Rangers sign Jesse Chavez to two-year deal

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The Texas Rangers and Jesse Chavez just can’t quit one another: the Rangers and Chavez have agreed to a two-year contract in the range of $8 million. That via a report from Jeff Passan.

Chavez, 35, signed a one-year $1 million deal with Texas last year, waiting until February to ink the pact. Then he was traded to the Cubs in late July. He was pretty good in Texas, posting a 3.51 ERA in 30 games but he was on fire with the Cubs, allowing only five earned runs in 39 innings pitched over 32 games (1.15 ERA).

2019 will be his 12th season in the bigs. Over his career, which has taken him to nine different teams, Chavez is 38-53 with a 4.45 ERA in 415 games, mostly as a reliever.

MLB sells share of BAMTech to Walt Disney Co. for $900M

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NEW YORK – Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.