January 2012 - Los Angeles Dodgers Wiretap
Cuban No Longer In Running To Purchase Dodgers
Mark Cuban will not be the next owner of the Dodgers. He was eliminated from the ownership sweepstakes on Friday, along with baseball executive and former agent Dennis Gilbert, according to two people familiar with the process. At least eight bidders advanced to the second round. Cuban, the owner of the Dallas Mavericks, previously pursued the purchase of the Cubs and Rangers.
Dodgers Begin Narrowing Ownership Bids
Ten potential ownership groups hoping to purchase the Dodgers have advanced to the second round of bidding, according to a source. Through multiple sources, five groups are known to have advanced to the second round: -- The group headed by Lakers legend Magic Johnson and largely funded by Guggenheim Partners chief executive officer Mark Walter. -- The group headed by Steve Cohen, the billionaire hedge fund manager and founder of SAC Capital Advisors in Stamford, Conn. -- The group headed by Los Angeles real estate developer Rick Caruso, a group that also includes former Dodgers manager Joe Torre. -- The group headed by Stanley Gold, the chief executive officer of Shamrock Holdings, a private investment company founded by the late Roy E. Disney, with several of Disney's surviving family members also involved in that group. -- The group headed by former Dodgers owner Peter O'Malley, which reportedly has discussed joining the Gold/Disney group but thus far hasn't done so.
Dodgers Secretly Bid On Fielder
The Dodgers pushed hard behind the scenes in recent weeks to sign Prince Fielder. For a while, the bankrupt club believed that they might have a chance to sign the free agent secretly. Their initial offer was a seven-year deal that included a four-year opt-out. The Dodgers even flew to meet with Fielder at an undisclosed location before he signed with the Tigers this week. The Nationals were also believed to be in on Fielder up until he agreed to join Detroit.
Kershaw Wins Spahn Award
Dodgers pitcher Clayton Kershaw accepted the Warren Spahn Award on Thursday night as the best left-handed pitcher in baseball, according to an ESPN.com report. "It's the biggest trophy I've ever gotten," Kershaw said, laughing. "I don't know if I'll be able to carry it on the plane."
Sources: 12 Groups Submit Dodgers Bids
About 12 groups submitted initial bids to purchase the Dodgers from Frank McCourt, according to several sources. Among the most notable bidders were Dallas Mavericks owner Mark Cuban and former YES Network CEO Leo Hindery, according to two sources. One of the people also confirmed a Los Angeles Times report that Stan Kroenke was involved in the bidding. Kroenke already controls the St. Louis Rams, Denver Nuggets, the Colorado Avalanche, Arsenal of the English Premier League and Colorado Rapids of MLS. Some of the other groups include former Lakers star Magic Johnson, former Dodgers manager Joe Torre, former Dodgers owner Peter O'Malley and former agent Dennis Gilbert.
Dodgers Expected To 'Ultimately Be In Play' For Fielder
A surprising report on Sunday appeared to bring another suitor into the slow-developing race to sign Prince Fielder. The New York Post reported that numerous Major League executives expect the Dodgers to "ultimately be in play" for the first baseman. Outgoing owner Frank McCourt could sign Fielder, with the blessing of the club's incoming owners. However, even that may not be necessary, since McCourt approved an eight-year, $160 million contract for Matt Kemp in mid-November, when the upcoming sale of the franchise was already in the works.
Loney Has Failed To Live Up To 30 HR Potential
James Loney hit .331 with 15 home runs in 344 at-bats as a rookie in 2007. His promising debut led Los Angeles to believe he could be a player that would hit for average and hit 25 to 30 home runs per season. Loney hit one homer per 22.9 at bats in his second season, but that doubled to the 45.0 territory for three of the past four seasons. Loney will make over $6 million with the Dodgers in 2012.
Dodgers File Bankruptcy Reorganization Plan
The Dodgers have filed a proposed bankruptcy reorganization plan, a little more than a week after resolving a court fight with Fox Sports that threatened plans to sell the ball club. The team said in court documents filed in U.S. Bankruptcy Court in Delaware that the pending sale of the team should satisfy all creditor claims in full, either through cash payments or assumption of the claims by the new team owners. The Dodgers intend to complete a sale of the team by April 30, as called for in a settlement with Major League Baseball. The April 30 date coincides with the deadline for Dodgers owner Frank McCourt to pay $131 million to his ex-wife, Jamie, as part of their divorce settlement.
Judge Signs Off On McCourt Divorce Settlement
A Los Angeles judge has ratified a binding agreement between outgoing Dodgers owner Frank McCourt and his former wife Jamie McCourt in their divorce case. Superior Court Judge Scott Gordon on Thursday signed off on the settlement that calls for Frank McCourt to pay his ex-wife $131M by the end of April.
Dodgers Strike Deals With Ethier, Loney, But Not Kershaw
Dodgers right fielder Andre Ethier and first baseman James Loney avoided arbitration with the team by agreeing to one-year deals on Tuesday. Meanwhile, L.A.'s only remaining eligible player, left-hander and reigning National League Cy Young Award winner Clayton Kershaw, officially requested a $10 million salary for 2012. The Dodgers countered at $6.5 million for Kershaw, which in itself would represent a $6 million increase over the $500,000 Kershaw earned in 2011. "It's part of the process, but we have plenty of time to come to an agreement," Dodgers general manager Ned Colletti said. "That would be our choice, but it is going to take more than us to come to that decision."
Sources: Yankees Add Kuroda To Rotation
The Yankees and pitcher Hiroki Kuroda have agreed to a one-year deal worth $10M.
Blake Hawksworth To Have Surgery
Dodgers right-handed reliever Blake Hawksworth will undergo arthroscopic surgery on his right elbow Wednesday morning.
Dodgers Settle Lawsuit With FOX
The Dodgers and Fox settled their lawsuit late Tuesday night, removing an impediment to the sale of the bankrupt team.
Dodgers Done With Offseason Moves?
The Dodgers began the offseason with big dreams, but they may have already reached their spending limit.
Mattingly: Braun Shouldn't Be MVP If Appeal Fails
Don Mattingly hopes that Ryan Braun wins his appeal for a positive drug test.
Sources: Disney Family To Bid For Dodgers
Stanley Gold and members of the Disney family plan to bid for the Los Angeles Dodgers, according to sources.
Sources: Investment Groups Get Tour Of Dodgers
The New York investment group handling the sale of the Dodgers has begun scheduling tours of Dodger Stadium with prospective ownership groups.
Dodgers Re-Sign Mike MacDougal
The Dodgers re-signed reliever Mike MacDougal to a $1M, one-year contract on Thursday.
Sources: Six Bidders For Dodgers Pass Initial Step
Six bidders for the LA Dodgers have received clearance to enter into discussions with the NY investment group handling the sale.
Torre Steps Down From MLB Job To Pursue Bid For Dodgers
Joe Torre has stepped down from his job as an executive vice president of baseball operations for MLB to pursue a bid to purchase the Dodgers.
Coco Crisp Decides On Mystery Team
Coco Crisp has decided where to play in 2012, but he isn't revealing the identity of the team just yet.