This past season, the drama off the field at Chavez Ravine engulfed what happened on the diamond. Baseball fans were more concerned about divorce proceedings than the team's record. Frank McCourt over the season, has been able to do something that no losing Dodger team has been able to do in the history of the franchise and that's keep fans away from Dodger stadium.
McCourt took the Dodgers into Bankruptcy protection and has been fighting the Commissioner Bud Selig and his ex-wife, Jamie McCourt for control of the team. McCourt entered Bankruptcy with the hopes of being able to sell the TV rights and receive an upfront lump of cash to pay off debtors and keep the team afloat.
Last week, he finally reached an agreement with his ex-wife Jamie McCourt that would pay her $130mm in exchange for her share of the Dodgers.
But that was just the battle leading up to the war when he was set to square off against MLB next week in court. McCourt has broken all of the “Boys code” among baseball owners as he has been airing the dirty laundry of MLB. The court hearing was going to focus on whether McCourt could sell the TV rights over the objection of FOX and MLB with the commissioner asking the court to force McCourt to sell the Dodgers. MLB also accused McCourt of taking $190 million from the Dodgers for personal use.
Today, U.S. Bankruptcy Judge Kevin Gross issued an order saying that those hearings will now take place from Nov. 29 to Dec. 2. Speculation immediately started to fly about a possible settlement as reports surfaced of McCourt being in New York yesterday, which also happens to be where MLB headquarters is located. Bill Shaikin of the LA Times later confirmed the rumors that McCourt and MLB did meet on Tuesday and discussed a possible settlement.
Settlement talks, though only at the infant stage could mean that McCourt realizes that he won't win the court hearing in November or it could mean that he thinks Selig will overpay him to leave baseball.
Many people in baseball believe the Dodgers could be sold for $1 billion to $1.5 billion.
No matter what happens in the upcoming weeks, the McCourt era in Los Angeles may be coming to a close.