Exclusive: MLB Wants AEG LA Downtown Ballpark

On July 20, 2011, in a Delaware bankruptcy court, current Los Angeles Dodgers owner Frank McCourt and Major League Baseball legal representatives will present competing plans for interim financing for the club.

FRANKenstein Monster & Dr. Selig

(Bud Selig as Dr. Frankenstein)

While MLB contends it already has the right to seize the team from McCourt, who recently revealed the club is now $525 million in debt, Commissioner Bud Selig is clearly wary of a legal challenge from the Dodger team owner Selig handpicked to buy the team in 2004 for $430 million despite McCourt putting up only $9 million in cash.

Another reason MLB has yet to strongarm McCourt: He owns the land where the Dodgers currently do business.

After McCourt’s 2004 bid was selected by Selig over a L.A. Times-reported $430 million cash offer for the club by Los Angeles billionaire Eli Broad, the Boston native and his wife Jamie McCourt split the team and surrounding acreage into separate business entities. At the time, McCourt’s hyper-leveraged purchase of the MLB franchise was valued at $330 million, with the accompanying real estate pegged at $100 million.

McCourt’s savvy business move means that even if Selig seizes the heritage baseball franchise from the Frankenstein monster he himself created, the league - and next owner of the team - could wind up with McCourt as its landlord.

That factual backdrop explains why in the past 48 hours multiple sources have confirmed to me that MLB has reached out to AEG to inquire about the possibility of the company assisting the league - and the next permanent owner of the team - in building a downtown ballpark for the Dodgers. Read more…

Selig Forced FRANKenstein Monster On Dodgers

As Los Angeles Dodgers fans celebrate the demise of Frank McCourt’s appalling stewardship of the Dodgers the past seven years, somehow Bud Selig has emerged in the media as a heroic figure swooping in to save the day.

FRANKenstein Monster & Dr. Selig

(Dr. Selig: No Choice Now But To Slay His Very Own L.A. Creation)

Nothing could be further from the truth.

It was Selig who, in January 2004, ignored a nearly all-cash $430 million offer for the Dodgers by local L.A. billionaire business magnate Eli Broad after MLB owners initially refused to ratify McCourt’s purchase of the Dodgers from News Corp. at the same price.

On Jan. 28, 2004, longtime LOS ANGELES TIMES baseball writer Ross Newhan noted the following as part of the newspaper’s timeline chronicling McCourt’s pursuit of the Dodgers:

Jan. 9, 2004: With financing concerns lingering, Selig calls off Jan. 14-15 vote but expects sale to be approved in a conference call before Jan. 31.

The day after that vote was called off, Newhan reported on Jan. 10, 2004:

Selig seldom calls for a vote unless he knows the outcome and it would be a surprise if a conference call produced a rejection, although there has been some speculation that the commissioner — intent on satisfying News Corp.’s determination to sell the team after a protracted process in which negotiations with two other bidders, Dave Checketts and Malcolm Glazer, ultimately broke down — would usher it through the full course and then let the owners decide if there were reason to be concerned about the financing.

McCourt was not included on Forbes’ most recent list of the 400 richest Americans (requiring a net worth of $600 million) and was a distant loser in bidding for the Boston Red Sox, but he owns valuable waterfront property in Boston that he reportedly is using as collateral in financing the acquisition.

11 days after Selig determined that he did not have the necessary MLB owner votes needed to ratify McCourt’s bid for the Dodgers, Newhan reported in the L.A. Times on Jan 20, 2004:

[Los Angeles developer and billionaire philanthropist Eli] Broad, whose net worth has been estimated at $3.8 billion, notified News Corp. (Dodgers Owners) Chairman Peter Chernin by letter last Wednesday that he was willing to offer the same $430 million if McCourt’s deal fell through.

His involvement, coming at the urging of Mayor James K. Hahn and former Dodger owner Peter O’Malley, among others, seemed to amplify concern in and out of baseball about McCourt’s ability to operate the Dodgers at an acceptable level and about the fact that he is proposing to invest little or none of his own money, with News Corp. loaning him almost half the $430 million.

McCourt needs three-fourths approval of the 30 owners, but the ownership committee has yet to recommend approval or rejection, and Commissioner Bud Selig has yet to schedule a conference call during which owners would vote on the sale.

Selig seldom puts an issue up for a vote unless he knows the outcome, which in most cases is to rubber-stamp his desires. ..

.. Whether Selig is determined to have McCourt approved as a favor to News Corp. because of its national and regional TV contracts with baseball or whether he would let owners reject the sale, feeling that he could tell News Corp. that he had done everything he could, isn’t clear.

If Selig’s intentions weren’t clear at that point, perhaps they should’ve been.

