News for 10/19/12 (plus Young trade thoughts)
Update 10/20 3:00 PM – The A’s front office decided to kick off the hot stove league early by trading IF Cliff Pennington and 3B prospect Yordy Cabrera to Arizona for CF Chris Young (not that Chris Young) and $500,000. This has immediately led to speculation regarding the future of current CF Coco Crisp, who is scheduled to earn $7 million in 2013 and has a $7.5 million club option for 2014 ($1 million buyout). Young is due $8.5 million in 2013 and has a $11 million club option for 2014 ($1.5 million buyout). Cabrera was flipped to Miami for reliever Heath Bell.
Pennington was either going to remain a mediocre shortstop or become an okay second baseman surrounded by many other okay second basemen in Oakland. That makes a trade for Young a steal, even if there’s no obvious place for him at the moment. Young came off a subpar 2012 season, especially compared to his 2010 All-Star campaign. September callup Adam Eaton (not that Adam Eaton) appears to be the CF of the future for the Snakes.
The A’s still have something of a logjam at 2B going forward. Jemile Weeks, Adam Rosales, Scott Sizemore, and Eric Sogard are on the 40-man roster. Grant Green waits in the wings. Expect more trades.
Much to go over in this edition.
- The NHLPA rejected the NHL’s most recent CBA proposal, which would have had the owners/players revenue split at 50/50. The union responded with three different proposals which would’ve more gradually brought the split down to 50/50. In response, the NHL has cancelled all games through the end of October. At this point it seems highly unlikely that the proposed 82-game compressed schedule could be pulled off. [NHL | Washington Times/Steven Whyno | NJ.com/Charles Curtis]
- The Raiders received a 24-hour extension to the weekly TV blackout deadline imposed by the NFL, and were able to reach the goal of 85% of seats sold for the game Sunday vs. the Jags. Next potential blackout date: the next home game against another Florida team: Tampa Bay. (Also – kind of weird that the Raiders are playing all three Florida teams this season.) [CSN Bay Area/Paul Gutierrez]
- The City of Reno was able to get a ballpark built in the middle of the Great Recession by getting a $55 million short-term loan. That loan will be due before the end of 2014, and the City and Reno Aces are scrambling to refinance the loan. Property taxes used to fund a TIF plan for the ballpark have dropped drastically, forcing the two parties to come up with something else. The Aces, which are owned by Indiana Pacers owner and mall magnate Herb Simon, are willing to pay $1 million in rent per year, with the rest of the $3 million annual obligation split between the City’s general fund, a ticket tax, whatever meager redevelopment money can be scraped up, and other public sources. Simon has threatened to move the team if no deal can be met. The Aces won the 2012 AAA championship and were awarded the AAA All-Star Game for 2013. [Reno Gazette Journal/Brian Duggan]
- Lew Wolff came out against San Jose’s Measure D, which would raise the city’s minimum wage from the state’s $8/hour to $10/hour. Wolff’s argument is that the hike is unfair to hotels and restaurants in San Jose, which could potentially lose business to Santa Clara and other neighboring cities. The hike would also presumably affect seasonal employees at the two stadia Wolff wants to build, the Earthquakes Stadium and Cisco Field. Wolff played down that issue, saying that there’s less direct competition there to affect the Quakes/A’s. The City Council is split on the measure, while Mayor Chuck Reed has come out against it, along with the Chamber and Restaurants Association. My take? I hope it’s passed in San Jose, because like the plastic bag ban that was passed a couple years ago that spurred similar bans throughout the county, it could lead to a minimum wage hike countywide. As I’ve mentioned before, I have relatives who work low-pay, low-skill hotel/restaurant jobs, and they could certainly use the hike – though they don’t work in San Jose proper. [San Jose Mercury News/John Woolfolk]
- Speaking of the Earthquakes, their groundbreaking ceremony is Sunday at 11:30 AM at 1125 Coleman Ave, San Jose. At least 5,500 have RSVP’d for the event, which should break a Guinness record. Walkups are welcome if they bring their own shovels.
- Teams are announcing their ticket prices for the upcoming season. At least in terms of season tickets, the A’s have no change from 2012. The Cubs have announced modest drops in response to a large attendance dropoff, and the crosstown White Sox have announced even bigger cuts. [Chicago Tribune/Paul Sullivan | ChicagoNow, James Fegan]
- The A’s announced their 2013 promotional schedule, and while it doesn’t have everything yet, there are now six fireworks nights instead of the usual five on the slate. There will now be two in August, on the 3rd and 31st.
- The Port of Oakland placed its executive director on paid leave pending an investigation into improper spending and expensing by Port employees. This included a $4,500 tab at a Houston strip club, and numerous other suspect charges in the US and abroad by the Port’s maritime director James Kwon. Abuses could be so widespread as to be institutional. Yesterday, port workers scheduled a protest against fiscal mismanagement. The blowback from this investigation could curtail or place a trained eye on certain Port activities, such as (pre) development at Howard Terminal. Knowing the Port’s history, it’ll probably be more of the same. [SFGate/Matier & Ross | KTVU | SF Business Times/Eric Young]
- Cal may have trouble paying off the $11.6 million annual debt service on Memorial Stadium because of lackluster premium seat sales. This smells a lot like the Mt. Davis deal. [Daily Californian/Justin Abraham]
- The Warriors further explain their SF arena vision, with the help of Snøhetta architect Craig Dykers. The form will be “soft” and “lozenge-shaped”. The Fiscal Feasibility Report unveiled earlier this week can be viewed here. [Golden State Warriors | SocketSite]
More as it comes.