MLB rejects Dodgers' TV deal

[marmar]

Just days after Frank and Jamie McCourt agreed on a divorce settlement, Major League Baseball rejected a proposed television contract for the Los Angeles Dodgers that was a lynchpin of the deal.

The TV deal has been reported to be worth $3 billion and Frank McCourt would receive $385 million upfront. That money was critical to the financial health of the Dodgers. MLB's action nullifies the divorce settlement, sending the McCourts back to the drawing table and thrusts the Dodgers into limbo.

MLB issued a statement explaining the decision.

"This decision was reached after a full and careful consideration of the terms of the proposed transaction and the club's current circumstances," commissioner Bud Selig said in a statement. "It is my conclusion that this proposed transaction with FOX would not be in the best interests of the Los Angeles Dodgers franchise, the game of Baseball and the millions of loyal fans of this historic club." ...........(more)

The complete piece is at: http://sports.espn.go.com/los-angeles/mlb/news/story?id=6682302