New York Times sells part of stake in Red Sox

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Back in 2002 the New York Times bought 17.75 percent of the Boston Red Sox (along with Fenway Park, the New England Sports Network, and a few other properties) as part of an investment group led by principal owner John Henry.
Eight years later the newspaper has sold off 1.18 percent of New England Sports Ventures to “a venture capitalist” named Henry F. McCance. No word yet on the sale price, but according a report about the New York Times in the New York Times the newspaper initially paid $75 million for the 17.75-percent stake in 2002.
Richard Perez-Pena writes that the newspaper was “eager to marshal cash and shed non-core investments in a rough time for the newspaper business, the Times Company began looking for a buyer about a year and a half ago, hoping to sell its entire stake.” Or maybe they just didn’t like the John Lackey signing.
Oh, and as an added twist, the New York Times actually owns the Boston Globe, which of course covers the Red Sox.

Braves sign David Hernandez

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Bill Whitehead of the Atlanta Journal Constitution reports that the Braves have signed reliever David Hernandez to a minor league contract on Sunday. He’ll report to spring training as a non-roster invitee.

Hernandez, who turns 32 years old in May, signed a minor league contract with the Giants in February. He requested and was granted his release on Friday when he learned he wasn’t making the team’s 25-man roster to open the season.

Hernandez pitched for the Phillies last year. He compiled a 3.84 ERA with an 80/32 K/BB ratio in 72 2/3 innings.

Dave Roberts: It “doesn’t make sense” for Scott Kazmir to start year in Dodgers’ rotation

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Scott Kazmir won’t begin the regular season in the Dodgers’ starting rotation. Manager Dave Roberts said after Kazmir’s Cactus League outing on Sunday that it “doesn’t make sense” for the ailing Kazmir to break camp in the rotation, Andy McCullough of the Los Angeles Times reports. The lefty will instead rehab some more and join the rotation at a later time.

Kazmir has been battling a hip issue which has caused his mechanics to suffer. He was clocked in the low 80’s 10 days ago and wasn’t much better on Sunday afternoon.

Last season with the Dodgers, Kazmir posted a 4.56 ERA with a 134/52 K/BB ratio in 136 1/3 innings, his worst numbers since returning to the majors in 2013.