The joint venture between the ownership group led by Magic Johnson and soon-to-be former Dodgers owner Frank McCourt for land around Dodger Stadium will not allow McCourt to reap any profits from parking revenue, according to three different sources. The new ownership group, which entered into a $2.15 billion deal to purchase the Dodgers on Tuesday night, has control over the parking lots and land around the stadium.

A former high school classmate of Carl Pavano has been accused of trying to extort money and a luxury SUV from the Twins pitcher. According to a police filing, Pavano's sister, Michelle DeGennaro, said Christian Bedard of Southington, Conn., was "attempting to extort monetary funds for his fabricated, false information" and that he believes he can hold the Pavano family "hostage" with the information. Bedard told the Record-Journal of Meriden, Conn., which first reported the story, that he had an "emotional and physical relationship" with Pavano for three years while they were in high school. The filing says he threatened to reveal the alleged relationship and to write a book about it unless Pavano apologized to him and bought him a Range Rover.

A former high school classmate of Carl Pavano has been accused of trying to extort money and a luxury SUV from the Twins pitcher, according to an ESPN.com report. According to a search warrant affidavit filed by police earlier this month, Pavano's sister, Michelle DeGennaro, said Christian Bedard, 36, of Southington, Conn., was "attempting to extort monetary funds for his fabricated, false information" and that he believes he can hold the Pavano family "hostage" with the information.

The joint venture between the ownership group led by Magic Johnson and soon-to-be former Dodgers owner Frank McCourt for land around Dodger Stadium will not allow McCourt to reap any profits from parking revenue, according to three sources with knowledge of the situation.

Dodgers fans and players are thrilled Magic Johnson is part of the group that bought the team, but many are wondering how Frank McCourt could remain connected to the franchise he was forced to sell. The Johnson group, largely funded by Guggenheim Capital chief executive officer Mark Walter, agreed to purchase the Dodgers, Dodger Stadium and a 50 percent stake in the parking lots surrounding the ballpark from McCourt for $2.15B. Sources with knowledge of the agreement told ESPNLosAngeles.com's Tony Jackson the group will purchase half of the Dodger Stadium parking lots, deemed to have a total value of $300M, with McCourt keeping the other half.

Dodgers owner Frank McCourt has announced an agreement to sell the bankrupt team for $2 billion to a group that includes former Lakers star Magic Johnson and former Braves and Nationals president Stan Kasten. The agreement, revealed about five hours after MLBl owners approved three finalists for the auction, is to lead to a transfer of the team by the end of April. It is subject to approval in federal bankruptcy court.

There are only three bidders left in the race to purchase the Los Angeles Dodgers. Bloomberg has reported that the three finalists include a group led by Magic Johnson and veteran baseball executive Stan Kasten; St. Louis Rams owner Stan Kroenke; and a group led by hedge-fund billionaire Steven Cohen and Los Angeles billionaire and philanthropist Patrick Soon-Shiong.

Red Sox relief pitcher Bobby Jenks was arrested early Friday morning and charged with five misdemeanors, including driving under the influence and leaving the scene of a crash involving damage to property, according to the Lee County, Fla., sheriff's office. The police report indicated Jenks was booked at 3:43 a.m. and released on $4,250 bail at 8:45 a.m. Jenks also was charged with three counts of DUI and damage to property.

A woman accused of stalking Yankees GM Brian Cashman and shaking him down for $6,000 has been indicted, prosecutors said Wednesday, but they didn't disclose the charges. The indictment against Louise Neathway isn't expected to be made public until a court date next month. The indictment signaled continuing legal problems for Neathway, a British-born medical sales worker who denies the allegations. Her lawyers have said Cashman made the accusations after a romance between the two soured.

Mets owners Fred Wilpon and Saul Katz sold 12 minority stakes in the troubled franchise worth $240 million last week. The proceeds were used to pay off Major League Baseball and reduce the team's debt. In addition to playing back MLB, Wilpon and Katz paid at least $100 million toward $430 million of team debt, sources said.