The proposed $2.15 billion sale of the Los Angeles Dodgers to a group primarily financed by Guggenheim Partners and led by longtime sports executive Stan Kasten and NBA legend Magic Johnson is not yet a done deal. Major League Baseball and the 29 other ownership groups must formally approve the sale and U.S. Bankruptcy Judge Kevin Gross must be assured that it will enable current owner Frank McCourt to pay off his creditors.
LOS ANGELES -- The second-best trade in the history of the Dodgers was made on July 18, 1939, when they acquired shortstop Pee Wee Reese from the Red Sox for $35,000 and four players to be named later, most notably pitcher Red Evans. Reese made 10 All Star teams and was inducted into the Hall of Fame. Evans, whose career record was 1-11, never appeared in the big leagues again.
The troubled Los Angeles Dodgers, one of baseball's most storied franchises, began receiving bids from potential buyers this week in a sale that's expected to set a Major League record at more than $1 billion.
LOS ANGELES -- Only now, with the divorce trial settled and the bankruptcy court satisfied, with tens of millions spent on legal fees and hundreds of millions taken in personal loans, with the franchise finally up for auction and buyers mercifully preparing bids, Frank McCourt is doing something for the Dodgers.
After insisting for months that he would fight commissioner Bud Selig in bankruptcy court to keep the Dodgers, Frank McCourt has relented and agreed to a settlement that ends the litigation and calls for a court-supervised process to sell the team and its media rights.
PHOENIX -- It was an interesting first half. Two managers quit. None were fired. Two managers were hired. The average age of them was 74. The heavily-favored Phillies did what they were supposed to do, and the Red Sox pretty much did, too. But surprises abounded, led by none other than the usually pathetic Pirates, who are capturing a city and threatening to post a winning record for the first time since Barry Bonds left town. The Indians are right in the thick of things, too, to nearly everyone's surprise. And the Nationals would be, if they weren't in the same division as the Phillies and Braves.
In a tight, wait-and-see trade market, the San Diego Padres are one of the few potential sellers already engaging in early and serious trade discussions. The Padres have several valuable pieces, and executives who have spoken to them say they are being very aggressive. San Diego has even shown a willingness to at least engage in trade talk even about a star young reliever such as Mike Adams, whose 0.65 WHIP, $2.5-million salary and inability to become a free agent until after the 2012 season would bring a haul.
Embattled Los Angeles Dodgers owner Frank McCourt scored a partial victory in bankruptcy court Tuesday, but the judge left the door open to giving Major League Baseball the ultimate victory at a hearing next month.
The Los Angeles Dodgers filed for bankruptcy court protection early Monday, less than a week after Major League Baseball blocked the team from signing a new television deal to provide it with the cash it needed to meet the team's payroll.
Baseball commissioner Bud Selig has rejected Frank McCourt's multi-billion dollar TV deal with Fox, in effect nullifying the McCourts' proposed divorce settlement and keeping the Dodgers in limbo for the time being.
As one of the most successful franchises in Major League Baseball history, the Los Angeles Dodgers opened the 2011 season with a victory over the World Champion San Francisco Giants. The nationally televised game was nearly sold out with a seating capacity of 56,000 fans.
The family of Bryan Stow, the San Francisco Giants fan who was severely beaten at Dodger Stadium, filed a civil lawsuit Tuesday claiming faulty security measures and defective facilities contributed to his attack, court officials said.
NEW YORK -- The Mets and Dodgers were said not to have been discussed in the general sessions at baseball's owners meeting here this week, but commissioner Bud Selig acknowledged he met with embattled Dodgers owner Frank McCourt and both of baseball's uncertain ownership situations surely hung over the entire proceedings. By the time it was over, two things became clear: MLB's powers are comfortable with how what's happening with the Mets-owning Wilpons and as uncomfortable as ever with McCourt's Dodgers stewardship.
The reason baseball commissioner Bud Selig appointed Tom Schieffer as emissary to oversee the day-to-day operations of the Los Angeles Dodgers while leaving the New York Mets alone for now is the vastly different history of the teams' ownership groups.
