The Dodgers made big news a couple of months ago when they agreed to a whopping $7 billion TV deal with Time Warner. The deal has not become official yet because the Dodgers had not submitted it to MLB for review, fearing that it might not be approved because it attempts to shield more money from revenue sharing than is typically allowed.
The New York Post reports that those fears have forced a reworking of the deal. It still pays out $7 billion, but around a billion more than expected is going to go towards revenue sharing. There are some fears, the Post reports, that this could impact the Dodgers’ ability to meet its debt service obligations. Which, my heavens, how on earth could that ever happen to an owner of the Los Angeles Dodgers?
In other news, the Post reports that the team’s owners may have used money from their insurance company holdings to finance the purchase of the team, which is a no-no and may cause them to have to move more money back to the insurance side.
Gee, it’s almost as if buying a baseball team for $2 billion was a risky and complicated endeavor.
Oft-injured pitcher Josh Johnson is retiring from baseball, ESPN’s Jerry Crasnick is reporting.
Johnson, 32, hasn’t pitched in the majors since 2013. The right-hander underwent his third Tommy John surgery in September 2015 but wasn’t able to bounce back.
Johnson spent most of his career with the Marlins, but also pitched for the Blue Jays in the big leagues, as well as the Padres in the minors. He retires with a career 3.40 ERA, 915 strikeouts across 998 innings in the majors, and two All-Star nominations. Johnson led the National League with a 2.30 ERA in 2010, finishing fifth in NL Cy Young Award balloting. One wonders what he could have accomplished if he was able to stay healthy.
The Angels are nearing a multi-year deal with free agent third baseman Luis Valbuena, Jeff Fletcher of the Orange County Register reports. It’s believed to be a two-year contract with a third-year option.
Valbuena, 31, hit .260/.357/.459 with 13 home runs and 40 RBI in 342 plate appearances in 2016. He missed most of the second half with a hamstring injury, for which he underwent surgery in late August.
Valbuena has played a majority of his career at third base, but also has extensive experience at second base and has racked up innings at first base and shortstop as well. He won’t play every day for the Angels, as Yunel Escobar lays claim to third base and C.J. Cron first base, but he will give them flexibility and a left-handed bat off the bench.