Warren Buffett is interested in investing in the Cubs

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As we noted yesterday, the Cubs are seeking minority investors in order to help fund the renovations to Wrigley Field and the development of the neighborhood around the ballpark. One potential investor? The most famous investor of them all:

Warren Buffett, the world’s fourth-richest person, is interested in investing in the Chicago Cubs, according to a source who traded candor for anonymity . . . The Ricketts family hails from Omaha, the same city that is home to Buffett’s holding company, Berkshire Hathaway .

Buffett has baseball ownership experience. Or at least investing experience, as he owned a minority share of the Omaha Triple-A team, so it’s not totally foreign territory for him.

It would be interesting, though, as being a minority shareholder in a closely held baseball team like the Cubs would give him little if any say in how the asset is managed. In a lot of ways doing that is a vanity investment, and Buffet is a lot of things, but a vanity investor is not one of them.

Brandon McCarthy wins final spot in Dodgers’ rotation

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We learned on Monday that Hyun-Jin Ryu won one of the final two spots in the Dodgers’ starting rotation. Brandon McCarthy has won the other, Bill Plunkett of the Orange County Register reports. Alex Wood was McCarthy’s competitor for the spot.

McCarthy, 33, posted a 4.85 ERA across four appearances spanning 13 innings this spring, yielding seven earned runs on 14 hits and a walk with seven strikeouts. Wood, a southpaw, gave up five earned runs in six innings against the Reds on Tuesday, which might have factored into the decision.

Last season, McCarthy made nine starts and one relief appearance, posting a 4.95 ERA with a 44/26 K/BB ratio in 40 innings. In the event McCarthy falters, the club has Wood as well as Julio Urias and the injured Scott Kazmir as potential replacements.

Yankees re-sign Jon Niese to a minor league deal

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The Yankees have re-signed pitcher Jon Niese to a minor league contract, George A. King III of the New York Post reports. Niese was released on Sunday, but he’ll stick around and provide rotation depth for the Yankees.

Niese had knee surgery last August and got a late start to spring training as a result. In six spring appearances lasting an inning each, the lefty gave up three earned runs on five hits and a walk with five strikeouts.

Niese, a veteran of nine seasons, put up an aggregate 5.50 ERA with an 88/47 K/BB ratio in 121 innings last season between the Pirates and Mets.