It looks like Alex Rodriguez is ready to get in the basketball business…
The 45-year-old Dominican American former MLB slugger Alex Rodriguez and billionaire Marc Lore are finalizing a deal to purchase the Minnesota Timberwolves from majority owner Glen Taylor, according to ESPN.
The purchase price in the deal is expected to be in the $1.5 billion range, sources said.
Taylor will continue to hold full control of the team for two years before Rodriguez and Lore take over in 2023.
“We look forward to entering this phase of the process with Glen Taylor,” Rodriguez and Lore said in a joint statement on Saturday. “Our respect for him and the legacy he has built lays an amazing foundation for what is to come. We are excited by the prospect of getting to know the Timberwolves organization.”
Taylor announced in July 2020 that he was looking for a buyer. The terms of the sale are similar to talks Taylor had in the past year with billionaire Ryan Smith, who walked away from a potential deal to ultimately purchase the Utah Jazzfor $1.66 billion in October.
Taylor, 79, saved basketball in Minnesota when he bought the team for $88 million in 1994 after it nearly moved to New Orleans. But he has had an unspectacular ownership run in the 16 years since, reaching the playoffs only once.
Taylor has discussed keeping the Timberwolves in Minnesota with new ownership, but Rodriguez’s ties to Seattle and that city’s desire for a return of an NBA franchise could become an issue in the long term.
Rodriguez was also part of a group that bid unsuccessfully for the New York Mets.
Jennifer Lopez and Alex Rodriguez aren’t giving up their Mets quest…
The 50-year-old Puerto Rican superstar and the 44-year-old Dominican American former-baseball-player-turned-sports-commentator aren’t giving up on their bid to purchase the New York Mets from the Wilpon family.
After the pair reportedly teamed up with billionaire Mike Repole in an ownership group, they’ve now added a group of investors that includes some other big names.
Per ESPN, Hall of Fame linebacker Brian Urlacher, 2020 Super Bowl champion Travis Kelce, ex-NFL star DeMarco Murray, former Cleveland Browns offensive lineman Joe Thomas,Washington Wizards All-Star Bradley Beal and Denver Nuggets center Mason Plumlee are all joining the celebrity couple’s bid.
“We couldn’t be more excited to have such high-quality individuals as part of our group,” Lopez and Rodriguez told ESPN on Monday.
The Wilpons have been looking to sell the Mets for months now, but a deal hasn’t been reached despite some interest.
The Wilpons originally had an agreement in place to sell the team to hedge fund investor and billionaire Steve Cohenwhile remaining in control of the club for another five years, but that deal fell apart.
Recently, it was reported that Cohen delivered the family an offer for $2 billion, and was willing to offer an additional $2 billion to also acquire SportsNet New York (SNY). The Wilpons have reportedly been reluctant to give up SNY. However, it now appears the television network would now be included in a potential sale, indicating the Wilpons are more serious about a deal.
The group headed by Lopez and Rodriguez reportedly submitted an initial bid of $1.7 billion. The former New York Yankeesslugger and Bronx-born pop star have reportedly put $300 million of their own money toward the bid.
The Wilpons will review all of the bids, and work with MLB commissioner Rob Manfred to determine the next steps in the process. Whoever does end up taking home the Queens-based franchise will need to their purchase to be approved by 75 percent of MLB owners.
The Wilpons reportedly hope to close a deal by the fall and gain Major League Baseball approval for the new owners before the end of the year.
Jennifer Lopez and Alex Rodriguez have the New York Mets on their minds…
The 50-year-old Puerto Rican superstar and her 44-year-old Dominican American fiancé and former-baseball-star-turned-sports-commentator have retained J.P. Morgan to represent them in raising capital for a possible bid for the Mets team, according to multiple reports.
A three-time American League MVP, Rodriguez retired in August 2016 with 698 home runs, a .295 average and 2,086 RBIs in 22 years. He was suspended for the 2014 season for violations of Major League Baseball‘s drug agreement and labor contract.
