MLB owners unananimously approved the three remaining bidders for the Dodgers on Tuesday, clearing the way for a private auction to take place next Wednesday.
Expectations are that Frank McCourt and his advisers will negotiate with the three bidders in the days leading up to the auction.
The three bidders left are Steve Cohen (whose group includes agent Arn Tellem), Stan Kroenke (who owns the St. Louis Rams and is a majority shareholder in Arsenal) and Mark Walter (whose group includes Magic Johnson and former Braves president Stan Kasten).
Each of the current bids is in the $1.4 billion to $1.6 billion range, but those amounts include the parking lots surrounding Dodger Stadium, which McCourt has said are not for sale.
Jon Heyman of FanRag Sports reports that the Rangers have signed pitcher Jesse Chavez. He’ll earn a $1 million base salary that will increase to $1.5 million if he’s added to the active roster, Heyman notes. The right-hander can earn an additional $500,000 in incentives as a reliever and $1 million in incentives as a starter.
Chavez, 34, struggled across 21 starts and 17 relief appearances for the Angels last season, finishing with a 5.35 ERA and a 119/45 K/BB ratio in 138 innings. He had decent peripherals, but has always allowed a high batting average on balls in play. Chavez has also been homer-prone in recent seasons which may only be exacerbated by the Rangers’ home ballpark.
The Rangers have Mike Minor and Matt Bush already clamoring for the fifth spot in the rotation, so it seems unlikely Chavez will open the year in the rotation. He could wind up there during the season, however, should any of the starters suffer an injury.