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.

Rangers don’t plan to make qualifying offer to Adrián Beltré

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Rangers GM Jon Daniels said he doesn’t expect the club to make a $17.9 million qualifying offer to free agent third baseman Adrián Beltré, MLB.com’s T.R. Sullivan reports. Daniels has been in touch with the 39-year-old, who may retire.

Beltré battled hip and hamstring issues throughout the past season, limiting him to 119 games. He hit .273/.328/.434 with 15 home runs and 65 RBI in 481 plate appearances. Going by adjusted OPS, his mark of 98 — 100 is average — was his lowest in a season since 2009 with the Mariners. Beltré’s career average is 116 and he put up a 132 in 2017 and 128 in ’16.

Beltré appears to have some stuff left in the tank. He may not be an All-Star-caliber player anymore, but he can still hit at an average level and he is still an above-average defender. It’s just a matter of his body holding up to allow him to do what he needs to do. If Beltré does decide to re-up with the Rangers for 2019, the club will be prepared to move Isiah Kiner-Falefa or Jurickson Profar over to the hot corner as they did in 2018 in the event Beltré gets bitten by the injury bug.