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.

Red Sox sign Christian Vazquez to three-year, $13.55 million extension

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The Red Sox signed catcher Christian Vazquez to a three-year, $13.55 million extension, per a team announcement on Saturday. The agreement will keep Vazquez under contract through the 2021 season and covers two years of arbitration eligibility and the catcher’s first year of free agency. It comes with a $7 million club option (and $250,000 buyout) for 2022 that could get bumped up to $8 million if he reaches 502 plate appearances in both 2020 and 2021. Vazquez has also volunteered to make an annual donation to the Red Sox Foundation as part of his new arrangement with the club.

The 27-year-old backstop is entering his fourth year with the Red Sox in 2018. He’s been a steady defender behind the dish over the last three years and was ranked fifth-best in defense among all American League catchers at the end of the 2017 season. He also enjoyed a breakout performance at the plate, slashing a career-best .290/.330/.404 with five home runs and a .735 OPS in 345 plate appearances.

Come Opening Day, Vazquez is expected to be the Red Sox’ primary option behind the plate, with veteran Sandy Leon and Blake Swihart poised to start in backup roles. Swihart is out of options, but has been groomed for a utility role this spring and could take a few reps in the left field and the infield corners if need be, as it doesn’t appear the club is prepared to trade him just yet.