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Owners Approve Sale Of Padres

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AUGUST 16th: The sale of the team is complete, reports Bob Nightengale of USA Today (on Twitter). The deal was approved at the owners meetings this week. The Padres are now under the control of the Ron Fowler group, which includes the O'Malley family.

AUGUST 6th: The sale of the Padres to the O'Malley group has completed, writes Bill Center of the San Diego Union-Tribune.

The sale price, according to Center, is roughly $800MM. That includes $200MM of up-front cash for the Padres as an advance for their upcoming 20-year television deal with FOX Sports San Diego. The deal is pending approval of other Major League owners, which could come as soon as Aug. 16 when the owners meet in Denver, according to Center.

The O'Malley group was selected to purchase the Padres one month ago today. Peter O'Malley, former owner of the Dodgers, leads the purchase group that also includes his sons, Kevin and Brian; nephews Peter and Tom Seidler; San Diego businessman Ron Fowler; and professional golfer Phil Mickelson. O'Malley's sons and nephews are expected to become "hands on" owners. There are no immediate changes to the baseball operations team known at this time. 

Mike Axisa contributed to this post.

Padres Designate Alex Hinshaw For Assignment

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The Padres have designated left-handed pitcher Alex Hinshaw for assignment, the club announced via press release.

Hinshaw, 30 in October, posted a 4.50 ERA and 1.54 WHIP in 28 innings of relief work for the Friars this season. The lefty logged a strong strikeout rate of 11.6 K/9 but struggled with his control (6.4 BB/9). Prior to pitching for San Diego this season, he last appeared in the big leagues with the Giants in 2009.

In a corresponding 40-man roster move, the Padres selected left-hander Tom Layne from Double-A San Antonio.

Padres, Mark Kotsay Agree To Extension

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2:40pm: Kotsay's extension is worth $1.3MM, tweets Jon Heyman of CBSSports.com.

10:33am: The Padres announced via press release that they have agreed to terms on a contract extension with Kotsay.  “Mark provides versatility and a very good late-game at-bat,” General Manager Josh Byrnes said. “He brings invaluable leadership to our club and has become one of the key members of our team.”

9:20am: The Padres are set to extend veteran Mark Kotsay through the 2013 season today, according to Corey Brock of MLB.com (via Twitter).  San Diego has been impressed by the veteran's clubhouse presence and his bat off of the bench, according to Brock.  

Kotsay, 36, has a .275/.333/.363 slash line with one home run in 111 plate appearances. The outfielder/first baseman made just $1.25MM this season and earned trade interest from multiple clubs in July, including the Reds.  Kotsay owns a .278/.334/.409 batting line across his 16-year career.

2013 Vesting Options Update

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With a little less than one-third of the season left to go, let's check in on the various vesting option situations from around the league…

  • Jason Bartlett, Padres — $5.5MM option vests with 432 plate appearances. Bartlett came to the plate just 98 times before being placed on the disabled list with a knee injury. He won't return to the lineup anytime soon, so this option will not vest.
  • Kevin Gregg, Orioles — $6MM option vests with 50 games finished. Gregg has finished just 12 of the team's 113 games, so this one is very unlikely even though it's still mathematically possible.
  • Brett Myers, White Sox — $10MM option vests with 45 games finished or based on a points system. Myers has finished 33 games this season, and he has finished four of the ten games he's appeared in with Chicago despite not being the closer. This is one worth monitoring.

Chipper Jones has an option worth $9MM+ that will vest with 123 games played, but he's already rendered the option moot by announcing his plans to retire after the season. He recently said that he won't change his mind about retirement despite his strong play as well. Chipper has played in 71 of the Braves' first 112 games.

Alex Gonzalez has an option worth $4MM that will vest with 525 plate appearances, but he is expected to miss the rest of the season with a torn ACL. Gonzalez came to the plate just 89 times before the injury, so the Brewers do not have to worry about this one kicking in.

Quick Hits: Padres, Cubs, Bourn, Sheets, Braves

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Earlier today, the Indians released right-hander Derek Lowe after designating him for assignment earlier this month.  The veteran is willing to start or relieve and there's reportedly a sense that he'll return to the National League.  While we keep an eye on where the veteran might land, here's tonight's look around baseball..

  • As first reported by Jim Callis of Baseball America, Padres scouting director Jaron Madison is leaving the organization to join the Cubs.  The 36-year-old will take over as Chicago's scouting director while Tim Wilken has been reassigned to the role of Special Assistant to president Theo Epstein, the team announced.
  • One Braves official believes that if Michael Bourn had an agent other than Scott Boras he might already have a new contract with the club, writes Danny Knobler of CBSSports.com.  People who know Nationals GM Mike Rizzo believe that Bourn has always been at the top of his wish list and the Phillies, Reds, and Marlins are also potential suitors this winter.
  • Ben Sheets wasn't entirely confident about his return to the big leagues, but the veteran has looked tremendous so far, Knobler writes.  The 34-year-old isn't sure how long he'll continue pitching but he says that he wants to leave on his own terms as opposed to being forced out by injury.

