Another Tiger Tale

Feherty04.jpgAs we watch Tiger Woods pursue his 13th major championship this weekend at the British Open, it’s worth reminding ourselves that we are blessed to be able to watch the best golfer in history. CBS golf commetator David Feherty, who often walks with Woods while covering tournaments, passes along this anecdote in a recent interview:

“People have accused me of being so far up Tiger’s arse that he can barely make a full swing, but I maintain that he is a special person.”
“There’s no one else on the planet who can do what he does or even think of doing what he does. I’ve often thought, instead of showing Tiger’s reaction to a shot he’s hit, we really should show the reaction of those around him.
“But here is the next best thing. I’m walking down the 18th fairway at Firestone Country Club with Ernie Els and Tiger, who has popped up a three-wood about 40 yards behind Ernie into some wet, nasty, horrible, six-inch rough.”
“Tiger’s cursing and taking clumps out of Ohio with his three-wood. And, of course, we’re not showing this on TV because we want to be able to interview him later. Ernie and I walk past Tiger’s ball, and it is truly buried.”
Ernie is tied with Tiger and he’s in the middle of the fairway. I’m standing with Ernie and my microphone is open. Ken Venturi [in the CBS booth] sends it to me and I say, “Tiger’s got 184 yards with two big red oaks overhanging the green. He’s got absolutely nothing. With a stick of dynamite and a sand wedge I might be able to move this ball 50 yards. Steve Williams [Woods’ caddie] tells me [with a hand signal] that he’s using a pitching wedge.”
“Tiger takes his swing. Every muscle in his body is flung at the ball. It looks like he’s torn his nutsack. The divot went as far as I could hit the ball. I’ve got my microphone at my mouth thinking, what the hell was that! The ball sails over the trees, lands behind the hole and backs up to a bout six feet from the flag. I open my microphone and Ernie turns and says, “F*** me!”
“My producer comes on in my earpiece and says, “Was that Ernie?” I say yes. He says, “Fair enough.”
“I could have described that shot for 15 minutes and not done as good a job as Ernie did with two words. This is one of the best players in the world talking, and you wanna know how good Tiger is? Ask Ernie Els.”

Dissecting the Stros’ woes

Biggio%20breaking%20bat.jpgThe Stros (40-54) won last night for the first time in five games since the All-Star Break, which has put the club in contention for the worst record in Major League Baseball this season. That performance prompted Baseball Prospectus to provide this “what’s busted” capsule summary ($) of the Stros’ woes:

What’s Busted? Organizational decision-making. Whether it’s putting Craig Biggio’s goal ahead of the ballclub’s fortunes, or Phil Garner’s fickle relationship with Lidge, or unquestioning Brad Ausmus cultism, or spending big money on Woody Williams and being surprised by the result, it’s fair to say that the Astros have consistently made the wrong choices when they have to freedom to make them, and only have happy results from thoseólike Hunter Penceówho force choices upon them.

Add to those bad decisions a string of bad drafts from 1998-2002 and the Stros have a real mess on their hands. In those five drafts, the Stros generated only a handful of productive players — Brad Lidge and Morgan Ensberg (1998); Jason Lane and Chris Sampson (1999); Chad Qualls and Eric Bruntlett (2000); Chris Burke and Matt Albers (2001); and nothing so far out of the 2002 draft, which is shaping up to be one of the worst drafts in Stros franchise history. The foregoing is not much of a return on investment in the Stros’ minor league development program.
Despite the clarity of the foregoing mistakes, Chronicle sports columnist Richard Justice continues to manage to to get it wrong in analyzing the Stros:

Tim Purpura’s biggest blunder was swapping Andy Pettitte and Roger Clemens for Woody Williams and Jason Jennings. It really begins with Pettitte. The Astros had such a dislike of his agent, Randy Hendricks, that they allowed it to influence their evaluation of the player. Bad mistake. Childish, too.
We’ll never know if they could have signed Pettitte. I suspect his heart was set on returning to New York. Close friends in the home clubhouse tell me he agonized over the decision and would have returned if the Astros had tried a little harder. Instead, they treated him like he was an optional part.
Neither he nor Roger Clemens have been great this season, but they’ve been far better than Woody Williams and Jason Jennings, who are a combined 5-16 with 14 quality starts and a 4.94 ERA. Pettitte and Clemens are 7-10 with 15 quality starts and a 4.25 ERA. To adjust the ERAs by league, Pettitte and Clemens are .18 of a run under their league average while Williams and Jennings are .65 of a run above.

Purpura’s biggest blunder? In point of fact, trading Pettitte and Clemens for Williams and Jennings hasn’t had much of an effect on the Stros’ season at all, while not signing them has had a huge positive impact on the Stros’ payroll. Had Pettitte and Clemens been pitching for the Stros this season, they would have saved the club about 27 more runs than Williams and Jennings to this point in the season. That translates to about 4-5 more wins, which would make the Stros record at best 45-49 and still far behind in the NL Central. Meanwhile, if the Stros had signed Pettitte and Clemens, then the club’s payroll would be bleeding by an additional $25 million or so over and above the aggregate $10.5 million or so that they are paying Williams and Jennings. Had that occurred, Justice would probably be criticizing the Stros for wasting a substantial chunck of the club’s payroll on a couple of high-injury risk veterans on the downside of their respective careers.
The bottom line on this season is that the Stros pitching staff has underperformed so badly that having both Pettitte and Clemens would not have improved that overall performance enough to matter. Stros General Manager Tim Purpura has made some mistakes, such as signing Williams in the first place. But electing to pass on overpaying Pettitte and Clemens was not among them.

A big Houston deal

pogo%20logo.gifTwo Houston-based exploration and production companies made big news on Tuesday as Plains Exploration & Production Co. agreed to buy Pogo Producing Co. for $3.42 billion in cash and stock. The Houston Chronicle story on the transaction is here.
Plains will pay $1.5 billion in cash and issue 40 million of its shares to purchase Pogo, which has been the subject of acquisition rumors for months as dissident shareholder Third Point LLC expressed disappointment with Pogo’s financial performance and the legacy management team of Pogo founder, chairman and CEO, Paul Van Wagenen. Pogo shareholders will receive 0.68201 share of Plains Exploration and $24.88 in cash for each share of Pogo they own, which values each Pogo share at $57.53. Pogo shareholders will hold a 34% stake in Plains Exploration and two Pogo board members board will join Plains’ board when the deal closes in the fourth quarter of this year.
The acquisition will nearly double Plains’ estimated-reserve potential to 1.4 billion barrels of oil equivalent and provide the company with substantial onshore producing properties in the Texas Panhandle and Permian and Gulf Coast regions, as well as the Madden Field in Wyoming and the San Juan Basin in New Mexico.
Pogo, which agreed in May to sell its Northrock Resources unit for $2 billion to Abu Dhabi National Energy Co., saw the markets greet the announcement with enthusiasm as the comany’s shares rose $7.02 (or 14%) to $57.50 as of 4 p.m. in New York Stock Exchange composite trading. On the other hand, Plains stock was off $3.31, or 6.5%, to $47.88.
Bully for Mr. Van Wagenen, who is one of the classiest and most pleasant CEO’s in the Houston business community.