MLB rejects Dodgers' TV deal

Updated: June 21, 2011, 12:55 PM ET

Just days after Frank and Jamie McCourt agreed on a divorce settlement, Major League Baseball rejected a proposed television contract for the Los Angeles Dodgers that was a linchpin of the deal.

The TV deal has been reported to be worth $3 billion and Frank McCourt would receive $385 million upfront. That money was critical to the financial health of the Dodgers. MLB's action nullifies the divorce settlement, sending the McCourts back to the drawing table and thrusts the Dodgers into limbo.

MLB ...

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