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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.

It’s OK to not like someone on the team you root for

St. Louis Cardinals' Yadier Molina celebrates as he arrives home after hitting a solo home run during the fourth inning of a baseball game against the San Francisco Giants Monday, Aug. 17, 2015, in St. Louis. (AP Photo/Jeff Roberson)
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There were a series of interesting comments to the Yadier Molina story this morning. The first commenter, a Cardinals fan, said he’s never really cared for Molina. Other Cardinals fans took issue with that, wondering how on Earth a Cardinals fan could not like Yadi.

While I’ll grant that Molina is a particularly popular member of the Cardinals, while I personally like his game and his overall persona, and while I can’t recall ever meeting a Cards fan who didn’t like him, why is it inconceivable that someone may not?

Whether you “like” a player is an inherently subjective thing. You can like players who aren’t good at baseball. You can dislike ones who are. You can like a player’s game who, as a person, seems like a not great guy. You can dislike a player’s game or his personality for any reason as well. It’s no different than liking a type of music or food or a type of clothing. Baseball players, to the fans anyway, are something of an aesthetic package. They can please us or not. We can choose to separate the art from the artist, as it were, and ignore off-the-field stuff or give extra credit for the off-the-field stuff. Dowhatchalike.

No matter what the basis is, “liking” a player on your favorite team is up to one person: you. And, as I’ve written elsewhere recently, someone not liking something you like does not give you license to be a jackass about it.

A-Rod’s mansion is featured in Architectural Digest

Alex Rodriguez
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For a couple of years people worried if A-Rod would sully the Yankees Superior Brand. Given how they’re playing these days I wonder if A-Rod should be more worried about the Yankees sullying his brand.

He resurrected his baseball career last year. He’s cultivated a successful corporate identity. He’s in a relationship with a leading Silicon Valley figure. It’s all aces. And now it’s total class, as his home is featured in the latest issue of Architectural Digest:

Erected over the course of a year, the 11,000-square-foot retreat is a showstopper, with sleek forms and striking overhangs that riff on midcentury modernism, in particular the iconic villas found at Trousdale Estates in Beverly Hills. Unlike Rodriguez’s previous Florida home, the Coral Gables house is laid out on just one story so the interiors would connect directly to the grounds. Says Choeff, “Alex wanted to accentuate the indoor-outdoor feel.”

There are a lot of photos there.

I don’t think I have much in common with Alex Rodriguez on any conceivable level, but I do like his taste in architecture and design. I’m all about the midcentury modernism. Just wish I had the paycheck to be more about it like my man A-Rod here.

Video: Yadier Molina does pushups after being brushed back, gets hit

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The best part of this sequence is not that Molina successfully evaded an inside pitch or that, in doing so, he hit the dirt and did some pushups. It’s not even the part where, after that, het got back up and knocked a single to left field.

No, the best part is the applause from the crowd. Very respectful fan base in St. Louis. They’d even applaud an opposing player who showed such a great work ethic. Or so I’m told.

 

Justin Verlander and Kate Upton are engaged

Detroit Tigers pitcher Justin Verlander, left, and model Kate Upton pose for a photograph during second half NBA All-Star Game basketball action in Toronto on Sunday, Feb. 14, 2016. (Mark Blinch/The Canadian Press via AP) MANDATORY CREDIT
Associated Press
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Justin Verlander and Kate Upton have been a couple for a long time. And dudes like me have been writing about them for a long time because, well, Justin Verlander and Kate Upton.

They’ve fallen a bit off the radar in recent years thanks to Verlander taking a step back from Cy Young contender status and Upton’s profile likewise receding a bit, but if anything that probably helped things out given how hard it probably is to live a life with paparazzi hovering every time you want to out and get a burger or something.

In any event, those two crazy kids have made it work. Made it work so well that Verlander gave Upton a big fat rock that she showed off at last night’s Met Ball, which is a fundraising gala for the Metropolitan Museum of Art. Check it out:

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When you’re on a $180 million contract you can afford stuff like that, I guess.

Anyway, it looks like Upton enjoyed the fancy, star-studded gala in New York. I’m sure Verlander had a good time on the Tigers’ off-day in Cleveland. There’s a lot to do in Cleveland if you know where to look.