Dodgers file bankruptcy reorganization plan

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Under the settlement, the Dodgers will abide by the terms of the existing contract with Fox, which gives Fox an exclusive 45-day period starting in October to try to negotiate a contract extension with the Dodgers. The contract also prohibits the Dodgers from talking to other potential buyers of the media rights before Nov. 30 and gives Fox a limited right of first refusal on competing offers received after that date.

Initial bids for the team are due by Monday. Among potential buyers who have expressed interest in the team are groups that include former Dodgers players Orel Hershiser and Steve Garvey, former team manager Joe Torre, former owner Peter O’Malley and former general manager Fred Claire.

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