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.
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.