A-Rod earned about $448 million as a player. The 14-time All-Star started his career with the Seattle Mariners, signed a record contract with the Texas Rangersin December 2000, and then moved from shortstop to third base when he was traded from the Rangers to the New York Yankees ahead of the 2004 season.
Lopez, a multi-hyphenate, has launched a number of companies, as well as invested in others globally.
The Mets’ ownership is headed by Fred Wilpon, brother-in-law Saul Katza nd Fred Wilpon’s son Jeff, the team’s chief operating officer. The team said December 4 it was negotiating an agreement with Steve Cohen. The hedge fund manager bought an 8% limited partnership stake in 2012 for $40 million. The deal under discussion would have seen him acquire an 80% controlling share in a transaction that values the team at $2.6 billion, and the Wilpons would have remained in place for five years.
The sides announced the deal’s collapse on February 6, and the Mets’ owners said they intended to find a new buyer. Allen & Co. represents the Mets’ owners.
Given the drop in equities prices caused by the new coronavirus pandemic, the next few months figure to be a difficult time to raise money for a bid.
The 50-year-old Puerto Rican superstar is set to take part in Quibi’s forthcoming series, Thanks a Million, which will feature people literally paying it forward to those who’ve changed their lives.
J.Lo joins a roster of participating celebrities that includes Kristen Bell, Tracy Morgan, Karlie Kloss, Aaron Rodgers and Alex Rodriguez.
Each of the celebrities will lead an individual episode of the series. More participants will be revealed at a later date.
Earlier in March at SXSW, Quibi founder Jeffrey Katzenberg announced the new series as part of their lineup. Each episode of Thanks a Million will feature grateful public figures kick-starting a chain of kindness by gifting $100,000 to an unsuspecting individual who has had a positive impact on their lives. The recipient must then pay it forward by gifting half of that sum to someone else who has done the same, and the chain continues. Across ten episodes, $1,000,000 will be put in the hands of everyday people.
Thanks a Million will be produced by Lopez’s Nuyorican Productions and Industrial Media’s B-17 Entertainment in association with Universal Alternative Television Studio. Lopez, Elaine-Goldsmith Thomas, Alex Brown, Rhett Bachner, Brien Meagher,Dena Waxmanand Benny Medinaserve as Executive Producers.
The 50-year-old Puerto Rican superstar and fashion icon has announced a hot new partnership with the fashion branch Coach.
Lopez announced the campaign on her Instagram, sharing her excitement for what’s to come with her 105 million followers.
“I’m so excited for this collaboration with Coach” she said. “It is a timeless brand that I’ve always been a fan of and the upcoming collection really speaks to my personal style –– an uptown downtown mix.”
Starting in spring 2020, Lopez will appear in ad campaigns for the leather goods, ready-to-wear and footwear company. The relationship builds on the long-time relationship between the two — Lopez carried Coach bags as early as her 2002 video “All I Have” with LL Cool J.
In the upcoming campaign, she’ll be shot by Juergen Teller, who’s captured the likes of Yara Shahidiand Jemima Kirkein iconic locations for previous Coach campaigns.
One year ago, Michael B. Jordanbecame the first global face of menswear for the Tapestrybrand and later designed a Coach unisex clothing line, which he told The Hollywood Reporter is “nostalgic, fresh, utilitarian and functional.”
A Bronx-born mother-of-two, Lopez has always stayed true to her New York roots, from her In Living Color days to her role as executive producer on films like Hustlersand 2020’s The Godmother.
Like Lopez, Coach is New York through-and-through, founded in Manhattan 78 years ago. Coach says it selected Lopez to embody its value for self-expression.
“Jennifer is so authentic. She’s determined and she’s an original who has followed her own path to do things her own way — she really embodies the attitude of Coach and our new campaign,” Coach creative director Stuart Veverssaid in a statement. “She’s from New York like Coach, which creates another authentic connection with our heritage, and I’m particularly excited about bringing Jennifer and Juergen Teller together.”
