Intro
Lil Wayne drops his third installment of the Weezy Sports Network. More videos after the jump.
Posts Tagged ‘Baseball’
Lil Wayne “Weezy’s Sports Corner” Ep. 3
January 29, 2012Prince Fielder agrees to $214 million deal w/ Detroit Tigers
January 24, 2012
Prince pictured above as a kid, son of former Detroit Tiger Cecil Fielder
MLB
DETROIT — The Tigers spent a week reacting to Victor Martinez’s season-ending left knee injury. Their eventual reaction was big enough to be worthy of a Prince.
After supposedly looking for a short-term solution to the void in the middle of their order, the Tigers went big, physically and financially, with All-Star slugger Prince Fielder. On Tuesday, the two sides agreed to terms on a nine-year contract worth $214 million. Congrats!
Albert Pujols agrees to 10 year $254 million contract
December 8, 2011
source: Fox
Three-time NL MVP Albert Pujols agreed Thursday to a $254 million, 10-year contract with the Los Angeles Angels.
Pujols’ contract, which is subject to a physical, is the second-highest in baseball history and only the third to break the $200 million barrier, following Alex Rodriguez’s $252 million, 10-year deal with Texas before the 2001 season and A-Rod’s $275 million, 10-year contract with the Yankees before the 2008 season.
The Angels announced Thursday they were signing Pujols away from the St. Louis Cardinals, who he led to a World Series title this fall.
LA Dodgers owe $555 million, Most indebted Baseball team in history
November 17, 2011
Spotted: Forbes
Whom ever buys the Los Angeles Dodgers in a bankruptcy court-led sale from Frank McCourt will have a stack of IOUs to deal with.
The baseball team and its related entities now owe $555 million, according to people familiar with the finances.
McCourt securitized a large portion of the team’s ticket revenue in two trusts for which there is $390 million of debt attached. Annual principal and interest payments on the debt is around $32 million a year, meaning in 2010 the team, which gets the ticket revenue after the debt payments, would have received $70 million of the $102 million the Dodgers pulled in from ticket sales. For 2011, as attendance fell 17%, the team would have only received about $50 million.
The Dodgers also have borrowed $55 million from Major League Baseball’s credit facility and have used $80 million of debtor-in-possession financing from the league. On top of that, McCourt borrowed $30 million from Fox so he could meet payroll this past season. And the team is not off the hook from paying into MLB’s revenue-sharing system, which cost the Dodgers over $30 million in 2010.
All of these liabilities make the Dodgers, which forbes valued at $800 million in March, the most indebted team in baseball history.
