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Donald Trump loves the musical Cats, and like the titular creatures, the former president seems to have nine lives. Today, in the face of yet another near-death financial experience, Trump got his latest reprieve. An appeals-court panel in New York State reduced the bond he must post in a civil fraud case from more than $464 million to just $175 million.

Given that the past few months have seen Trump repeatedly use legal procedures to his advantage, drawing out the cases against him in the hope of eventually escaping them, this decision may look like yet another infuriating case of Trump extracting injustice from the justice system. But in fact it is not such an instance, and the reduction is actually quite appropriate.

Recall the timeline. In mid-February, Justice Arthur Engoron ruled that Trump must pay more than $350 million, plus interest, after he, his sons, and the Trump Organization engaged, according to the judges findings, in a years-long pattern of fraud, inflating and deflating the reported value of his assets in order to profit long-term. Trump promptly appealed the ruling, but as a defendant, he must post the value of his judgment while appealing.

David A. Graham: Trumps money problems are very real and very bad

The problem for Trump is that $350 million (which interest soon brought to nearly half a billion dollars) is a huge amount, even for him. He claims to have a net worth in the billions, but that number includes a great deal of assets that arent really available. Part of it is nebulous brand value, but a lot is in real estatevalue that cant be quickly accessed. Trump claimed in a deposition in the case that he had more than $400 million in cash and growing. Thats questionable and, even if true, wouldnt leave him enough to cover the bond.

Instead, he sought to obtain a bond from a company that specializes in such products. Bonding companies promise courts to cover the cost of a judgment. In return, they usually demand collateral from a client such as Trumpor maybe particularly from Trump, given his long history of not paying his debts. One of them this month posted a bond in the much smaller judgment against Trump for defaming the writer E. Jean Carroll. But Trump was unable to obtain a bond large enough to cover the fraud judgment, even after approaching 30 companies. His lawyers said it was a practical impossibility in a filing. (Trump, ever helpful to his own defense, claimed on social media that he actually has more than $500 million in cash.)

The bond was due today, and Trump got his good news from the court just in time. It is a stay, or pause, not a permanent reduction. For now, the original judgment amount will still be due if Trump doesnt win on appeal. Todays outcome is neither a shock nor a travesty.

Offering temporary relief on the bond makes some sense. Imagine that the panel had not reduced the bond amount. Attorney General Letitia James could have started seizing his accounts or his properties, or else he would have been forced to start selling them. But this is a terrible moment to be selling commercial real estate, because the office market has not recovered from COVID. Beyond that, any buyers would know Trump was in a pinch and be happy to profiteer off him.

Read: The cases against Trumpa guide

But then imagine that a few weeks from now, Trump won his appeal, convincing the court that Engorons finding was incorrect, or that the calculated amount of the penalty was unfair. Trump would have no way to recover the assets hed been forced to unload at fire-sale prices. It doesnt take any affection for Trump to see why a court would want to avoid such an outcome, and whyeven if Trump would still be filthy richthis would be unjust punishment.

The problem for Trump remains winning on appeal. He railed against Engoron in a statement and claimed that the judge was wrong on law, but legal experts told me that they thought Trump would struggle to win his appeal. Engorons decision was written in clear detail, as was his calculation of Trumps penalty, which is based on how much ill-gotten gain Trump extracted from his fraud. The judge here did a very good job, Jim Wheaton, a law professor at William & Mary, told me. Whether you agree or not, the judge very carefully made factual conclusions based on testimony in front of the judge. The judge made credibility decisions based on testimony of witnesses before him.

David A. Graham: Trumps fraudulent ways cost him $355 million

Trumps instinct for stalling the legal cases against him is pernicious. U.S. courts must find a way to balance the need for procedural protection with the principle that justice delayed is justice denied, and so far they have shown themselves ill-equipped; consider that the U.S. Supreme Court wont even hear arguments about Trumps immunity from criminal prosecution until a month from today. But forcing Trump to put a FOR SALE BY OWNER sign out in front of Trump Tower today wouldnt serve justice, and might actually undermine it. As for Trump, he may just be delaying that outcomebut thats another problem for him to try to wriggle, cat-like, out of on another day.

