Rocked by the loss of DH Victor Martinez to an off-season injury last week, the Tigers react by signing the most prominent free agent remaining on the market, 1B Prince Fielder. It takes a nine-year, $214 million contract to land the big slugger. The move is doubly surprising because Detroit was not rumored to be among the teams bidding for Prince, and because they already have one the game’s premium first basemen, Miguel Cabrera, signed to a long-term deal.

ByTom

Rocked by the loss of DH Victor Martinez to an off-season injury last week, the Tigers react by signing the most prominent free agent remaining on the market, 1B Prince Fielder. It takes a nine-year, $214 million contract to land the big slugger. The move is doubly surprising because Detroit was not rumored to be among the teams bidding for Prince, and because they already have one the game’s premium first basemen, Miguel Cabrera, signed to a long-term deal.

More than 20 bids are received for the Los Angeles Dodgers, who are being sold as a result of owner Frank McCourt’s costly divorce settlement with his wife Jamie. It’s a far cry from when McCourt was the sole bidder for the team in 2004 and underpaid through a highly-leveraged transaction: this time, the new owners will have a chance to auction the team’s broadcast rights for a huge payout. Prominent among the bidders are Mark Walter, CEO of a financial firm, who is allied with former NBA great Magic Johnson; multi-millionaire Steve Cohen, allied with former deputy Commissioner Steve Greenberg; real estate developer Rick Caruso, allied with former Dodgers manager Joe Torre; talk show host Larry King; Peter O’Malley, the team’s former owner; Allen Casden, another real estate tycoon, whose plan is to move the team to a downtown location while redeveloping the land around Dodger Stadium for housing; NBA owner Mark Cuban; and NHL owner Ron Burkle, a close friend of former President Bill Clinton.

ByTom

More than 20 bids are received for the Los Angeles Dodgers, who are being sold as a result of owner Frank McCourt’s costly divorce settlement with his wife Jamie. It’s a far cry from when McCourt was the sole bidder for the team in 2004 and underpaid through a highly-leveraged transaction: this time, the new owners will have a chance to auction the team’s broadcast rights for a huge payout. Prominent among the bidders are Mark Walter, CEO of a financial firm, who is allied with former NBA great Magic Johnson; multi-millionaire Steve Cohen, allied with former deputy Commissioner Steve Greenberg; real estate developer Rick Caruso, allied with former Dodgers manager Joe Torre; talk show host Larry King; Peter O’Malley, the team’s former owner; Allen Casden, another real estate tycoon, whose plan is to move the team to a downtown location while redeveloping the land around Dodger Stadium for housing; NBA owner Mark Cuban; and NHL owner Ron Burkle, a close friend of former President Bill Clinton.

In other signings today, the Giants agree to a two-year contract with star P Tim Lincecum for $40.5 million, avoiding a potential record payout via arbitration, and the Blue Jays add yet another veteran reliever, signing former Reds closer Francisco Cordero for one year.

ByTom

In other signings today, the Giants agree to a two-year contract with star P Tim Lincecum for $40.5 million, avoiding a potential record payout via arbitration, and the Blue Jays add yet another veteran reliever, signing former Reds closer Francisco Cordero for one year.