Colletti agrees to long-term extension

The Dodgers and general manager Ned Colletti have come to an agreement on a multi-year contract extension that will be announced later today.

Colletti and the club had a mutual option for next season, but after guiding the team to back-to-back National League West titles for the first time since 1977-78, it has been widely expected Colletti would soon earn an extension.

Colletti was hired after the 2005 season, inheriting a club that went 71-91. Since then, the Dodgers have made the playoffs in four of five years. They have the second best won-loss record in the NL during Colletti’s tenure, behind only Philadelphia, whom they currently trail in the NLCS three games to one.

Jamie McCourt has no plans of giving up ownership involvement

The lawyer for Dodgers’ chief executive officer Jamie McCourt said Thursday that his client has no plans of surrendering her ownership involvement with the Dodgers or her position with the club.

Jamie McCourt, who confirmed her separation from Dodgers owner Frank McCourt on Wednesday, is the highest ranking woman in Major League Baseball.

Her lawyer, Dennis M. Wasser, said that his client had chosen to publicly respond because Frank McCourt’s lawyer, Marshall Grossman, had made public statements about the situation late Wednesday night.

“We are disappointed that Mr. McCourt’s attorney has chosen to express legal positions in the press, in violation of the parties’ specific agreement not to make any public statements about this private matter,” Wasser said.

“Jamie McCourt had desired to just focus on the Dodgers’ success in postseason play. However Jamie and her attorneys now feel she must briefly respond.”

Wasser said that he disagreed with Grossman’s statement that Frank McCourt is the sole owner of the Dodgers and that, “We are confident that if the ownership issue must be adjudicated, the Dodgers will be determined to be community property owned 50 percent by each of the McCourts.”

That determination would be at the heart of any dispute of community property, should the couple divorce.

California law holds that a divorce asset be divided 50-50 between the two parties, which is problematic with a major league baseball franchise that must, by league rule, have only one controlling owner.

A similar situation led to the sale of the San Diego Padres in February, when owner John Moores sold the team as part of a divorce settlement with his wife Becky.

McCourts separate

By Ramona Shelburne
Staff Writer

Dodgers owner Frank McCourt and his wife Jamie McCourt have separated, raising questions about the future of the organization on the eve of the National League Championship Series.

Frank McCourt has owned the Dodgers since 2004. The couple confirmed their separation Wednesday night in a statement issued through the club.

Frank McCourt serves as the club’s owner and chairman. Jamie McCourt serves as Chief Executive Officer.

“This is a personal matter and they request that their privacy be respected,” the statement said.

There has been no official mention of a divorce, but the potential impact on the organization is clear.

In February San Diego Padres owner John Moores sold the team to former agent Jeff Moorad, a move precipitated by his divorce.

California law requires that you divide a divorce asset 50/50, which is problematic when it comes to a major league baseball franchise.
Baseball policy mandates that each organization have only one controlling owner.
Forbes magazine recently valued the Dodgers franchise at $722 million.
Jamie McCourt, the highest-ranking woman in Major League Baseball, became the team’s CEO on March 17. Before that, she had been club president.
The McCourts have been married since 1979. They have four sons: Drew, Travis, Casey, and Gavin.