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.

Alex Dickerson to miss 2017 season after undergoing back surgery

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Padres’ outfielder Alex Dickerson won’t see PETCO Park anytime soon — at least, not as its starting left fielder. The 27-year-old was diagnosed with a bulging disc in his lower back prior to the start of the 2017 season, and hasn’t made any kind of substantial progress in the months since. According to Dennis Lin of the San Diego Union-Tribune, he suffered a setback in his recovery process last week and is set to undergo a season-ending discectomy next Wednesday.

Over 285 plate appearances, Dickerson batted .257/.333/.455 with 10 home runs and a .788 OPS for the Padres in 2016. He missed several days with a right hip contusion last July, but hasn’t experienced any substantial health problems since undergoing surgery in 2014 to repair a torn ligament in his left ankle.

The expected recovery period for lower back surgery is 3-4 months, according to Lin, which puts Dickerson’s estimated return just a few days before the end of the regular season. The Padres aren’t scraping the bottom of the NL West, but their 29-44 record doesn’t bode well for a postseason run this year. Assuming Dickerson rehabs his back in a timely manner, he should be in fine form to enter the competition for left field next spring.

Video: Hanley Ramirez’s No. 250 career home run barely left the field

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Hanley Ramirez played a pivotal role during the Red Sox’ 9-4 win over the Angels on Friday night, crushing a two-run homer off of Alex Meyer to bring the Sox up to a four-run lead in the fourth inning.

Well, crushed might be the wrong word. The ball cleared the right field fence with a mere 350 feet, landing just beyond Pesky’s Pole to bring Ramirez’s career home run total to an even 250.

According to the ESPN Home Run Tracker, Ramirez’s milestone blast wasn’t the shortest home run of the year — not by a long shot. That distinction currently belongs to Rays’ outfielder Corey Dickerson, who skimmed the left field fence at Rogers Centre with a 326-foot homer back in April.