Billionaire hedge fund manager Steven Cohen is going to bid on the Dodgers

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If I had $8 billion to my name, you can pretty much assume that I’d be buying a baseball team. Don’t care which one, even. I’d buy one and hire all of my baseball man-crushes to run it and/or play for it and I’d sit in the owner’s box with the kind of women who like to hang out with octbillionaires while eating and drinking like I was a Roman emperor and there’s nothing you could do to stop me.

Connecticut-based hedge fund manager Steven Cohen has eight billion dollars. He may not have the same vision I have about how he’d behave as a baseball owner, but he certainly wants a baseball team. Or so says the L.A. Times. And he is serious about it:

Steven Cohen, a billionaire eight times over, is bidding for the Dodgers in a process tilted toward the high bidder. However, the East Coast hedge-fund executive is not content to let his wealth speak for itself. He has engaged one of America’s notable sports architecture firms to propose renovations to Dodger Stadium, allied himself with one of baseball’s power brokers, secured the support of at least two prominent Angelenos and met with several major league owners.

The power broker in question is agent Arn Tellem, who insiders think would run the Dodgers in some way, possibly as team president, if Cohen wins the auction for the team.

Cohen was last heard of in baseball circles back in April when he was said to be considering buying into the Mets. That never went anywhere, probably because guys with that kind of money and power typically don’t care to take a non-controlling interest in companies. Owning the Dodgers, however, is a different thing altogether.

Also a different thing: Cohen’s company, SAC Capital Advisors, has been in the news this year as a result of having two of its fund managers plead guilty to insider trading. Cohen has not been implicated, nor has the company as a whole, but there have been subpoenas and things and that kind of thing is always a mess.

It remains to be seen if that would cause Major League Baseball any headaches.  Though, as the article says, given that the Dodgers are being sold at auction, the league has a slightly smaller role to play in approving bidders than it normally would, with Frank McCourt having recourse to the bankruptcy court if he feels MLB is unreasonably withholding approval of a potential buyer.

Report: Phillies place Justin Bour on waivers

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Jim Salisbury of NBC Sports Philadelphia reports that the Phillies have placed first baseman Justin Bour on waivers. The Phillies are creating space on the 40-man roster ahead of the Rule 5 protection deadline on Tuesday.

Bour, 30, opened the season with the Marlins but was traded to the Phillies in August in exchange for minor league pitcher McKenzie Mills. Overall, Bour hit .227/.341/.404 with 20 home runs and 59 RBI in 501 plate appearances.

Bour doesn’t really have a spot on the Phillies’ roster considering he is strictly a first baseman and the Phillies already have Carlos Santana. The Phillies may try to trade Santana to move Rhys Hoskins back to first base from left field.

If Bour clears waivers, he can reject an outright assignment to the minor leagues and become a free agent. However, considering how slow-moving the market for bat-only 1B/DH types has been in recent years, Bour may have trouble latching on with a new team on a guaranteed major league contract. If Bour is claimed, the claiming team will be responsible for paying him as he enters his second of three years of arbitration eligibility. MLB Trade Rumors projects Bour to earn a salary of $5.2 million in 2019.