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Canes win series, spoil Markstrom 49-save outing

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Canes win series, spoil Markstrom 49-save outing

After the New Jersey Devils saw their season end in double overtime Tuesday night, goaltender Jacob Markstrom wanted to express his frustration via his stick. He thought about boomeranging it to the boards. Instead, he swung it hard against his goalpost, breaking it in half.

Sebastian Aho‘s goal at 4:17 of the second overtime in Game 5 gave the Carolina Hurricanes a 5-4 win and a 4-1 series victory over the Devils. It was the first puck Markstrom had fly by him in 37 consecutive shots on goal, dating to the second period. That included 18 saves he made in overtime, as Carolina marauded a short-handed and exhausted Devils defense but couldn’t solve the 35-year-old goalie.

“That was one of the better goaltending performances that I’ve witnessed,” Hurricanes coach Rod Brind’Amour said of Markstrom, who finished with 49 saves. “He let in a few early that he’d like to have back. But once he got dialed in, you’re thinking it’ll have to bank off somebody, because we’re not beating him.”

Markstrom’s frustration wasn’t just with the overtime goal. The Devils built a 3-0 lead in the first period. Carolina scored three times in the first 5:40 of the second period to erase it. New Jersey responded with a Nico Hischier goal, only to have Aho knot the score at 4 moments later.

“We put up four goals on the road,” Markstrom said. “We should have brought it home. It should have been enough.”

But as his teammates noted, Markstrom’s effort in the overtimes should have been enough to win Game 5.

“We were under siege. He was outstanding. We were reeling,” coach Sheldon Keefe said.

“He played unbelievable. Marky kept us in that first overtime,” Hischier said. “I feel bad for him because he battled his ass off.”

Markstrom was acquired by the Devils last offseason in a high-profile deal with the Calgary Flames that was intended to fix the team’s goaltending, which ranked 30th in 2023-24. He won 26 times in 49 games with a .900 save percentage and a 2.50 goals-against average. He was outstanding, for the most part, in the playoffs: .911 save percentage and a 2.78 goals-against average in five games.

But Markstrom couldn’t overcome two things in the postseason for the Devils. The first were their injuries. Already without star center Jack Hughes, who had season-ending shoulder surgery, the Devils saw defensemen Luke Hughes, Johnathan Kovacevic and Brenden Dillon leave the series with injuries, with defensemen Jonas Siegenthaler and Dougie Hamilton playing at less than 100%.

“We had a few guys go down in the series. A few guys step up and battle. We’ve got to get better. We don’t like the result,” forward Timo Meier said.

The other factor was the Devils special teams. Their power play was officially 0-for-15. Their penalty kill allowed six goals on 19 Carolina power plays.

“That’s why we lost the series for sure. We couldn’t get the power play going. That’s on those guys, including me, that are on the ice. That’s definitely frustrating,” Hischier said.

But the Devils gutted out the series, pushing Carolina to double overtime in an elimination game despite those deficiencies.

“There’s a lot of will in this room,” Markstrom said. “It sucks right now.”

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Yanks make history by again opening with 3 HRs

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Yanks make history by again opening with 3 HRs

BALTIMORE — The New York Yankees became the first team in major league history to open a game with three consecutive home runs more than once in a season when Trent Grisham, Aaron Judge and Ben Rice went deep off Baltimore‘s Kyle Gibson in the first inning Tuesday night.

New York started the bottom of the first of its March 29 game against Milwaukee with three homers in a row. In that game, Paul Goldschmidt, Cody Bellinger and Judge needed only three pitches to hit three homers.

The Yankees added a fourth home run later in the first inning of both that game and Tuesday’s game, making them the first team to belt four in the first inning twice in a season.

On Tuesday night, the Yankees hit three of the game’s first five offerings out to right field.

“Grish got it going for us and set the tone for us early on,” Judge said after the 15-3 win. “When he goes up there and … sends one to Eutaw Street, it’s pretty impressive and gets you going.”

