Dodgers Agree to Sell to Magic Johnson's Bidding Group

ORLANDO, FL - FEBRUARY 26: NBA legend Earvin 'Magic' Johnson looks on during the 2012 NBA All-Star Game at the Amway Center on February 26, 2012 in Orlando, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)

The Los Angeles Dodgers have agreed to sell to Magic Johnson and Stan Kasten bidding group, according to Ken Gurnick of MLB.com. Dennis Berman of the Wall Street Journal is reporting that the sale is at $2 billion and is the highest amount ever paid for a sports franchise.

Johnson and Kasten's group beat out two other groups, one led by Steven Cohen and another by Patrick Soon-Shiong.

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