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The news broke last night that MLB and Frank McCourt came to an agreement to sell the Dodgers...possibly at gun point. That's real good news for baseball and Dodger fans that truly couldn't stand the guy. That's bad news if you thought any bargains were going to be had in free agency for the big names. For let's remember the Cubs offseason of 2006 when they were ready to sell and Tribune racked up a giant bill that they didn't have to pay.

Rumors on XM radio and from Ned Colletti were that the Dodgers already had some money to spend this offseason, agent and former player Dave Stewart commented that they approached him about an extension for Matt Kemp and he took that as they're not as handcuffed as some want to believe. And they very much need a big bopper in that lineup and I wouldn't be too surprised if they made a run at Jose Reyes as well.  Anything can happen of course and they may go after Pujols instead, but I wouldn't be surprised in the least that McCourt makes one more fame grab and tries to load up the Dodgers this offseason and then take as much credit as he can if they're successful, even after he sells it.

The best thing MLB Trade Rumors ever did was buy the rights to Eddie Bajek's reverse-engineered Elias rankings. This year he nailed all but two free agents before the official list came out (Kelly Johnson and Joel Zumaya).

As for the Cubs, Ryan Dempster exercised his $14M option for next year, so his Type A status is a moot point. But the Cubs did exercise their $16M option on Aramis Ramirez last night and it seems to be a mere formality at this point that Ramirez will decline it to seek a multi-year deal. That saves the Cubs $2M on the buyout and the Cubs will likely get a supplemental draft pick if and when Ramirez signs somewhere else as he just missed Type A status and is a Type B free agent. Carlos Pena also qualified at Type B status and his situation is a bit trickier as he could potentially accept the Cubs arbitration offer.

This is starting to feel a lot like the Brian Roberts and Jake Peavy negotiations. Of course missing out on both of them ended up turning out pretty well for the Cubs. Hmmm...

The latest foolishness...

This appears just about close to being finalized. Here's the latest and to open up a new set of comments.

- Epstein and family are apparently house hunting already in Chicago.

- Heyman tweets that there is a bit of discussion whether #cubs send cash or minor leaguers to #redsox for theo. so far boston prefers the $.

- A WEEI report said the deal would be 5/$15M, ESPN is saying it's 5/$20M. There's some confusion over a $3.5M transfer bonus that Epstein would receive,  so that could be part of the difference.

- Same article says ...an industry source said Tuesday that Cubs owner Tom Ricketts spoke with Epstein last week and that Epstein met with Cubs president Crane Kenney in Chicago last weekend (I presume to settle how much of Kenney's salary would be going to Epstein).

- Kaplan with a pretty thorough rundown of how the events transpired. I can't find it now, but I think it was Kaplan reporting that Epstein's very comfortable with Wilken and Fleita.

- Kevin Goldstein at BP and ESPN Insider (subscriptions required) goes over the state of the organization that Theo will inherit. 

- George Ofman tweets: Word from sources close to situation: Ryne Sandberg not on Theo's short list to be manager at this time

Theo did try and hire Ryno to manage Pawtucket though last year, so even if he doesn't quite think he's big league ready, possibility as a major league coach could loom. 

- Red Sox pull a page out of the Cubs playbook and start the smear campaign on Francona, Epstein and some of the players. 

Some video of Epstein discussing player evaluation after the jump...