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The Dodgers will pay Frank McCourt’s company $14 million a year to rent parking lots

May 5, 2012, 9:18 AM EDT

File photo of Frank McCourt leaving Stanley Mosk Courthouse after testifying during his divorce trial in Los Angeles

Matt Kemp will begin making $20 million a year next season. The Dodgers second-highest obligation? Frank McCourt! Or at least his company, which will get $14 million a year from the team for rent on the parking lots surrounding Dodger Stadium.

How much of that actually goes to McCourt is not clear — others own the company that owns the parking lots along with him — but suffice it to say, he’ll be making millions off the Dodgers, basically indefinitely.

Bill Shaikin has the details of the land use agreement which was part of the team’s sale but which, due to some legal wrangling over their confidentiality, were not known before now. I imagine the amount of lucre that McCourt is making despite his feckless management of the Dodgers is the sort of thing everyone would want to keep quiet as long as they can. I’d be embarrassed anyway.

McCourt got rich off parking lots in Boston. He was an abject failure as the owner of a baseball team.  He’s going to make what amounts to a separate, independent fortune off parking lots in L.A.  He’s a walking embodiment of the Peter Principle.

  1. natsattack - May 5, 2012 at 9:20 AM

    Hate this guy.

  2. vader7176 - May 5, 2012 at 9:51 AM

    McCourt is the walking embodiment of e everything wrong with our government AND the private sector. Incompetence and the desire to make money for money’s sake and when you screw up you get rewarded. This is found with those from the top down. Everybody thinks welfare is given to trailer park types only, but the law actually helps deadbeats in all social classes. Did Mcourt take taxpayers money? Maybe not directly. Did Warren Sapp? No. But the laws made by the same people who allow millionaires to pay a smaller percent of income tax than a school teacher. To quote Dennis Miller “it’s just my opinion I could be wrong”.

  3. cincycoltsfan - May 5, 2012 at 9:53 AM

    Crap. I should’ve been a parking lot owner in Boston. Who knew you could buy the Dodgers with no $ down and then sell them for $2B. Genius

  4. paperlions - May 5, 2012 at 10:01 AM

    Like him or not, as currently constructed, McCourt is what the US business model calls a good businessman…because even when he completely fucks up, he somehow winds up making millions of dollars. You can’t be mad at McCourt, this is the system that big business has spent billions of dollars paying off politicians to get installed over the last few decades….everything in US business is about gaming the system and creating legal avenues to make money via wielding power rather than by providing goods or services.

    • georgia - May 5, 2012 at 10:36 AM

      Don’t you dare use logic on us! He’s just so easy to dislike!

      • paperlions - May 5, 2012 at 10:44 AM

        Oh, he’s a giant jack-hole….but that doesn’t distinguish him from just about any other “successful” big business man/woman….McCourt just had the mis-fortune to make his fortune in a business that is under the public microscope…rather than one of the hundreds that do their very best to hide from public view while screwing everyone they can to make a buck.

  5. scobbalobba - May 5, 2012 at 10:46 AM

    McCourt is a wanker – End of Discussion

  6. AlohaMrHand - May 5, 2012 at 11:29 AM

    McCourt once again gets over on the fans.Hes 2.1 billion richer and will be making 14 million a year.Guess you Dodger fans better get a bus pass when you go to dodger games

    • lanflfan - May 6, 2012 at 2:30 AM

      Actually there is already a free shuttle from Union Station to Dodger Stadium, it’s been in place for at least a year.

      • AlohaMrHand - May 6, 2012 at 8:01 AM

        then by all
        means ride it!KeepmMccourts pockets as empty as possible!

  7. goawaydog - May 5, 2012 at 12:06 PM

    2 billion dollars and still they pay millions in rent on the parking lots … Appalling … Great negotiating on one side of the table and terrible on the other.

  8. rosesacl - May 5, 2012 at 2:14 PM

    Fans were hoping Mccourt would end up like the character played by Dan Aykroyd(Louis Winthorpe) in “Trading Places”.

    • bbk1000 - May 5, 2012 at 4:05 PM

      no they weren’t, Aykroyd’s character ended up rich…..McCourt did end up like that….

  9. sir1389 - May 5, 2012 at 4:06 PM

    Utterly ridiculous.

  10. 49ersgiants4life - May 5, 2012 at 8:48 PM

    I hope he gets beat into a vegetable by a gang. He’s a worthless human being and if he died this world would be a better place.

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