I just spoke to Nicole a minute ago to set the record straight before the rumors start flying. Here is the straight dope.
Keith and crew were headed uphill near Cedros yesterday at 5:30pm when the bilge alarms started going off.
The boat was taking water fast and bilge pumps were unable to keep up with the incoming water.
Fortunately a tug was close and they picked up Keith and crew very quickly. Keith is currently riding home on the tug and should be in San Diego soon.
A horrible situation for sure but thankfully no one was hurt. I'm sure Keith will be back at it on a new rig before we know it.