HoopsHype MLB rumors

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 20, 2012 Updates

Comcast SportsNet Sixers sideline reporter Meredith Marakovits has been named the New York Yankees’ clubhouse reporter for the YES Network. She will be part of Yankees’ telecasts, pregame and postgame shows, and the “Yankees Batting Practice Today” show. Marakovits will also appear on additional Yankees programming and will contribute to YESNetwork.com. Philadelphia Inquirer

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 28, 2012 Updates

Michael Heisley and Tony Ressler were eliminated from the Dodgers bidding on Monday, leaving seven parties in contention to buy the team, according to multiple people familiar with the sale process but not authorized to discuss it. St. Louis Rams owner Stan Kroenke, Beverly Hills-based real estate developer Alan Casden and a group led by Stanley Gold and the family of the late Roy Disney remain in the bidding. The other four: Magic Johnson and veteran baseball executive Stan Kasten; Connecticut investor Steven Cohen and longtime Los Angeles agent Arn Tellem; New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based Colony Capital; and Jared Kushner, owner and publisher of the New York Observer and son-in-law of Donald Trump. Los Angeles Times

Chicago businessman and Memphis Grizzlies owner Michael Heisley remains in the running to buy the Los Angeles Dodgers. A source familiar with Heisley's group and Major League Baseball said Monday night that his group hasn't been eliminated from consideration, contrary to an earlier report. Although some groups, such as one headed by Chicago White Sox senior advisor Dennis Gilbert, have been eliminated, the source said talks with Heisley's group and MLB are still on-going. Chicago Tribune

February 9, 2012 Updates

Michael Heisley, the billionaire owner of the NBA's Memphis Grizzlies, has emerged as one of the remaining bidders for the Dodgers. If Heisley were to buy the Dodgers, Lakers legend and former Grizzlies executive Jerry West probably would join the team in some capacity, according to a person familiar with the sale process. Los Angeles Times

December 30, 2011 Updates

Kobe Bryant confirms he recently directed Yankees slugger Alex Rodriguez to an experimental treatment on his right knee in Germany. Bryant credits the therapy with dramatic improvement in his own troublesome knee and an injured ankle in recent months. Bryant gave Rodriguez the phone number of the German doctor who developed the treatment, the Lakers guard said Thursday night before Los Angeles hosted the New York Knicks. SI.com

December 2, 2011 Updates
November 14, 2011 Updates

The N.B.A. — like the N.F.L. and M.L.B. — files league office personnel data to Lapchick at his Institute for Diversity and Ethics in Sport at Central Florida. In the latest round of grading, baseball received an A in racial hiring and a B-minus in gender. The N.F.L. scored an A-plus and a C, while the N.B.A. earned an A-plus and an A-minus. The report cards have chided colleges for their record in hiring people of color and women to run athletic departments and given poor grades to newspaper sports sections in the United States. Lapchick also releases annual graduation rates of college football teams bound for the bowl games and men’s basketball teams in the N.C.A.A. tournament. New York Times

NBA, NFL, MLB 

To that end, Lapchick recalled a meeting he attended while serving with Bill Bradley, among others, on a commission to study culture and community in 1996. A female commissioner initiated a discussion on how the rap star Tupac Shakur and the industry he represented were in part responsible for a decline in social enlightenment among American youth based on music that objectified women and promoted violence and offensive language. “I was slightly aware of the genre, so it all made some sense to me,” Lapchick said. “But it later struck me that this was the week after Tupac was murdered and she might not even have heard of him until then. The next week, I was going to speak to the N.B.A.’s rookie transition program in Northern Virginia, and I was on a bus from the airport with five African-American rookies. They were talking about Tupac and one was saying, ‘What are we going to do without him?’ “They were all devastated by his death, and I realized that he was their musical wizard, their sage, their storyteller. I was about 50 at the time, and it just dawned on me that here was the same cultural phenomenon being viewed by two different generations as polar opposites. I just decided I was going to start talking about these things, and when I told my daughter what I was going to do, she said, ‘Oh, I love Tupac.’ Then I knew it wasn’t about race but class and culture, about what people have and what they don’t have.” New York Times

NBA, NFL, MLB 
November 2, 2011 Updates

Dallas Mavericks owner Mark Cuban is interested in buying the Dodgers, but only for the right amount. "It all comes down to price," Cuban wrote Wednesday morning in an email to ESPNLosAngeles.com. "It's important to have more than enough money to pay players and invest in the organization." ESPN.com

October 23, 2011 Updates

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