Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at the SALT Conference in Las Vegas

Another losing bidder on the Dodgers looks south to San Diego

7 Comments

San Diego is a nice alternative to L.A. You get the same — actually better — Southern California weather. It’s a bit cheaper. Way less traffic and hassle. My kids wanted to go to California on vacation this summer and after looking at L.A. stuff for a while I turned my attention south and found it to be way more appealing.

Maybe the tradeoff for owning a baseball team in those parts is not quite as equal, but for those who lost out on the Dodgers, San Diego is becoming a popular destination for their ambitions:

If you can’t buy ’em, beat ’em. That could be the motto for Steven Cohen, the hedge-fund billionaire and runner-up in the bidding for the Dodgers.

The San Diego Padres are up for sale, and Cohen is thought to be one of at least five potential buyers cleared by Major League Baseball to review the team’s confidential financial data.

Former Dodgers owner — who wanted to own them again — Peter O’Malley is already reported to be looking at the Padres.

It’s certainly not the plum that the Dodgers are in terms of revenue, both now and in the future. But at “only” $600 million, you can own the Padres for less than a third of what Magic and friends paid for the boys in blue.

UPDATE: Will Carroll reminds me that Steve Garvey was on his podcast a couple weeks ago and noted that he too is interested in the Padres.

Report: Mariners acquire Chris Heston from the Giants

Leave a comment

Jon Morosi of MLB Network and FOX Sports reports that the Mariners have acquired starter Chris Heston from the Giants. The Giants will receive a player to be named later, per Jon Heyman of FanRag Sports.

Heston, 28, logged only five innings in the majors this past season as he battled an oblique injury and otherwise spent most of his time with Triple-A Sacramento. Heston was solid out of the Giants’ rotation in 2015, posting a 3.95 ERA with a 141/64 K/BB ratio in 177 2/3 innings over 31 starts.

Heston will be under team control through 2021. He’ll provide depth for the Mariners’ rotation in the meantime.

Joe Nathan wants to pitch in 2017

DETROIT, MI - AUGUST 16: Joe Nathan #36 of the Detroit Tigers pitches in the ninth inning of the game against the Seattle Mariners at Comerica Park on August 16, 2014 in Detroit, Michigan. The Tigers defeated the Mariners 4-2.  (Photo by Leon Halip/Getty Images)
Leon Halip/Getty Images
2 Comments

Joe Nathan‘s agent, David Pepe, says his client wants to pitch in 2017, per ESPN’s Jerry Crasnick. “He’s like the Energizer Bunny,” Pepe said.

Nathan, 42, came back from Tommy John surgery in July, pitching two scoreless innings for the Cubs with four strikeouts and two walks. The Cubs released him and the Giants picked him up, and Nathan went on to pitch 4 1/3 scoreless innings down the stretch with five strikeouts and two walks.

According to FanGraphs, Nathan’s velocity wasn’t where it used to be, which is to be expected of a pitcher in his 40’s coming back from major elbow surgery. Still, with teams always on the hunt for bullpen depth, it would be shocking if Nathan didn’t get any bites before spring training starts.