What Are The Dodgers Worth--The Courts and McCourts
What are the Los Angeles Dodgers worth? The question will now doubt be decided in a court room some time later this year. There seems to be a little disagreement between the McCourts as to what the team is worth. Jaime feels the team and associated holdings are worth about $833 million while Frank argues that the package is worth closer to $163 million.
Giants fans have to really be laughing about this troubling situation in the land of Blue. The court proceedings have hamstrung the Dodger activities during the off-season. Not only have the Dodgers dumped payroll, they have failed to be very active in the free agent market. There big signings have been for journeyman players. Their pitching staff is a major concern after loosing Randy Wolf who was their most consistent pitcher during 2009.
One "player" who is still seeking arbitration is Jaime McCourt herself. She is asking for a raise from her current $488,000 a month to $988,000 a month. This will no doubt be a drain on the Dodgers going forward if the court finds in her favor. The Dodgers will basically have $12 million dollar player that can not hit or pitch. (ok, the Giants have had a few of those also).
As to the value of the Dodger organization itself, Frank McCourt seems to be doing quite a soft shoe dance regarding the worth. Not only does the package include the team itself, it also includes Dodger Stadium and surrounding real estate. Jaime's lawyers contend that Frank valued the holdings at $833 million just in the last year, but has filed papers in court estimating his worth at $163 million. I know first hand that real estate has taken a beating in LA--but this is ridiculous.
Let's all root for good old Jaime. She has done more to beat the Dodgers than Lincecum and Sandoval combined. After all, how can a girl get by on just $488,000 a month? You go girl!
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