The Dodgers bidders are down to four

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Major League Baseball keeps weeding out bidders for the Dodgers and now we are down to four, reports the L.A. Times:

  • The Stan Kasten-Magic Johnson group;
  • Hedge fund billionaire Steven Cohen;
  • St. Louis Rams owner Stan Kroenke; and
  • Memphis Grizzlies owner Michael Heisley and a financier named Tony Ressler, who is also a minority investor in the Milwaukee Brewers.

True fact: Steven Cohen’s real first name on his birth certificate is “Hedge Fund billionaire.” His parents truly believed in destiny, and in his case it worked.

Anyway, all of these bids have been reported to be seriously moneyed (i.e. not overly-leveraged like Frank McCourt), with some of them having close to a billion dollars in cash alone, with overall bids ranging between $1.3 and $1.6 billion, which would make the Dodgers the largest sports franchise sale in history.

Imagine what they’d be worth if Frank McCourt hadn’t chopped them into little pieces and drove the brand into the ground.

Report: Yankees J.A. Happ, closing in on a three-year deal

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UPDATE: Rosenthal is now walking the report back a bit, saying that indications that the Yankees and Happ are close to a deal but that it is not yet done.

10:29 AM: Ken Rosenthal reports that the Yankees and J.A. Happ have come to terms on a three-year deal. The agreement is pending a physical. The financial terms are not yet known.

Happ just turned 36, but he has been effective enough to warrant a three-year commitment. The Yankees know this as well as anyone, having acquired him last year and watched him post a 7-0 record and a 2.69 ERA in 11 starts in New York. For the entire season he was 17-6 with a 3.65 ERA and a K/BB ratio of 193/51 in 177.2 innings between the Yankees and the Blue Jays.

With Happ back in the fold, the Yankees rotation now consists of Luis Severino, James Paxton, Happ, Masahiro Tanaka and CC Sabathia, not necessarily in that order. A good group, assuming it stays healthy.