Three groups in the final running to buy the Padres for $800 million

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Bill Shaikin of the Los Angeles Times reports that there are three parties left in the running to buy the Padres:

  • Gary Jabara, the founder of a Newport Beach wireless communications company;
  • Steve Kaplan, principal at Oaktree Capital in Los Angeles; and
  • Peter O’Malley, former owner of the Dodgers.

More so than the owners’ identities, however, I am interested in the reported sales price: $800 million. Arte Moreno bought the Angels for $180 million ten years ago. The Cubs more recently sold for around $800 million.  Now the Padres, a less-successful franchise with a smaller fan base in a smaller town than either of those two teams is about to be sold for that amount the Cubs went for.

The mind kind of reels, no?

Rangers sign Chris Martin to a two-year deal

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Ken Rosenthal reports that the Texas Rangers have signed free agent righty Chris Martin to two-year, $4 million deal.

Martin pitched for the Nippon Ham Fighters for the past two seasons, posting 1.12 ERA in 88 relief innings with excellent strikeout and walk rates. Martin pitched 40 games in the bigs, appearing with the Rockies in 2014 and the Yankees in 2015 with some pretty underwhelming results.

He’s tall — 6’8″ — and tall guys sometimes take a long time to put it all together. Maybe he finally put it all together. The Rangers obviously think he has.