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Monday, April 16, 2012

Bill Shaikin: Dodgers are about to become baseball’s new money

And so it was that, when all the shouting was over Friday night, U.S. Bankruptcy Judge Kevin Gross held aloft the document he had to sign to approve the sale of the Dodgers.
“I was looking in the order for language that says they can’t sign Cole Hamels,” Gross said. “I couldn’t find it, but I may still insert it.”

Turns out that, without his robe and gavel, Gross is just another fan nervous at the prospect that the Dodgers are about to become baseball’s latest economic superpower.

Magic Johnson and Co. bought the Dodgers for $2 billion, with the team on the verge of a television deal worth $4 billion — or more. In that financial stratosphere, the Dodgers could lavish $20 million a year on Hamels next winter and call it petty cash.

 

Tripon Posted: April 16, 2012 at 04:27 PM | 4 comment(s) Login to Bookmark
  Tags: dodgers, rumors

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   1. TerpNats Posted: April 16, 2012 at 05:29 PM (#4108202)
The 2001-2008 Yankees can vouch for the overwhelming power of cash.
   2. The Yankee Clapper Posted: April 16, 2012 at 06:20 PM (#4108270)
There may be a lot of money floating around but question is how quickly do new owners want a return on their rather large investment. Are they willing to invest as needed for on-field success, or will they cash the TV checks and not worry about much else?
   3. Willie Mayspedes Posted: April 16, 2012 at 07:47 PM (#4108356)
I thought the Angels already took the market share once they got CJ Wilson?
   4. boteman Posted: April 16, 2012 at 11:24 PM (#4108562)
I thought the Angels already took the market share once they got CJ Wilson?

That was Poo-Holes.

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