Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at the SALT Conference in Las Vegas

Billionaire hedge fund manager Steven Cohen is going to bid on the Dodgers


If I had $8 billion to my name, you can pretty much assume that I’d be buying a baseball team. Don’t care which one, even. I’d buy one and hire all of my baseball man-crushes to run it and/or play for it and I’d sit in the owner’s box with the kind of women who like to hang out with octbillionaires while eating and drinking like I was a Roman emperor and there’s nothing you could do to stop me.

Connecticut-based hedge fund manager Steven Cohen has eight billion dollars. He may not have the same vision I have about how he’d behave as a baseball owner, but he certainly wants a baseball team. Or so says the L.A. Times. And he is serious about it:

Steven Cohen, a billionaire eight times over, is bidding for the Dodgers in a process tilted toward the high bidder. However, the East Coast hedge-fund executive is not content to let his wealth speak for itself. He has engaged one of America’s notable sports architecture firms to propose renovations to Dodger Stadium, allied himself with one of baseball’s power brokers, secured the support of at least two prominent Angelenos and met with several major league owners.

The power broker in question is agent Arn Tellem, who insiders think would run the Dodgers in some way, possibly as team president, if Cohen wins the auction for the team.

Cohen was last heard of in baseball circles back in April when he was said to be considering buying into the Mets. That never went anywhere, probably because guys with that kind of money and power typically don’t care to take a non-controlling interest in companies. Owning the Dodgers, however, is a different thing altogether.

Also a different thing: Cohen’s company, SAC Capital Advisors, has been in the news this year as a result of having two of its fund managers plead guilty to insider trading. Cohen has not been implicated, nor has the company as a whole, but there have been subpoenas and things and that kind of thing is always a mess.

It remains to be seen if that would cause Major League Baseball any headaches.  Though, as the article says, given that the Dodgers are being sold at auction, the league has a slightly smaller role to play in approving bidders than it normally would, with Frank McCourt having recourse to the bankruptcy court if he feels MLB is unreasonably withholding approval of a potential buyer.

Mike Scioscia will return as Angels manager in 2016

ANAHEIM, CA - JULY 21:  Manager Mike Scioscia #14 of the Los Angeles Angels of Anaheim in the dugout during batting practice before a game against the Minnesota Twins at Angel Stadium of Anaheim on July 21, 2015 in Anaheim, California.  (Photo by Jonathan Moore/Getty Images)
Photo by Jonathan Moore/Getty Images

It was assumed already, but Mike Scioscia made it official during Monday’s press conference for new general manager Billy Eppler that he will return as Angels manager in 2016.

Scioscia, the longest-tenured manager in the majors, has been at the helm with the Angels since 2000. There was a clause in his contract which allowed him to opt out after the 2015 season, but he has decided to stay put. He still has three years and $15 million on his contract, which runs through 2018.

Jerry Dipoto resigned as Angels general manager in July amid tension with Scioscia, so there were naturally questions today about what to expect with first-time GM Eppler in the fold. According to David Adler of MLB.com, Scioscia isn’t concerned.

“I think we’re going to mesh very well,” Scioscia said. “If we adjust, or maybe he adjusts to some of the things, there’s going to be collaboration that’s going to make us better.”

Eppler is the fourth general manager during Scioscia’s tenure with the team.

After winning the AL West last season, the Angels finished 85-77 this season and narrowly missed the playoffs. The team hasn’t won a postseason game since 2009.

Carlos Gomez says he’ll be in lineup for Wild Card game vs. Yankees

Houston Astros' Carlos Gomez hoops after scoring a run against the Texas Rangers in the eighth inning of a baseball game Sunday, Sept. 27, 2015, in Houston. Gomez scored from third base on a Bobby Wilson passed ball. The Astros won 4-2. (AP Photo/Pat Sullivan)
AP Photo/Pat Sullivan

Astros center fielder Carlos Gomez sat out the final series of the regular season in order to rest a strained left intercostal muscle, but there was good news coming out of a workout today in advance of Tuesday’s Wild Card game vs. the Yankees.

This has been a lingering issue for Gomez, who missed 13 straight games with the injury last month. He aggravated the strain on a throw to home plate last Wednesday and was forced to sit while the Astros fought to keep their season alive. Astros manager A.J. Hinch told reporters last week that Gomez’s injury would typically take 45-50 days to recover from, so it’s fair to wonder how productive he can be during the postseason.

Gomez mostly struggled after coming over from the Brewers at the trade deadline, batting .242 with four home runs and a .670 OPS over 41 games.