Quick Hits: Oswalt, Bourn, Hendry, Bay Area

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The Indians snapped an 11-game losing streak today with a 6-2 victory over the Twins.  The 11-game skid matched a franchise record, set four times previously in Tribe history.  Avoiding a new futility record is of small consolation to the Indians, who were in wild card contention before their streak and now can only look ahead to 2013.

Here's the latest from around the majors….

  • The Red Sox scouted Roy Oswalt and expressed interest in him earlier this season but they never made an offer, the veteran right-hander tells Brian MacPherson of the Providence Journal.  Oswalt also said that he didn't insist to pitch for a team close to his home in Mississippi, noting that he was "pretty close" to signing with the Dodgers before finally settling on a contract with the Rangers.
  • Michael Bourn "strikes out a lot and doesn't have a great on-base percentage.  He's going to be 30 years old, and guys his age do not get faster. I'd be careful," a scout tells Bob Brookover of the Philadelphia Inquirer.  The Phillies have been rumored to be interested in signing Bourn as a free agent this winter, with the Nationals and Braves also in the mix for the center fielder.
  • Former Cubs GM Jim Hendry has embraced being a special-assignment scout for the Yankees, writes Daniel Barbarisi of the Wall Street Journal.  Brian Cashman said that Hendry played key roles in the signing of first-round draft pick Ty Hensley and in the team's recent trade for Casey McGehee.
  • The dispute between the Athletics and the Giants over San Jose territorial rights "might be the most difficult decision in baseball history because of the circumstances," an MLB executive tells Yahoo Sports' Steve Henson.  The executive says there is some belief that the Giants could break protocol and sue the league if the A's are allowed to move.
  • Tom Krasovic of Inside The Padres thinks the Padres made a good move in extending Carlos Quentin and Huston Street, though wonders if either player can "stay healthy in a heated pennant race."

NL West Links: Uribe, Melky, Fowler, Padres

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Here's the latest from the NL West…

  • Juan Uribe's time with the Dodgers could be nearing an end, writes Dylan Hernandez of the Los Angeles Times, as the team will need to open a roster spot with Adam Kennedy due back from the DL this week.  Uribe has just a .553 OPS in 459 plate appearances since signing a three-year, $21MM free agent contract before the 2011 season.  The Dodgers would have to eat the approximately $10.3MM left on Uribe's deal but Hernandez notes this would hardly be a burden to the club's free-spending new owners.
  • Melky Cabrera told reporters (including Henry Schulman of the San Francisco Chronicle) that he hadn't heard anything from his agent Sam Levinson about tabling extension talks with the Giants until after the season.  Andrew Baggarly of CSN Bay Area tweets that the two sides "had conceptual talks" about a new contract, so as Schulman speculated, it's possible the discussions never got serious enough for Levinson to bring anything solid to his client.
  • Dexter Fowler has played well enough to earn a contract extension, though Troy Renck of the Denver Post thinks the Rockies should wait until midway through next season to explore such a deal just to ensure that Fowler is for real.  Fowler is still under team control through the 2015 season and eligible for arbitration three more times as a Super Two player.  Fowler is earning $2.35MM this season.
  • Bill Center of the San Diego Union-Tribune outlines a few ways that the Padres' prospective new owners can quickly win the favor of San Diego fans.

Outrighted To Triple-A: Wells, Carpenter, Sutton

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The latest outright assignments from around MLB…

Minor Moves: Jake Fox, Scott Patterson

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Today's minor moves..

  • The Phillies have signed catcher/outfielder Jake Fox to a minor league contract, according to Ryan Dunleavy of NJ Press Media (via Twitter). Fox, 30, will report to the Phillies' Triple-A affiliate after posting strong numbers for the Somerset Patriots of the Atlantic League.
  • The Mets announced that they have signed right-hander Scott Patterson to a Triple-A deal.  The 33-year-old was previously with the Mariners' Triple-A affiliate and last appeared in the majors in 2008 with the Padres.

Padres Designate Kip Wells For Assignment

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The Padres have designated right-hander Kip Wells for assignment, according to a team press release.  In a corresponding move, right-hander Cory Burns has been selected from Triple-A Tucson.

Wells posted a 4.58 ERA in seven starts with the Padres, recording more walks (20) than strikeouts (19) in 37 1/3 innings of work.  It was Wells' first time pitching in the Major Leagues since the 2009 season.  The 35-year-old signed a minor league deal with San Diego in May.

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