A bankruptcy judge in Wilmington, Del. on Wednesday approved a settlement between the Los Angeles Dodgers and Fox Sports that clears the way for the sale of the team.
The settlement, reached late Tuesday and quickly approved at a brief court hearing Wednesday morning, ends a contentious legal battle between the ball club and Fox.
“The agreement with Fox clears the path for the Dodgers to sell the team on schedule and to maximize the value of the debtors’ estate,” Dodgers attorney Sid Levinson told Judge Kevin Gross.
Fox Sports attorney Greg Werkheiser said Fox was glad to have resolved its differences with the Dodgers.
Attorneys for Major League Baseball and the Dodgers’ committee of unsecured creditors told Gross they support the settlement.
Gross quickly signed off on the settlement, saying it was in the best interest of all parties in the Dodgers bankruptcy case.
The settlement was reached with the help of a court-appointed mediator after a federal district court judge said in December that Fox likely would win an appeal of a ruling by Gross that authorized the Dodgers to begin a process to market the media rights to future games starting in 2014.
ANGELS: Injured first baseman Kendrys Morales and Los Angeles agreed to a one-year contract worth $2,975,000, avoiding salary arbitration.
Morales hasn’t played since breaking his left ankle while jumping on home plate to celebrate a game-ending grand slam May 29, 2010.
His deal matches last year’s contract and includes the same $50,000 bonus for 550 plate appearances.
REDS: Free-agent closer Ryan Madson and Cincinnati eached an oral agreement on an $8.5 million, one-year contract, according to a person familiar with the deal.
Madson saved 32 games in 34 chances last year for NL East champion Philadelphia.
CBSSports.com was the first to report the right-hander’s agreement with Cincinnati. The contract is subject to a written agreement and a physical.