The Dodgers are bankrupt, and their situation isn’t getting any better. From a report posted last night on CBS Sports’ Eye on Baseball:
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.
In the meantime, Dodgers employees better not spend their money until their paycheck definitely clears.
And that brings us to today’s Dugout, which covers the bouncing checks and finds out exactly what Frank McCourt has been doing with his giant pile of burning money. It follows.