Bill Shaikin of the Los Angeles Times reports that Peter O’Malley has withdrawn his bid to reacquire the Dodgers. O’Malley, whose family owned the franchise for 47 years until selling to NewsCorp in 1998, was partially backed by South Korean conglomerate E-Land.
O’Malley was one of 11 bidders who made it through the first round of the process, but Shaikin hears that O’Malley was concerned he might not win the bidding even if he made the highest offer. This could have something to do with O’Malley previously slamming outgoing owner Frank McCourt in the press.
The 10 groups remaining in the bidding are expected to submit new offers this week. McCourt faces an April 30 deadline to sell the team and has agreed to identify a specific buyer by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.
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.