Showing posts with label Magic Johsnon. Show all posts
Showing posts with label Magic Johsnon. Show all posts

Tuesday, March 27, 2012

Magic Johnson, Los Angeles Dodgers' owner

The short list of people affiliated with the Dodgers' organization who are recognizable by one name just grew by one.

There's Vin, Tommy, Jackie, Sandy and now Magic.

The ownership group led by Magic Johnson and Stan Kasten was chosen tonight as the winners of the auction. Initial reports put the sale at $2.15 billion, or 2,150 million dollars.

Ken Gurnick was the first to report the news.

The only blemish in this deal is the parking lots are not included.
"Current owner Frank McCourt and certain affiliates of the purchasers will also be forming a joint venture, which will acquire the Chavez Ravine property for an additional $150 million."
Now, that's not to say the group only needed to kick in an extra $150 million to get the lots. I'm sure if that were the case, it would have been done. However, it's not the end of the world. It sucks McCourt is still involved, but it's a minor part, which is better than him keeping the team completely.

Update (March 27, 9:44 p.m.): From Bill Shaikin:
"Parking lots will be controlled by Magic's group."
Outstanding.

Mark Walter will be the controlling owner. The bankruptcy court must still approve the sale on April 13.

This is a fantastic day for Dodger fans. This has been a long time coming. With Johnson, there is the tie to Los Angeles -- something that's been missing since the O'Malley days. Stan Kasten, one of those behind the great Braves' runs of the 1990s and part of the rebuilding Washington Nationals, might be the most underrated part of this deal.

Some, myself included, were expecting the Steve Cohen/Patrick Soon-Shiong group to have the largest bid. We were hoping McCourt would do the "right" thing and choose the Johnson group, even if the money wasn't as high. Well, apparently that wasn't an issue.

But back to Magic. The guy is one of the most popular athletes in Los Angeles sports history. The importance of that cannot be understated. This is akin to Kobe Bryant buying the Lakers in 15 years, but it's probably not even on that level. In the end, there couldn't have been a better person to be the face of this franchise.

Johnson's experience as part owner of the Lakers will help him when it comes to being part owner of the Dodgers. Here's a statement from Johnson:
"I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles."
Now, things aren't suddenly going to change. Ned Colletti still needs to go and the Dodgers need to commit to the draft and international scouting. I had been holding off writing my season prediction post until seeing who was going to be the new owner. I'm not going to give everything away, but the postseason might not be that far out of reach.

This is a great day, folks. Revel in it. Things are looking up.

Go Blue!

Photo credit: Rafael Amado Deras on Flickr (Johnson)

Saturday, March 24, 2012

Three groups remain in bid to be next Dodgers' owner, plus other news

Bill Shaikin of the Los Angeles Times reported Friday there are three groups left in the Dodgers' ownership race: the Magic Johsnon/Stan Kasten group, the Steve Cohen/Patrick Soon-Shiong group St. Louis Rams' owner Stan Kroenke.

The Cohen group emerged as the favorite on Sunday when Soon-Shiong decided to join Cohen in his attempt to purchase the team.

The dates remain unchanged, as this should all be settled by April 6 at the latest. From Shaikin's article:
"Major League Baseball owners are expected to vote on the three remaining bidders early next week. Final negotiations then would take place with Frank McCourt and Blackstone Advisory Partners, the investment bank brokering the sale.

McCourt has agreed to identify a winning bidder by April 1, although he has until April 6 to present a sale agreement to the U.S. Bankruptcy Court."
The Dodgers are expected to sell for a record price -- somewhere north of $1.5 billion -- but the parking lots and Dodger Stadium itself remain an issue.
"McCourt was offered between $1.3 billion and $1.6 billion in the most recent round of bids. However, negotiations have not taken place, and it is uncertain how the purchase price might be affected if McCourt refuses to include the Dodger Stadium parking lots in the sale. McCourt has said he intends to sell the team but keep the lots, in accordance with his rights under his settlement with MLB."
Whichever group ends up winning, let's just hope and pray McCourt gives in and sells the lots, too. He ties need to be completely severed from this great and proud organization. He's a black eye the franchise does not need.

It's going to be a fun eight-plus days. Everyone seems to think the Cohen group is going to win, but I'm still holding out hope for the Johnson/Kasten group.

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The Dodgers reassigned three players after today's games: Angel Guzman, Wilfredo Ledezma and Fernando Nieve.

Guzman threw 5 1/3 scoreless innings, allowing one hit, one walk while striking out two. He could see time in Los Angeles this year, if there are enough injuries.

