On Tuesday the Los Angeles Dodgers got approval Tuesday to enter into a $150 million bankruptcy financing arrangement to keep the team from failing to make its payroll. Unfortunately, some employees were not spared from money problems.
On Thursday a Dodgers spokesman confirmed that the paychecks of some part-time staffers bounced. Apparently, the Dodgers’ accounts were frozen for 48 hours after the team filed for bankruptcy on Monday.
At this point it is unclear how many employees saw their paychecks bounce, but some security personnel and ushers were affected. In a perfect world, some of the Dodgers more highly-paid players would have told the team to take care of the low-level staffers first, before addressing their pay, but you can’t blame the players for management’s inability to balance the books.
As Buster Olney pointed out earlier today, the Dodgers not only have an owner who siphoned off more than $100 million in revenue, they’ve also made some pretty awful contract decisions. Ted Lilly (5-8, 4.97 ERA) will make $10.5 million in 2012 and $12 million in 2013, Chad Billingsley (7-6, 4.22 ERA) will make $9 million, $11 million and $12 million over the next three seasons, and Juan FREAKING Uribe (.206, four home runs, 24 RBI) is signed through 2013 for $15 million over the next two seasons.
The Dodgers also still owe a ton of money to players who aren’t even on the roster anymore. We’ve mentioned that Manny Ramirez is still owed around $20.9 million by the team, but there are others on that list that are just as laughable. Thanks to Business Insider’s Sports Page we have the following numbers:
-Andruw Jones is owed $11 million (he played just 75 games for the Dodgers in 2008, hitting .158 with 14 RBI).
-Kazuhisi Ishii is owed $3.3 million. He has been out of baseball since 2005.
-Juan Pierre is owed $3.2 million and hasn’t played for the team since 2009.
-Marquis Grissom is owed 2.7 million, he last played for the Dodgers in 2002 and has been out of baseball since 2005.
That’s more than $41 million for five players who no longer play for the Dodgers.
Suddenly I’m not so upset about being a fan of a small market team.