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Blog Entry

New Cardinals manager involved in lawsuit

Posted on: November 19, 2011 1:23 pm
 
Mike MathenyBy C. Trent Rosecrans

How bad is the economy these days? The manager of the defending World Series champions is living with his in-laws.

Or at least that's his legal address, as new Cardinals manager Mike Matheny lost his home and owes more than $4 million after a business deal went bad, according to the St. Louis Post-Dispatch.

Matheny, who is married with five children, stopped making payments on his 17-room home in Wildwood, Mo., in May 2010. The Cardinals told the newspaper they were aware of the situation when they hired Matheny.

"He was very upfront and candid about it from the start of our process," Cardinals spokesman Ron Watermon told the newspaper. "We view this as a personal issue that has absolutely no bearing on his ability to serve as our manager."

Matheny declined comment when asked about the current lawsuit over his failed business venture.

Matheny played in the majors for 13 seasons and earned nearly $19 million during his playing career. He was named the successor to Cardinals manager Tony La Russa last week.

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Comments

Since: Oct 31, 2007
Posted on: November 21, 2011 1:53 pm
 

New Cardinals manager involved in lawsuit

I don't get it! What make's Oquendo qualified for the position???? He has coached for 15 plus seasons, If he was SO qualified to be a Manager.... He'd already be one by now. So i guess what you are saying is, the other teams that passed on him are just like the Cardinals. Why don't you just go ahead and jump on the Cubs bandwagon...Sounds like a better fit for you anyway... Just so you know, been a Cardinal fan for 30 plus years and unlike you I root for the team not individuals like you! I could careless if the team resign Pujols. The way I see it, If the Cardinals don't sign Pujols.... He is no longer a good fit for the TEAM just like your Boy Oquendo....:)




Since: Jan 7, 2010
Posted on: November 21, 2011 12:49 pm
 

New Cardinals manager involved in lawsuit

Jose Oquendo has been with the team for nearly 2 1/2 decades and has no financial issues and doesn't get a shot!?  Wow,  just like the Cardinals.  First McGwire as their hitting coach, the refusal to sign any minority to a long term contract (Yes Albert Pujols), and to get someone who is 4 million in the hole.  In the real world, if you have issues like that you couldn't smell a good job and yet this clown gets one!!  If they don't give Pujols what he wants I'm never going to be a Cardinals fan in life again!



Since: Oct 22, 2009
Posted on: November 21, 2011 3:26 am
 

New Cardinals manager involved in lawsuit

Wow.  Some people are such haters. 

First, none of the players take home what their contract is for.  Taxes (Fed, State, City), Union Dues, Agent fees.  I guess around 60% is their take home. 

Players don't get merchandise money in MLB.  The money gets split evenly among the teams.

Next, while Matheny was a popular player, he wasn't exactly a hot commodity for advertisers.  A few local ads, probably got him some free services from those he advertised for.  There are very few Michael Jordan and Tiger Woods out there.

My last comment, he didn't BLOW the $$.  It says he was in a business deal that went bad.  Real estate, 2008, ring a bell with anybody.  Happened and happens to lots of people.  Hell, Donald Trump has declared bankruptcy how many times?

Mike - Best of luck next year.



Since: Sep 14, 2006
Posted on: November 21, 2011 2:10 am
 

New Cardinals manager involved in lawsuit

How does that saying go/?? Something about unless you have walked a mile in a mans footsteps, you couldnt possibly understand it.....its a LOT of money, but you make more and you spend more. Very few people have the ability to be extremely frivolous with their money....



Since: Nov 7, 2011
Posted on: November 20, 2011 4:15 pm
 

New Cardinals manager involved in lawsuit

 Let  me get this right

    he earned $19 million but that doesn't mean he pocketed that amount More like half after taxes, benefits, etc.
  Poot thing How can he make in on just a few million. Give me a break .




Since: Feb 11, 2009
Posted on: November 20, 2011 2:52 pm
 

New Cardinals manager involved in lawsuit

I love that no one feels for this guy.  19 million does not include any other money he might have earned thru commercials, TV, jersey sales or anything like that.  He could not manage 19 million.  I bet there is not one of us who read at CBSSPORTS that would not have a large chunk of that money left to live the rest of their life on.  I think he will be a bust and oh well, you get what you manage.



Since: Aug 20, 2006
Posted on: November 20, 2011 1:54 pm
 

New Cardinals manager involved in lawsuit

So good of the Cardinal family to help out one of it`s one with a job opening.  Wonder if Mr Pujols is happy about this choice over Jose Oqindo?  $19 million earned & a 17 room home/estate....no reality there. Hopefully he doesn`t have any Lenny Dykstra like things hidden eh Cards?



Since: Mar 17, 2008
Posted on: November 20, 2011 7:57 am
 

New Cardinals manager involved in lawsuit

Just because he earned $19 million doesn't mean he pocketed that amount. More like half after taxes, benefits, etc. Numbers are very misleading, just like huge contracts.Everyone makes mistakes, just some mistakes are magnified. Still, it is not a promising lead-in to a new job.



Since: Oct 23, 2011
Posted on: November 19, 2011 7:58 pm
 

New Cardinals manager involved in lawsuit

I'm pretty sure with the new job He has he will be able to work out a payment plan and some.
Good luck Mike on your new career.



Since: Dec 2, 2007
Posted on: November 19, 2011 7:55 pm
 

New Cardinals manager involved in lawsuit

To quote a famous line, they make a lot of money but they spend a lot of money too!  Give me a million dollars and I garauntee you i'd never be broke again.  What a loser.


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