frank mccourt

Magic's group wins the bidding war.

While everyone sits down tomorrow and eats Turkey for Thanksgiving, let us reflect on the biggest "turkeys" in the world of sports.

Fans of the Los Angeles Dodgers have developed a true disdain in their heart for owner Frank McCourt. By willingly mishandling the team's finances, he bleeded the team dry for years. Today, he finally agreed to sell the team, their stadium, and the surrounding real estate. The agreement ends a six month long legal battle with MLB commissioner Bud Selig. The biggest winner today is Dodger nation, who finally got their wish.

Dodgers owner Frank McCourt had a proposed TV deal worth $3 billion with Fox. McCourt would have received $385 million upfront, which would help him make payroll at the end of his month, and in the short-term future. Major League Baseball rejected the deal today, and issued a statement explaining why.

The Los Angeles Times is reporting that the Los Angeles Dodgers don't have enough money to meet their payroll at the end of the month. John Schlegel, of mlb.com, has the story, below.