Originally written on isportsweb.com  |  Last updated 1/24/12

Dodgers owner Frank McCourt can't sell the team fast enough as far as Dodgers fans are concerned. (photo LA Times)

I’ve got some bad news for you. If you were planning to buy the Los Angeles Dodgers, you may have missed the boat.  Monday was the “soft deadline”  to put your money where your mouth is and make a serious offer to purchase the team from current owner Frank McCourt. By “soft” it means  bankers can still pass along any future bid they consider legitimate.

McCourt, who paid about $430 million for the team in 2004, said he received “more than 10 bids” to buy the historic franchise from him. Reports are the bidding price could go as high as $1.5 billion dollars. Most of the bidders announced Monday were previously reported to be serious about taking over the team.

There were many names familiar to both Dodgers fans and non-fans alike. Current Dallas Mavericks owner Mark Cuban, former Dodgers manager Joe Torre, and former Lakers star Magic Johnson all followed through on earlier reports they had the necessary financial backing. Former Dodgers owner Peter O’Malley was also on the list. His foray into the process came as a bit of a surprise.

The much-beloved O’Malley was the rare breed of owner who made the bulk of his money from the team.  He somewhat reluctantly sold the Dodgers to FOX in1998 stating the game had changed to the point an individual could no longer afford a team and only entities with multiple revenue streams could handle baseball’s economic realities.

O’Malley’s potential winning bid brings with it one caveat Dodgers fans may not like. He never embraced free agency as so many other successful teams did. O’Malley stuck to his belief of building from within. Fans were disappointed when he let fan favorites such as Steve Garvey and Ron Cey walk away when their contracts expired.  Both had productive years after their Dodgers tenure and Cey has commented to me he was disappointed the team let economics break up the core of a team with some gas still in the tank.

The one time O’Malley did decide to take a major step into the free agency realm, it turned into a nightmare. The Dodgers signed Los Angeles native Darryl Strawberry to a five year, $20 million deal in 1991. Strawberry delivered that year with 28 home runs and 99 RBI. But a series of injuries and arrests saw Strawberry play in only 75 games over the next two years. The final straw, so to speak, came in 1994 after Strawberry went AWOL after the final spring training game. Strawberry’s drug issue came to light and the Dodgers released him. Unfortunately, Strawberry’s contract forced O’Malley to fork over almost $5 million more to the beleaguered superstar.

Other bidders include financier Steve Cohen, who made a play for the Mets some time back, a group that includes members of the Disney family, former sports agent Dennis Gilbert, and another Wall Street moneymaker, Marc Utay. Like Cuban, Utay made a run at the Chicago Cubs in 2008. Rumors surround current St. Louis Rams owner Stan Kronke who recently announced he was exploring a bid. There has not yet been confirmation  Kronke made it official on Monday.

The bid amounts are not etched in concrete at this point. The scuttlebutt is many investors bid a lot higher than what they actually want to pay. There will probably be much negotiating the next few months with a new owner ready to take helm by April 6th.

 

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Ronda Rousey knocks out Bethe Correia in 34 seconds

Von Miller earns dismissal from NFL’s drug program

Ian Kennedy watches birth of daughter on FaceTime before start

Matt Williams wants Bryce Harper to stop getting ejected

Five most underrated players in the NFL

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Larry Lucchino stepping down as Red Sox CEO

Las Vegas Mob Museum to open FIFA corruption exhibit

Does NFL have a motive to settle with Tom Brady?

Big Ten coaches opposed to 9-game conference schedule

Winners and losers of the 2015 MLB trade deadline

Hill arrested for reckless driving, clocked going 107 mph

Danny Garcia beats Paulie Malignaggi, remains undefeated

Bobby Wagner, Seahawks agree to contract extension

Blount won't talk about reported failed conditioning test

Greg Hardy helps pay Cowboys fans to fly anti-Eagles banner

Report: 7-foot Aussie center to join Kentucky's 2015 class

Eagles trade CB Brandon Boykin to Steelers

Jack Del Rio: Crabtree ‘stood out’ at first Raiders camp practice

Browns owner: ‘We haven’t given up on Johnny Manziel’

Junior Seau’s daughter will speak at Hall of Fame induction

Golden State Warriors: the rich get richer

NFL, Brady could settle to avoid appeal documents going public

Miguel Herrera apologizes for costly Philly airport fight

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Five most underrated players in the NFL

Five potential NFL salary cap casualties this preseason

Winners and losers of the 2015 MLB trade deadline

Pirates do Pirates at deadline: Neat little moves

Mets acquire Cespedes from Tigers

Ranking the NFL’s 32 head coaches

Five worst baseball trades since 2000

Examining the state of the NFL

Puig: Broke out of slump by playing baseball video games

Braves dump risk, exchange it for risk

David Price traded to Blue Jays

The indefensible Hulk Hogan

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker