UPDATE: Ryan-Greenberg group wins ownership of Rangers

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1:51 AM:  Just a quick update here.  As Anthony Andro of the Fort Worth Star-Telegram reported just moments ago, the group led by Nolan Ryan and Chuck Greenberg won the auction.  They out-lasted several massive over-bids by Mark Cuban and stepped up with a $385 million cash offer early Thursday morning.  Great stuff by Andro and Co.

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4:05 PM:  Daniel Kaplan of SBJ reports that the review of the initial bids in the Texas Rangers auction is finally over (they’ve been in court all day) and get this: Mark Cuban and Jim Crane have “the highest and best bid” by $25 million.

Per some complicated legal business this morning, the Greenberg-Ryan group will now get some time — maybe some hours, maybe until tomorrow — to come back and top that bid. And they have to do it by $2 million to stay in the game.

That is, if they don’t make up their own rules. Minutes after the bidding was announced, Greenberg and Ryan’s lawyers (a) asked for more time; and (b) said that they’d attempt to block Cuban and Crane’s bid from being accepted via appeal and maybe some other legal action.  So that’s nice.  There’s also the distinct possibility — again, per Greenberg’s lawyer — that Major League Baseball may take up to nine months to approve Cuban and Crane as owners, which they argue would practically lower the real value of Cuban and Crane’s bid.

There will obviously be tons of twists and turns in the next few hours, let alone the next few weeks, so this doesn’t mean that Cuban and Crane will wind up owning the team.  But it does mean that for them not to it will mean that either Greenberg and Ryan will (a) have to come up with a ton more money; or (b) convince Major League Baseball and/or a court of law that the most valuable offer for the Texas Rangers should not actually get the team.

Homer Bailey will make his 2016 season debut on Sunday

CINCINNATI, OH - AUGUST 7: Homer Bailey #34 of the Cincinnati Reds pitches in the third inning of the game against the Cleveland Indians at Great American Ball Park on August 7, 2014 in Cincinnati, Ohio. (Photo by Joe Robbins/Getty Images)
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The Reds announced that starter Homer Bailey has been activated from the 60-day disabled list and will make his 2016 season debut on Sunday against the Padres. To make room on the roster, the Reds optioned outfielder Kyle Waldrop to Triple-A Louisville and transferred pitcher Caleb Cotham to the 60-day disabled list.

Bailey, 30, underwent Tommy John surgery last year, taking about 14 months to recover. He made only two starts last season and 23 starts in 2014. The right-hander has three more guaranteed years and $63 million remaining on his contract as well as a $25 million mutual option for the 2020 season with a $5 million buyout.

In six rehab appearances with Louisville dating back to June 27, Bailey has a 5.75 ERA and a 13/7 K/BB ratio in 20 1/3 innings. The stats from rehab stints don’t mean too much as long as the Reds feel he’s healthy enough to pitch.

Play of the Day: Fan reaches over second deck railing, catches foul ball with her hat

MILWAUKEE, WI - JULY 28:  Paul Goldschmidt #44 of the Arizona Diamondbacks hits a single in the sixth inning against the Milwaukee Brewers at Miller Park on July 28, 2016 in Milwaukee, Wisconsin. (Photo by Dylan Buell/Getty Images)
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Today’s play of the day wasn’t made by a professional athlete. Rather, it was made by a fan in the second deck on the first base side at Miller Park during Thursday afternoon’s game between the Diamondbacks and Brewers.

Phil Gosselin fouled off a 1-1 fastball from Will Smith to the right side. A fan wearing purple — perhaps in support of the D-Backs? — leaned over the railing of the second deck and snagged the ball with her bucket hat.

The Brewers beat the Diamondbacks 6-4. They took three games out of the four-game series. Heading into the August 1 non-waiver trade deadline, they’ll host the Pirates for three games.