According to Barry M. Bloom of MLB.com, MLB owners have approved the sale of the Padres to an investment group headed by San Diego businessman Ron Fowler. The sale was put to a vote today at MLB’s quarterly ownership meetings.
The sale price of the club ended up being $800 million, which includes a stake in the club’s television deal with FOX Sports San Diego. The new ownership group also includes former Dodgers owner Peter O’Malley, his sons Brian and Kevin, nephews Peter Seidler and Tom Seidler, and pro golfer Phil Mickelson.
Outgoing owner John Moores originally purchased his majority stake in the Padres in December of 1994 for $94 million. Today’s transfer of ownership comes after Jeff Moorad’s attempt to purchase the team for around $500 million fell apart earlier this year.
Veteran right-hander Bartolo Colon was released from his minor league deal with the Rangers on Saturday, MLB.com’s TR Sullivan reports. Despite his strong showing in spring training, Colon wasn’t considered a lock to make the Opening Day rotation. This may not be the end of his time with the team, however — according to multiple reports, the Rangers have expressed their desire to restructure a minor league deal with the right-hander and could work out an arrangement to keep him on as bullpen and Triple-A depth this season.
Colon, 44, is preparing for his 21st year in the majors. He split his 2017 campaign with the Braves and Twins, posting a cumulative 7-14 record in 28 starts and finishing the season with a 6.48 ERA, 2.2 BB/9 and 5.6 SO/9 in 143 innings. While those numbers were some of the worst he’d seen since 2009, the veteran righty made a compelling case in camp this spring, holding batters to six earned runs, four home runs, two walks and 10 strikeouts in 18 innings.
The Rangers are expected to open the season with a rotation comprised of Cole Hamels, Doug Fister, Matt Moore, Mike Minor and Martin Perez. Perez is working his way back from an elbow injury in his non-throwing arm and is slated to miss his first start of the season, which would provide a brief window of opportunity for Colon when the Rangers hit the road in April.