Tag:Arn Tellem
Posted on: February 19, 2012 11:07 pm
Edited on: February 19, 2012 11:22 pm
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K-Rod contemplates lawsuit against former agents

By Matt Snyder

Brewers relief pitcher Francisco Rodriguez may file a lawsuit against his former agents, Paul Kinzer and Arn Tellem of Wasserman Media Group, reports Bob Nightengale of USA Today.

K-Rod and his attorneys allege that he was led to believe he had a no-trade clause that included 10 teams -- the Brewers being one of them -- by his agents when he initially signed a three-year contract with the Mets before the 2009 season. Instead, the former closer found out there was no such clause in July of last season. After realizing the omission, Rodriguez fired the agents and hired Scott Boras.

"They did something atrocious,'' Rodriguez's attorney Richard Johnson said (USAToday.com). "Their utter arrogance makes this so evil. It's like rear-ending somebody, but instead of stopping your car and trading insurance information, these guys blew up the car, took off, and ran away. They committed negligence, and turned it into a fraud case.''

Boras negotiated a $500,000 buyout out of K-Rod's vesting option for 2012, which was worth $17.5 million. He would have pretty easily finished enough games to make the option vest had he stayed with the Mets or been traded to a team that would use him as the closer. Instead, he accepted the buyout and was traded, eyeing a big free agent this deal in the offseason.

As the closer market dried up this past offseason, however -- not to mention the fact that Rodriguez had zero saves with the Brewers -- Rodriguez decided to accept arbitration from the Brewers instead of hitting the open market and ended up with a one-year, $8 million contract.

"He's going to lose a lot of money, the question is whether it's seven figures or eight figures,'' said Johnson(USAToday.com). "There's long-term damage to his career. He wasn't even in position to be marketed as a closer last winter. They really [messed] with his career in a monumental way.''

Had Rodriguez's contract contained the no-trade clause, he could have made sure he was in a closing situation -- perhaps having a great second half and setting himself up for a free agency offer from a team seeking a closer. Instead he'll remain in the setup role at least one more season.

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Posted on: February 9, 2012 12:57 pm
 

11 bidders for Dodgers revealed

By C. Trent Rosecrans

There are 11 groups that have advanced to the second round of bidding for the Dodgers, and the Los Angeles Times' Bill Shaikin has the entire list.

Here's Shaikin's list, taken from his story, with his notes on the bidders:
Magic Johnson/Stan Kasten: Could soon be joined by richest man in L.A., Dr. Patrick Soon-Shiong.

Rick Caruso/Joe Torre: Not out of the running in the Soon-Shiong sweepstakes.

Steven Cohen/Arn Tellem: Cohen about to invest $20 million in Mets, able to spend 75-100 times as much on Dodgers.

Stan Kroenke: Owner of NFL's St. Louis Rams could move L.A.'s football team back home.

Peter O'Malley: Former Dodgers owner backed by South Korean conglomerate E-Land.

Tony Ressler: Minority owner of Brewers has discussed partnership with O'Malley.

Leo Hindery/Tom Barrack: New York media executive has teamed with L.A. real estate investor and sportsman.

Stanley Gold/Disney family: That's the family of the late Roy Disney, Walt's nephew.

Jared Kushner: Publisher of New York Observer, son-in-law of Donald Trump.

Michael Heisley: Owner of NBA's Memphis Grizzlies hired Jerry West to run his team.

Alan Casden: USC Board of Trustees includes Dodgers bidders Casden, Caruso, Gold.
Shainkin writes that late bidders could still enter the field, but it appears to be set among this 11. Heisley, the owner of the Memphis Grizzlies also bid on the Cubs and the Minnesota Vikings of the NFL. The 75-year-old Chicago resident has said he'd be willing to sell the Grizzlies to a Memphis-based owner, but nobody has taken him up on it.

Shaikin has been the authority on the entire McCourt story and has just done amazing work. If you have the least bit of interest in the Dodgers' bidding and McCourt mess, he's a must-follow on the internet and on Twitter (@BillShaikin). I'm in awe of the work he's done on this story, as he's been ahead of the curve every step of the way and done some amazing reporting on the dollars, cents and sense of the entire story.

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Posted on: January 23, 2012 2:44 pm
 

Sorting through potential Dodgers bidders



By Matt Snyder


With the wildly unpopular Frank McCourt headed out the door, the Los Angeles Dodgers are for sale. Bids are actually due Monday and McCourt has agreed to make a decision by April 1.

Via Bill Shaikin of the Los Angeles Times, here is a list of the prospective bidders:

Magic Johnson/Stan Kasten: Kasten has been president of the Braves and is the Nationals' current president. And we all know what Magic means to L.A.

Joe Torre/Rick Caruso: The former Dodgers manager and current vice president of the MLB heads up the group.

Steven Cohen/Arn Tellem: Cohen, a hedge fund manager, is one of the richest men in America while Tellem is a high-profile agent.

Mark Cuban: The Dallas Mavericks owner finally got his championship last NBA season, so maybe it's time to get an MLB team? Note that he's tried in the past -- most famously with the Cubs -- to buy a team. It's just that past reports have indicated Bud Selig and several other owners don't want Cuban to join their club.

Tom Barrack: Shaikin reports Barrack has owned a japanese baseball team and a french soccer team in the past.

Ron Burkle: While he can't match Cohen, Burkle is also a member of the Forbes 400, sporting an estimated net worth of $3.2 billion. He's a part owner of the NHL's Pittsburgh Penguins.

Stanley Gold/Disney family: Gold is the president and CEO of Disney's private investment company. The Disney name doesn't really need any further explanation.

Peter O'Malley: The former Dodgers owner apparently wants back in.

Tony Ressler: He's an investor and minority owner of the Brewers.

Dennis Gilbert: The former agent lost out on the bidding for the Rangers.

Alan Casden: He's a self-made real estate developer in Beverly Hills, so that seems like a good fit. Shaikin reports, however, that "MLB wasn't comfortable" with Casden last time he placed a bid on the club.

Tom Golisano: He used to own the Buffalo Sabres of the NHL.

Fred Claire: He was the GM of the Dodgers from 1987-1998.

Steve Garvey/Orel Hershiser: Baseball fans are obviously familiar with the Dodgers connection here.

Fox or Time Warner: We know the TV money is big, but Shaikin reports neither group really wants the team -- they just don't want the other side to buy the team. So each might bid. Try untangling that web of logic.

The Field: The bidding process is not public, so it wouldn't be a total shock of the eventual Dodgers owner was a group or person not on this list.

While it's hard to tell how this entire process will shake out, it has to be a relief to Major League Baseball and Dodgers fans that the next owner is simply going to be ABFM (Anyone But Frank McCourt).

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