Frank McCourt turned a $1.278 billion profit on the sale of the Dodgers

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That’s free and clear, after paying taxes and taking an offset for the debt assumed by the Dodgers’ new owners, reports Bill Shaikin of the L.A. Times.

We know this because he’s in court right now, trying to fight off a challenge from Jamie McCourt. Jamie is now trying to get a better deal than the one she walked away with when they settled their divorce. Her deal: $131 million, tax free.  She now claims that Frank committed fraud when they settled, misleading her as to the value of the team. Of course, at the time, most folks thought she was getting a pretty good deal, being able to walk away from what then appeared to be a doomed business. Which she helped doom.

As for Frank, I’m struggling to think of anyone who has done better financially while making so many dumb and questionable decisions while running a baseball team. It’s either a testament to how hard it is to go broke as a team owner or a testament to how naive I am about how capitalism works at its highest levels.

Report: Red Sox sign Kenley Jansen to 2-year, $32 million deal

Dale Zanine-USA TODAY Sports
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SAN DIEGO — Veteran closer Kenley Jansen and the Boston Red Sox have agreed to a two-year, $32 million deal, a person familiar with the deal told The Associated Press.

The person spoke to the AP on condition of anonymity because the agreement was pending a physical.

The 35-year-old Jansen went 5-2 with a 3.38 ERA in 64 innings for Atlanta this year. The three-time All-Star led the National League with 41 saves, helping the Braves win the NL East title.

Boston is looking to bounce back after it finished last in the AL East this season with a 78-84 record. The Red Sox went 92-70 in 2021 and lost to Houston in the AL Championship Series.

Jansen spent his first 12 seasons with the Los Angeles Dodgers, winning a World Series title in 2020. The right-hander signed a $16 million, one-year contract with Atlanta in March.

Jansen has a 2.46 career ERA. He was an All-Star in 2016-2018.

His 391 career saves are the second-most among active players (behind Craig Kimbrel‘s 394) and eighth all time.