Illinois Governor Indicted on Corruption, Charges Include Tampering with Sale of Wrigley
Illinois Governor Rod Blagojevich has been arrested on corruption charges. The most prominent charges involve allegations that he essentially tried to sell his pending appointment of a successor to the U.S. Senate seat being vacated by President-elect Obama.
However, the indictments also include a charge that Blagojevich threatened to make assistance in the Tribune's efforts to sell Wrigley Field conditional on the Tribune firing members of its editorial board who had criticized his administration and even called for his impeachment.
Not wanting to pre-empt the winter meeting updates too much, the details are after the break.
Looking at pages 41 through 49 of the indictment (warning, .pdf file), Blagojevich is accused of phoning officials at the Tribune and demanding the dismissal of editors who Blagojevich believed were "driving" the movement towards impeachment; the governor feared would impeachment could go forward early in the spring of 2009. If they were not let go, the governor allegedly threatened to block state assistance in the sale of Wrigley - a process that would go through the Illinois Finance Authority. In a phone call to an unnamed Deputy Governor intercepted by the FBI this November 3rd,
ROD BLAGOJEVICH’s wife can be heard in the background telling ROD BLAGOJEVICH to tell Deputy Governor A “to hold up that fucking Cubs shit. . . fuck them." ... Deputy Governor A told ROD BLAGOJEVICH that Tribune Owner will say that he does not have anything to do with theeditorials, “but I would tell him, look, if you want to get your Cubs thing done get rid of this Tribune.” Later, ROD BLAGOJEVICH’s wife got on the phone and, during the continuing discussion of the critical Tribune editorials, stated that Tribune Owner can “just fire” the writers because Tribune Owner owns the Tribune. (44)
The Tribune company, which just yesterday filed for bankruptcy protection, was widely known to be in financial trouble, so the threat to deny state assistance in the sale of Wrigley must have carried some amount of weight.
Pages 48 and 49 of the indictment gives a sense of just how much weight.
In apparent reference to the prospect of IFA assistance for the Wrigley Field deal, ROD BLAGOJEVICH then asked, “what does this mean to them? Like $500 million? What does it mean to [Tribune owner] in real terms?” HARRIS replied, “To them? About $100 million . . .maybe 150.” ROD BLAGOJEVICH said that he thought “it was worth like $500 million to ‘em.” ROD BLAGOJEVICH and HARRIS then discussed the details of the deal the Cubs are trying to get through the IFA. HARRIS [Blagojevich's chief of staff - Trans] said that it is basically a tax mitigation scheme where the IFA will “own title to the building” (believed to be Wrigley Field), and the Tribune will not “have to pay capital gains tax.” HARRIS explained that the total gain to the Tribune is in the neighborhood of $100 million. ROD BLAGOJEVICH said, “$100 million is nothing to sneeze at. That’s still worth something, isn’t it?”
The prosecuter in the case is U. S. Attorney Patrick Fitzgerald, most recently known for his prosecution of the Valerie Plame leak. Blagojevich, a Democrat, came into office on the heels of Gov. George Ryan, a Republican, who was convicted of racketeering and fraud, and presently is serving a six-year prison term. Fitzgerald's press release notes the potential penalties facing Blagojevich:
if convicted, conspiracy to commit mail and wire fraud carries a maximum penalty of 20 years in prison, while solicitation of bribery carries a maximum of 10 years in prison, and each count carries a maximum fine of $250,000. The Court, however, would determine the appropriate sentence to be imposed under the advisory United States Sentencing Guidelines.
I'd prefer it not happen too.
it's a hell of a blockbuster, but it's for a guy who pitches 1/3rd of a season at an extreme premium considering the guy being traded and if the early extension $$$ rumors are true.
it's one of those things that is bringing a guy at the top his game, but something is nagging me that this trade piece could have been put to better use.
a huge part of me is all "hell yeah, top of the line producer"...another part of me is "hmm, that for that?"
Still don't want. Kinda hope they can't work out the extension.
obviously not, and I'm sure they did their homework...just hope they have some better answers than the Yankees
Chapman 12+ Career WAR. Currently 4.7:1 k-BB. With Rondon/Chapman/Strop/Nathan/Montgomery/Wood...Its the best pen I can recall other than Sutter or Lee Smith handling things themselves.
Its gonna suck if he gets injured, and it appears he's not the greatest of characters.
But, he'll have another Cuban to hang out with on the team.
I agree with the names you mention but there are lots of names being tossed around still and there's that small matter of Chapman agreeing to the extension.
Heyman, Wiatt, and Sharma are definitely reliable sources. Wiatt and Sharma have a ton of connections with the FO, and Heyman is one of the national guys who usually breaks stories first along with Rosenthal and Passan.
Twitter is even more nonsensical with names and rumors than usual right now. I'd wait for a real confirmation from someone reputable at this point before getting too worked up.
a'ite then. i mean, at least they're getting one of the best at a young/durable age even if there's a heavy price to pay for it.
i pretty much assumed this would be one of the last kinds of things they'd do...give up a top prospect (probably the best in the system) to get 1/2(ish) year of a reliever followed by multiple years locked in at his market value.
i wonder if there's other players going back/forth, too.
i mean, it's not like it's a horrible thing...this is just something that seems out of profile.
Suspend him for the rest of the year and get him ready for the Schwarber era?
Sadahev Sharma says the names are done. Torres and other parts for Chapman only.
i liked it better when Cubs were really good and likeable.
will be very curious how and if they address the DV incident.
We are coming into the realm of, ""this ain't the old Cubbies...", with the printing money machine coming online. They'll be able to handle it.
15m a year for 65-70 innings...phew.
i mean, technically he's worth it, but wow...the cubs? a'ite.
Heyman is reporting Trees + for Chapman is almost done. Rian Wiatt at BP Wrigleyville reports that the agreement is waiting on Chapman to agree to a 4-year, $60 million extension that is contingent on the trade.