Ledezma posted a nice line in 5 2/3 innings: two hits, two runs (one earned) and four strikeouts. His biggest problem was the walks, as he walked five.

Nieve threw the most innings of the trio and was, at one point, making a case to make the Dodgers' Opening Day roster. He threw 8 1/3 innings, allowing six hits, three runs (all earned) while striking out six. He didn't walk anyone. He could be an option if the Dodgers need a swingman this season.

Notes from today's game vs. Cleveland

Dee Gordon collected a couple hits to raise his spring batting average to .415. He also stole his eighth base.

Andre Ethier picked up his 11th extra base hit of the spring -- a double -- in today's win.He's hitting .419 and appears ready to have a big season.

Chris Capuano had a solid game: 5 IP, 6 H, 2 R, 2 BB, 5 K.

John Grabow and Jamey Wright, fighting for a bullpen spot, were both unscathed. Dylan Hernandez of the L.A. Times tweeted contract numbers for Grabow and Wright if they both make the team:

Grabow

"John Grabow's contract will be guaranteed for $800k if he makes the big-league roster. Deal includes $200k in incentives based on GP."

Wright

"Jamey Wright's contact will be guaranteed for $900k if he makes the big-league roster. Deal includes $500k in incentives based on GP."

If we're making decisions based solely on money, Grabow's the choice. If we're making it based on need and talent, well, Grabow's still the choice.

I predicted he'd make the 25-man roster when he was signed. He's making a strong case to do just that.

Photo credits: health2con on Flickr (Soon-Shiong),
Rafael Amado Deras on Flickr (Johnson)

Sunday, March 18, 2012

Spring Training battles emerging, plus roster cuts and ownership news

The Dodgers made their second round of Spring Training cuts today, reassigning Jeff Baisley, Gorman Erickson, Matt Wallach and Lance Zawadzki to minor league camp. The Dodgers also gave Alberto Castillo his outright release.

Absolutely no surprises here. The only two of note in the group are Erickson and Wallach. Erickson will likely begin the season in Chattanooga with the Lookouts after getting a taste of Double-A late last season. Wallach, who spent 76 of his 79 games with the Lookouts last season, should back up Tim Federowicz in Albuquerque with the Isotopes.

The roster sits at 49 players. It obviously has to be down to 25 before Opening Day. There are a few interesting battles developing.

Jerry Sands vs. Josh Fields
- This isn't exactly a position battle, but both players are right-handed and aiming for bench spots. Sands, my No. 1 prospect a year ago, hasn't exactly lit up Spring Training while Fields has. However, this could (and should) come down to playing time. The Dodgers aren't going to platoon Andre Ethier and James Loney and Juan Rivera (with his $4.5 million contract) is certainly not going to sit. So, it seems Sands will begin the season in Triple-A.

Fields played part of last season in Japan and is making a str0ng case to be on the Dodgers' bench to start the season. I could see it happening because the bench, as constructed, looks to lack power -- not just right-handed power.

Justin Sellers vs. Ivan De Jesus
- Sellers has the edge in this matchup due to his ability to play shortstop. Without Sellers, there is no viable backup option to Dee Gordon (and no, Jerry Hairston is not viable). Sellers is also hitting well in Spring Training and had a couple moments with the team last year.

De Jesus has long since been in the team's doghouse (at least it seems that way) and just suffered an injury to his left oblique. It's not known how serious it is, but that, coupled with the fact he hasn't hit well and can't play shortstop more than in a pinch, should really about seal it for Sellers.

John Grabow vs. Josh Lindblom
- Grabow was signed earlier in December and I predicted he'd make the club out of Spring Training. So far, Grabow has thrown 4 2/3 innings of scoreless ball and has six strikeouts. He's making quite the case to be the Dodgers' second lefty out of the bullpen.

Lindblom has been fine so far, but he has options remaining and the fact that Scott Elbert is the only left-hander could lead the team to sending him to Triple-A. Matt Guerrier has back issues right now and could open a door for Lindblom to make the team if he starts the season on the disabled list.

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Bill Shaikin brings us news of something huge going on in the Dodgers' ownership race.
"Patrick Soon-Shiong, the richest man in Los Angeles, has joined the Dodgers bid group led by hedge-fund billionaire Steven Cohen.

The alliance is the strongest indication yet of Cohen's intention to present outgoing owner Frank McCourt with a final bid that reflects prominent local support rather than just overwhelming East Coast money.

