April 3, 2012 |
Frank McCourt threw quite a few pitches at the bidders for the Dodgers. One of those pitches: You're not buying a team locked into hundreds of millions in salaries for the next few years. You can shape the payroll any way you like. As the Dodgers headed into the winter, they had one player under contract for 2014 -- pitcher Chad Billingsley, at $12 million. In contrast, the Boston Red Sox had committed $94 million to six players for 2014 -- first baseman Adrian Gonzalez, second baseman Dustin Pedroia, outfielder Carl Crawford and pitchers Josh Beckett, Clay Buchholz and John Lackey.
September 18, 2013 |
Bud Selig insists he will retire as baseball's commissioner after next season. He says he might like to teach college classes, to study history, to write his memoirs. He could be a distinguished guest speaker in just about any college class -- except, perhaps, at the McCourt School of Public Policy at Georgetown University. Frank McCourt, who sold the Dodgers for a record $2.15 billion last year, has donated $100 million toward the school, the Washington Post reported Wednesday.
September 20, 2012 |
All bummed are you that since Frank McCourt sold the Dodgers for a record $2.15 billion - and kept half the parking lots! - he's disappeared from public view? Thought not. I, of course, miss him so. He was good for at least four easy posts a week. Now that he's a billionaire, doing whatever billionaires do, you're hoping he keeps doing it. Just as long as he stays away from the Southern California sports scene. Which is not to say he doesn't continue to have significant impact on Los Angeles professional sports.
June 14, 2013
It doesn't say much for the intelligence of Guggenheim Management, the owner of the Dodgers, when Frank McCourt turned out to be the smartest guy in the room. Guggenheim, I have a house I'd like to sell you. It was appraised for $1 million, but I'll let you have it for a million four. There is one condition, however. I keep the garage and the land under it, and you pay me $50,000 per year for the right to park in the garage. You'd better move fast, Guggenheim, before other interested parties emerge.
April 22, 2013 |
Frank McCourt has paid more than $460 million in state and federal taxes related to the sale of the Dodgers, one of his attorneys said Monday. McCourt sold the Dodgers for $2.15 billion last year in a transaction in which Guggenheim Baseball Management bought the team, Dodger Stadium and a 50% stake in the parking lots surrounding the stadium. McCourt retained a 50% stake in the parking lots. As part of the transaction, Guggenheim assumed $412 million in team debts, according to documents filed in U.S. Bankruptcy Court.
July 25, 2009
Re "Frank McCourt, 1930-2009: Late-blooming author of 'Angela's Ashes,' " Obituary, July 20 With Frank McCourt's passing, we have lost not only a great author but a great friend to teachers everywhere. When his book, "Teacher Man," came out, I went to hear him read at a local bookstore. I will never forget his hilarious description of his torturous days as a new teacher and his first words to a class: "Stop throwing sandwiches." When I got to the front of a very long line to have my book signed, I told him that I had taught seventh-grade English for 30 years.