Blog Entry

Report: Dodgers bounce payroll checks

Posted on: June 30, 2011 8:38 pm
Edited on: June 30, 2011 9:39 pm
 
Dodgers Saga
By Matt Snyder

The Los Angeles Dodgers -- who recently filed for Chapter 11 bankruptcy protection -- issued payroll checks to some "game day staff members" that bounced, according to TMZ.com. The website actually obtained a check for $497.54 that shows it was returned to the employee by the bank and was stamped with "refer to maker," which means there were insufficient funds in the Dodgers' account. The check was signed by Dodgers owner Frank McCourt and issued on June 24. TMZ notes the Dodgers said that some checks did bounce but have since been reissued.

I'll pause until the laughter dies down. OK, let's move on to some bad news.

The judge overseeing the Dodgers' bankruptcy hearing set 10 different hearing dates for the case Thursday. The bad news for Dodgers fans and anyone else sick of this mess already -- the latter group includes myself -- is that the last hearing date is set for Jan. 25, 2012 (LATimes.com). So, yes, this is going to drag all the way into next year.

In the meantime, Dodgers employees better not spend their money until their paycheck definitely clears.

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Category: MLB
Comments

Since: Jul 1, 2011
Posted on: July 1, 2011 12:21 am
 

Report: Dodgers bounce payroll checks

I'm really not sure that Bud Selig will be able to get all the egg off HIS face. How in the world could MLB have allowed the McCourts to purchase this team anyway. Clearly a mistake.



Since: Feb 1, 2008
Posted on: July 1, 2011 12:14 am
 

Report: Dodgers bounce payroll checks

Now consider this... Frank McCourt had more success with the Dodgers than anyone in the last 23 years.  Before McCourt, the Dodgers went nearly two decades without a single playoff win; McCourt took them to 2 straight NLCS.  Be careful what you wish for, Dodgers fans.



Since: Jun 10, 2010
Posted on: July 1, 2011 12:11 am
 

Report: Dodgers bounce payroll checks

Let's hope MLB isn't going to impose sanctions on Cubans like the government does.

Let Mark buy this team!



Since: Aug 31, 2006
Posted on: July 1, 2011 12:02 am
 

Report: Dodgers bounce payroll checks

Those bounced checks are collector's items now. Some of them will probably be worth more in a couple of years than the amount they were written for. You figure most people probably have direct deposit, so there can't be many actual checks floating around.



Since: Mar 2, 2008
Posted on: June 30, 2011 11:57 pm
 

Report: Dodgers bounce payroll checks

I see.  Owners of LA teams are clearly the Kings of being cheap-wads these days.  It explains alot about why the NFL avoids the city as much as possible lately.  Owners of LA teams become cheap (LA Clippers), don't pay their fired contractual employees (LA Clippers) and don't even pay their employees (LA Dodgers).  Take the team back to Brooklyn already, at least whomever owns the Dodgers back there will pay everyone.



Since: Jul 24, 2007
Posted on: June 30, 2011 11:44 pm
 

Report: Dodgers bounce payroll checks

Right on Bowman. Frank McCourt financing tactics are the same as the current state of the economy. Use money you don't have, leverage everything to the hilt, borrow more, pay nothing back, file banko, and spend your borrowed funds.  A once proud franchise has been reduced to a pittance of legitimacy by an owner who can be classified as the worst ever owner in Dodger history, if not the worst owner in baseball history. Nice job Frank........you turned 2 decades of proud O'Malley leadership and took a storied franchise to the sunken abyss.      



Since: Jan 2, 2007
Posted on: June 30, 2011 10:54 pm
 

Report: Dodgers bounce payroll checks

Considering at least one check as referenced in the article was issued for Friday, June 24th and McCourt's representatives filed for bankruptcy on Monday the 27th, you can be assured that the judge will not look upon this kindly during any upcoming hearings.  Do we have any lawyers experienced with bankruptcy hearings out there?  Couldn't Frank McCourt also be accused of intentionally floating bad checks since he knew few of the people receiving checks on Friday could have them cleared before filing for bankrupcty on Monday would have frozen all team accounts?  If I'm a lawyer representing anybody against the Dodgers, I'd go for the jugular and accuse McCourt of knowingly issuing checks that could not be cashed in time in order to manipulate the numbers represented as outstanding debts for the team.

To pull that shit on what is likely some hourly, game-day shlub is pretty sleazy.  Bud Selig could actually come out smelling pretty good when the new ownership group is found for the Dodgers.  With McCourt pulling stunts like floating bad checks and trying to claim he saved the team when he took over just makes it that much harder for him to win-- he can't win in the court of public opinion; he can't win with the other MLB owners who put up way more than McCourt did to take control of the Dodgers.

Does anybody out there realize that Frank McCourt laid out less than $30 million to take control of the team.  The purchase price was officially $430 million.  However, $200 million of that came from McCourt signing over real estate he had in South Boston down by the waterfront and taking a $205 million loan from News Corp. against future Dodger income.  Do the math!  The man laid out roughly $25 million cash and bought a major league ballclub and all the surrounding property of Chavez Ravine!  At the press conference on the day the purchase was announced, he claimed he laid out $200 million cash-- bullshit!

CBS Sports, among many "news" outlets have done a piss-poor job shining a light on the finances and bullshit going on in the Dodger front office since this fool took over one of the crown jewels of MLB.  For the last three to four years the McCourt sons have been on the Dodger payroll for a combined $600k while neither one worked for the club in any capacity-- one is at Stanford and the other worked for Goldman Sachs.  McCourt also had the Dodgers pay in excess of $4 million to the John McCourt Company for unknown services to the ballclub.  The divorce papers filed by Jamie McCourt claim the John McCourt Company was used to pay their personal bills and credit card debts -- a major no-no in MLB.  The Dodgers also spun off the parking lots they once owned to a separate corporation-- guess where that money's ending up?



Since: Jul 24, 2007
Posted on: June 30, 2011 10:06 pm
 

Report: Dodgers bounce payroll checks

Frank may have to resort to taking the parking valet tip money to pay concession and other employees. Ohhhh wait......Frank McCourt is the king of leverage.  



Since: Jul 24, 2007
Posted on: June 30, 2011 9:47 pm
 

Report: Dodgers bounce payroll checks

C'mon Frank. The ex wife packs around $700 dollar wallets in $1200 dollar purses for $500 dollar hair and  frost appointments. It's easy to understand why a 150 million dollar loan is like putting a Band-Aid on the San Andreas fault. Game day staff members checks bounce. How humiliating.....but the real questions is...........did Manny get paid. 



Since: Jun 3, 2010
Posted on: June 30, 2011 9:39 pm
 

Report: Dodgers bounce payroll checks

Argo: I added it in there. Thanks!

- Matt


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