If McCourt were to accept the Cohen bid, he would be rejecting one led by local icon Magic Johnson. Soon-Shiong has held several meetings with McCourt since the Dodgers were put up for sale in November, according to people familiar with the process."
Well, that about settles that. With Soon-Shiong joining Cohen's group, a group that reportedly has the most up-front money included in its bid (roughly $500 million), it's hard to see how the richest man in Los Angeles joining the group is anything but good Cohen.

Speculation was Soon-Shiong was to join the Johnson-Stan Kasten group, but that obviously never materialized.

Cohen also reportedly has interest in bringing in former Cardinals' and Athletics' manager Tony LaRussa, recently retired, to oversee baseball operations for the club. While the prospect isn 't exciting, despite LaRussa winning two World Series titles in St. Louis and one in Oakland, it's about time we start to accept it and get used to it.

Mike Petriello has a good post on it while trying to look on the bright side of today's breaking news.
"Now, I’ve been pretty clear how against Cohen I’ve been since the beginning of this process. Now that it seems he’s the clear frontrunner, I’m trying to look on the bright side here, and there’s one massive bright side: Cohen and Soon-Shiong are estimated to be worth over $15 billion between the two of them. That means we may not have to worry so much about whether a record-setting purchase price would impact the ability to invest in the team and stadium; it also means that we may not have to worry about a large amount of debt being a part of the purchase price."
There should be a lot of news in the last two weeks of the saga. April 1 is the day all Dodger fans are anxious and eager to see.

Photo credit: wisely on Flickr

Sunday, March 11, 2012

Wrapping up the first week of Dodgers' Spring Training

The Dodgers finished their first week of Spring Training with a 5-1-2 record, which obviously means they're going to the World Series.

Seriously, though, they had a solid week. Some players had solid weeks as well.

Hitters

Andre Ethier has five hits in eight at-bats, including three extra base hits (double, triple, home run) and only one strikeout. He missed Saturday's game against the Mariners with back tightness, but it doesn't sound too serious.

Matt Kemp hit his first home run of the spring on Friday against the Mariners. He's 4-for-12, but also has six strikeouts. But there's no need to panic.

A surprise performer so far has been Josh Fields, who is 7-for-12 with two doubles, a triple and two RBI. Fields began his career as a member of the White Sox and spent 2010 with the Royals and 2011 with the Rockies' Triple-A team and Yomiuri Giants of the Japanese League. He's battling for a bench spot, but I don't think he's a legitimate option unless there is a rash of injuries.

Former Rockie Cory Sullivan also had himself a week, going 6-for-12 with a double, a home run (a grand slam against the White Sox on Saturday) and a team-leading six RBI. Like Fields, I don't expect Sullivan to make the squad, but he's playing well so far.

Alex Castellanos and Juan Rivera are tied with the team lead in home runs with two.

Pitchers

Chris Capuano had the best debut, pitching two scoreless innings, allowing two hits and striking out three.

Todd Coffey also appeared for two innings (in two outings) and like Capuano, struck out three hitters.

The bullpen trio of Scott Elbert, Javy Guerra and Kenley Jansen has pitched six innings, given up five hits, three walks, struck out seven and, most importantly, have yet to allow a run.

It'll be interesting to see how some guys continue to perform before the first round of cuts is made.

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The Dodgers signed Jarrad Page to a minor-league deal. If that name sounds familiar, you're probably a UCLA, Chief, Patriot, Eagle or Viking fan. He is the free safety who attended UCLA and was drafted in the seventh round by Kansas City in the 2006 NFL Draft.

He participated in the Dodgers' open tryout on March 1, a tryout that also resulted in the signing of former Dodger prospect Blake Johnson and former Blue Jay draft pick Brandon Mims.

Page was signed as an outfielder and was drafted three times before he decided to pursue football. He's 27 and getting a late start, so I wouldn't hold my breath hoping for him to be something. He's more likely to be picked up to play safety again than he is to pick up a bat in a Major League game.

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Prospective Dodger owners are touring Camelback Ranch this week prior to the new owner being selected in less than a month.

Bill Shaikin of the L.A. Times has the lowdown:
"(Steve) Cohen is widely considered one of three favorites to buy the team, along with St. Louis Rams owner Stan Kroenke and a group led by Magic Johnson and veteran baseball executive Stan Kasten.

Cohen has an estimated net worth of $8.3 billion and Kroenke an estimated net worth of $3.2 billion, according to Forbes.

