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He was set up to soak the Seattle Mariners in salary arbitration, except for one detail: against the advice of his agent, Scott Boras, Rodriguez had let the Mariners buy out all his arbitration years.
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Argyros was trying to sell the Mariners and buy the San Diego Padres.
Mariner Commercial Properties bought the property which contained the site of several three-story shops and the eighteen-story Morris Building, all damaged and vacant due to the One Meridian Plaza fire.
Mr. Peterson later called Mr. Brownstein to confirm that the Apache Corporation, another energy company, had agreed to buy Mariner.
Based on that information, Mr. Brownstein bought Mariner stock and options for his hedge fund and personal investment accounts.
According to federal prosecutors, Drew Peterson passed the news along to a close friend, the chief executive of a Denver hedge fund, who bought Mariner shares before the deal, making more than $5 million for his fund and his relatives.
In the early 1990s, Mr. Yamauchi found himself in the middle of an international dispute when he offered to buy a majority stake in the Seattle Mariners.
Omnicare Inc., a leading provider of pharmacy services to nursing homes, agreed to buy most of the assets of American Pharmaceutical Services Inc. from Mariner Post-Acute Network Inc. for $97 million.
Mr. Peterson was prosecuted, even though he did not trade any Mariner shares, because tipping his son so that he could buy shares for his family and friends was such a blatant breach of his fiduciary obligation.
For the Mariner, which is nearing completion, he used his own capital, including $5.5 million to buy the land and $2 million to clean up a brownfield site on it.
The Mets and the Mariners are lucky enough to have a sackful of television and owner money to go out and buy other players.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com