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Houston Outlaws esports team sold for $40 million

Photo by Jamie McInall/Pexels


Houston real estate investor Lee Zieben has agreed to terms with Immortals Gaming Club to purchase the Houston Outlaws for a total deal value of $40 million, sources familiar with the deal told ESPN.

According to an original ESPN report, the deal has not been executed but is expected to close in late August, with Zieben currently having a binding letter of intent with Immortals for the purchase, according to sources. Paperwork submission to and approval of the Overwatch League is pending, league sources said.

If completed as expected, Zieben will pay $30 million in cash and securities and assume the $10 million debt in remaining payments to the Overwatch League for the Houston Outlaws franchise slot, sources said. Immortals declined to comment. Lee Zieben's office and the Overwatch League did not respond to a request for comment.

Immortals will sell the team after they acquired Infinite Esports & Entertainment, the parent of OpTic Gaming and the Outlaws, in June.

Immortals will retain their ownership of OpTic, splitting that team and the Outlaws for the first time. In June, Immortals completed a deal with Activision Blizzard to enter the franchised Call of Duty League that is set to launch in 2020.

Continue reading on ABC13 to learn about the details of the sale.

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Willson Contreras could give the Astros some extra pop in the lineup. Composite image by Brandon Strange.

“The Hot Stove League” is the nickname given to Major League Baseball's offseason. In particular, the free agent signing period in late November/early December. Trades are also made during this period. Now that Astros' owner Jim Crane has ousted all opposition to his idea of how things should be run, he's free to do things the way he sees fit.

He opened it by not hiring a general manager to replace James Click. Instead, he opted for a committee of assistant GMs. Those guys are assisted by some special advisors, like former Astros great Jeff Bagwell. Crane likes and wants to take a big swing at things. He'd probably hit about .250 with 30-plus home runs every season. Can't leave out his guaranteed 80-100 strikeouts. Typical power hitter. It's all or nothing, except Crane has been making great contact and knocking some things out of the park.

Signing Jose Abreu was an example. Yuli Gurriel looked as if he was losing the battle with “Father Time” during the regular season. This was an insurance policy at first, and designated hitter. Another prime example is their reported interest in C/DH/LF Willson Contreras. His bat would be a major upgrade over past Astro catchers. Although Martin Maldonado may not be going anywhere, having a quality bat to relieve him is key. Add the fact that he plays some outfield, and he's almost a “two birds with one stone” type of signing.

Abreu may be 35 years old, but he's coming off a year hitting .304 with 15 home runs. Contreras may be the younger of the two at 30, but his .243 average hurts the fact that he hit 22 home runs. Both sport an OPS above .800 for their careers. Bagwell said he wants Yordan Alvarez to play left field 45% of the time. The other 55% can be Contreras, Chas McCormick (assuming Jake Meyers is still in the mix for center field), and whoever else they sign or bring up from Sugar Land. When Contreras isn't in left, he needs to be behind the plate or hitting DH. I'd really love the idea of him sitting under Maldonado's learning tree for a year and taking over catcher long-term. Not many can be the catcher "Machete" is, but hitting 50 points better than him has its advantages.

Then there's the reported interest other teams have in Justin Verlander. Supposedly, the Mets have met with him via Zoom. The Dodgers are interested and are seemingly the leaders in the clubhouse to sign him. However, I wouldn't count Crane and crew out. He may come to JV last minute and offer him something comparable in order to keep him around. He strikes me as the type of guy who'll keep his plays close to the vest, then make a Godfather type of offer. He negotiated Verlander's last deal with the team himself. Coming off a World Series win, Cy Young win, and opting out of said deal, Verlander is most likely looking to get one final payday that'll also land him on a contender.

Having a winner is one thing. Having a winner committed to winning long-term is another. Crane wants to strike while the iron is hot. Sure, he wants his franchise to be sustainable. But he also wants to keep the World Series window open as long as possible. Kyle Tucker's next deal will be one to watch. Having an embarrassment of riches on the pitching staff means you have trade bait. Keep an eye on old Jimmy Crane. I think he might be the best thing to hit Houston sports in quite some time.

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