McCourts reach divorce settlement

Updated: June 17, 2011, 9:48 PM ET

LOS ANGELES -- Jamie and Frank McCourt agreed Friday to have a one-day trial to determine if title to the Los Angeles Dodgers is in Frank McCourt's name or if the team should be considered community property in their divorce, the former couple and their attorneys announced.

The agreement anticipates Major League Baseball's approval of a lengthy TV contract between the Dodgers and Fox, Frank McCourt said outside court. That deal has been reported to be worth $3 billion and Frank McCourt ...

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