Mark Cuban out of the running for Dodgers; Joe Torre and Magic Johnson among those still in

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UPDATE: The Steve Garvey-Orel Hershiser group was not selected to advance in the bidding process, reports Bill Shaikin of the Los Angeles Times.

As for the actual bid amounts, well, let’s just say that Frank McCourt is going to walk away from this process filthy, stinkin’ rich. Buster Olney of ESPN.com hears that bidding on the Dodgers is now north of $1.2 billion and counting. Meanwhile, CBS Sports’ Jon Heyman reports that McCourt already has one bid in the range of $1.5 billion and speculates that the bidding may jump to $2 billion before this is all over. Either way, the final price tag is expected to blow away the previous record of $845 million when the Ricketts family bought the Cubs from the Tribune Company in 2009.

10:44 PM, Friday: Well, we can cross two big names off the list. Bill Shaikin of the Los Angeles Times has learned that the groups led by Mark Cuban and former agent Dennis Gilbert didn’t make it to the second round of the bidding process. St. Louis Rams owner Stan Kroenke is still in.

Meanwhile, Tony Jackson of ESPNLosAngeles.com hears that Peter O’Malley’s group and the group led by Stanley Gold (who runs the investment firm for the family of the late Roy Disney) have also advanced. O’Malley has reportedly discussed joining forces with Gold’s group.

9:30 PM, Friday: We learned earlier this week that the Dodgers received more than 10 opening bids in advance of Monday’s deadline from those interested in buying the team from Frank McCourt. The opening bids aren’t binding and new bidders could still emerge in the days to come, but we have some early word on who made it through to the next round.

Bill Shaikin of the Los Angeles Times reports that at least eight groups have advanced, including the Magic Johnson/Stan Kasten group, the Joe Torre/Rick Caruso group and the group headed by hedge fund manager Steven Cohen. No word on any others, but it’s safe to say most of the big names are sticking around.

The Dodgers released a statement a little while ago confirming that “the round of preliminary bidding has been completed successfully.” However, they didn’t say who advanced or provide a timeline for the next step.

The embattled McCourt faces an April 30 deadline to sell the team and has agreed to identify the winning bidder by April 1. The sale is expected to fetch an MLB record price tag in excess of $1 billion.

Report: A’s trying to finish deal for Jeurys Familia

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The Athletics appear to be closing in on a deal for Mets’ right-hander Jeurys Familia, according to reports from ESPN’s Buster Olney. Nothing has been finalized just yet, however, as the Mets confirmed that they would not be announcing a trade tonight and Ken Rosenthal of The Athletic points out that other teams may still be in the mix for Familia’s services. It’s not clear what the A’s would be giving up in any potential deal for the reliever.

Familia, 28, has been pitching well this season. He currently sports a 2.88 ERA, 3.1 BB/9 and 9.5 SO/9 through 40 2/3 innings — across-the-board improvements from his last run with the Mets in 2017 — and has racked up 17 saves to boot. He’s due another $3 million for the remainder of 2018, and Rosenthal adds that the club is willing to throw some cash in the deal in order to guarantee a better return for the closer.

While the A’s have one of the better bullpens in the American League, sitting seventh-best with a 3.50 ERA and 2.8 fWAR, they still have a ways to go in order to overtake the Mariners and Astros for a postseason berth by season’s end. Familia’s contract expires at the end of the year, but he should provide enough short-term value to give the A’s the boost they need.