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


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.

The international draft is all about MLB making money and the union selling out non-members

SAN JUAN, PUERTO RICO - MARCH 13:  A fan flies the Dominican Republic flag during the game against Cuba during Round 2 of the World Baseball Classic on March 13, 2006 at Hiram Bithorn Stadium in San Juan, Puerto Rico.  (Photo by Al Bello/Getty Images)
Getty Images

On Monday we passed along a report that Major League Baseball and the MLBPA are negotiating over an international draft. That report — from ESPN’s Buster Olney — cited competitive balance and the well-being of international free agents as the reasons why they’re pushing for the draft.

We have long doubted those stated motivations and said so again in our post on Monday. But we’re just armchair skeptics when it comes to this. Ben Badler of Baseball America is an expert. Perhaps the foremost expert on international baseball, international signings and the like. Today he writes about a would-be international draft and he tears MLB, the MLBPA and their surrogates in the media to shreds with respect to their talking points.

Of course Badler is a nice guy so “tearing to shreds” is probably putting it too harshly. Maybe it’s better to say that he systematically dismantles the stated rationale for the international draft and makes plan what’s really going on: MLB is looking to save money and the players are looking to sell out non-union members to further their own bargaining position:

Major League Baseball has long wanted an international draft. The driving force behind implementing an international draft is for owners to control their labor costs by paying less money to international amateur players, allowing owners to keep more of that money . . . the players’ association doesn’t care about international amateur players as anything more than a bargaining chip. It’s nothing discriminatory against foreign players, it’s just that the union looks out for players on 40-man rosters. So international players, draft picks in the United States and minor leaguers who make less than $10,000 in annual salary get their rights sold out by the union, which in exchange can negotiate items like a higher major league minimum salary, adjustments to the Super 2 rules or modifying draft pick compensation attached to free agent signings.

Badler then walks through the process of how players are discovered, scouted and signed in Latin America and explains, quite convincingly, how MLB’s international draft and, indeed, its fundamental approach to amateurs in Latin America is lacking.

Read this. Then, every time a U.S.-based writer with MLB sources talks about the international draft, ask whether they know something Ben Badler doesn’t or, alternatively, whether they’re carrying water for either the league or the union.

President Bill Murray speaks about the Cubs from the White House

CHICAGO - APRIL 12:  Celebrity Bill Murray clowns around with Chicago media before the opening day game between the Chicago Cubs and the Pittsburgh Pirates on April 12, 2004 at Wrigley Field in Chicago, Illinois. The Pirates defeated the Cubs 13-2.  (Photo by Jonathan Daniel/Getty Images)
Getty Images

I don’t know why Bill Murray is in Washington today. I don’t know why he’s at the White House. But I do know that he was there in Chicago Cubs gear, standing at the lectern in the press briefing room, voicing his full confidence in the Cubs prevailing in the NLCS, despite the fact that Clayton Kershaw is going for the Dodgers tomorrow night.

“Too many sticks,” president Murray said of the Cubs lineup. And something about better trees in Illinois.

Four. More. Years.