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.

Dusty Baker expects Stephen Strasburg to make his next scheduled start

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Nationals starter Stephen Strasburg lasted only two innings in Sunday’s start against the Diamondbacks. The right-hander reportedly had trouble getting loose and it showed: he yielded a hit and three walks to the 10 batters he faced. According to Jorge Castillo of the Washington Post, Strasburg had “some nerve impingement that has been alleviated.”

Manager Dusty Baker expects Strasburg to make his next scheduled start on Saturday at home against the Rockies, Chelsea Janes of the Washington Post reports. Strasburg was examined by doctors, who deemed him to be in good shape — enough to not warrant undergoing an MRI.

Through 20 starts, Strasburg owns a 3.25 ERA with a 141/37 K/BB ratio across 121 2/3 innings. Though the injury scare isn’t what the Nationals hoped for, he’s done well in the first year of his seven-year, $175 million contract extension.

John Lackey hit four White Sox batters today

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Cubs starter John Lackey didn’t have his best stuff on Tuesday afternoon at Wrigley Field against the White Sox. The right-hander hit four White Sox batters over the course of five innings. He yielded just two runs, though, on five hits and two walks with five strikeouts. He left with a 4-2 lead.

Lackey hit Jose Abreu with one out in the first inning, then hit Abreu again in the fifth. He then hit Matt Davidson and Yoan Moncada shortly thereafter. Chris Beck relieved Carlos Rodon for the White Sox in the bottom of the fifth and promptly hit Ian Happ with a fastball to lead off the frame. Home plate umpire Lance Barksdale issued warnings to both benches and the beanings stopped.

So, how often do pitchers hit four batters in a game? Not that often! The last to do it was the Reds’ Josh Smith on July 4, 2015 against the Brewers. Before that, it was the Nationals’ Livan Hernandez on July 20, 2005 against the Rockies. Lackey is only the ninth pitcher to hit four batters in a game since 2000 and the 26th since 1913. The only other Cubs pitcher to do it besides Lackey was Moe Drabowsky in 1957.