The Astros are for sale

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Mark Cuban and Jim Crane, please call your office . . .

Astros owner Drayton McLane has retained the services of the investment bank Allen & Company to assist in the sale of the team, according to two people with knowledge of the arrangement.

McLane, who could not be reached for comment Thursday night, has owned the Astros since 1992. Having entertained on and off for at least a couple of years the idea of selling, he has ramped up efforts recently.

McLane has toyed with selling the Astros in the past, but you don’t hire an investment bank if you’re toying.  He really wants to sell this time.  Maury has more details over at the Biz of Baseball. The upshot, though: McLane wants around $800 million. Any purchase of the team would include a stake in the newly created regional sports network CSN Houston.  Bonus: no one is bankrupt this time, so any sale would likely take less than nine months and multiple rounds of litigation.

Which means this won’t be much fun at all, sadly.

Kyle Gibson, Orioles finalize $10M, 1-year contract

Bill Streicher-USA TODAY Sports
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SAN DIEGO – Right-hander Kyle Gibson and the Baltimore Orioles finalized a $10 million, one-year contract on Monday.

The 35-year-old would receive a $150,000 assignment bonus if traded, payable by the receiving team. He also can earn a $25,000 bonus if he is elected or selected for the All-Star team. Gibson was an All-Star in 2021.

Gibson was 10-8 with a 5.05 ERA in 31 starts for Philadelphia last season. He also pitched 2 1/3 scoreless innings in two relief appearances in the postseason for the NL champions.

Baltimore gained another experienced arm as it looks to build on its surprising season. After losing 110 games the previous year, the Orioles contended for an AL wild card for much of the summer before finishing 83-79 for the franchise’s first winning record since 2016.

Gibson was an AL All-Star in 2021, going 6-3 with a 2.87 ERA in 19 starts for Texas. He was traded to Philadelphia that July, and he went 4-6 with a 5.09 ERA in 12 appearances for the Phillies down the stretch.

The 6-foot-6 Gibson was selected by Minnesota in the first round of the 2009 amateur draft. He made his big league debut with the Twins in 2013.

He spent his first first seven seasons with Minnesota, going 67-68 with a 4.52 ERA in 193 games, including 188 starts. He had his best year in 2018, finishing with a career-low 3.62 ERA in a career-best 196 2/3 innings.

Gibson, who signed a $28 million, three-year contract with Texas in December 2019, is 89-91 with a 4.52 ERA in 267 major league games.