The richest man in Los Angeles, Patrick Soon Shiong, has joined up with Steven Cohen‘s Los Angeles Dodgers ownership group.

Patrick Soon-Shiong, the richest man in Los Angeles, has joined the Dodgers bid group led by hedge-fund billionaire Steven Cohen.

The alliance is the strongest indication yet of Cohen’s intention to present outgoing owner Frank McCourt with a final bid that reflects prominent local support rather than just overwhelming East Coast money.

If McCourt were to accept the Cohen bid, he would be rejecting one led by local icon Magic Johnson. Soon-Shiong has held several meetings with McCourt since the Dodgers were put up for sale in November, according to people familiar with the process.

Soon-Shiong had been widely expected to join the bid group led by Johnson, from whom he bought a minority share in the Lakers two years ago. Soon-Shiong’s decision to join Cohen was confirmed Sunday by two people familiar with the sale process but not authorized to comment.

That’s a gigantic win for Cohen, not only because of the money Soon Shiong brings, but because of Soon Shiong’s local roots, which was a significant criticism of Cohen’s group.

So while Dodgers fans are apparently dancing with visions of being the West Coast version of the New York Yankees, here’s some potentially terrible news about Cohen’s group’s involvement with Tony La Russa.

There’s just one problem with Tony La Russa becoming a key decision-maker for the Los Angeles Dodgers if Steve Cohen succeeds in buying the club.

La Russa is such a strong personality, his presence might diminish the Dodgers’ chances of hiring one of the top current general managers, according to rival executives.

The next owner of the club could retain GM Ned Colletti and give him the chance to operate with a payroll greater than $90 million, the Dodgers’ figure this season. But if the owner wants his own man, an incoming GM might balk at working for La Russa, who has zero front-office experience.

All of this is speculation; the bidding is not nearly complete. But, as rival execs see it, a GM such as the Tampa Bay Rays’ Andrew Friedman or Arizona Diamondbacks’ Kevin Towers likely would not leave their current situations for limited autonomy in L.A.

Yeah … barf.

Ned Colletti already had his chance with a payroll of more than $90 million dollars, and I think we all remember what he did with it.

La Russa being an obstacle to somebody like Andrew Friedman coming to the Dodgers just says it all. Money is great, but I prefer the correct baseball people being put in place over most everything else. I’d rather have Friedman with a $125 million payroll than Colletti with a $200 million one, that’s for sure.

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With Cohen’s addition of Soon Shiong, it’s widely accepted that they are now the favorites, and Maury Brown has an awesome detailed breakdown of the four remaining groups at Baseball Prospectus.

Basically, as has been previously covered, the Magic Johnson/Stan Kasten group is the best fit in terms of overall monetary bid, front office experience, and local ties, but the amount of cash equity is unknown. Cohen’s group offers a ton of cash equity and he solved the local ties problem with the addition of Soon Shiong. However, his company’s insider trading investigations is a red flag and what they seem to be planning to do on the baseball side of things is horrifying.

Both have their pluses and minuses, and it’s becoming increasingly apparent that they are the main players.

The race is really coming down to two groups in Magic/Kasten and Cohen. The distance for the other two, along with cross-ownership concerns, is likely enough to move Kroenke and Heisley/Ressler out of the picture. As a result, it seems as though it’s going to boil down to the bankruptcy court and Frank McCourt.

McCourt has a chance to go out a winner in selecting the Magic/Kasten group. While the cash piece is critical, unless it is so far out of skew as to not be competitive, it would be smart to take the goodwill and operational excellence that comes with Magic/Kasten, which is head and shoulders above the others in this regard. By the same token, if the deal is structured closely to Cohen’s, MLB needs to push for the same. There’s every reason to want the Magic/Kasten group in place, and who knows? If the Mets continue to slide into the abyss, the league might be able to have their cake and eat it too. Magic/Kasten could own the Dodgers and Cohen could land his more favored Mets.

Taking everything into consideration, an ever so slight edge is going to Cohen winning the day. While it may not be the best ownership group at the moment, the group does seem the most likely to be destined for a win. In that, Magic/Kasten could have by far the best winning—yet losing—group in the mix.

Not the best or the smartest, but the one with the most money.

Not the start I would want.

Bill Shaikin of the Los Angeles Times writes that Patrick Soon Shiong, long speculated to eventually attach himself to an ownership group, will indeed be involved in the process.

Dr. Patrick Soon-Shiong, who could sway the balance of financial power in the Dodgers’ ownership derby, will “absolutely participate” in a bid for the team, his representative said Tuesday.

