Magic Johnson group lands Dodgers for $2 billion

Posted: March 28, 2012

LOS ANGELES Dodgers owner Frank McCourt has announced an agreement to sell the bankrupt team for $2 billion to a group that includes former Lakers star Magic Johnson and former Atlanta Braves and Washington Nationals president Stan Kasten.

The agreement, announced Tuesday night about 5 hours after Major League Baseball owners approved three finalists for the auction, is to lead to a transfer of the team by the end of April. It is subject to approval in federal bankruptcy court.

Mark Walter, chief executive officer of the financial services firm Guggenheim Partners, would become the controlling owner. The price would be easily a record for a North American sports franchise.

As part of the agreement, the Dodgers said McCourt and "certain affiliates of the purchasers" would acquire the land surrounding Dodger Stadium for $150 million.

Noteworthy * 

New York Mets knuckleballer R.A. Dickey opens up in a revealing new biography, and he's ready for whatever comes next.

In "Wherever I May Wind Up: My Quest for Truth, Authenticity and the Perfect Knuckleball," Dickey writes about being sexually abused by a 13-year-old female baby sitter multiple times when he was 8, and also by a 17-year-old male on another occasion. He talks about contemplating suicide 6 years ago, and finding a syringe in a clubhouse bathroom when he was with the Texas Rangers in 2001.

Dickey put together the best 2 years of his career after the Mets gave the journeyman righthander a minor league deal in December 2009. He became one of New York's most dependable starters after he was promoted in May 2010, going 11-9 with a 2.84 ERA in 27 games, and was rewarded with a 2-year, $7.8 million contract.

Dickey's biography focuses on redemption, not only in his baseball career but also in his personal life. He writes about his troubled Tennessee childhood memories, which include multiple accounts of abuse.

* New York Yankees reliever Joba Chamberlain says he fully expects to recover from his trampoline injury and pitch in the majors this season. He is on crutches and will be in a cast for 6 weeks following last week's accident that left him with a dislocated right ankle. Chamberlain says he feels he let the team down. But he also says he's not second-guessing himself for playing with his 5-year-old son.

* Cincinnati righthander Mat Latos strained his left calf during a loss to the Cubs. The Reds said he was day-to-day.

* Milwaukee catcher Jonathan Lucroy agreed to a 5-year contract worth about $11 million.

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