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Dodgers divorce: McCourts reach settlement after 20 months

Jun 17, 2011, 11:11 AM EDT

McCourt Divorce Trial Continues With Ownership Of Dodgers In Contention Getty Images

Bill Shaikin of the Los Angeles Times reports that Frank and Jamie McCourt have finally reached a divorce settlement and an official announcement will come this afternoon.

They filed for divorce 20 months ago, turning ownership of the Dodgers into a huge question mark amid various ugliness and cash flow problems.

Of late reaching payroll every two weeks has been a major struggle and there’s an $8.33 million deferred compensation payment due to Manny Ramirez by June 30.

UPDATE: No so fast: Tim Brown of Yahoo! Sports reports that the settlement agreement is based upon MLB approving the Dodgers’ new television contract (and the influx of cash that comes attached) with FOX, which he describes as “a long shot.”

UPDATE #2: Shaikin confirms Brown’s report that everything hinges on MLB’s approval of the FOX deal and also has more details on the settlement, including that the two sides have agreed to a one-day trial where a Superior Court Judge will determine “whether the Dodgers belong solely to Frank McCourt or whether the team should be considered community property.” The latter would mean splitting the Dodgers 50-50, which Shaikin writes “would almost certainly result in the sale of the team.”

  1. boxchain - Jun 17, 2011 at 11:32 AM

    What are the details? I demand to know financial and personal information of people I don’t otherwise care about!

    • dlevalley - Jun 17, 2011 at 2:03 PM has the settlement agreement.

      Takeaways: (that aren’t mentioned above)
      Jamie and Frank each would walk away with $5 million from the Fox deal.
      Almost 40% of the Fox deal would be going to debt service, Jaime and Frank directly, or court-ordered holding account.

      My take: the Fox deal is designed to allow Jaime and Frank to walk away from the Dodgers debt-free, not to save the dodgers. Money from the deal is initially not allowed to go to entities owned by the Dodgers, which seems to me as a way to prevent all the money from immediately flying out the door to creditors.
      Whoever buys the dodgers (assuming the judge would order the sale) would be picking up a franchise in shambles and be hamstrung by an unconscionably Fox-friendly deal.

      • lanflfan - Jun 17, 2011 at 2:07 PM

        Yep, which is why MLB won’t approve the deal. Fans should absolutely riot at this insanely insulting and degrading “deal”. I’d egg his ass (with rotten eggs) if I ever got close enough.

  2. trevorb06 - Jun 17, 2011 at 11:40 AM

    Who gets the butler and house keeper? You can’t seperate them! Do they need counseling? I hope they don’t blame theirselves for this, its not their fault.

  3. cur68 - Jun 17, 2011 at 11:57 AM

    Just like the McCourts; base everything on a lousy financial deal that will barely cover their debts if at all. Woeful man.

  4. florida727 - Jun 17, 2011 at 1:55 PM

    I think this babe is pretty hot. I’d do her. When’s the divorce finalized? I can fly to LA by then…

    • patsandsox - Jun 17, 2011 at 3:57 PM

      Gross you are s sick person

    • takemytalentstosoutheuclid - Jun 18, 2011 at 7:38 AM

      She’s a man, baby!

  5. lanflfan - Jun 17, 2011 at 2:05 PM

    The hourglass is almost out of sand Frank.

    The fans are in full revolt at your atrocious lack of respect for us. MLB will not approve the deal. Not when you see a stadium that routinely draws 35k+ drawing about 20k. That doesn’t look good for baseball, and ol’ Bud $elig doesn’t like black eyes.

    You and the seahag can go back to Boston (if they’ll take you) and disappear.

    • patsandsox - Jun 17, 2011 at 3:58 PM

      No please dont send the seahag to us besides florida727 wants the wrinkled up old prune

  6. henryd3rd - Jun 17, 2011 at 2:06 PM

    This is such a wonderful feel good story. I am so glad that these two wonderful people have decided to settle their differences in a dignified manner. Unfortunately they destroyed their marriage and almost destroyed one of the flagship franchises in baseball in the process. Talk about airing ones’ dirty laundry in public this has got to be one of the worst breakups in Cali. Can someone please teach each one of these miscreants how to spell the word class?

    I truly feel sorry for Don Mattingly. He retired one year prior to the Yankees winning their first of four straight World Series. He has to see Manny Ramairez bring his sorry act to LA and then get suspended for excessive amounts of female hormones in his system. Then when he gets his chance to be a big league manager the owner’s almost implode the Dodgers with their nasty divorce proceedings.

    Durocher said it right, “nice guys finish last”.

  7. bjavie - Jun 17, 2011 at 4:24 PM

    Frank’s head is just insanely oblong. No wonder he doesn’t have much between the ears, there’s not room for anything.

  8. joeflaccosunibrow - Jun 17, 2011 at 6:33 PM

    Miss McCourt is suddenly the hottest woman in the USA!

  9. stankfinger - Jun 17, 2011 at 6:45 PM

    Can the judge just deport the both of them? Eminent Domain never looked so good.

  10. jrd8523 - Jun 18, 2011 at 5:07 AM

    I wish I could see Bud Seligs face when he picks up that phone to give McCourt the bad news. Bet he lights a cigar beforehand.

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