It was an ugly return to the majors for the 37-year-old Gibson, who made 30 starts for the St. Louis Cardinals last season before Baltimore signed him to a $5.25 million, one-year contract in late March. He’d been working in the minors since then before being called up before Tuesday’s game. He was finally pulled with two outs in the fourth after allowing nine runs and 11 hits.

“He gave up four homers in the first inning. That’s kind of a telling sign,” Orioles manager Brandon Hyde said. “At that point I’m just trying to figure out how we’re going to get through the game.”

After Rice’s home run made it 3-0, Gibson retired Goldschmidt on a grounder before Bellinger also homered. Anthony Volpe‘s RBI double made it 5-0 before the first inning was over.

Rice homered again in the second to make it 6-0. Austin Wells hit New York’s final home run — all six came with nobody on — with two outs in the ninth.

“It just shows that we’ve got a lot of depth in the lineup,” Rice said.

Not all the news was great for the Yankees, however. Jazz Chisholm Jr. left the game with right flank discomfort in the first inning.

Chisholm, who is hitting .181 with seven home runs this season, appeared to have hurt himself while he was batting. After being checked on, he stayed at the plate and hit a double, advancing to third on an error by right fielder Ramon Laureano.

Chisholm said he wasn’t worried about needing to go on the injured list.

“I’m really not as concerned as everybody else,” Chisholm said. “I tore my oblique before. I know it’s not torn or anything.”

The Associated Press and ESPN Research contributed to this report.

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DeGrom gets 1st win in 2 years as Rangers rip A’s

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DeGrom gets 1st win in 2 years as Rangers rip A's

ARLINGTON, Texas — Everything came together in the same game for two-time Cy Young Award winner Jacob deGrom and the Texas Rangers batters.

Texas had a much-needed offensive breakout while deGrom struck out seven over six scoreless innings for his first win in more than two years, though he had pitched well enough to win in several other starts this season.

“When was the last one, ’23? Yeah, it’s been a while,” deGrom said after the Rangers’ 15-2 win over the Athletics on Tuesday night.

“He earned it. He had great stuff tonight, he kept us on our toes,” second baseman Marcus Semien said. “We were just talking about how the time of possession was. You know, we were hitting for a long time and he’s getting quick outs. So usually that’s a good recipe.”

The 36-year-old deGrom (1-1) had gone 737 days since also beating the A’s on April 23, 2023, then made only one more start in his debut season with Texas before Tommy John surgery.

He scattered four singles and didn’t walk a batter in a 65-pitch outing (47 strikes). It was only that short since the right-hander didn’t return after an eight-run outburst in the Rangers sixth that matched their previous season high for runs in an entire game and put them up 12-0.

So just how efficient was deGrom? The right-hander honestly thought he was “probably in the 70s or something to 80,” as did catcher Jonah Heim.

“A lot a strikeouts that I feel like he just overpowered a lot of hitters, which is who he is. He’s got that electric fastball,” Heim said.

“My mechanics were pretty good,” said deGrom, a meticulous worker who was feeling good after a side session the day before the game. “I’m constantly trying to perfect it and get in the best positions that I can get based on performance and health.”

Texas entered the night last in the majors with 91 runs scored, and only 12 combined the previous six games. DeGrom had gotten only nine runs of support in his first five starts.

The Rangers snapped a three-game losing streak while setting season highs for runs, hits (18) and walks (nine). They had three bases-clearing doubles in the same game for the first time in team history – Adolis García and Wyatt Langford each had one during a four-batter stretch in that big sixth, and Kyle Higashioka added his three-run double in the eighth.

Their offensive outburst came after the full squad was required to be on the field for batting practice before the game.

“Good to see you guys break out and have a good game. … Some success, it’s contagious,” manager Bruce Bochy said. “You’re hoping this is something these guys can build on, build some confidence.”

For deGrom, he improved to 3-1 with a 2.55 ERA in his 15 starts for the Rangers since signing a $185 million, five-year contract in December 2022. He is 85-58 in 224 career starts, the first 209 with the New York Mets from 2014-2022.

“He was really good tonight. You know, I said when season started, it’s just going to get better with him as he builds up his strength and stamina,” Bochy said. “Really good command tonight, really good stuff. And it’s just getting better with him.”

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