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Mark Cuban out of the running for Dodgers; Joe Torre and Magic Johnson among those still in

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UPDATE: The Steve Garvey-Orel Hershiser group was not selected to advance in the bidding process, reports Bill Shaikin of the Los Angeles Times.

As for the actual bid amounts, well, let’s just say that Frank McCourt is going to walk away from this process filthy, stinkin’ rich. Buster Olney of ESPN.com hears that bidding on the Dodgers is now north of $1.2 billion and counting. Meanwhile, CBS Sports’ Jon Heyman reports that McCourt already has one bid in the range of $1.5 billion and speculates that the bidding may jump to $2 billion before this is all over. Either way, the final price tag is expected to blow away the previous record of $845 million when the Ricketts family bought the Cubs from the Tribune Company in 2009.

10:44 PM, Friday: Well, we can cross two big names off the list. Bill Shaikin of the Los Angeles Times has learned that the groups led by Mark Cuban and former agent Dennis Gilbert didn’t make it to the second round of the bidding process. St. Louis Rams owner Stan Kroenke is still in.

Meanwhile, Tony Jackson of ESPNLosAngeles.com hears that Peter O’Malley’s group and the group led by Stanley Gold (who runs the investment firm for the family of the late Roy Disney) have also advanced. O’Malley has reportedly discussed joining forces with Gold’s group.

9:30 PM, Friday: We learned earlier this week that the Dodgers received more than 10 opening bids in advance of Monday’s deadline from those interested in buying the team from Frank McCourt. The opening bids aren’t binding and new bidders could still emerge in the days to come, but we have some early word on who made it through to the next round.

Bill Shaikin of the Los Angeles Times reports that at least eight groups have advanced, including the Magic Johnson/Stan Kasten group, the Joe Torre/Rick Caruso group and the group headed by hedge fund manager Steven Cohen. No word on any others, but it’s safe to say most of the big names are sticking around.

The Dodgers released a statement a little while ago confirming that “the round of preliminary bidding has been completed successfully.” However, they didn’t say who advanced or provide a timeline for the next step.

The embattled McCourt faces an April 30 deadline to sell the team and has agreed to identify the winning bidder by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.

The Red Sox’ DH search now includes Pedro Alvarez

NEW YORK, NY - AUGUST 27:  Pedro Alvarez #24 of the Baltimore Orioles walks back to the dugout after striking out with the bases loaded to end the top of the first inning on August 27, 2016 at Yankee Stadium in the Bronx borough of New York City. (Photo by Christopher Pasatieri/Getty Images)
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The Red Sox have more or less withdrawn from the Edwin Encarnacion sweepstakes, with Evan Drellich of the Boston Herald noting that much of their reluctance hinges on the likelihood that they’d exceed the new $195 million luxury tax threshold by locking the DH into a lucrative deal. That doesn’t leave them without options, however, and FanRag Sports’ Jon Heyman reported that the club could be interested in 29-year-old corner infielder Pedro Alvarez, as well as fellow free agents Mike Napoli and Matt Holliday.

After playing just 10 games at DH from 2010 to 2015, Alvarez suited up as the Orioles’ primary designated hitter and part-time third baseman in 2016. His defense is sub-par, to say the least, but he batted .249/.322/.504 with 22 home runs for Baltimore in 2016.

According to Heyman, the Red Sox envision using Alvarez in much the same way the Orioles did. He’d have a place as the team’s DH with the occasional infield start, while Hanley Ramirez would keep his post at first base. Whether the Red Sox make offers to Napoli, Holliday or Alvarez, they’re expected to pursue a short-term deal in order to stay under budget.

Braves sign Jacob Lindgren to one-year deal

OAKLAND, CA - MAY 29:  Jacob Lindgren #64 of the New York Yankees watches Brett Lawrie #15 of the Oakland Athletics round the bases after he hit a home run in the eighth inning at O.co Coliseum on May 29, 2015 in Oakland, California.  (Photo by Ezra Shaw/Getty Images)
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The Braves signed left-handed reliever Jacob Lindgren to a one-year deal, according to a team announcement on Sunday.

Lindgren, the Yankees’ top draft pick in 2014, was nicknamed “The Strikeout Factory” after blowing through four levels of New York’s farm system in 2014. He started the 2015 season in Triple-A Scranton/Wilkes-Barre and was called up for his major league debut only two months into the 2015 season. The 22-year-old lasted seven innings with the club before succumbing to bone chips in his elbow, and underwent bone spur surgery in June before trying his luck again during spring training in 2016.

In August, the Yankees shut Lindgren down for the remainder of the season so the lefty could undergo Tommy John surgery. With a projected return date of 2018, Lindgren was non-tendered by the Yankees on Friday.

While the Braves won’t get the benefit of Lindgren’s top prospect skill set in their bullpen anytime soon, he will remain under club control if they keep him on their 40-man roster beyond the 2017 season (per ESPN’s Keith Law).