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

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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.

MLB-MLBPA announce the postponement of the Puerto Rico series due to Zika concerns

Ricardo Arduengo -- Associated Press
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This, as we have noted previously, was inevitable. But Major League Baseball and the MLBPA just issued a joint press release announcing the postponement of the late May series between the Pittsburgh Pirates and the Miami Marlins in Puerto Rico. The reason: fears of Zika in light of the outbreak on the island. The series has been moved to Marlins Park in Miami.

From the release:

The Players Association requested that Commissioner Robert D. Manfred, Jr. relocate the games after numerous players expressed concerns about contracting and potentially transmitting the Zika virus to their partners.  Players and staff of both Clubs received full briefings from the Centers for Disease Control and Prevention (CDC) science staff regarding the risks associated with the Zika virus, and the recommended precautions for travelers including those with partners who are pregnant or attempting to conceive.  After discussing the issue with all involved parties, and consulting with federal and Puerto Rican government officials at the highest levels, Commissioner Manfred decided that the players who objected to the trip because of their specific family situations should not be forced to travel to Puerto Rico.  Because too many regulars on both Clubs fell into that category, Commissioner Manfred had no choice but to relocate the games.

The release goes on to say that, in lieu of the games, MLB will stage several youth baseball and community events in Puerto Rico later this month, which will be attended by Commissioner Manfred and several former MLB players. Both MLB and the Players Association also will make contributions to the CDC Foundation to assist the efforts to eradicate Zika in Puerto Rico.

Ultimately, far too many players voiced concerns about playing in Puerto Rico. Expect officials from Puerto Rico to blast the decision as hysteria and alarmism, as they did in anticipation of it in recent days. Also, expect there to be more discussion about Zika in the future, as it’s already something that is entering Florida and will likely be a bigger problem on the U.S. mainland in the future than it is now.

 

What’s on Tap: Previewing Friday’s Action

New York Mets starting pitcher Noah Syndergaard throws during the first inning of the baseball game against the San Francisco Giants at Citi Field, Sunday, May 1, 2016 in New York. (AP Photo/Seth Wenig)
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One game started already. Nats and Cubs in Chicago. As I write this, the Cubs are up 4-2 and Max Scherzer has given up three home runs. Woops.

The rest of the action is ahead of us, however, and the future holds any number of possibilities. Like a Kenta Maeda vs. Marcus Stroman matchup in Toronto. And Vince Velasquez and the Phillies trying to cool off a red hot Marlins team in Miami. Way out west in San Diego Noah Syndergaard goes against the Padres. This has been quite a year for pitchers putting up their best line of their lives against the Padres, so look for Syndergaard to strike out, like 30 Padres. Which, yes, I realize that’s impossible, but I have faith in both Thor and the Friars to do the impossible if they really put their minds to it.

Anyway, here are the games. Most of you are off work tomorrow so stay up late, have fun and watch baseball. And maybe do it even if you gotta work.

Boston Red Sox (Rick Porcello) @ New York Yankees (Michael Pineda), 7:05 PM EDT, Yankee Stadium

Oakland Athletics (Rich Hill) @ Baltimore Orioles (Ubaldo Jimenez), 7:05 PM EDT, Oriole Park at Camden Yards

Los Angeles Dodgers (Kenta Maeda) @ Toronto Blue Jays (Marcus Stroman), 7:07 PM EDT, Rogers Centre

Kansas City Royals (Yordano Ventura) @ Cleveland Indians (Danny Salazar), 7:10 PM EDT, Progressive Field

Milwaukee Brewers (Tyler Cravy) @ Cincinnati Reds (Tim Adleman), 7:10 PM EDT, Great American Ball Park

Philadelphia Phillies (Vince Velasquez) @ Miami Marlins (Wei-Yin Chen), 7:10 PM EDT, Marlins Park

Texas Rangers (Cole Hamels) @ Detroit Tigers (Jordan Zimmermann), 7:10 PM EDT, Comerica Park

Arizona Diamondbacks (Zack Greinke) @ Atlanta Braves (Aaron Blair), 7:35 PM EDT , Turner Field

Minnesota Twins (Ricky Nolasco) @ Chicago White Sox (Mat Latos), 8:10 PM EDT, U.S. Cellular Field

Seattle Mariners (Taijuan Walker) @ Houston Astros (Doug Fister), 8:10 PM EDT, Minute Maid Park

Pittsburgh Pirates (Francisco Liriano) @ St. Louis Cardinals (Carlos Martinez), 8:15 PM EDT, Busch Stadium

Tampa Bay Rays (Chris Archer) @ Los Angeles Angels (Cory Rasmus), 10:05 PM EDT, Angel Stadium of Anaheim

Colorado Rockies (Chad Bettis) @ San Francisco Giants (Madison Bumgarner), 10:15 PM EDT, AT&T Park

New York Mets (Noah Syndergaard) @ San Diego Padres (Drew Pomeranz), 10:40 PM EDT , Petco Park

CC Sabathia goes on the disabled list with a strained groin

New York Yankees starting pitcher CC Sabathia throws to the Baltimore Orioles in the first inning of a baseball game in Baltimore, Wednesday, May 4, 2016. (AP Photo/Patrick Semansky)
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CC Sabathia pitched wonderfully Wednesday night, tossing seven shutout innings in what was easily his best start in ages. But since we live in a world in which we simply cannot have nice things, that sweet has to come with some sour: the Yankees just announced that they have placed Sabathia on the 15-day disabled list with a strained groin.

The Yankees have replaced Sabathia on the roster with their old friend Phil Coke, whose contract they just purchased from Scranton.

The Yankees have had bad luck with all of their starters not named Masahiro Tanaka so far this year. Losing one of them just as he put together his best start of the season is just a killer.

Tim Lincecum’s showcase is a lot bigger a deal than it seemed before

Tim Lincecum
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When a pitcher doesn’t sign anywhere before or during spring training people sometimes wring their hands a bit, but it’s usually the case that they’ll be OK if they are patient. Once the season starts guys start going down with injuries left and right or show that they’re ineffective. In such cases, a free agent pitcher’s value goes way up. He’s a relatively low cost option for a team which, a month ago, seemed set but is now suddenly desperate.

Tim Lincecum may benefit from that dynamic.

As we noted earlier today, the Angels’ rotation is a hot mess now that Garrett Richards is out for the year and Andrew Heaney‘s absence may be just as extended. The back end of the Giants’ rotation is likewise a mess. Lincecum was never seriously on San Francisco’s radar this past winter, but given how Matt Cain and Jake Peavy are going, those crazy kids may get back together. The Dodgers could use a pitcher and their competition with the Giants may make this whole situation a lot more profitable for Lincecum than it might have otherwise been.

Of course, Lincecum still has to show that he can pitch and that he’s healthy. That’s why he’s having the showcase, that goes down here very shorty — 2:30 eastern time — and you can watch it streaming live at CSNBayArea.com.