Magic Johnson told Bill Plashcke of the Los Angeles Times that he’s putting together a group to buy the Dodgers.
His group includes Stan Kasten, the former president of the Atlanta Braves and Washington Nationals, and Mark Walter, chief executive of Guggenheim Partners. To the extent that Major League Baseball has a say in who buys — and they will, although less than usual given the bankruptcy auction backdrop — having Kasten on board is pretty big. He’s a favorite of Selig’s, who put Kasten together with the Lerners in Washington when they bought the Expos/Nationals.
Johnson — while clearly the face of this group — would be more than a mere figurehead. He has sports ownership experience given a previous stake in the Lakers and a stake in the Dayton Dragons minor league team. He’s sort of a renaissance mogul, with numerous business and philanthropic interests.
UPDATE: According to the Associated Press, Johnson confirmed his interest via Twitter: “I’m excited to have the opportunity to be part of the Dodgers legacy & bring a World Series championship back to LA.”
It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.
Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.
The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.
The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.
As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.
He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.