A sad day, folks: The Israeli Baseball League has cancelled its 2008 season. We don't want to point any fingers, but, uh, you know, the players were chosen by former Red Sox GM Dan Duquette. Might be a factor.

Of course, it also might have been the extreme financial mismanagement that caused to many American investors, including Yankees president Randy Levine and Bud Selig's daughter, to bail out.

According to (league president Haim) Katz, the league's problems stemmed largely from a number of Israeli creditors who, he said, had not been paid by the IBL. "2008 is not happening, 2009 we're working on. Right now it's [nearly] the first of June, and there's no preparation. But there are many parties interested in reviving professional baseball [in Israel]."

You can find a history of the league right here. We picked a terrible day to buy a personalized Petach Tikva jersey.

Oy Vey Iz Mir: Israel Baseball League Disbands [Walk Off Walk]