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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.

Settling the Scores: Tuesday’s results

NEW YORK, NY - SEPTEMBER 27:  Gary Sanchez #24 of the New York Yankees celebrates his first inning two-run home run against the Boston Red Sox with teammate Jacoby Ellsbury #22 at Yankee Stadium on September 27, 2016 in the Bronx borough of New York City.  (Photo by Jim McIsaac/Getty Images)
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The Sox’ winning streak ends at 11, thanks in part to Gary Sanchez continuing to hit like Barry Bonds or someone. Well, not quite Bonds, but his 20 homers in 49 games is ridiculous. I’d say “at some point pitchers need to stop giving him stuff to hit,” but this dude drove in a run when someone tried to intentionally walk him a week or two ago, so maybe there is nothing that can be done. In any event, Boston’s loss, along with the Blue Jays win, means that the AL East is not quite settled. It likely is practically, but not technically!

In other news, the Tigers pounded the Indians and their post-clinch, hungover lineup and, with the Orioles’ loss, pull a game closer in the Wild Card. The Mets pounded the Marlins who, one suspects, can only run on emotion so long and desperately want and ned to be with their loved ones to process this past week. The Cards and Giants both won as well, keeping the NL Wild Card at the status quo for another day: the Mets and Giants in, if the season ended today, the Cards one back.

The scores:

Yankees 6, Red Sox 4
Nationals 4, Diamondbacks 2
Cubs 6, Pirates 4
Blue Jays 5, Orioles 1
Tigers 12, Indians 0
Braves 7, Phillies 6
Mets 12, Marlins 1
Royals 4, Twins 3
Rangers 6, Brewers 4
White Sox 13, Rays 6
Astros 8, Mariners 4
Cardinals 12, Reds 5
Angels 8, Athletics 1
Padres 7, Dodgers 1
Giants 12, Rockies 3

Video: Aledmys Diaz hits a grand slam in remembrance of Jose Fernandez

ST. LOUIS, MO - JULY 21: Aledmys Diaz #36 of the St. Louis Cardinals hits an RBI single against San Diego Padres in the sixth inning at Busch Stadium on July 21, 2016 in St. Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
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Cardinals shortstop Aledmys Diaz was childhood friends with Marlins pitcher Jose Fernandez, so it was expected when Diaz took time away from the team on Monday to visit Fernandez’s family in Miami. They grew up on the same street in Cuba and played for the same youth baseball team and both would ultimately wind up playing Major League Baseball in the United States.

In the bottom of the fourth inning of Tuesday night’s game against the Reds, Diaz hit a 2-1 Robert Stephenson fastball out to left-center field for a no-doubt grand slam. Teammate Yadier Molina gave Diaz a tight hug as he crossed home plate.

Before Tuesday’s game, Diaz said that the best way to honor Fernandez was to play with his passion, as MLB.com’s Jenifer Langosch reports. Diaz said, “I only play for [Fernandez’s] family right now.”

Here’s the video.