miller comments on his disappointing outing against the Padres.
Denorfia on win over Cardinals
Posted: May 21, 2013
Chris Denorfia responds after the Padres' 4-2 win over the St. Louis Cardinals.
Chris Denorfia responds after the Padres' 4-2 win over the St. Louis Cardinals.
Lindblom falls in first MLB start
Posted: May 21, 2013
Josh Lindblom comments after losing his first career MLB start 9-2 against the A...
Josh Lindblom comments after losing his first career MLB start 9-2 against the A...
MLB Headlines
More Than Sports on MSN
Fox Sports Store
| itemName | itemURL | imageSrc | price | itemDescription |
|---|---|---|---|---|
| Nike New York Yankees Practice T-Shirt - Ash | http://shop.foxsports.com/FOX_New_York_Yankees/browse/featuredproduct/606363/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_606000/ff_606363_xl.jpg&w=100 | 27.95 | Nike New York Yankees Practice T-Shirt - Ash |
| Majestic Detroit Tigers 2012 MLB American League Champions Clubhouse Locker Room T-Shirt - Navy Blue | http://shop.foxsports.com/FOX_Detroit_Tigers/browse/featuredproduct/1064043/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1064000/ff_1064043_xl.jpg&w=100 | 24.95 | Majestic Detroit Tigers 2012 MLB American League Champions Clubhouse Locker Room.. |
| Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room T-Shirt - Gray | http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067359/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067359_xl.jpg&w=100 | 24.95 | Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker R.. |
| Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room Pullover Hoodie - Steel | http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067382/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067382_xl.jpg&w=100 | 54.95 | Majestic San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker R.. |
| New Era San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Room 39THIRTY Flex Hat - Charcoal/Black | http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1067785/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1067000/ff_1067785_xl.jpg&w=100 | 31.95 | New Era San Francisco Giants 2012 MLB World Series Champions Clubhouse Locker Ro.. |
| Majestic San Francisco Giants 2012 MLB World Series Champions Glory T-Shirt - Black | http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1068294/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1068000/ff_1068294_xl.jpg&w=100 | 21.95 | Majestic San Francisco Giants 2012 MLB World Series Champions Glory T-Shirt - Bl.. |
| Majestic San Francisco Giants 2012 MLB World Series Champions Batting Practice Performance Jersey - Black/Orange | http://shop.foxsports.com/FOX_San_Francisco_Giants/browse/featuredproduct/1068787/source/foxsports_prsp_ca | http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1068000/ff_1068787_xl.jpg&w=100 | 94.95 | Majestic San Francisco Giants 2012 MLB World Series Champions Batting Practice P.. |
Member Comments
Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.