Lopez will join fellow A-list ambassador and pop star Selena Gomez as part of the Coach family. Earlier this year, Lopez, together with her fiancé Alex Rodriguez, launched a collection of sunglasses with the brand Quay Australia, as well as her 25th fragrance called Promise.
Pete Alonsois one homer away from making history on his own…
The 24-year-old part-Spanish American New York Metsslugger hit his 52nd homer of the season, tying New York Yankees star Aaron Judge‘s total from 2017 for most by a rookie.
Alonso lined an 0-1 fastball from Atlanta Bravesleft-hander Dallas Keuchelnarrowly over the wall in left field in the first inning Friday night. He smiled as he hurried around the bases and pointed to the home fans as he crossed the plate. Teammates greeted him with handshakes outside the dugout, and the crowd at Citi Fieldinsisted on a curtain call.
“Unbelievable. When I was rounding the bases I felt like a little kid. I felt like a 7-year-old kid,” Alonso said. “I was just really kind of overcome with pure joy and emotion. I don’t think I’ve had a happier time in my life playing baseball. That is the ultimate. That’s what dreams are made of. It’s unbelievable that it happened. I still can’t believe it happened.”
Keuchel was booed when he walked Alonso in the third inning, and the big slugger popped up and struck out in his final two at-bats. The Mets won 4-2.
Alonso leads the CincinnatiReds’ Eugenio Suarezby three for the majors’ home run lead and would be the first rookie since at least 1900 to claim the big league crown outright. Manager Mickey Callawaysaid he might bat Alonso leadoff in the final two games to get him extra at-bats, and Alonso was eager to slide up a spot.
A history major in college with “an affinity for that kind of stuff,” Alonso said he’s struggling to comprehend the accomplishment.
“When I think of baseball history, I think old-timey guys like Lou Gehrig, Babe Ruth, Barry Bonds,” Alonso said. “Geez, I mean, to think that as a rookie I hit more homers than everyone except for one guy, it’s nuts. It’s crazy. I’m not trying to sound any other way. It’s just, wow.”
Judge, who has struggled with injuries the past two seasons, has 26 homers in 100 games in 2019. He predicted late Friday night that Alonso would break the rookie record.
“No better person to share it with. He’s eventually going to break it, I know that for sure,” Judge said. “Happy for him. I had a chance to meet him this year and talk to him a little bit, and no better individual to represent not only the Mets but the city of New York. He’s going to do a lot of special things over his long career. I’m excited for him. This is just the beginning for him, the first of many records he’s going to break.”
Alonso has already set franchise records for homers, total bases (343) and extra-base hits (84). He has 119 RBIs and 100 runs, becoming the first Mets rookie to reach triple digits in both categories. No New York player had reached those totals in any season since David Wrightand Carlos Beltranin 2008. The 119 RBIs put Alonso just five away from matching Wright’s all-time single-season franchise record.
“He’s been outstanding,” Callaway said. “There’s just something about Pete that draws everybody in.”
Alonso’s 52nd homer also tied him with for second-most all time in a player’s first season with a team. Alex Rodriguezhit 52 in 2001, his first season with the Texas Rangers. Babe Ruth holds the record with 54 homers for the Yankees in 1920, after he was traded from the Boston Red Sox.
New York trailed the National League East-champion Braves 2-1 after Alonso’s homer.
In a record season for home runs in the majors, Alonso’s long ball feat wasn’t the only one achieved Tuesday night. The Yankees got in on the fun when they became the second team in MLB history with 300 homers in a season. They joined the Minnesota Twins, who reached the mark on Thursday.
The 21-year-old Venezuelan professional baseball outfielder, who plays for the Atlanta Braves, has become only the third player in baseball history to hit 40 homers in a season at 21 years old or younger.
