Magic Johnson’s group agrees to buy Dodgers for record price of $2 billion

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UPDATE: Here’s the text from the press release, officially announcing word of the agreement between the two sides:

The Los Angeles Dodgers and Frank McCourt today announced an agreement under which Guggenheim Baseball Management LLC (“GBM”) will acquire the Los Angeles Dodgers for $2 billion upon completion of the closing process.  The purchasing group includes Mark R. Walter as its controlling partner, as well as Earvin “Magic” Johnson, Peter Guber, Stan Kasten, Bobby Patton and Todd Boehly.  Mr. McCourt and certain affiliates of the purchasers will also be forming a joint venture, which will acquire the Chavez Ravine property for an additional $150 million.

The Los Angeles Dodgers stated, “This transaction underscores the Debtors’ objective to maximize the value of their estate and to emerge from Chapter 11 under a successful Plan of Reorganization, under which all creditors are paid in full.”

Frank McCourt stated, “This agreement with Guggenheim reflects both the strength and future potential of the Los Angeles Dodgers, and assures that the Dodgers will have new ownership with deep local roots, which bodes well for the Dodgers, its fans and the Los Angeles community.  We are delighted that this group will continue the important work we have started in the community, fulfilling our commitment to building 50 Dream Fields and helping with the effort to cure cancer.”

Earvin “Magic” Johnson stated, “I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles.”

11:08 PM: Whoa. Dennis K. Berman of the Wall Street Journal reports that Johnson’s group have agreed to purchase the Dodgers for $2 billion. One would think this offer would be good enough to include the parking lots, right?

The good news is that Dodgers fans will have the most popular sports figure in Los Angeles as part of the new ownership group, but McCourt is going to walk away from this thing filthy, stinkin’ rich.

11:06 PM: It’s Showtime.

Details are scarce at the moment, but Ken Gurnick of MLB.com reports that the Dodgers have reached an agreement to be sold to the group led by Magic Johnson and longtime MLB and NBA executive Stan Kasten.

MLB owners had approved the groups led by billionaire hedge-fund manager Steve Cohen and St. Louis Rams owner Stan Kroenke, but outgoing owner Frank McCourt has apparently identified Johnson’s group as the winning bidder. No word yet on the exact terms, but most estimates had the sale price to exceed $1.5 billion, which would establish a new record for a North American sports franchise.

And That Happened: Wednesday’s Scores and Highlights

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Here are the scores. Here are the highlights:

Mariners 4, White Sox 3: Mike Zunino doubled and scored and later he homered to give the M’s the lead for good and Nelson Cruz had three hits and knocked a couple in. Felix Hernandez allowed three over six and that beat James Shields who allowed four over six. That’s just math.

Astros 5, Angels 2: Justin Verlander is now 9-0 as a Houston Astro. He’s 13-1 if you count the playoffs. Either way, he continues to enjoy the hell out of wearing the orange and blue. Er, the other orange and blue. Here he allowed two runs on four hits over seven innings, striking out nine, to go to 4-0 on the year. Albert Pujols did hit a homer off of him, notching his 2,994th career hit, but Jose Altuve and Jake Marisnick went deep for Houston and Alex Bregman hit a three-run double.

Rockies 5, Padres 2: A day after getting shut out in Coors Field, San Diego went six innings without scoring a run off of Rockies starter Jon Gray, who struck out eleven Padres. I’m assuming the list of teams who have been shut out in back-to-back games in Denver is short, but at least the Padres didn’t join that one, later scratching out a couple against the San Diego pen. David Dahl and Tony Wolters each drove in a pair for Colorado.

Nationals 15, Giants 2: With the run support Max Scherzer got he didn’t need to strike out ten and allow only two runs over six innings, but he did. With the fine pitching Scherzer gave the Nats they didn’t need to score two touchdowns and a two-point conversion, but they did. Matt Adams singled and doubled in runs and hit a three-run homer. Andrew Stephenson doubled in runs on two separate occasion and took a bases-loaded walks. Trea Turner got five hits. The Nats had scored just eight runs in the four-game losing streak this victory ended. Here, 14 of their 15 runs were scored with two men out. That’s clutch, or something.

Tigers 13, Pirates 10; Pirates 8, Tigers 3: The Pirates and Tigers have been cursed this year, getting rained out *guesses* seventeen times, so they played two yesterday. Neither starter gave their managers four innings in the first one which you know Ron Gardenhire and Clint Hurdle TOTALLY loved on a doubleheader day. Nicholas Castellanos had four hits, including a homer, and drove in four and teammate Miguel Cabrera had four hits as well in the first-game victory, while Frankie Cervelli knocked in six in a losing cause. In the nightcap, Jose Osuna, who was called up specifically to be the 26-man in the twinbill, hit a three-run homer. He was then sent back to Indianapolis immediately following the game. They should’ve had David Attenborough narrate his day in the same way he’d narrate the weird and sad one-day lifespan of some rando insect on “Planet Earth,” with the homer being like that shining moment the bug got to mate before his head got eaten off or whatever.

