Frank McCourt must first receive Major League Baseballs approval of a 17-year television contract with Fox reported to be worth up to $3 billion. Under the settlement, McCourt would receive $385 million upfront, most of which would be used for Dodger-related expenses.
In addition to the TV deal, the settlement called for a one-day "characterization" trial Aug. 4 to determine if title to the Dodgers is in Frank McCourts name or if the team should be considered community property and sold.
If the Dodger assets are deemed to belong to Frank McCourt, he would give his ex-wife $100 million and she would retain six luxurious homes. He also will continue to pay monthly spousal support up to $650,000, the agreement said.
