McCourts OK divorce deal; he gets Dodgers
LOS ANGELES — Frank and Jamie McCourt have reached a settlement in a costly and nasty feud over control of the Los Angeles Dodgers, paving the way for a showdown in bankruptcy court between the embattled team owner and Major League Baseball.
The deal was struck between the former couple, but the terms will not be released, according to a joint statement Monday from Frank and Jamie McCourt. A person familiar with the settlement who requested anonymity because it's not meant to be public told The Associated Press that Jamie McCourt would receive about $130 million, a figure first reported by the Los Angeles Times.
As part of the agreement, Jamie McCourt will withdraw her opposition to the proposed sale of the Dodgers' media rights, a move her ex-husband says would alleviate his financial woes. Instead, she will file a motion supporting the process, according to the statement.
"We're looking forward to having her support of the Dodgers plan as the bankruptcy case goes forward," said Victoria Cook, one of Frank McCourt's attorneys.
A Los Angeles judge still has to sign off on the agreement, but once he does the settlement effectively ends the divorce saga that began two years ago after Frank McCourt fired Jamie McCourt as the Dodgers' CEO.
In a separate statement, a spokesman for Jamie McCourt said she was willing to accept a settlement, even if it meant giving up her interest in the Dodgers, "if a fair resolution were possible ... That has now been achieved through the cooperation of everyone involved and Jamie looks forward to moving on and focusing on new opportunities," the statement said.
The divorce case has been placed on hold until a bankruptcy court in Delaware determines the fate of the team. A hearing is scheduled for Wednesday and a judge will consider dueling motions over four days starting Oct. 31.
The agreement removes Jamie McCourt, who had asked the divorce court to order the Dodgers sold, as an obstacle in Frank McCourt's bid to keep ownership by selling team television rights.
"I think this may be a strategically sensible decision for her," said Scott Altman, a law professor at USC.