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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.

Giants acquire Gordon Beckham from the Braves

MINNEAPOLIS, MN - JULY 27: Gordon Beckham #7 of the Atlanta Braves hits an RBI double against the Minnesota Twins during the first inning of the game on July 27, 2016 at Target Field in Minneapolis, Minnesota. (Photo by Hannah Foslien/Getty Images)
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The Giants have acquired infielder Gordon Beckham from the Braves in exchange for cash considerations, David O’Brien of the Atlanta Journal-Constitution reports.

Eduardo Nunez injured his hamstring on Sunday, leaving the Giants with another hole to fill at third base. Beckham isn’t eligible for inclusion on the Giants’ postseason roster.

Beckham, 30, hit .217/.300/.354 with five home runs and 30 RBI in 273 plate appearances with the Braves. He spent most of his time at second base but also spent some time at third base and shortstop. Beckham has nearly 1,500 career innings at third base, so moving back to the hot corner shouldn’t be a big deal.

Steven Matz to undergo “imminent” elbow surgery

NEW YORK, NY - AUGUST 14:  Steven Matz #32 of the New York Mets pitches in the first inning against the San Diego Padres at Citi Field on August 14, 2016 in the Flushing neighborhood of the Queens borough of New York City.  (Photo by Jim McIsaac/Getty Images)
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Mets GM Sandy Alderson addressed the media about the status of starter Steven Matz on Tuesday afternoon. Alderson said that Matz will undergo “imminent” elbow surgery to address a bone spur in the lefty’s elbow, Marc Carig of Newsday reports. That will end Matz’s season.

Matz was expected to return this past Friday, but was scratched due to shoulder soreness. According to Carig, the shoulder doesn’t appear to be a major issue.

Matz, 25, finishes the season with a 9-8 record, a 3.40 ERA, and a 129/31 K/BB ratio in 132 1/3 innings. It was a pretty good showing for his first full season in the majors.

The Mets enter Tuesday’s action a half-game up on the Giants for the first of two National League Wild Card slots. If the Mets can secure one of those slots and then advance to the NLDS, they will likely use a rotation that includes Noah Syndergaard, Bartolo Colon, Seth Lugo, and Robert Gsellman.