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.

Diamondbacks place Shelby Miller on the 10-day disabled list

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The Diamondbacks announced on Monday that starter Shelby Miller has been placed on the 10-day disabled list with right elbow inflammation. Miller will get a second opinion on his elbow on Tuesday, per MLB.com’s Steve Gilbert. Pitcher Silvino Bracho has been called up from Triple-A Reno to take Miller’s spot on the roster.

Miller, 26, left Sunday’s start with what was described at the time as forearm tightness. Through his first four starts, Miller is carrying a 4.09 ERA with a 20/12 K/BB ratio in 22 innings.

Bracho, 24, has pitched quite well in 6 2/3 innings of relief at Reno. He’s given up just one unearned run on four hits and a walk (intentional) with 12 strikeouts.

Archie Bradley figures to take Miller’s spot in the starting rotation as Bracho will work middle relief.

Eric Thames hit two more homers

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And John Lackey is livid.

The Brewers’ first baseman homered in each of his first two plate appearances against Reds starter Amir Garrett on Monday evening, helping his team to a 6-1 lead after two frames. The first was a solo blast in the first inning, and the second was a two-run shot to the opposite field in the second inning.

According to MLB.com’s Adam McCalvy, Thames has tied the Brewers’ record for home runs in April with 10. Carlos Lee also hit 10 homers in April 2006.

Seven of Thames’ 10 home runs have come against the Reds. Including his first two at-bats on Monday night, Thames is hitting .379/.474/.924 with 17 RBI along with the 10 dingers. Not too shabby from a guy the Brewers signed to a three-year, $16 million contract during the offseason.

Lackey and Cubs pitching coach Chris Bosio both recently implied Thames is using performance-enhancing drugs, but Thames was tested immediately after last Monday’s game against the Cubs.