UPDATE: Ryan-Greenberg group wins ownership of Rangers

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1:51 AM:  Just a quick update here.  As Anthony Andro of the Fort Worth Star-Telegram reported just moments ago, the group led by Nolan Ryan and Chuck Greenberg won the auction.  They out-lasted several massive over-bids by Mark Cuban and stepped up with a $385 million cash offer early Thursday morning.  Great stuff by Andro and Co.

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4:05 PM:  Daniel Kaplan of SBJ reports that the review of the initial bids in the Texas Rangers auction is finally over (they’ve been in court all day) and get this: Mark Cuban and Jim Crane have “the highest and best bid” by $25 million.

Per some complicated legal business this morning, the Greenberg-Ryan group will now get some time — maybe some hours, maybe until tomorrow — to come back and top that bid. And they have to do it by $2 million to stay in the game.

That is, if they don’t make up their own rules. Minutes after the bidding was announced, Greenberg and Ryan’s lawyers (a) asked for more time; and (b) said that they’d attempt to block Cuban and Crane’s bid from being accepted via appeal and maybe some other legal action.  So that’s nice.  There’s also the distinct possibility — again, per Greenberg’s lawyer — that Major League Baseball may take up to nine months to approve Cuban and Crane as owners, which they argue would practically lower the real value of Cuban and Crane’s bid.

There will obviously be tons of twists and turns in the next few hours, let alone the next few weeks, so this doesn’t mean that Cuban and Crane will wind up owning the team.  But it does mean that for them not to it will mean that either Greenberg and Ryan will (a) have to come up with a ton more money; or (b) convince Major League Baseball and/or a court of law that the most valuable offer for the Texas Rangers should not actually get the team.

Report: White Sox acquire Yonder Alonso from Indians

Yonder Alonso
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The White Sox have reportedly picked up first baseman Yonder Alonso from the Indians, according to Stadium. The return for Alonso is expected to be nothing more flashy than a “fringe prospect,” though the minutiae of the deal is still pending a formal announcement from both teams.

Alonso, 31, inked a two-year deal with the Indians during the 2017 offseason. His first campaign with the club yielded a modest .250/.317/.421 batting line, 23 home runs, .738 OPS and 0.7 fWAR in 574 PA. The real boon for the White Sox may not be a passable veteran bat, however, but something more intangible — like Alonso’s clout with his brother-in-law and highly-coveted free agent slugger, Manny Machado.

While Alonso’s 2018 output represented a significant decline from the career-best numbers he posted in 2017, he’s still a solid contributor at the plate and, more importantly, slated to remain under team control for the next two years with just $8 million owed in 2019 and a $9 million option in 2020. As MLB.com’s Anthony Castrovince notes, the $17 million the Indians just erased from their payroll should give them enough room to accommodate the contracts for right-handers Trevor Bauer and Corey Kluber — a bonus regardless of what they happen to get in the trade.