The bidding for the Padres is nearing a resolution

5 Comments

UPDATE: Rosenthal adds that Moores met today with Peter Seidler, the nephew of former Dodgers owner Peter O’Malley. He met with Jabara earlier this week.

Both groups have submitted bids of $800 million, which includes $600 million for the team and $200 million as part of the team’s TV deal with FOX Sports San Diego.

10:51 PM: According to Ken Rosenthal of FOXSports.com, Padres owner John Moores is close to reaching an agreement to hand over majority control of the team.

Rosenthal hears that the club is seen as the O’Malley family’s “to lose” while a group led by Gary Jabara, the founder of a Newport Beach wireless communications company, remains in the mix with a competitive offer.

Scott Miller of CBSSports.com named the O’Malley family and Jabara as the finalists for the Padres earlier this evening. Moores’ asking price for majority control is now is in the range of $800 million and there’s optimism a deal will come together before the All-Star break. A formal transfer of ownership is unlikely to take place until the owners meetings in August.

Reds ink Oliver Perez to a minor-league deal

Getty Images
Leave a comment

The Reds have signed free agent reliever Oliver Perez to a minor-league contract, the team announced Saturday. The deal comes with a major-league invite and could be worth $1.25 million if Perez secures a roster spot this spring, with an additional $500,000 in potential performance bonuses.

Perez, 36, is coming off of a two-year run with the Nationals. He produced a 4.64 ERA, 3.3 BB/9 an d10.6 SO/9 through 50 relief appearances and 33 innings with the club in 2017. The veteran lefty hasn’t kept an ERA under 4.00 in at least four seasons, but he continues to be undeniably solid against left-handed batters, holding them to a .227/.301/.364 batting line over 18 1/3 innings last year.

While returning southpaw Wandy Peralta appears to have locked down a bullpen spot already, Perez will still compete for another role against fellow left-handers Cody Reed and Amir Garrett, both of whom also have experience in the rotation. If Perez doesn’t break camp with the team, MLB.com’s Mark Sheldon notes, he’ll be permitted to opt out of his contract. The Reds are currently looking to bounce back from a dismal performance in 2017, one in which their bullpen ranked 28th among major league teams with a collective 5.63 ERA and -1.2 fWAR.