Yankees 7, Twins 4: The Yankees won despite another bad start from Sonny Gray, who allowed three runs on six hits in four and two-thirds. Didi Gregorius homered for the fourth game in a row and singled in a run to remain white-hot, Tyler Austin had a three-run shot and Aaron Judge and Giancarlo Stanton each hit a sac fly. The Twins have lost six straight.

Braves 5, Reds 4: The big news was the debut of Ronald Acuña. He went 1-for-5, flying out on the first two pitches he saw, striking out twice but notching his first hit as a big leaguer on an eighth inning single, after which he’d score the tying run on a Kurt Suzuki single. The Braves, who had an early lead in this one that they let slip away, ended up winning it on a Johan Camargo double in the ninth which scored Ozzie Albies. Camargo drove in two on the night. The Braves bullpen — which has not been getting the job done of late — got the job done, tossing four shutout innings.

Indians 4, Cubs 1: Trevor Bauer allowed one run over six and two-thirds and struck out eight while Brandon Guyer, Francisco Lindor and Edwin Encarnacion each went deep for Cleveland. Bad news for Cleveland, though, as Andrew Miller had to leave the game with a tight left hamstring. We’ll update later today when it’s know how long he’ll be out.

Rays 8, Orioles 4: Due to the rain on Tuesday the Rays had to wait an extra day to see their old friend Alex Cobb but it was worth the wait as they tagged him for five runs on ten hits. Joey Wendle had three hits and two RBI for the Rays and Adeiny Hechavarria homered. The highlight of the game, though, was the appearance of Rays reliever Johnny Venters, following a six-year absence from the bigs due to not one, but FOUR major elbow operations, including three Tommy John surgeries. At this point his comeback is a success even if his elbow literally falls off of his arm in his next outing. You know all of those motivational posters that say “DETERMINATION” and “PERSISTENCE” and have, like, a photo of salmon leaping up a waterfall or a beaver building a damn? They should be replaced with Venters simply lifting up a pen or something with his left arm. That he actually threw four pitches in a major league baseball game is amazing.

Phillies 5, Diamondbacks 3: Jake Arrieta outpitched Zack Greinke, allowing three — one earned — over seven innings despite not having his best stuff. Aaron Altherr hit a go-ahead three-run homer in the sixth. It was the first time the Phillies beat the Diamondbacks at home in their last nine meetings.

Red Sox 4, Blue Jays 3: Mookie Betts hit a solo homer in the first inning to put the Bosox on the board and hit a two-run homer in the seventh to bring the Bosox back from behind. I like to say Bosox. Bosox, Bosox, Bosox.

Marlins 8, Dodgers 6: Clayton Kershaw walked six dudes in five innings. That doesn’t happen every day. Heck, it doesn’t happen in three or four days for him, as he hadn’t walked a man in his previous 26 innings and had not walked six in a game since he was a rookie back in 2010. We all have a bad day sometimes, I guess. Marlins starter Trevor Richards, meanwhile, struck out 10 and pitched one-hit ball over 4.2 scoreless innings, leaving due to the pitch count and thus not qualifying for the win. Richards is an independent ball product, by the way, who spent part of last year as a substitute teacher. J.T. Realmuto homered twice and Miguel Rojas went deep for the Fish.

Rangers 4, Athletics 2: Four Rangers relievers combining for four and a third innings of no-hit, scoreless ball to help Texas end the A’s four-game winning streak. Isiah Kiner-Falefa hit a go-ahead single in the fifth for the Rangers. He is the only Isiah to ever play major league ball, by the way. You can look it up.

Cardinals 9, Mets 1Jedd Gyorko hit a two-run homer and Marcell Ozuna hit a bases-loaded single to cap a three-run third inning that put St. Louis up for good. The Cards have won 9 of 11. Ozuna was only 1-for-4 and has been in a horrendous slump, but maybe this breaks him out of it.

Brewers 6, Royals 2Jhoulys Chacin was efficient, in part because the Royals were swinging at everything. He allowed two runs while pitching into the sixth and the bullpen pitched three and a third shutout innings, running their scoreless streak to 28. In turn, the Brewers ran their winning streak to eight. It’s shaping up to be a pretty sweet pennant race between the Brewers and the Cards in the NL Central this year. If you assume, as you should, that the Cubs will step it up too, it could be the most fun division in baseball in 2018.