Padres sale done pending league approval

8 Comments

Sure, it’s only 40 percent of what the Dodgers sold for, but $800 million isn’t bad.

The Padres sale to Peter O’Malley’s group was completed Monday, pending league approval that could come during the Aug. 16 owners meetings.

O’Malley is settling for the Padres after coming up short in his attempt to re-buy the Dodgers earlier this year. Among his investors is golfer Phil Mickelson, but it’s expected to be primarily a family-run team by Peter, his sons Kevin and Brian O’Malley and his nephews Peter and Tom Seidley.

Approval of the sale figures to go down without a hitch, as commissioner Bud Selig publicly endorsed the bid last month. Of course, the Padres’ first sale to agent Jeff Moorad didn’t go so smoothly. It proved to be a boon for current owner John Moores, though, as the new sale price is much higher than the previous $500 million figure.

Cubs acquire Martín Maldonado from the Royals

Getty Images
2 Comments

Last night Cubs catcher Willson Contreras was placed on the injured list with a strained muscle in his right foot. That injury inspired the Cubs to go out and get another catcher. They acquired Martín Maldonado in a trade with Kansas City in exchange for lefty Mike Montgomery, in a deal that was announced after the Cubs loss to the Reds.

Maldonado, 32, was a Gold Glove winner in 2017 with the Angels. At the moment he’s hitting .227 with six homers and 17 RBIs in 74 games. Obviously, though, defense is his calling card, as he’s a .220 career hitter with 57 homers and 210 RBIs in 686 games.

Montgomery, 30, is 1-2 with a 5.67 ERA in 20 relief appearances for the Cubs this year. He’s heading back to where his pro career began. He was drafted by Kanas City in 2008, though he was traded away in the James Shields/Wade David/Wil Myers deal in 2012. He made his big league debut for Seattle in 2015. Dayton Moore said last night that the Royals plan to use Montgomery in the rotation as a replacement for Homer Bailey, who was dealt to Oakland on Sunday.