The other candidates include Stanley Gold and the family of the late Roy Disney; a group led by New York media investor Leo Hindery and Southern California billionaire Tom Barrack; a group led by Memphis Grizzlies owner Michael Heisley and Los Angeles investor Tony Ressler; and Beverly Hills real estate developer Alan Casden."
So, it seems we're down to seven groups again. My money (and heart) is still on the Magic-Kasten group, but anything can happen right now.

I mean, Magic wouldn't have sold his minority stake in one of the most lucrative professional sports teams in the Lakers if he didn't feel he'd have a great shot of being part owner of the Dodgers, would he?

This whole saga should be determined in the next three weeks. It's been a long time coming for Dodger fans and it'll be nice to finally move on from the Frank McCourt era. Hopefully that means we'll get to move on from the Ned Colletti era, too.

Photo credits: SD Dirk, Flickr (Kemp), Rafael Amado Deras, Flickr (Johnson)

Sunday, January 29, 2012

Number of prospective Dodgers' owners down to eight

It isn't often that $1 billion isn't enough money, but that was exactly the case for a lot of prospective Dodger bidders on Friday.

Two of the biggest names -- Mark Cuban and Dennis Gilbert -- were informed their initial bids did not get them to the second round.

Gilbert getting ousted is not too shocking, as Frank McCourt gets to make the final decision and Gilbert is buddy-buddy with MLB Commissioner Bud Selig (not exactly McCourt's favorite person right now).

Cuban has stood firm on the amount of money he'd spend on the Dodgers -- or any baseball team, for that matter. Cuban told this to the Los Angeles Times in November:
"'I don't think the Dodgers franchise is worth twice what the Rangers are worth.'"
Besides, he's only (using this loosely) worth upward of $2.3 billion, so it would have been really surprising to see him put up more than half his net worth to buy the Dodgers. But he's a smart man and I'm sure he could have found a way to make it work.

Cuban's been weary of buying the Dodgers for too much since November, so it's not that surprising he's out after the first round.

I know when the Dodgers first went on the market, a lot of folks wanted Cuban to end up owning the team. He's proven with the Dallas Mavericks that he'll spend the money to win. But this could be a good thing for everyone involved.

The Orel Hershiser-Steve Garvey group is also out of the bidding.

The confirmed remaining bidders are:
  • Steve Cohen
  • Stanley Gold/Roy Disney
  • Leo Hindery/Marc Utay
  • Magic Johnson/Stan Kasten
  • Stan Kroenke
  • Josh Macciello
  • Peter O'Malley
  • Joe Torre/Rick Caruso
Macciello confirmed, on his Twitter account, that he's still in it -- at least, one could deduce that from this:
"love That Pearl Jam song 'I'm still alive'"
So there you have it. The Johnson-Kasten group remains my favorite and is probably the favorite overall.

Man, April 6 cannot get here soon enough.

Monday, January 23, 2012

At least 10 billionaires submit inital bids to buy the Dodgers

Bill Shaikin of the L.A. Times has the first story on at least 10 billionaires who submit opening bids to buy the Dodgers today.

The names revealed include Magic Johnson (and Stan Kasten), Mark Cuban, Joe Torre (and Rick Caruso), Steven Cohen, Peter O'Malley, Stanley Gold (and Disney) and Dennis Gilbert.

Two new bidders came to the forefront today: St. Louis Rams' owner Stan Kroenke, who is decided whether to place a bid, and New York investors Leo Hindery and Marc Utay, who attempted to buy the Chicago Cubs two years ago.

Kroenke recently purchased the Rams and there is speculation he might attempt to move the team back to Los Angeles after the 2014 season.

Update (9:11 p.m., Jan. 23): Molly Knight of ESPN the Magazine confirmed the group led by Orel Hershiser and Steve Garvey also submitted a bid today.

She also wonders about a man worth more than $7 billion -- Los Angeles' Patrick Soon-Shiong. He bought Johnson's minority stake with the Los Angeles Lakers in 2010.

Today's deadline was a soft one and, as Ramona Shelburne of ESPN LA tweeted last night, the bids can change and the bidders have no obligation to follow through on the bids.

The sale price is expected to be upward of $1.5 billion.

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Jared Massey of L.A. Dodger Report has a look at Angelo Songco, who was No. 13 on his Top 20 Dodgers' prospect list.

Mike Petriello of Mike Scioscia's Tragic Illness just wants a team to sign Prince Fielder, even if it isn't the Dodgers.

Brandon Lennox of True Blue L.A. has finished the first half of his 200-prospect countdown.