From Comcast SportsNet LOS ANGELES (AP) -- Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sport's most storied franchises, ending a seven-year run that included four trips to the postseason before recently becoming mired in legal troubles capped by a filing for bankruptcy protection. A joint statement said there will be a "court-supervised process" to sell the team and its media rights to maximize value for the Dodgers and McCourt. The Blackstone Group LP will manage the sale, which could include Dodger Stadium and the surrounding parking lots. The announcement came as the Dodgers and MLB were headed toward a showdown in U.S. Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB took control of day-to-day operation of the team in April over concerns about the team's finances and the way it was being run. McCourt apparently realized a sale of the team he vowed never to give up was in his best interest and that of the fans. "There comes a point in time when you say, It's time,'" said a person familiar with the situation who requested anonymity because details of the negotiations had not been made public. "He came to that realization at the end of today." McCourt filed for bankruptcy protection in June after the league rejected a 17-year TV contract with Fox, reported to be worth up to 3 billion, that he needed to keep the team afloat. Selig noted that almost half of an immediate 385 million payment would have been diverted from the Dodgers to McCourt. The franchise's demise grew out of Frank McCourt's protracted divorce with Jamie McCourt and the couple's dispute over the ownership of the team. The divorce, which played out in public in court, highlighted decadent spending on mansions and beach homes and using the team as if it were their personal credit card. They took out more than 100 million in loans from Dodgers-related businesses for their own use, according to divorce documents. In bankruptcy filings, attorneys for MLB said McCourt "looted" more than 180 million in revenues from the club for personal use and other business unrelated to the team. "The Dodgers are in bankruptcy because Mr. McCourt has taken almost 190 million out of the club and has completely alienated the Dodgers' fan base," the baseball attorneys wrote. As the former couple continued to fight over ownership of the team, the Dodgers' home opener against the rival San Francisco Giants kicked off a year of even worse publicity. A Giants fan, Bryan Stow, was nearly beaten to death in the parking lot. Stow's family has sued the Dodgers, and his attorney said medical bills could reach 50 million. In the outpouring of public sympathy, attention focused on cutbacks in security at Dodger stadium and fans turned their animosity toward Frank McCourt. Scores of police were dispatched to patrol the stadium after the attack. Dodgers attorneys claimed Selig deliberately starved the club of cash and destroyed its reputation in a bid to seize control of the team and force its sale. "As the commissioner knows and as our legal documents have clearly shown, he approved and praised the structure of the team about which he belatedly complains," the team said in a statement. The team was asking Judge Kevin Gross in Delaware to approve an auction of the team's television rights as the best path to exit bankruptcy. But the league wanted to file a reorganization that called for the team to be sold. Last month, Jamie McCourt cut a deal with her ex-husband to settle their dispute over ownership of the team they bought in 2004 for about 430 million. The terms of the settlement between the McCourts weren't disclosed publicly, but a person familiar with it who requested anonymity because it's not meant to be public told The Associated Press that Jamie McCourt would receive about 130 million. She also would support the media rights deal worth up to 3 billion. That removed her from the number of opponents Frank McCourt was facing in bankruptcy court because Jamie McCourt had initially lined up behind MLB and Fox in asking the bankruptcy court to reject his bid to auction Dodgers television rights. All the bad publicity appeared to drive fans away. There was a 21 percent drop in home attendance from last season and it was the first time in a non-strike year since 1992 that the Dodgers drew fewer than 3 million people. A new owner would be the third since Peter O'Malley sold the team to News Corp. in 1998. The Dodgers had remained in the O'Malley family since Walter O'Malley moved the team from Brooklyn to Los Angeles in 1958. The Dodgers finished this season with an 82-79 record.
In case you missed it this morning, ESPN's Tim McMahon and Bobby Marks collaborated on an excellent piece detailing how the irresponsible spending by NBA teams last summer could impact a star-studded free agent class in 2018.
Which is music to the ears of Bulls' front office executives John Paxson and Gar Forman, who are hoping to be a major player on the free agent market next year.
The ESPN report projected only nine teams having cap space to bid on a free agent class that could include Kevin Durant, LeBron James, Russell Westbrook, Paul George, DeMarcus Cousins, Chris Paul, Isaiah Thomas, Carmelo Anthony, DeAndre Jordan, LaMarcus Aldridge, Avery Bradley, Brook Lopez, Kentavious Caldwell-Pope, Wilson Chandler, Danny Green, Enes Kanter and Greg Monroe, along with restricted free agents like Nikola Jokic, Joel Embiid, Andrew Wiggins, Jabari Parker, Gary Harris, Jusuf Nurkic, Marcus Smart, Rodney Hood, Julius Randle, Dante Exum, Aaron Gordon and Clint Capela.
Bad summer not to have any spending money.
But that's exactly what Paxson and Forman were anticipating when they chose not to get involved in the reckless spending triggered by the league's new TV deal last summer. We all know about some of the terrible contracts handed out including a four-year, $72 million deal to Joakim Noah, four years, $64 million for Timofey Mozgov and Portland spending almost $150 million to lock up reserves Allen Crabbe and Evan Turner for four years.
The Bulls signed Dwyane Wade, Rajon Rondo and Isaiah Canaan last summer, but avoided any salary commitment beyond two years. Both Rondo and Canaan were bought out of the team options the Bulls held for next season.
Meanwhile, the Trail Blazers are now in such a deep luxury tax hole that they basically gave Crabbe away in a trade with Brooklyn earlier this week, immediately waiving the player they got back, power forward Andrew Nicholson, under the league's stretch provision. Portland figures to be one of at least 10 teams paying the luxury tax for the 2018-19 season.
