Frank McCourt agrees to sell Dodgers

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UPDATE:   Major League Baseball and the Dodgers have released a joint statement confirming the earlier Los Angeles Times report:

“The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt.  The Blackstone Group LP will manage the sale process.”

12:48 AM: Rejoice, Dodgers fans.

According to Bill Shaikin of the Los Angeles Times, Frank McCourt has agreed to sell the Dodgers. The team will be auctioned off in bankruptcy court.

No firm details yet, but Shaikin reported late last night that McCourt was nearing an agreement with MLB on a bankruptcy settlement to sell the team. The deal is expected to include Dodger Stadium and the surrounding parking lots. It’s estimated that a sale would command a record asking price of $1 billion or more.

We’ll undoubtedly have a lot more on this situation in the morning, so stay tuned.

Blue Jays to announce that John Gibbons will not return as manager

John Gibbons
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Sportsnet reports that the Blue Jays will announce today that manager John Gibbons will not return for the 2019 season.

This is not a huge secret, as Ken Rosenthal reported that the team will not be asking Gibbons to return over a month ago. Today, however, it will become official.

Gibbons, who is still under contract through the end of next season and who is subject to a team option for 2020, is in his second stint as the Jays’ manager. His first term went from 2004 through the middle of the 2008 season. He was rehired before the 2013 season. At the moment Toronto holds a 71-87 record, which puts them a whopping 35 and a half games behind the Boston Red Sox in the AL East.

The club is poised for a rebuild. And, they have decided, they will do it without John Gibbons at the helm.