Schilling 'tapped out' of money after 38 Studios folds

766220.jpg

Schilling 'tapped out' of money after 38 Studios folds

Curt Schilling is "tapped out".

This we know after hearing Schilling on WEEI's Dennis and Callahan Show Friday morning, where he touched upon just about everything regarding his failed video game company, 38 Studios, for the first time since filing Chapter 7 bankruptcy roughly two weeks ago.

"I put everything in my name in this company," Schilling said on air. "I believed in it. I believed in what we had built. I never took a penny from this company. I never took a penny in salary, I never took a penny for anything."

And unfortunately, he never made a penny either, personally spending "just north of 50 million".

Schilling's company failed to make a loan payment to the state of Rhode Island in May, prompting its quick downfall. The public announcement by Rhode Island Governor Lincoln Chafee that he was trying to keep the company "solvent" was all it took.

The employees got blindsided," Schilling confessed. "One of the many, many mistakes I think that was made or that I made, or that we made as a leadership team was that this came out of nowhere for them. In all honesty, they found out because Gov. Chafee made a comment on Monday night about 7 oclock, a public comment which neither side had ever publicly commented on anything we were doing and it was based around keeping the company, he used the word solvent. That word, it was an enormous problem immediate for us.

"But the employees had no idea. Payday was the next day, and they didnt get a paycheck. And it just went downhill from there. The employees got blindsided. They didnt deserve it. It was not how we ever did business. The employees were everything. That was what the company was and it was about. I always told everybody, if something were going to happen youre going to have a month or two lead time. And I bombed on that one in epic fashion.

The default letter sent to the company by the state also "blindsided" 38 studios.

"We were actually confused as to why we got it," Schilling said. "Because again, this is our partner and were trying to work together to make the company successful. They had every right to issue it, weve never argued that, but we just assumed based on the conversation that they would be more cooperative."

Schilling invested plenty of his own money. He obviously had a ton of money in loans from the city. Ultimately, the reason the company failed is because they could never get enough private funding.

We didnt raise capital," Schilling said. "We didnt get private capital. At the end of the day, when you look at all the things that we did, I put all the money I said Id put in, I guaranteed the things I guaranteed from a loan perspective, I never took a penny out, and we spent the money exactly how we defined it in all the documentation with the state. And the one thing that we always listed as a going concern, we couldnt execute and we could not raise private capital. For a litany of different reasons Im sure if you ask anybody, theyll give you one or more reasons the hard part, and probably the most painful part, for the first time in 5 12 years, we were so close. And it just didnt work out.

After strong bullpen session, Koji Uehara could be back by Labor Day

red-sox-koji-uehara-072116.jpg

After strong bullpen session, Koji Uehara could be back by Labor Day

BOSTON - For a bullpen that could use all the help it can get right now, there's the prospect that Koji Uehara could rejoin the Red Sox on Labor Day.

Uehara, who's been out since July 20 with a strained pectoral muscle, threw a bullpen Monday at Fenway that impressed John Farrell.

"He came out of today's work session in good fashion,'' said Farrell. "It was 25 pitches to hitters with good intensity to both his fastball and split. It's been impressive to see how he's handled the volume, and now, three times on the mound, the intensity to his bullpens and BP.''

Next up for Uehara will be a bullpen session Wednesday morning, followed by a live batting practice session Saturday in Oakland.

Since both Pawtucket's and Portland's seasons are over on Labor Day, Uehara won't have the option of going on a rehab assignment to face hitters before being activated.

But the Sox believe that he can build arm strength through these side sessions and BP sessions -- enough so that he could return to the active roster soon.

"We'll re-assess where is after Sunday,'' said Farrell, "and I wouldn't rule out activation [after that]. What we've done with Koji is just review how he feels after each session and we'll take it from there.''

Uehara, 41, is 2-3 with a 4.50 ERA, and while he's had a propensity for giving up homers (eight in just 36 innings), he had been throwing better before being injured.

And given the performance of the bullpen in general and the recent poor showings from Matt Barnes, the Sox would welcome Uehara back as soon as he's ready.

"The one thing that Koji has proven to us,'' noted Farrell, "is that, even with limited spring training work [in the past], he's been a very effective pitcher for us and obviously, he has a chance to make a very positive impact once he does return.''

Uehara's progress since late July has been a pleasant surprise for the Sox, who feared at the time of the injury that he might be done for the season.     

"To his credit,'' said Farrell, "he's worked his tail off and advanced fairly rapidly and he's withstanding the intensity that he's put into [the work]. A healthy Koji certainly adds to our bullpen.

 

Red Sox among ‘roughly half’ of MLB who’ll attend Tebow workout Tuesday

Red Sox among ‘roughly half’ of MLB who’ll attend Tebow workout Tuesday

Maybe Tim Tebow could be the eighth-inning guy? 

OK, OK. Maybe not. Still, the Red Sox will be among the “roughly half” of the MLB teams who will attend the former Heisman Trophy winner and Patriots’ 2013 training camp phenomenon’s baseball tryout on Tuesday in Los Angeles.

Tebow is 29 and hasn’t played organized baseball since he was a junior in high school. He was an All-State performer in Florida back then.

Based on his accuracy and mechanics throwing a football, maybe DH would suit Tebow better than the mound. 

 

 

Monday’s Red Sox-Rays lineups: No Pedroia to start, Porcello goes for 18th

red_sox_dustin_pedroia_090715.jpg

Monday’s Red Sox-Rays lineups: No Pedroia to start, Porcello goes for 18th

Dustin Pedroia is out of the Red Sox starting lineup for the second night in a row as they open a three-game series with the Tampa Bay Rays tonight at Fenway Park.

Pedroia, who left the team Sunday to attend a family funeral, told manager John Farrell that he might be able to return during the game Monday night. 

"Based on his texts he's envisioning a walk-off hit in the ninth," Farrell said before the game Sunday. "Much like Pedey's fashion, that was his parting text this morning before he left."

For the second game in a row, Brock Holt will play second base in place of Pedroia and bat leadoff. The Red Sox lost 10-4 to the Kansas City Royals on Sunday night. 

Right-hander Rick Porcello (17-3, 3.23 ERA) will go for his 18th win and try to match Dave “Boo” Ferris in 1946 as the only Red Sox pitchers to go 13-0 at Fenway Park. Right-hander Matt Andriese (6-5, 3.71) starts for the Rays.

The lineups:

RAYS

Logan Forsythe 2B

Kevin Kiermaier CF

Evan Longoria 2B

Brad Miller 1B

Matt Duffy SS

Logan Morrison DH

Nick Franklin RF

Corey Dickerson LF

Bobby Wilson C

Matt Andriese RHP 

RED SOX

Brock Holt 2B

Xander Bogaerts SS

David Ortiz DH

Mookie Betts RF

Hanley Ramirez 1B

Travis Shaw 3B

Chris Young LF

Sandy Leon C

Jackie Bradley Jr. CF

Rick Porcello RHP