Because they just can’t help themselves, the White Sox once again made off the field news this week when an article in Crain’s Chicago Business broke that Jerry Reinsdorf is considering selling the team and/or moving them to a new location when the lease at Guaranteed Rate Field expires in 2029. Alternative locations mentioned in the article were elsewhere in Chicago, the suburbs, or Nashville, Tennessee.
Now, first things first. Reinsforf, who turns 88 next February, is unlikely to sell the team in his lifetime. Reinsdorf made his bones as a tax attorney who was known for having detailed knowledge of the tax code and the loopholes within. It has long been speculated that the team will not sell until after his death to shield his heirs from the capital gains tax that would be owed once the team is sold. Reinsforf and company purchased the White Sox for $19 million back in 1981. Conservatively, the team is worth upwards of $1 billion dollars today and would likely sell for over $2 billion. If Reinsdorf sells, he owes taxes on the difference between the selling price and his initial $19 million investment. If his heirs sell, they will owe tax on the difference between the value when they inherited the team and the selling price. That’s quite a difference.
As for moving, I would be shocked if the team ended up moving out of state. Firstly, there are still six years left on the team’s lease for the current ballpark. A ballpark that, frankly, is in a better condition today than it was the day it opened. The most likely outcome is that Reindorf and company is just rattling the cage in the hopes of getting concessions on a new lease agreement. In the unlikely event the team were to move, the most obvious location would be the current Soldier Field, which the Bears are looking to abandon as they head to Arlington Heights. Tearing down the existing structure would be costly and building something new would be costly (and what about the Fire and summertime concerts?), but could use buyout money from the Bears to cover some of that cost. Suburban locations could also be on the table. The teams fanbase is concentrated in the south and southwest suburbs, though last time they threatened to move they were looking to the northwest. There is too much money to be made in Nashville as an expansion franchise for me to seriously consider that MLB would allow an existing team to relocate there.
All that said, this report will likely turn out to be much ado about nothing. Which is exactly what you want when you’re fighting for a top draft pick in a season you were expecting to be competing for the World Series.
NBC announced their new fall schedule yesterday, one which they hope is strike-proof, between reality programming and shows that were renewed early to keep them in production prior to the strike. The week gets off to a familiar start with The Voice returning for another round on Mondays, followed by The Irrational, starring Jessie L. Martin as the latest behavioral science expert who uses his skills to help governments, law enforcement, and corporations. Tuesday leads off with the week’s sole comedy block, with the Night Court sequel followed by Extended Family, starring Jon Cryer and Abigail Spencer as divorced parents who continue to raise their kids in the family home. That is followed by another hour of The Voice and the rebooted Quantum Leap.
Wednesday and Thursday continue to be dominated by Dick Wolf franchises, with his three Chicago series running back-to-back-to-back on Wednesday and the two original entries in his Law & Order franchise the following night. Found, starring Shanola Hampton as a public relations specialist who helps keep the spotlight on missing children, caps of the night. The Wall kicks things off on Friday, followed by two hours of Dateline NBC. Sunday remains filled with the NFL.
Law & Order: Organized Crime moves to midseason for its fourth season as a new show runner comes onboard. La Brea will return for a shortened third and final season, as will the second half of Magnum PI‘s fifth season. On the comedy side, the George Lopez comedy Lopez vs. Lopez, will be back for a second season while the futures of Young Rock , American Auto, and Grand Crew are up in the air. A second season of Password is also expected, though it is dependent on the resolution of the writer’s strike. New shows for midseason include The Americas, with Tom Hanks narrating a look at the “wonders, secrets and fragilities of the Americas – Earth’s largest landmass and the only one to stretch between both poles,” Deal or No Deal Island, which pits teams against each other and the banker to win lots of money, and an untitled America’s Got Talent spinoff series.
Shows gone from our sets include The Blacklist, New Amsterdam, and possibly others.
In a sad state of affairs for the one-time home of the Must See TV comedy block that dominated the ratings and multiple nights of programming, NBC announced a fall schedule yesterday that contained nary a single comedy and only 3 new shows making the cut. The week gets off to a familiar start with The Voice returning for another round on Mondays, followed by Ordinary Joe, a new heartfelt, life-affirming drama telling parallel stories about a recent college grad and the different paths he could take based on a single decision. Tuesday leads off with more of The Voice, followed by La Brea, an epic adventure that begins when a massive sinkhole opens in the middle of Los Angeles, pulling hundreds of people and buildings into its depths, and, finally, the new season of New Amsterdam.
Wednesday and Thursday have both been turned over completely to Dick Wolf, with his 3 Chicago series running back to back to back on Wednesday. Thursday has been handed over to his Law & Order franchise, with the new L&O: For The Defense leading off the night, followed by the returning SVU and Organized Crime. The Blacklist returns on Friday, followed by 2 hours of Dateline NBC. Sunday remains filled with the NFL.
The comedy lineup won’t be back until midseason, with new shows American Auto, a workplace comedy that takes the wheels off the automobile industry, and Grand Crew, a new comedy from the the Brooklyn Nine-Nine team that proves that life is better with your crew, joining the returning Kenan, Mr. Mayor, and Young Rock. This Is Us will also return at midseason for a sixth and final season. The fate of a number of other shows, including Debris, Ellen’s Game of Games, Good Girls, Manifest, and Zoey’s Extraordinary Playlist, are still up in the air.
Cancelled shows include Connecting and Superstore.
NBC announced their new fall schedule yesterday and changes are afoot. The week gets off to a familiar start with The Voice returning for another round on Mondays, followed by The Brave, a new drama starring Anne Heche which is sure to do well. Tuesday has an attempt at a comedy hour, with Superstore and The Good Place sandwiched in-between The Voice and Chicago Fire. Wednesday has 3 returning dramas, starting with The Blacklist.
The network will try to revitalize the Must See TV brand on Thursday, with the revamped Will & Grace leading off the night and this year’s breakout hit This Is Us, before a dramatized version of the Menendez brothers murders. Blindspot moves to Fridays, where it will lead off the night.
Midseason will bring comedies A.P. Bio, starring Patton Oswalt, and Champions, from executive producer Mindy Kaling. On the drama side, there is Good Girls, about suburban moms who decide to start robbing banks, Reverie, starring Sarah Shahi as a hostage negotiator, and Rise, from the people behind Parenthood. Timeless, which was cancelled last week and then not cancelled, will also return at some point.
Cancelled shows include The Blacklist: Redemption, Chicago Justice, Emerald City, Powerless, Trial & Error, Grimm, and The Celebrity Apprentice.