Texas
Texas Rangers closer Kirby Yates has All-Star case, even without lighting up the radar gun
BALTIMORE — A philosophical question: If a closer doesn’t hit 100 mph, can he still get noticed? You know, kind of like a tree falling in the woods. If nobody sees it, did it actually happen?
We may get an answer to that question in the next week when All-Star rosters are revealed. Rangers closer Kirby Yates has seemingly done everything necessary to make the AL All-Star team, other than light up a radar gun.
As players wrap up their voting for the All-Star pitching staffs this weekend, choosing three relievers, it’s hard to make a convincing case against Yates reaching the medal stand. Unless, of course, you factor in his fastball. It doesn’t light up Statcast metrics. It’s only good for getting him ahead in counts and setting up his devastating forkball. Among qualified relievers, Yates’ 93.1 mph average fastball ranks only 60th in the AL. The guys getting all the national buzz are Oakland’s Mason Miller and his 100.8 mph fastball and AL saves leader Emmanuel Clase with his 99.8 mph heater.
“I know I don’t have a fastball that lights up the radar guns,” Yates said. “But the league is filled with stuff and guys who are throwers. Guys who pitch are the outliers. But if you pitch and execute your pitches, you can be successful. I don’t think that will ever go away.”
He has pitched exceptionally well. There is not a performance-based stat in which he is weak. He began Saturday perfect in his 11 save chances this year, the only AL reliever with at least 10 opportunities and no blown saves. His ERA (0.99) was second. His batting average allowed (.134) was second. He had a WHIP below 1.00 (0.95).
Put this another way. He is the only pitcher in baseball — regardless of league — to begin the statistical second-half of the season perfect on at least 10 save chances, with a WHIP and ERA both below 1.00. There is more. He’s averaging 12.07 strikeouts per nine innings thanks to a filthy splitter and hasn’t allowed a homer.
The closest comp to Yates from a year ago was Minnesota’s Jhoan Duran, who ended June with 11 saves in 13 chances, a 1.91 ERA and a 0.94 ERA. Perhaps, it’s not best to bring this up. Duran still didn’t make the All-Star team. There were six relievers either selected or named as replacements. It included each of the top five in saves and Baltimore’s Yennier Cano, who had a 1.14 ERA and 0.86 WHIP entering July. Moral of the story: Yates’ relatively low number of saves may work against him.
If other players rely on a singular number such as saves or WAR, Yates may get overlooked. He is tied for 11th in the AL in saves and is eighth in WAR among AL relievers at 1.0, though only three-tenths of a win separates him from the No. 2 spot, which belongs to Clase.
On the other hand, if AL manager Bruce Bochy has any input, Yates will get a firm endorsement. That doesn’t carry the weight it once did. Once upon a time, the manager had a big hand in selecting the pitching staff. Now, it’s almost entirely reliant on peer votes. Bochy said this week that he would heartily endorse Yates as a reliever.
So, too, will David Robertson, the AL’s senior reliever at age 39. Robertson was an All-Star in 2010 as a setup man with the New York Yankees.
“His case is great,” said Robertson, who has a pretty solid case of his own. “His WHIP is good. His strikeouts are high. If you aren’t giving up walks and hits and you are striking out guys, what else are you supposed to do? I hope he goes.”
Yates admits it, he’d like to. He’s been an All-Star before and was even named the NL’s closer in 2019. Only problem: NL didn’t have a lead. He didn’t pitch. Since then: He missed most of three seasons with elbow issues and eventually surgery.
“I think making the team would validate a lot of things,” Yates said. “I’d love a chance to pitch, but the fact that I was named the closer that year was a real sign of respect and I appreciated that. In a perfect world, you’d get a chance to do both.”
And if everybody sees it, well, then it definitely happened.
Twitter: @Evan_P_Grant
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Texas
Phoenix Merchant Partners and Texas Capital Alternative Asset Management Form Strategic Relationship
Phoenix Merchant Partners, an independent alternative asset manager, and Texas Capital Alternative Asset Management (TCAAM), a wholly owned subsidiary of Texas Capital Bancshares, formed a strategic relationship to provide customized capital solutions and direct lending to the core middle market across a diverse range of industries.