I know what many of you are thinking, "Why will 2018 free agency be any different than in years past?" Yes, the Bulls missed out on primary targets James, Wade and Chris Bosh in 2010, and they failed to land Anthony in 2014. But with so many teams capped out, the Bulls will face less competition in pursuing the players they want most next summer.
We've all heard the rumors about James wanting to finish his career in L.A., and it's unlikely Durant, Westbrook, George or Paul would have any interest in coming to Chicago. But the Bulls could get significantly better right away in a weakened Eastern Conference by adding one or two players from a list of unrestricted free agents that could be looking for a new situation, including Cousins, Jordan, Bradley, Thomas, Caldwell-Pope, Kanter, Chandler and Green. They also could use their cap space to make a massive cap offer to a restricted free agent whose team is already in the luxury tax.
Of course, the Bulls have decisions to make with their own roster as well. They still haven't re-signed Niko Mirotic, and any contract beyond one season will reduce their cap space next summer. Plus, the key player coming back in the Jimmy Butler deal, shooting guard Zach LaVine, will be a restricted free agent next summer, and if he comes back 100 percent from ACL surgery, could command a multi-year contract starting at $20 million or more.
The Bulls have contract options on the rookie deals of Bobby Portis, Kris Dunn, Cam Payne, Jerian Grant, Denzel Valentine and Lauri Markkanen, while Paul Zipser's $1.5 million salary is not guaranteed for 2018-19.
Paxson said the Bulls are committed to re-building through the draft, and the hope is they'll wind up with a top 3 pick after next year's lottery to grab a franchise changing talent like Missouri's Michael Porter, Jr., International star Luka Doncic and 7-footers DeAndre Ayton of Arizona and Mohamed Bamba of Texas.
Looking at the big picture, if LaVine comes back 100 percent, Dunn emerges as a legit starting point guard and Markkanen shows potential as a stretch 4, the Bulls rebuild could move quickly. Adding one of the top players in next year's draft would be the first step, then Paxson and Forman would be armed with somewhere between $40-50 million dollars in cap space to pursue an impact free agent or two.
Bulls fans remember how long it took to re-build the team after the end of the Jordan era in 1998. Jerry Krause couldn't land a major free agent, and the Tyson Chandler-Eddy Curry experiment failed badly.
Let's hope Paxson and Forman have more luck this time around. At least they'll have a built-in advantage when the 2018 free agent market opens for business next July with the Bulls projected to have more cap space available than any other team in the league.
BOURBONNAIS, Ill. — Kevin White isn’t taking his ability to play football for granted anymore, not after missing 28 of the Bears’ 32 games since he was drafted seventh overall in 2015. This is supposed to be fun, White said, even though these last two years couldn’t have been much fun for him.
So with training camp underway at Olivet Nazarene University, White isn’t putting any added pressure on himself in a year that could determine whether or not he gets labeled a bust.
“I don’t look at this as a job,” White said. “I think it takes the fun away from it. So I would just look at it as it’s a game. I love to play it, just getting paid to do it. But it was fun to be back out there with the guys and rallying together and going out there to compete.”
White looked solid in the Bears’ first training camp practice of 2017, which was a promising start for the 6-foot-3, 216 pound West Virginia product. But that’s a small step that won’t hold much significance unless White can string a few good practices together, and then eventually turn those practices into productive games.
The good news is the Bears don’t have any restrictions on White and aren’t planning on giving him any additional rest days during training camp.
“He’s ready to go,” general manager Ryan Pace said. “He’s had a great summer, a great offseason, so he’s ready to go. You can just feel his confidence gaining, knowledge of the offense and just being comfortable with his body. He’s pretty much unleashed.”
The bad news is until White proves he can play a full season, questions will remain about his durability. Since being drafted, White has dealt with a fractured left tibia and a severe ankle sprain that resulted in a spiral fracture of his fibula. Those two severe injuries mean we don’t really know what White can do — the four games he played last year were perhaps nothing more than an incomplete glimpse.
White had the third-lowest average yards per target (5.19) among receivers with at least 35 targets last year, which couldn’t have been what the Bears envisioned when they invested a top-10 pick in him. This is a guy who had 1,447 yards and 10 touchdowns in his final year at West Virginia, after all.
The Bears still believe White can be a go-to target opposite the budding Cam Meredith and in conjunction with the trio of veterans (Markus Wheaton, Kendall Wright, Victor Cruz) they signed in the spring.
“We all can do whatever the coaches put us in position to do,” White said. “I do have a lot of confidence (in) us.”
But from a larger view, the Bears need White succeed so they won’t have to re-draft a player at his position, or at least be tempted to deviate from their best-player-available strategy. Doing so would be a blow to Pace’s efforts to build through the draft, a process that’s also, notably, seen the additions of Cody Whitehair, Jordan Howard, Mitch Trubisky and Adam Shaheen on offense.
For White to fulfill those big-picture hopes, though, he’ll have to start small — like with Thursday’s practice. Saturday’s practice will be the first time White will take contact since Week 4 of the 2016 season, and the Aug. 10 preseason opener will be his first game action since then, too.
“It’s hard to get better at something if you don’t practice it,” coach John Fox said. “So getting a string of practices, getting him out there and developing his skill set. He’s got plenty of athletic ability. That’s why he was picked where he was. Now it’s just getting out there and improving (his) skillset.”
White’s love of the game wasn’t marred by the frustration of his first two years in Chicago, though. In fact, the opposite happened.
“You get something taken away from you a little bit, you enjoy it more,” White said.