O’Malley group selected to purchase Padres

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UPDATE: This could just be a formality, but the San Diego Union-Tribune is reporting that negotiations between the two sides are ongoing and that an agreement is not expected until after the All-Star break.

9:22 PM: The O’Malley family is getting back in the baseball ownership business. This time with the Padres.

Ken Rosenthal of FOXSports.com has the goods:

The O’Malley group, which includes four grandchildren of former Dodgers owner Walter O’Malley, has emerged as the favorite over the past couple of weeks and was recently given an exclusive window to purchase majority control of the club from outgoing owner John Moores. Golfer Phil Mickelson, who is from San Diego, is also an investor with the group. Commissioner Bud Selig expressed support of the O’Malley’s bid earlier this week.

Dodgers designate Sergio Romo for assignment

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The Dodgers announced on Thursday that the club activated pitcher Grant Dayton from the 10-day disabled list and designated pitcher Sergio Romo for assignment.

Dayton, 29, went on the disabled list earlier this month with neck stiffness. He’ll resume with a 3.63 ERA and a 20/12 K/BB ratio in 22 1/3 innings.

Romo, 34, signed a one-year, $3 million deal with the Dodgers in February. It didn’t really work out, as the right-hander posted a 6.12 ERA with a 31/12 K/BB ratio in 25 innings. His peripherals are still decent, so it wouldn’t be surprising if a team in need of a bullpen arm makes a deal with the Dodgers within the week.

Nate Karns underwent season-ending surgery for thoracic outlet syndrome

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MLB.com’s Jeffrey Flanagan reports that Royals pitcher Nate Karns underwent surgery for thoracic outlet syndrome on Wednesday. He’s expected to be ready for spring training next year. Karns went on the disabled list in May with an elbow injury and didn’t make much progress.

The Royals acquired Karns from the Mariners in January in exchange for outfielder Jarrod Dyson. Over eight starts and one relief appearance, the 29-year-old right-hander compiled a 4.17 ERA and a 51/13 K/BB ratio in 45 1/3 innings.

Karns will enter his first of three years of arbitration eligibility after the season, so he’ll be under the Royals’ control through 2020.