Acuna’s historic homer came with a flourish in the third inning of Atlanta’s 5-4 victory over the Philadelphia Phillies on Thursday. He launched a 432-foot drive into the second deck at SunTrust Park, standing at home plate to admire his shot off Aaron Nola before tossing the bat away and slowly rounding the bases.
Acuna was pumped to join a very exclusive club, but even more thrilled about the Braves clinching at least a tie for first place in the National League East.
“That’s the most exciting thing up to this point,” Acuna said through a translator. “That’s what we’re all looking for. I think for all of us, it’s just come out with that same energy, that same enthusiasm, get that win and hopefully celebrate. That’s something we’re all looking forward to.”
Mel Ott, who was 20 when he hit 42 homers for the New York Giantsin 1940, was the only player younger than Acuna to post a 40-homer season. Eddie Mathewsalso was 21 but about two months older than Acuna when he hit 47 homers for the Milwaukee Bravesin 1953.
Ott and Mathews are both members of the Baseball Hall of Fame.
“It feels incredible,” said Acuna, who was born December 18, 1997. “To be compared to superstars and Hall of Famers like that, especially at such a young age, wow.”
Acuna had gone five games since hitting his 39th homer.
“He might relax now and really go off,” manager Brian Snitkersaid. “That’s an unbelievable accomplishment at this stage of his career.”
Acuna is still three stolen bases shy of another milestone. He has 37 steals in his quest to become just the fifth 40-40 player in baseball history, following Jose Canseco(1988), Barry Bonds(1996), Alex Rodriguez(1998) and Alfonso Soriano(2006).
The 39-year-old Dominican professional baseball player, a slugger for the Minnesota Twins, homered three times in the first five innings against the Chicago White Sox on Thursday night, leading the Twins to a 10-3 victory.
Cruz hit a solo drive in the first, a two-run shot in the third and another two-run homer in the fifth. It’s the first career three-homer game for the six-time All-Star, who has 385 home runs in his career.
Cruz batted again with a runner on first in the sixth and struck out swinging against Jimmy Cordero, ending the inning. He flied out to right leading off the ninth, ending the day 3-for-5 with five RBIs.
“It’s not easy,” Cruz said. “To be able to hit three is a blessing.
“The most important thing is we won and the way [Jose] Berrios pitched. At the end of the day, it’s pitching.”
Cruz went deep against All-Star Lucas Giolitoon different pitches — fastball, curveball and changeup.
“He’s a good hitter,” Giolito said. “He was seeing me well.”
Cruz’s outburst followed three-homer games by New York Metssecond baseman Robinson Cano on Tuesday night and St. Louis Cardinals shortstop Paul DeJong on Wednesday.
According to Elias Sports Bureau research, it’s the first time in major league history there’s been a three-homer game on three consecutive days.
Cruz, who signed a $14.3 million, one-year contract with Minnesota in January, has six homers in his past four games and 25 overall this season. According to Stats LLC, he is the oldest player in major league history to hit six-plus homers in a four-game span, surpassing Barry Bonds, who hit seven in four games at age 36 in 2001.
Cruz also became the 10th player in big league history with a three-homer game after turning 39, according to Baseball Prospectus data, joining a list that includes Babe Ruth, Stan Musial, Reggie Jackson, Dave Winfield, Frank Thomas and Alex Rodriguez.
“You just assume he’s done things like that,” Twins manager Rocco Baldelli said. “Those kind of nights are pretty unique and special, and when you get a chance to see them live, we all kind of enjoy them and appreciate them.”
Cruz is the only player with multiple four-game homer streaks this season. He also hit a homer in four consecutive games June 5-9, according to ESPN Stats & Information research. He is the oldest player with a three-homer game since Rodriguez did it four years ago against the Twins.
At 39 years and 24 days old, Cruz is the second-oldest player in the modern era (since 1900) with seven homers in a six-game span. Graig Nettleswas 40 years and 4 days old for the sixth game of his streak in August 1984.