Bill Shaikin of the Los Angeles Times reports that the Magic Johnson-Stan Kasten group is among seven bidders left in the running to buy the Dodgers.
The field was whittled down to nine after the groups headlined by Peter O’Malley and Joe Torre dropped out over the past week. The groups led by Memphis Grizzlies’ owner Michael Heisley and Tony Rossler, a minority investor in the Brewers, were eliminated today.
The remaining bidders include groups led by Johnson and veteran baseball executive Stan Kasten; Connecticut investment king Steven Cohen and longtime Los Angeles agent Arn Tellem; Stanley Gold and the family of the late Roy Disney; and New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based Colony Capital.
St. Louis Rams owner Stan Kroenke, Beverly Hills-based real estate developer Alan Casden and Jared Kushner, owner and publisher of the New York Observer and son-in-law of Donald Trump, also remain in contention.
The seven remaining groups will now advance to a review process by MLB, which includes voting by two committees of owners. MLB is expected to inform outgoing owner Frank McCourt which bidders have advanced by mid-to-late March. McCourt will then hold one more round of bidding before identifying a winner by April 1. He is required to close the sale by April 30.
Shaikin notes that the Dodgers are expected to sell for more than $1.5 billion, which would establish a new record sale price for an American sports franchise.
The Rockies announced a minor swap of relief pitchers on Monday evening. The Cubs sent lefty Zac Rosscup to the Rockies in exchange for right-hander Matt Carasiti.
Rosscup, 29, was designated for assignment by the Cubs last Thursday. He spent only two-thirds of an inning in the majors this year and has a 5.32 career ERA across 47 1/3 innings. Rosscup has spent most of the season with Triple-A Iowa, posting a 2.60 ERA in 27 2/3 innings.
Carasiti, 25, spent 15 2/3 innings in the majors last year, putting up an ugly 9.19 ERA. With Triple-A Albuquerque this season, he compiled a 2.37 ERA and a 43/13 K/BB ratio in 30 1/3 innings.
The Associated Press reported that on Monday, the U.S. Court of Appeals for the 9th Circuit affirmed a district court ruling which holds that the minor leagues are exempt from federal antitrust law, just like the major leagues.
In 2015, four minor leaguers sued Major League Baseball, alleging that MLB violated antitrust laws with its hiring and employment policies. They accused MLB of “restrain[ing] horizontal competition between and among” franchises and “artificially and illegally depressing” the salaries of minor league players.
The U.S. Court of Appeals said the players failed to state an antitrust claim, as the Curt Flood Act of 1998 exempted Minor League Baseball explicitly from antitrust laws.
This case is separate from the Aaron Senne case in which Major League Baseball is accused of violating the Fair Labor Standards Act. That case was recertified as a class action lawsuit in March. In December, Major League Baseball established a political action committee (PAC), which came months after two members of Congress sought to change language in the FLSA so that minor league players could continue to be paid substandard wages.