On Oct. 12, 2003, four months before MLB owners balked at approving McCourt’s stewardship of the Dodgers, ESPN.com reported of Selig’s stance on McCourt’s future ownership of the storied Los Angeles franchise:

A day after News Corp. reached an agreement in principle to sell the Dodgers to Boston real estate magnate Frank McCourt for $430 million, MLB commissioner Bud Selig expressed confidence the deal would be completed despite questions about whether McCourt had sufficient financial backing.

“I’m not concerned,” Selig said Saturday about the proposed sale that still must be approved in a vote of baseball owners.

McCourt’s financing remains unclear, baseball officials said, and his partnership has not been completed. A report from Boston indicated that McCourt might sell or find development partners for his properties there to help pay for the Dodgers.

Thanks to a report less than a month ago by FORBES magazine, we now know the financing McCourt used to somehow satisfy News Corp’s $430 million asking price - and the approval of Selig and at least 75% of MLB owners. Read more…

Need Baseball Gambling Tips? Ask The Marlins

South Florida sports radio host Andy Slater of 640 AM Sports recently noted on his weekday talk show that the Marlins are currently advertising for a sports handicapper website behind home plate and on television game broadcasts.


From an interview between Bud Selig and Peter Keating in ESPN THE MAGAZINE on April 1, 2011:

The Mag: Let’s talk about gambling. I was watching a Marlins game last year and saw a big ad for a casino on the leftfield wall.

BS: Life has changed. I’m sensitive about this issue, but casino gambling is legal. Any gambling involving baseball, though, is a no-no.

If only Pete Rose had used the “life has changed” defense!

Watch the video.

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Baseball’s “Best Interests”: Watch Dodgers Burn

In an opinion piece titled, “One of baseball’s enduring myths,” published by THE SPORTING NEWS on May 14, 1994, then-acting Major League Baseball Commissioner Bud Selig wrote of the powers of his office as set out by the ubiquitous “best interests of baseball” clause:

Bud Selig and Frank McCourt

The all-power commissioner’ never was an accurate portrayal

The truth is, the Major League Baseball commissioner by definition has never been all-supreme or omnipotent except where public confidence and integrity are concerned. The notion of an almighty commissioner directing the business of baseball is incorrect.

For Dodger fans wondering why Selig hasn’t stepped in to try to clean up the mess that their storied franchise has assuredly become, that would be your answer.

Actually, that was your answer until Selig sent a letter to Texas Rangers ownership eight months ago. Read more…

MLB Threatens To ‘terminate’ Rangers ‘franchise’

The most undercovered story of the summer, and maybe the year, is the outrageous circumstances of the sale of the Texas Rangers.

Bud Selig

(Protip: Do not lend this man money)

Before your eyes glaze over, understand that this story is very important as it pertains to the financial future of individual major league clubs. It also could dictate if the Texas Rangers exist this time next year - if MLB’s rhetoric is to be believed.

If you’ve read this site over the years, you know by now that MLB has done all it could to turn over franchises to owners who either lack the financial resources, as in the McCourts, or the willingness, as in the late Carl Pohlad, to invest Yankee-esque sums into player payroll.

Most recently, MLB handed over one of the crown jewels of its league, the Chicago Cubs, to a highly-leveraged buyer in Tom Ricketts. Ricketts was chosen to take over the team despite his lack of liquidity and inability to field the highest bid for the franchise.

Why? Because MLB doesn’t want the Cubs to end up with a $200 million payroll, which would drive up costs for other owners, contribute to further competitive imbalance and possibly lead to additional labor strife.

Of course, if MLB had a revenue sharing agreement like the NFL, Cubs fans wouldn’t have to worry about having an underfunded owner running their beloved team. (In the third-largest market!) Because of the petty greed of the league’s individual owners, no such revenue sharing plan exists - forcing league commissioner Bud Selig to jury-rig MLB ownership ranks to prevent another Steinbrenner-type owner. (See shooting down Mark Cuban in his bid for the Cubs.)

That brings us to Selig’s latest payroll-chopping opportunity: The Texas Rangers. Read more…

Report: MLB Considering ‘Remedy’ For Joyce Call

Tony Paul of the DETROIT NEWS reports Thursday that the Detroit Tigers “were believed to be preparing to contact the Major League Baseball offices, if they hadn’t done so already, after umpire Jim Joyce’s blown call with two outs in the ninth cost Armando Galarraga the 21st perfect game in major league history Wednesday, and the first by a Tiger.

Jim Joyce Missed Call Costs Armando Galaragga a Perfect Game

Tigers general manager Dave Dombrowski: “I wouldn’t get into telling you what I would do. That’s a private matter. He shouldn’t have missed it. It’s a shame for the kid.

Meanwhile, Keith Olbermann reports on his MLB.com blog today: Read more…

Padres: Big Cut In Beer Price, World Series Hopes

If you were an underfunded MLB owner with no fans and no future talent on the way because of a sub-par amateur scouting dept., what would you do to draw a crowd?

