As has been reported, this move is not because of the Cubs’ profitability – rather it is to protect the new ownership teams from claims against the former owners, i.e. the Tribune. But usually when businesses go into receivership they are allowed to restructure contracts, including labor contracts. I’m by no means a bankruptcy lawyer but perhaps the Cubs could use this procedure to “restructure” their agreement with Milton Bradley. Some of us have been watching the situation involving Balsalie and the Phoenix Coyotes, bankruptcies present different circumstances once the courts get involved…

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