MLB owners approve sale of Padres

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According to Barry M. Bloom of MLB.com, MLB owners have approved the sale of the Padres to an investment group headed by San Diego businessman Ron Fowler. The sale was put to a vote today at MLB’s quarterly ownership meetings.

The sale price of the club ended up being $800 million, which includes a stake in the club’s television deal with FOX Sports San Diego. The new ownership group also includes former Dodgers owner Peter O’Malley, his sons Brian and Kevin, nephews Peter Seidler and Tom Seidler, and pro golfer Phil Mickelson.

Outgoing owner John Moores originally purchased his majority stake in the Padres in December of 1994 for $94 million. Today’s transfer of ownership comes after Jeff Moorad’s attempt to purchase the team for around $500 million fell apart earlier this year.

Report: Angels sign Matt Harvey to one-year, $11 million deal

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The Angels have signed pitcher Matt Harvey to a one-year contract, MLB.com’s Mark Feinsand reports. Fancred’s Jon Heyman reports that the contract is for $11 million with an additional $3 million available through performance incentives.

Harvey, 29, spent 2018 with the Mets and Reds, posting an aggregate 4.94 ERA with a 131/37 K/BB ratio in 155 innings. He started off poorly with the Mets, so they traded him to the Reds in early May. He pitched much better in Cincinnati.

Harvey should have a spot secured at the back of the Angels’ rotation, but health and performance can always change that leading up to Opening Day.