Frank McCourt has first meeting with team monitor Tom Schieffer

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According to the Associated Press, Dodgers owner Frank McCourt met Friday for the first time with Tom Schieffer, who was recently appointed by commissioner Bud Selig to oversee the team’s daily operations.

One of Schieffer’s first acts as “monitor” was to approve the team’s latest payroll. McCourt personally borrowed $30 million from FOX to meet payroll in April, which did not require approval from MLB. However, it’s not known if they’ll be able to meet payroll in May.

Schieffer, who was given an office at Dodger Stadium, told the Los Angeles Times that he assured Dodgers general manager Ned Colletti that he will operate normally and will only need his approval for an increase in the budget. In turn, Colletti told Dylan Hernandez of the Los Angeles Times that the Dodgers’ budget allows for moves similar to the ones they made at the last few trade deadlines. Yes, that means Colletti might have the chance to make more horrible trades like the Octavio Dotel for James McDonald and Andrew Lambo deal.

McCourt obviously isn’t thrilled with having Schieffer around and is still making his case to get MLB’s approval on a new television deal from FOX.

“I’m allowed here to run this business,” Frank McCourt said. “The judge has made that, he made that clear, and this deal is a great deal for the Dodgers. It’s ready to be signed. It’s ready to go and any questions about the Dodgers’ financial stability are solved simply by these documents.”

Meanwhile, Rob Manfred, MLB’s executive vice president for labor relations, said that they want to conduct a full investigation into the club and its finances before rendering a decision. And considering how much money McCourt could potentially be leaving on the table in this deal, it’s unlikely this will end well for him.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.