Padres Announcer Rick Sutcliffe Was Drunk On The Air

(Way ahead of ya)

If you’re the Padres, first thing would be to hire a broadcaster who last did an MLB game during Earth’s most recent episode of glaciation. Then you’d slash ballpark beer prices from an obscene to merely outrageous level.

Michael Stetz of the SAN DIEGO UNION-TRIBUNE has details on the desperate measure.

Read more…

City Of Milwaukee Pigeons Standing At The Ready

The Milwaukee Brewers announced today that a statue of Bud Selig is being cast and will be unveiled at Miller Park in August.

Bud Selig gives himself a statue at Miller Park

Whose idea was it? Tom Haudricourt of the MILWAUKEE JOURNAL-SENTINEL gives us a clue. Read more…

Panthers VP Hits On Fox Anchor During Interview

• Florida Panthers exec Uri Man shows what kind of man he his by hitting on Fox News anchor Ainsley Earhardt during an on-air interview.

Ainsley Earhardt Uri Man

Bud Selig softening on Pete Rose Hall of Fame ban? Don’t bet on it.

• Ladies & gentlemen, your 2009-10 Sacramento Kings Dance Team!

• And the Jeremy Mayfield meth mess goes on: NASCAR says they have witnesses that saw him do the drug.

• Just because “Zorn” rhymes with “porn”, that doesn’t mean the Redskins coach has ever wanted to seen any.

Read more…

Speed Read: All Bets Off On Rose Hall Of Fame Bid

If Vegas actually had a betting line on Pete Rose making it into the Baseball Hall of Fame, it would have probably been taken off the board for “suspicious activity” after the events of the last few days. The odds improved significantly when Henry Aaron - a close friend of Commissioner Bud Selig - mentioned to reporters that he’d like to see Rose in the Hall of Fame, leading to a report by the NEW YORK DAILY NEWS that Selig was “seriously considering” lifting Rose’s lifetime ban.

Bud Selig, Pete Rose

But if ESPN is correct, betting on seeing Rose anywhere in Cooperstown other than selling autographs at a card table might be a sucker bet. Their sources are saying that Selig is not considering reinstating Rose, leaving him to be happy with his place in the Soup Bowl Haircut Hall of Fame (alongside sartorial luminaries as Moe Howard, Chairman Mao and Jim Carrey from “Dumb and Dumber”).

Pete Rose in Vegas

Personally, I could care less one way or the other - at this point, the only way Rose actually makes it into the Hall of Fame is through the Veterans Committee, and they are chock full of grumpy old men who would keep people out of the Hall of Fame for not wearing suits and hats on their train rides during road trips, much less betting on baseball. The only person I feel sorry for is Ray Fosse, as he has to deal with a new round of awkward questions about Rose turning him into a tackling dummy and ruining his career.

All of which Rose finds pretty funny, I guess:

And speaking of “suspicious activity,” I guess you can go ahead and add The Big Security Threat to Shaquille O’Neal’s list of monikers. While appearing on “The Mike Wise Show” a few days ago to promote his stint tonight on WWE Raw, he asked the hosts if they thought he could get into the White House and meet President Barack Obama if he dropped in unannounced. DC SPORTS BOG has the answer, and it’s a resounding “No.”

Shaq actually tried it yesterday, as part of a bet (1,000 push-ups) with one of his handlers. While the guys at the front gate were “nice,” they weren’t going to let Shaq act like this is a Tonight Show episode from 1982, and he’s Bob Hope interrupting an interview between Johnny Carson and an 82-year-old shoe collector to do a walk-through on the way to his latest special. Between the economy, the Middle East and studying the White Sox roster to find Walt Weiss, President Obama might have better things to do.

As far as Raw is Shaq went: he hung out with a leprechaun:

…and then kissed a sweaty guy prone to bouts of irrational anger:

So yeah, I can’t imagine why they wouldn’t want him hanging around the Oval Office.

Finally, Jim Bunning might be a Hall of Fame pitcher, but it turns out that the Republican Party has no problem pulling him early and telling him to hit the showers. The WASHINGTON POST says that the Senator from Kentucky is bowing to pressure within his own party and will not run for re-election in 2010, a political fall from grace that would have been almost unthinkable a few years ago.

Jim Bunning

Of course, it turns out that openly discussing when a Supreme Court Justice with “the bad cancer” is going to die isn’t the savviest political move. And his “lousy” fundraising so far for the race - he only $376,000 in his war chest - isn’t helping matters either. Or the persistent rumors that he’s dealing with Alzheimer’s-related dementia - you know, the “bad dementia.” All of which adds up to his seat being widely considered as the most vulnerable in the 2010 elections, making him a problem the Republicans couldn’t ignore any longer.

So what happens to the 77-year-old Bunning? Perhaps a seat on the Veterans Committee - or at least a table at a card show next to Pete Rose.

Other sports news that happened while you were accidentally shooting three people with your brand-new Taser gun.

Which player eligible for the Baseball Hall of Fame for the first time in 2010 is most deserving?

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