Since Miguel Montero signed his five-year contract extension, there has been a lot of talk about whether it was good or bad deal, or simply overpaying to keep a guy who is good, but basically the team cannot afford to lose becaus ethey have no one in the minor leagues to replace him.
However, ESPN baseball insider Keith Law says it was a good deal for Arizona.
According to him, had the team waited to try and sign him on the open market, it would have cost even more than the $60 million that it took to extend him. Plus, statistically, he is one of the best catchers in all of baseball and is good on all facets of the job now.
This is what Law said on Friday on the Doug and Wolf show:
"All he's got to do is stay healthy, but that's the caveat on every contract, but especially catchers because they get hurt a lot, but Montero has had basically one major injury so far in his big league career, and it's not the kind of thing you're going to expect to recur."
The money looks like a lot right now. However, considering the inflation of contracts for players at the top of their position, the money will likely be very reasonable. It is possible, though, by the end of the deal that Montero is playing part time at another position like first base, as frequently happens with catchers, but even so, he is still improving.
Sure it cost a lot, but with the young pitching coming up in the system, the team needs a good signal caller and could ill afford to lose him.
At the end of the day, overpaid or not, the deal is a good one right now.
Get more Diamondbacks coverage over at AZ Snakepit.
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Source: arizona.sbnation.com
Body of man in his 20s washes up by derelict pier... carrying nothing to identify him but his car keys - Daily Mail
By David Baker
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The body of an unidentified man was found washed up by a derelict peir in Sussex this morning in what the police have called an 'unexplained death'.
Now as the police desperately try to discover who the man in his 20s is it appears there is nothing to identify him but his car keys.
A member of the public discovered the body by Hastings' derelict pier in East Sussex at 7.30am this morning.
Unexplained: The body of a man in his 20s was found by a member of the public near this stretch of beach in Hastings this morning
Officers have appealed for help in trying to identify the man, who had been in the water for up to 24 hours, a Sussex Police spokeswoman said.
Having searched the man's soaked through clothes for signs of his identity there was little to help reveal who he is.
According to the police, they are focusing their attention on the car keys found in his pockets, as the most significant lead for discovering his identity.
Detective Inspector Andy Harbour said: 'The man, who we believe is in his 20s, was found washed up on the beach.
'We are treating his death as unexplained.
Investigations: Police hope car keys found in the man's body will help to identify him and are appealing for any information
'We are doing all we can to identify him.
'He has short dark brown hair, is about 5ft 7in and was wearing a shiny black jacket and stone-washed jeans. In his pocket were keys to a Renault car.'
Anyone with information is asked to call Sussex Police on 101.
Source: www.dailymail.co.uk
Law firm's scheme investors face losses - Stuff
Investors who contributed $1 million to a Timaru law firm's contributory mortgage scheme face potentially significant losses after a Dunedin student complex with a bizarre sales history went into liquidation.
Pureikeriki Investments, the owner of an 11-studio student accommodation complex known as Hazelwood House, collapsed in April over unpaid taxes. The company's principal, Alistair McGaw, was bankrupted last February over other debts and is working as a real estate agent in Queensland.
Liquidators PricewaterhouseCoopers (PWC) said in its first report into Pureikeriki that a first-ranked Raymond Sullivan McGlashan Law contributory mortgage had swollen to $1.48m following missed interest payments and this amount exceeded the property's current rating valuation of $830,000. The property has been on the market for the past three years for $1.2m.
RSM Law practice manager Greg O'Brien declined to respond directly to questions on whether investors would be short-changed, but said in a statement: "Investors have been kept fully informed of all aspects."
Hazelwood House has had a tortured past and now has four mortgages from fringe financiers.
In the year before McGraw's Pureikeriki's acquiring the property, it had changed hands twice with the sale price nearly doubling.
According to property records Hazelwood House was bought on August 17, 2005, by Gladstone Road, a vehicle for Dunedin-based investors for $980,000. A week later, on August 23, it was sold for $1.2 million to FIIC, a company owned by Tapanui man Christopher Brenssell.
On August 17, 2006, FIIC sold the property to Pureikeriki for $1.6m. Gladstone Road directors and Mr McGaw could not be contacted. Mr Brenssell said when he sold the property, $100,000 of the proceeds was kept in the property as a fourth mortgage, an amount he had now written off.
PWC liquidator Malcolm Hollis said the escalation of the property's price raised questions but was outside the remit of his administration.
Century 21 Real Estate agent Bawden Curson, who facilitated the sale between Gladstone and FIIC, said that sale was underpinned by a registered valuation of $1.4m.
He said the multiple sales and dramatically rising price were merely a function of the recent property boom. "A substantial property moving two or three times within a 12 month period, at the time, was not unusual," Mr Curson said.
Mr O'Brien said he was unable to comment on the sale history of the property. "I don't think I can responsibly or factually comment on historic fluctuating market forces," he said.
Mr McGaw received funding for his 2006 purchase from a variety of sources.
Four mortgages underpinned the Pureikeriki purchase. In order of ranking, $999,000 came from RSM contributory mortgages, an unknown amount from now-collapsed Dunedin lender Hurricane House, $466,000 from the RSM-linked Cheyne Finance and $100,000 from FIIC.
Cheyne Finance, an entity whose directors are all partners at RSM law, borrowed money from South Canterbury Finance (SCF) and lent it to developers.
Cheyne was declared a related-party loan by SCF in its December 2008 prospectus because of RSM partner Ed Sullivan's position on the finance company's board.
The prospectus records Cheyne as being the recipient of an $18.6m loan attracting 11.9 per cent interest.
According to property records, the Cheyne loan over Hazelwood attracted interest of up to 17 per cent.
Mr O'Brien said any loss from Cheyne's Hazelwood loan would be borne by shareholders – whose identity is kept hidden behind the firm's trust company – and he has said Cheyne had no outstanding loans with the collapsed SCF.
In February 2009, after defaults, RSM Law as mortgagor took possession of Hazelwood House. A year later the firm bankrupted Mr McGaw, who had by then moved to Australia.
- © Fairfax NZ News
Source: www.stuff.co.nz
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