The relationship integrates the corporate and investment banking coverage network of Texas Capital with the structuring, underwriting and multi-cycle portfolio management expertise of Phoenix. Capitalizing on this powerful combination, Phoenix will launch its first vehicle, Spurstone Credit, in Q3/26. Structured as a perpetual-life, non-traded closed-end credit fund, Spurstone will be headquartered in Dallas, Texas.
Spurstone has already attracted interest from a group of anchor institutional investors. The vehicle’s investment mandate will focus primarily on delivering senior secured financing solutions to core middle-market businesses with annual revenues between $100 million and $1 billion that are currently underserved in private credit.
“As the only full-service financial services firm headquartered in Texas, we continuously look for ways to serve the needs of companies and their owners, both in Texas and in our industries of focus across the country. Working with Phoenix expands and accelerates our ability to offer proprietary private credit financing solutions to deserving clients. The Phoenix team shares our disciplined approach to asset structuring, capital preservation and portfolio management, as well as our passion for providing exceptional client service and delivering comprehensive solutions,” Daniel Hoverman, head of corporate and investment banking at Texas Capital and president of TCAAM, said.
The vehicle’s strategy is designed to address a critical structural liquidity gap for non-sponsored, family-owned and founder-led mid-market enterprises requiring flexible, non-dilutive senior capital to fund organic growth, strategic acquisitions and balance sheet optimizations.
“Proprietary origination remains the single biggest differentiator in the private credit landscape,” Art Mbanefo, founder and CEO of Phoenix, said. “Working with TCAAM unlocks unparalleled access to high-quality, founder-owned businesses across Texas and other economic centers like California, New York and Illinois. Together, we are bridging the liquidity gap for exceptional middle-market companies.”
Spurstone will be advised by a newly formed, Phoenix-sponsored registered investment adviser, Ryestone Advisors, which is currently applying for registration with the U.S. Securities and Exchange Commission. TCAAM will be a minority economic investor in Spurstone’s investment adviser.
Texas
Texas man admits embezzling $3.2 million to pay student loans, fuel online gambling, prosecutors say
A Texas man who siphoned off millions from his employer to wipe out tens of thousands in student loan debt and bankroll extensive online gambling has pleaded guilty to federal embezzlement charges, prosecutors said.
Mitchell David Slentz, 34, of Kyle, pleaded guilty in federal court to embezzling more than $3.2 million from Austin Freight Systems, according to the U.S. Attorney’s Office for the Western District of Texas.
Financial oversight role detailed
Prosecutors said Slentz held broad responsibility for Austin Freight Systems’ finances, managing accounting operations, overseeing financial reports and internal controls, and handling vendor payment requests submitted to JPMorgan Chase.
Between October 2023 and March 2025, Slentz executed 147 fraudulent payments, diverting $3,277,937.35 into his personal accounts via interstate wire transfers. He used part of the stolen money to make two student loan payments — $25,000 and $33,887. He also gambled heavily on an online platform, depositing and winning more than $1 million, the U.S. Attorney’s Office said.
Charges and court proceedings
Slentz was charged on May 14, appeared on June 8, and pleaded guilty Monday to wire fraud and engaging in monetary transactions with criminally derived proceeds.
A federal judge will determine Slentz’s sentence based on U.S. Sentencing Guidelines and statutory factors.
Investigation led by the FBI task force
The FBI Austin White Collar Crime Task Force handled the investigation.
CBS News Texas will provide updates as more information becomes available.
Texas
Hot, muggy and breezy conditions continue for North Texas ahead of Fourth of July
Tuesday morning is off to another warm start, with temperatures in the 70s. Expect another day with breezy winds, hot temperatures and Saharan dust in the sky. Most of the dust will move out of North Texas by Wednesday.
Temperatures on Tuesday afternoon will feel like triple digits, and this trend will continue into the Fourth of July weekend. Because dew points will drop slightly toward the end of the workweek, high temperatures should finally reach the 100° mark by Saturday.
There’s just a slim 10% chance of showers in the forecast for Friday and Saturday, with slightly better rain chances on Sunday and Monday at 20%. Until then, temperatures will continue to heat up, and the feel-like temperatures will be at 100°+ each day. Stay cool.
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