Schilling 'tapped out' of money after 38 Studios folds

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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.

Porcello 'feels as good as I've felt all spring' in Red Sox' 5-3 loss

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Porcello 'feels as good as I've felt all spring' in Red Sox' 5-3 loss

Rick Porcello and Drew Pomeranz combined to allow all five of the Red Sox' runs in Boston's 5-3 loss to the Minnesota Twins.

Porcello finished his start by fanning four, allowing four hits and earning two runs over four innings. Pomeranz followed in the next four innings with four strikeouts, five hits allowed and three earned runs. Pomeranz allowed ByungHo Park's eighth-inning, two-run homer, which ended up being the game-winner.

Porcello, however, was optimistic after the loss.

"The buildup was good," Porcello told reporters, via RedSox.com. "Today I felt as good as I've felt all spring. At this point, I'm ready to go. I'm looking forward to the start of the season."

While the Sox offense was able to get three runs off Ervin Santana in his 4 2/3 innings, they struggled against the Twins' next five pitchers. Xander Bogaerts (2 of 3) and Pablo Sandoval (1 of 3) managed homers. Hanley (3 of 3) Ramirez had a double, and Dustin Pedroia (2 of 3) had two singles.

Kyle Kendrick will start Thursday in the Sox' final Spring Training series against the Washington Nationals. First pitch is at 1:05 p.m. ET.

Who's on first for Red Sox? It may be not someone you'd expect

Who's on first for Red Sox? It may be not someone you'd expect

Who’s on first? A middle infielder, maybe.

Hanley Ramirez, Josh Rutledge and Mitch Moreland aren't fully healthy. So the 25th man on the Red Sox has become a matter of corner-infield triage.

Rutledge was gearing up to play some first base with Ramirez restricted to DH because of his throwing shoulder. But Rutledge is hurt now too, likely headed to the disabled list with a left hamstring strain, Sox manager John Farrell said Wednesday morning in Florida.

Here’s the easiest way to think about who takes Rutledge's place: Who would the Red Sox like to see less against left handed pitching, third baseman Pablo Sandoval or first baseman Mitch Moreland? 

If it’s Sandoval, then you carry Marco Hernandez, who can play third base.

“He’s a very strong candidate,” manager John Farrell told reporters in Florida on Wednesday. “He’s one of a few that are being considered strongly right now.” 

If it’s Moreland, than you carry Steve Selsky, who has a history playing first base.

“He’s a guy we’re having discussions on,” Farrell said. “Any guy in our camp that we feel is going to make us a more complete or balanced roster, Deven Marrero, they’re all in consideration.”

The additional wrench here is that Moreland has the flu. If he's not available at all for a few days to begin the season, then the Sox probably have to carry Hernandez.

Why? Because Brock Holt can play some first base if Moreland is out. But then, you’d need another back-up middle infielder, and Hernandez gives you that. 

Hernandez is also hitting .379 in 58 at-bats this spring entering Wednesday.

Moreland isn’t the only one who has the flu.

"It’s running through our clubhouse," Sox manager John Farrell told reporters in Florida on Wednesday, including the Providence Journal’s Tim Britton. "Probably be held out for three days for a quarantine.” (LINK:http://www.providencejournal.com/sports/20170329/with-josh-rutledge-and-mitch-moreland-ailing-first-base-depth-compromised-for-red-sox)

That means the Red Sox won't have Moreland for their exhibitions against the Nationals on Friday and Saturday in Washington D.C. and Annapolis, Md. Moreland could still be ready for the regular season, but would likely be at less than full strength.

Having Ramirez available would sure make things a lot simpler for the Sox.

Both Sandoval at third base and Moreland could use right-handed bats to complement them. Or more specifically, they could use people who can hit left-handed pitching to complement them.

Hernandez is a left-handed hitter who might actually be able to hit lefties. But the Sox haven't used him at first base, and there's no indication they will.

“As we look at the upcoming games, there is the potential for two left-handed starters in Detroit,” Farrell said. “So there’s a number of things being factored right now.”

Early in spring training, Farrell was asked what player had started to catch his eye.

The guy he mentioned was Selsky, an outfielder and first baseman the Red Sox feel fortunate to have picked up off waivers because he still has minor league options remaining.

Now Selsky, who has already technically been cut from major league spring training, has a chance at making the opening day roster. He's 27 and hit .356 in 45 Grapefruit League at-bats.

Chris Young isn't going to have an easy time finding at-bats as it stands now, but the Sox aren't considering moving him to first base.