Kasten Says Dodgers’ Acquisition of Red Sox Players Fit Budget

The Los Angeles Dodgers’ acquisition of the Boston Red Sox’s three highest-paid players last month fit the team’s business model, Stan Kasten, Dodgers chief executive officer, said at the Bloomberg Sports Business Summit hosted by Bloomberg Link in New York.

The Dodgers acquired first baseman Adrian Gonzalez, pitcher Josh Beckett and outfielder Carl Crawford in August, about five months after an investor group that included Guggenheim Partners Chief Executive Officer Mark Walter, basketball Hall of Fame player Magic Johnson and Kasten bought the team for $2.3 billion.

Gonzalez is making $21.9 million this season, Crawford $20.3 million and Beckett $17 million. Kasten said all three are stars in their prime.

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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