Bud Selig's decision to take over operations of the Los Angeles Dodgers could lead to Dodgers' owner Frank McCourt suing the commissioner and Major League Baseball. Such a lawsuit would challenge the powers of the MLB commissioner. It would also test whether independently-owned clubs are more like individual businesses or subdivisions of a larger company known as Major League Baseball.
Frank McCourt is still technically the owner of the Dodgers. But his ownership seems less viable after his messy seven-year stewardship grew much messier during the past year. Commissioner Bud Selig has shown no inclination to approve McCourt's multiple Fox proposals for a new multi-billion-dollar TV contract he thinks could keep him afloat, and on Wednesday evening Selig announced that he was going to appoint a representative of the commissioner's office to oversee the finances and day-to-day operations of the franchise.
Los Angeles Mayor Antonio Villaraigosa made an emotional plea Friday asking the two men suspected in the recent brutal beating of a visiting San Francisco Giants fan after a Dodgers game to "turn themselves in."
High-ranking Dodgers representatives met Tuesday in New York with Major League Baseball executives in a late effort to keep embattled Frank McCourt as owner of one of baseball's marquee teams, sources told SI.com.
In the 79 days since the World Series ended the Hot Stove has cooled considerably, but with 26 days remaining until pitchers and catchers report for spring training these five pressing questions still have yet to be resolved.
LOS ANGELES --- One final shred of dignity was peeled from the Dodger facade Friday night, Joe Torre announcing that he would not return to manage the team next season, and Frank McCourt claiming that the decision had nothing to do with him. They sat across from each other at the press conference, an employee who restored credibility to the franchise, and a boss who stripped it away. McCourt thanked Torre for his service --- specifically, consecutive division titles and NLCS berths --- but his gratitude should have extended much farther. Torre did for McCourt what his legion of image makers and PR consultants could not: he put a respectable face on a sullied franchise, and now, that face is gone. McCourt no longer has Torre to play front man. He sits alone atop the Dodger brand, along with his wife Jamie, the couple from Boston who bought the club on borrowed money, used it to borrow more money, and are fighting over it in one of the most expensive divorces in California history. The
LOS ANGELES (AP) -- An estate-planning attorney testified Tuesday that last summer, she met with a distraught Frank McCourt who told her he wasn't going to sign a revised marital agreement that would share the Los Angeles Dodgers with his wife.
LOS ANGELES -- Dodgers general manager Ned Colletti stood on the field before Game 1 of the National League Championship Series and said he did not anticipate his team would change the way it does business in light of the separation between owner Frank McCourt and his wife Jamie. He sounded a little like former Padres general manager Kevin Towers two years ago, oblivious to the freight train that was barreling toward him.
Author Frank McCourt, whose tragic childhood became creative grist for his first book, the Pulitzer Prize-winning "Angela's Ashes," died Sunday, according to the Web site of his publisher, Simon & Shuster. He was 78.
GLENDALE, Ariz. -- Despite seeming to be practically pennies apart in his negotiation with superstar free agent Manny Ramirez, Dodgers owner Frank McCourt suggested again here Sunday that the sides were "starting from scratch." Those are ominous words indeed, if he means them.
LOS ANGELES -- There are some early signs that the Dodgers' negotiations involving Manny Ramirez, who almost single-handedly lifted the storied franchise to the postseason, will not necessarily go smoothly. Ramirez is believed to be seeking a six-year deal for as much as $25 million per year, and Dodgers owner Frank McCourt is said to be skeptical that the competition will be keen for the controversial but ultra-productive superstar he acquired for virtually nothing a minute before the trade deadline.
LOS ANGELES -- Hitting savant Manny Ramirez got a quick glimpse of Dodgers teammate Andruw Jones' failing batting technique and is said by intimates to have opined that Jones' backside (not to mention his career) was obviously collapsing and that it should be an easy fix.
Paul Wasicka is sitting in front of a pair of computers in the corner of his quaint hotel room searching for a pen. It wouldn't be so hard to find if he wasn't sharing the room with two of his friends and there weren't suitcases and clothes sprawled everywhere, but he is and it's making it hard to find anything in these cramped quarters.