Schilling 'tapped out' of money after 38 Studios folds


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.

Dombrowski, Red Sox making adjustments in wake of recent departures


Dombrowski, Red Sox making adjustments in wake of recent departures

In recent days and weeks, the Red Sox have lost their general manager, their vice president of amateur and international scouting, an assistant director of amateur scouting, a member of their analytics department and their mental skills coach.

But Dave Dombrowski, the team's president of baseball operations, insists that the team is not in danger of "brain drain.''

"No, not at all,'' said president of baseball operations Dave Dombrowski in a conference call with reporters. "We've lost some good people, but it's also a situation where we have a lot of good people and I think when you have a good organization, if you're winning and you expose people to situations, (a certain amount of exodus) happens. I think the other part of it is that we're more than capable of filling some of those roles from an internal perspective. We've got some quality people and I think the thing that's great about it is, it allows people to grow.''

Dombrowski announced that, in the wake of the departure of Amiel Sawdaye, the former VP of amateur and international scouting who left Monday to become assistant GM of the Arizona Diamondbacks, the Sox were promoting Eddie Romero, formerly the vice president of international scouting, to the position of senior vice president/ assistant GM.

Romero, the son of former Red Sox utility infielder Eddie Romero Sr. will help Dombrowski in personnel matters and player development, while Brian O'Halloran, who has the same title as Romero, will continue to handle administrative matters including salary arbitration and contactual negotiations.

After the departure of Mike Hazen, who left to become GM of the Diamondbacks last week, Dombrowski interviewed Sawdaye and Romero as Hazen's potential replacements before determining that neither had the necessary experience yet to become a major league GM.

Dombrowski said there would be additional internal promotions and adjustments to announce in the coming weeks. He added that senior advisors Frank Wren and Allard Baird, each former general managers, would see their responsibilities increase when it comes to conducting trade talks with other organizations.

Sawdaye's departure is one of several this off-season for the front office. Earlier this month, Steve Sanders, who had been the team's assistant director of amateur scouting, left to become director of amateur scouting for the Toronto Blue Jays.

Also, Tom Tippett, a longtime member of the team's statistical analysis staff, will leave soon too pursue other opportunities. The team recently informed mental skills coach Bob Tewksbury that his contact would not be renewed, according to the Boston Globe.

Dombrowski indicated that Laz Gutierrez would be promoted to take the place of Tewksbury.

In other news, Dombrowski revealed that the entire coaching staff -- hitting coach Chili Davis; assistant hitting coach Victor Rodriguez; first base coach Ruben Amaro Jr.; third base coach Brian Butterfield; bullpen coach Dana LeVangie; pitching coach Carl Willis; and bench coach Torey Lovullo -- had all agreed to return for 2017.

That, of course, is subject to change since Lovullo is believed to be a target of Hazen for Arizona's managerial vacancy.

Dombrowski said the Diamondbacks had yet to request permission to speak with Lovullo, though that may happen soon now that Hazen has hired Sawdaye to fill out his front office.

When Hazen was hired by the Diamondbacks, he was limited to hiring just one member of the Red Sox' Baseball Operations staff. But, Dombrowski added, that limit didn't apply to uniformed staff members such as Lovullo, who would be leaving for a promotion.


Red Sox promote Eddie Romero assistant general manager, won't hire GM to replace Hazen


Red Sox promote Eddie Romero assistant general manager, won't hire GM to replace Hazen

The Red Sox on Tuesday named Eddie Romero senior vice president and assistant general manager. In a press release announcing the move, the team stated it will not fill the position of general manager for the time being. 

Romero’s promotion comes following the departure of general manager Mike Hazen, who left this month to become Arizona’ GM. Hazel brought Amiel Sawdaye, who had served as Boston’s vice president of international and amateur scouting, with him to the Diamondbacks, with Sawdaye serving as an assistant GM for Arizona. 

The 37-year-old Romero is the son of former Red Sox infielder Ed Romero Rr. Romero served last season as Boston’s vice president of international scouting, overseeing amateur scouting in Latin America, the Pacific Rim and Europe. 

Romero is in his 11th season with the Red Sox, having previously worked in international and professional scouting for the team and becoming Boston’s director of international scouting in 2012.