Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes Bruins, Celtics Headed In Opposite Directions How Key NBA Storylines Played Out This Year NBA Franchise Notes Mariners Financials Strong Despite Play
Upcoming Conferences and Events
SBD/March 29, 2012/Franchises
Guggenheim Baseball Management Expected To Invest Big In Dodgers' Payroll
Published March 29, 2012
BIG BUCKS, NO WHAMMIES: CSNBAYAREA.com's Andrew Baggarly noted the sale is "being heralded in SoCal as the rebirth of one of baseball’s jewel franchises." There is already a "current of thought that the Dodgers will look to make huge splashes in free agency this winter." There is usually "one team every winter that wants to make a huge splash." Baggarly: "Look at the Miami Marlins a few months ago" (CSNBAYAREA.com, 3/28). ESPN.com's Buster Olney wrote, "If you think that an ownership group that just agreed to spend about 2.5 times more than has ever been spent for any baseball team is going to keep the Dodgers' payroll among the row houses of baseball, well, you might also think that Frank McCourt is beloved in Los Angeles." With the investment return for Guggenheim Baseball Management coming "largely through television revenue," there will "never be an offseason in which the Dodgers' biggest acquisitions are No. 4 starters and utility men" under the new owners (ESPN.com, 3/28). In S.F., Henry Schulman cites an agent as saying not only did Giants P Matt Cain "just make more money, but every player did." The agent said, "It really shows how healthy and vibrant the industry is. Plus, every agent knows that the Dodgers are about to spend a lot of money" (S.F. CHRONICLE, 3/29). Dodgers co-Owner Stan Kasten's friends have said that he "believes in paying for stars -- and now he will be in Los Angeles, a town that craves stars." FOXSPORTS.com's Ken Rosenthal wrote Kasten "became frustrated during his tenure as president of the Washington Nationals when ownership declined to spend big." Rosenthal: "Rest assured, the Dodgers will not be bystanders when pitchers such as Cole Hamels and Matt Cain hit the open market next offseason" (FOXSPORTS.com, 3/28). In a Q&A with the L.A. TIMES' Bill Shaikin, Johnson said, "You'll see the team invest money. But Stan will have his plan, and [Dodgers controlling Owner & Guggenheim Partners CEO Mark Walter] and I will support that plan. ... I'm going to be out in the community, selling the team and selling the plan. When Stan sets the plan, we're going to execute it. Mark and I will make sure the business of the Dodgers gets handled" (L.A. TIMES, 3/29).
WITH POWER COMES GREAT RESPONSIBILITY: In L.A., Bill Plaschke writes as the "initial celebration fades and the close examination begins, Dodgers fans need to see proof that this dream team won't just turn into another nightmare." Johnson said yesterday, "You know I'm going to do this right. I would not be putting millions of my dollars into this if we weren't going to do it right." Plaschke writes, "The questioning started here with Johnson. Will he be more than just a new Dodgers face and voice? Will he have the freedom to help run the Dodgers with his considerable business acumen and competitive spirit?" Johnson confirmed that he has "already picked out a Dodger Stadium office and that, although he still has other business interests, this will be his main job and focus." Plaschke notes in promising to do things the right way, Johnson will "probably be the owner who will answer and explain when they are done wrong" (L.A. TIMES, 3/29). Also in L.A., Helene Elliott writes at “first blush, the group’s agreement to purchase the Dodgers for $2.15 billion is a win-win-win scenario all around.” Fans win because McCourt “goes away for the most part.” The sale price makes this deal “a huge win” for MLB, as it is the “largest price paid for a sports franchise.” But for this to be successful “where it matters most, the new owners must provide resources for the team to succeed on the field.” Finally, the owners “must restore the stability and class the Dodgers once exemplified but lost under their last two owners” (L.A. TIMES, 3/29). MLB Network's Tom Verducci said, “Immediately what they need to do is send a signal that Dodger Stadium is safe and secure for people to bring their families and enjoy a baseball game. That perception has been there, rightly or wrongly, (that) it has not been a welcoming atmosphere” ("Daily News Live," SportsNet N.Y., 3/28).
NO LOVE LOST: SI.com’s Lee Jenkins wrote the “best trade in the history of the Dodgers was made Monday night.” Johnson is “an emblem of L.A. in the ‘80s, Showtime at The Forum, Kirk Gibson at Chavez Ravine.” McCourt is an emblem of “America in the ‘00s, wannabes buying what they can’t afford, and waiting for someone to bail them out” (SI.com, 3/28). CBSSPORTS.com’s Ray Ratto wrote under the header, “Face Of The Dodgers? As Long As It’s Not McCourt, It’s All Good” (CBSSPORTS.com, 3/28).
TAKE BACK THE CITY: In California, Mark Whicker writes, "This story sort of wrecks the Angels' plans for market domination, although the market is certainly big enough for two warring galaxies." It also "changes perception." Anytime a Dodgers fan "had to wait three minutes for a hot dog, owner Frank McCourt got ripped, while the recent ticket fiasco at Angel Stadium was largely excused or ignored." Whicker: "The Teflon that encases [Angels Owner] Arte Moreno doesn't compare with the 32-year-old love affair Johnson and L.A. have shared" (ORANGE COUNTY REGISTER, 3/29).