Major League Baseball has rejected a proposed television contract for the Los Angeles Dodgers, putting the future of the team in limbo. The deal has been reported to be worth $3 billion and owner Frank McCourt would receive $385 million upfront. That money was critical to the financial health of the Dodgers. The news comes just days after Frank and Jamie McCourt agreed on a divorce settlement and it nullifies the agreement, sending the McCourts back to the drawing table. "This decision was reached after a full and careful consideration of the terms of the proposed transaction and the club's current circumstances," commissioner Bud Selig said in a statement. "It is my conclusion that this proposed transaction with FOX would not be in the best interests of the Los Angeles Dodgers franchise, the game of Baseball and the millions of loyal fans of this historic club."