HoopsHype Los Angeles Dodgers rumors

August 25, 2014 Updates
April 6, 2014 Updates

When Chris Paul was shown on the big screen at Dodger Stadium on Friday during the Los Angeles Dodgers' home opener against the San Francisco Giants, he was booed louder than any Giants player on the field. The reception didn’t come as a surprise to Paul, who smiled while being jeered and playing an in-stadium trivia game with Dodgers outfielder Carl Crawford. ESPN.com

“I expected it,” Paul said on Saturday. “When they came and asked me to that thing with Carl Crawford, I said they were going to boo the life out of me. I told Cat (Belanger, the Dodgers’ broadcast and entertainment coordinator). She’s been there every time that I’ve been there for games and she was like, ‘It’s cool.’” Paul was booed last season when he threw out the first pitch to Dodgers outfielder Matt Kemp along with his four-year-old son, Chris. “The craziest one is when I had ‘Little Chris’ with me,” Paul said. “But he didn’t know what was going on. Now if I take him he’ll know what’s going on.” ESPN.com

October 5, 2013 Updates
March 29, 2012 Updates

Reactions from the Lakers and throughout the NBA on news that Magic Johnson's group is buying the Dodgers: — Jerry Buss, Lakers owner: "Magic Johnson is probably the most beloved sports figure in Los Angeles history. In addition to being a phenomenal success on the court in leading the Lakers to five NBA championships, he has been a success in everything else he's become involved with, most notably his spectacular business career and also his educational campaign on behalf of HIV awareness. I'd like to congratulate Magic and his partners on their acquisition of the Dodgers and wish them the best of luck." — Kobe Bryant: "Magic's got his hands everywhere, man. But I'm happy for him. Obviously, everybody knows how well-loved he is in Los Angeles and he's starting another chapter in his life and another chapter in his post-NBA career of rebuilding the Dodgers' franchise." Los Angeles Times

March 28, 2012 Updates

One Los Angeles institution is buying another. A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten agreed Tuesday night to buy the Dodgers from Frank McCourt for a record $2 billion. The price would shatter the mark for a sports franchise. Stephen Ross paid $1.1 billion for the NFL’s Miami Dolphins in 2009, and in England, Malcolm Glazer and his family took over the Manchester United soccer club in 2005 in a deal then valued at $1.47 billion. Yahoo! Sports

The deal, revealed about five hours after Major League Baseball owners approved three finalists for an intended auction, is one of several steps toward a sale of the team by the end of April. It is subject to approval in federal bankruptcy court. “I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in our wonderful community of Los Angeles,” Johnson said in a statement. As part of the agreement, the Dodgers said McCourt and “certain affiliates of the purchasers” would acquire the land surrounding Dodger Stadium, including its parking lots, for $150 million. “If they invested that much money, I’m sure they’ll invest to get us a winner,” said Tommy Lasorda, the Dodgers’ retired Hall of Fame manager. “I wish them all the luck, and I admire them. I know both of them. I know Magic from the day he came into Los Angeles as a basketball player for the Lakers.” Yahoo! Sports

A record price tag of $1 billion can be expected for the Los Angeles Dodgers, Dodger Stadium and the surrounding real estate, according to several sports economists following the team's upcoming sale. "If you're talking about the asset value of the Dodgers franchise, the stadium, the parking lots and the surrounding acreage, I think a number in neighborhood of $1 billion is reasonable," Andrew Zimbalist, a professor of economics at Smith College, said last week. "I believe the reasonable or final offer will be $900 million to $1 billion." ESPN.com

Three years ago, Dodgers owner Frank McCourt outlined a $500 million project around the stadium that would include parking structures, a Dodgers museum and a plaza behind center field with year-round shops and restaurants. Such a sweeping project could add more revenue streams for the future owners and potentially raise the price of the team. "As a comparison, the Chicago Cubs went for $845 million two years ago, and I think most people looking at the revenue streams between the Dodgers and Cubs would have them being pretty comparable," said Victor Matheson, a sports economist and an associate professor of economics at the College of the Holy Cross in Worcester, Mass. "It's probably more in favor of the Dodgers because they have such a huge area that could also be redeveloped. The Cubs' deal includes Wrigley Field, but that's tied into the city grid there so there's only so much you can do. The Dodgers really do have space there for other projects." ESPN.com

March 6, 2012 Updates

Memphis Grizzlies owner Michael Heisley and Los Angeles investor Tony Ressler have joined forces and reentered the bidding for the Dodgers, a person familiar with the sale process said Monday. Ressler, a minority investor in the Milwaukee Brewers, is believed to be the only remaining bidder currently involved in MLB. The Heisley-Ressler bid would be the eighth submitted to Major League Baseball for consideration. MLB has agreed to approve up to 10 bidders, after which outgoing owner Frank McCourt will select the winner. Los Angeles Times

February 9, 2012 Updates
December 2, 2011 Updates

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