Los Angeles Dodgers owners Frank and Jamie McCourt were in an LA courtroom today saying they have agreed to a divorce settlement that could potentially take the team out of ownership limbo. But as usual in this case it doesn’t come without a big question mark. According to the LA Times, the deal hinges on Major League Baseball approving Frank McCourt’s multiyear TV deal with Fox that is worth as much as $3 billion, cash that would allow him to meet his team’s payroll obligations and give him the stability to retake financial control of the franchise, which right now is being handled by the league during all of this mess. The Fox deal calls for a $385 million upfront loan to McCourt to handle the Dodgers’ immediate money problems, Bloomberg reports. Here’s the problem, though: the league is hesitant to approve any TV contract in case the Dodgers need to be sold as part of a community property divorce settlement, worried any TV deal signed to now could be undervalued for the new owners. Frank McCourt has said that the league is stalling on purpose to force him out.
Here’s how this will work: Under the terms of today’s settlement agreement, there will be a one-day trial August 4th to determine whether Frank McCourt owns the team outright. If not, the Dodgers become community property and would almost have to be sold as part of a 50-50 asset split. If Frank McCourt wins, Jamie gets $100 million, their houses and indemnity from tax liability, and Frank gets to be sole owner (on paper, anyway). But the fact remains that if MLB doesn’t approve the TV contract, there’s no settlement, and everybody goes back to square one. And MLB doesn’t seem to be budging.


No matter how this is legally resolved…McCourt is finished as the owner of the Dodgers. Unless the team miraculously wins the World Series this year while under McCourt’s ownership…the rift between Frank and the Dodger fans is too big and too costly to survive.
As long as McCourt remains involved…the Dodgers are toast.
They currently hold the #1 spot for the largest drop per team per game in attendance in all of MLB.
Tom, you hit the nail right on the head. That guy and his now ex-wife used the team as leverage to build their lifestyle and now it’s coming back to bite both of them in the rear ends. McCourt is a horrible owner and I’m not even a Dodgers fan, but I hate to see a good franchise like the Dodgers get swallowed up by this idiot and his stupid management of this team. Either way, Jamie wins bigtime in this case and hoping they get new ownership there soon.
actually mr. clampett, you’ve been repeatedly struck on your (pin) head. fans don’t care about ownership or the front office. jed, sir, you are a perfect idiot. just a really, really dumb dude.
Hey Jed Weiner,
Fans care about winning, but if they don’t love and respect their team (front office) watch how they flee like rats on a sinking ship when they are no longer winners.
Does Al Davis and the Los Angeles Raiders (at that time still the winningest percentage record in all of pro sports franchise history) ring a bell? No one, and I mean no one was attending games proportionate to their losing combined with Al Davis’s outrageous behavior…and I should know…I could not GIVEAWAY great seats the last few years they were here.
So, please, don’t call people ‘a perfect idiot’ even if their point of view is not yours…and, in this case he is correct.
The Raiders still have many fans angry at them for leaving Oakland, and the current attendance and fan support have not been close to what they once were before they bolted from Oakland.
The Weiner is right, Massengill-face. The fans care ONLY about winning, full stop rumpus-breath.
Do you even live in Los Angeles to know what you’re talking about? Dodgers fans HATE Frank McCourt. Fans were positively giddy when it was announced MLB was wresting control of the team from him.
The McCourts looted the team to support their lavish lifestyle, then accuse Bud Selig of having a predetermined agenda to get rid of them. Well, DUH! How many chances to loot the team SHOULD they get??? The Fox deal merely gives them a new pot of money to squander. Say NO. Sell the team, and get the hell out of L.A.
All of this is moot. Frank is losing the team June 30th when he will fail to come up with $30 million to satisfy pay roll. Thank you Manny Ramirez and your deferred salary!!
ROOTING4 THE BEST 4THE McCOURTS #BELIEVING THE DODGERS BEST CHANCE OF BEING STRONGER THAN EVER IS2 GO W/ A WELL FINANCED WEALTHY OWNER LIKE PETER GUBER THAT HAS A PASSION4 EXCELLENCE&WINNING THAT IS INFECTIOUS & THE TRACK RECORD IN SPORTS FRANCHISE OWNERSHIP TO BACK IT UP
The real deal and value are distirbution rights for media. To make an extended long term deal is completely undercutting the unforseen revenue. McCourt only wants to cover his ass. Fox is delighted to pay 3 billion for this deal, because they know it is worth many times more before the ink is dry and McMcourt has spent his first traunch of cash. Instead of buiding a Dodger network not unlike YES-Yankees or MASN -Orioles and Nationals. McCourt was building up debt. MLB and the owners cannot let these greedy idots sell the fanchise down the river for years to come with a FOX media deal. Mannywood lives on!
Now here is the baseball movie I am waiting for. Conflict of interest (Fox sold the team to the McCourts and loaned them the balance to pay for it), divorce (fans v. Dodgers; McCourt v. McCourt), betrayal (Selig in about any decision he makes), etc.
Cast Brad Pitt as Rupert Murdoch, Kevin Spacey as Frank McCourt, and Jonah Hill as Jamie McCourt. Aaron Sorkin auto-plagiarizes the screenplay.