
When the Dodgers let go of pitcher Derek Lowe after the 2008 season, it was one of those moments where you wondered why they couldn't just hold onto proven assets.
Money trouble? Did the team really think he wouldn't perform in the future?
The Dodgers don't always look smart in their bets on the future, but Mr.…
When the Dodgers let go of pitcher
Derek Lowe after the 2008 season, it was one of those moments where you wondered why they couldn't just hold onto proven assets.
Money trouble? Did the team really think he wouldn't perform in the future?
The Dodgers don't always look smart in their bets on the future, but Mr. Lowe has not exactly provided the value or promise in the 4-year, $60 million contract he got from Atlanta.
His innings were down last year, his ERA was up 1.50 and he gave up lots more hits and walks. He's on track for a much worse 2010.
Mr. Lowe's own bet on MB real estate hasn't panned out so well, either.

In Aug. 2006, he bought
204 19th (4br/4ba, 4260 sq. ft.) new for
$5.0m.
When his last of 4 seasons with the Dodgers was nearly over in Sept. 2008, he listed the home for $5.7m. Nice markup.
Once he knew for sure that he was leaving town 4 months later, he dropped the price to $5.2m. (See "
Lowe-ring the Price.") Still a markup, though.
Another 4 months later came the final (public) price cut: to $4.599m on May 21, 2009. First markdown.
Precisely one year passed, and a sale closed last week, May 21, 2010, for
$3.9m.
That's a chop of $699k
(-15%) from the last list price. So, yes, it was priced much too high for the past year.
And that's
-$1.1m/-22% from the new & peak price, $5.0m, in Aug. 2006.
Maybe that's no big bite when you've got $30m to come even after this season, come what may.
But a new home near the beach on dreamy 19th, down 22% in less than 4 years – that's a chop that could leave a mark.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 26th, 2023 at 5:45am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.