Joe Kelly’s deal with Dodgers officially announced

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Eight days after the deal was first reported, the Dodgers have officially announced that they have signed Joe Kelly. The details: a three-year, $23 million contract with a $12 million club option for 2022. The buyout for the option is $4 million, so Kelly is guaranteed at least $27 million and as much as $35 million.

There is likewise a games finished incentive in the deal which could make Kelly a lot of money if, for some reason, he displaces Kenley Jansen as the Dodgers’ closer.

Specifically, he’ll get $250,000 for 30 games finished and another $250,000 for every five more games he finishes, on up to 60 games. It’s not saves, mind you — you can’t structure incentives on performance stats — it’s merely on games finished. Which means that Kelly will likely be lobbying Dave Roberts to let him be the last guy mopping up blowouts. Or, well, at least I would be if I were him. For Roberts’ part, figure on having him split setup duties with Pedro Baez.

Kelly, 30, posted a 4.39 ERA with a 68/32 K/BB ratio in 65.2 innings out of the Red Sox bullpen during the regular season in 2018. He made this money in the postseason, however, limiting the opposition — including the Dodgers — to two runs, one earned, in 11.1 innings with a 13/0 K/BB ratio.

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.