Soon-Shiong, the richest man in Los Angeles, soon could emerge as a major player in the local sports scene. He owns a small share of the Lakers, might soon own a large share of the Dodgers and is interested in ownership possibilities should the NFL return to Los Angeles.

Soon-Shiong is a doctor, biotech investor and philanthropist. Forbes estimated his net worth at $7 billion in September.

The big question though is who he will eventually link up with.

His endorsement has the potential to make any group the front runner, but it could mean that other groups who already have lesser financial means are basically left in the dust.

On the surface, his ties with Magic Johnson would appear to make that group the favorite for his services. Personally, there’s nothing I would like more.

MSTI: Mike Petriello asks how good Matt Kemp‘s contract looks in light of other long term deals. Pretty awesome, I’d say.

Grantland: Bill James goes through the best pitcher duels of 2011 and the Dodgers land on the list 10 times.

3. July 20, 2011, Dodgers at San Francisco, Clayton Kershaw against Tim Lincecum

5. September 9, 2011, Dodgers in San Francisco again, Kershaw and Lincecum rematch

23. June 26, Angels at Dodger Stadium, Jered Weaver against Clayton Kershaw

31. August 2, Dodgers in San Diego, Mat Latos against Hiroki Kuroda

32. March 31 (season opener), San Francisco in Los Angeles, Lincecum against Kershaw

35. June 8, Dodgers in Philadelphia, Hiroki Kuroda against Cole Hamels

36. July 9, Dodgers in San Diego, Rubby de la Rosa against Aaron Harang

42. June 19, Houston in L.A., Bud Norris against Hiroki Kuroda

60. September 14, Arizona in L.A., Daniel Hudson against Clayton Kershaw

82. July 8, San Diego in Los Angeles, Mat Latos against Chad Billingsley

No surprise to see Clayton Kershaw there five times. Hiroki Kuroda being there three times goes to show how effective he was and how the team gave him no support. Interesting cameos by both Rubby De La Rosa and Chad Billingsley in games that I didn’t remember.

Minor League Ball: John Sickels has the Dodgers farm system ranked in the bottom third.

22) Los Angeles Dodgers: Some intriguing pitching depth, much of it fairly close to the majors, but not much hitting.

Not sure if I agree or not yet, but my instinct is to concur.

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ESPN: Jayson Stark relays the thoughts of one executive who thinks the Dodgers are going to be huge spenders next off-season.

As Buster Olney has mentioned recently, if Hamels does reach free agency, the Dodgers will be perfectly positioned to make it worth his while. It’s amazing, in fact, how much other teams fear the Dodgers’ potential spending power once their new owner is in place. Remember, L.A. has only TWO players on the roster signed beyond 2013 — Matt Kemp and Chad Billingsley.

“Next year this time,” said an exec of one team, “the Dodgers will be THE team calling up every marquee free agent. They’re going to have serious money. They’ll be the Yankees West. They can just look at that free-agent list and cherry-pick whoever they want. And why would anyone not want to go there? They’ll be the sleeping giant in free agency next year.”

Makes sense.

ESPN: Andre Ethier doesn’t understand why the Dodgers can’t be signing Prince Fielder.

The ownership limbo seemingly affected the Dodgers’ ability to deal in free agency this offseason, with general manager Ned Colletti saying earlier this month the team was essentially done with its offseason acquisitions because “we’re at our payroll.” So when news broke Tuesday of the Detroit Tigers nearing a deal with marquee free agent Prince Fielder, it wasn’t lost on Ethier.

“Why can’t the Dodgers be doing that? Look at the markets those two teams are, and the stability you see through the front office and the team being able to operate … on the level it should be,” he said, adding, “you don’t try to think of it too much as a player, but obviously if you’re not going after the big fish like other teams are, like our partners are down there to the south of us, the Angels [who acquired Albert Pujols], it’s tough to go out there and keep competing year after year if you’re not going out there and making your team better every year. “I think that’s the situation we’ve been in. Obviously it’s going to get better from here on out because of the sell and getting new people in there.”

Oops.

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Dodgers Now: Patrick Soon Shiong, the richest man in Los Angeles, will not bid on the Dodgers, but may join a bid.

The richest man in Los Angeles has not bid for the Dodgers.

However, Dr. Patrick Soon-Shiong could join the Dodgers sweepstakes soon — not by bidding on his own, but by joining one of the groups already in the running to buy the team. Soon-Shiong has met with several prospective bidders, and he had dinner recently with outgoing Dodgers owner Frank McCourt.

If he links up with the Magic Johnson group, this could get good.

CBS Sports: Jon Heyman said on Twitter that Steven Cohen is the biggest threat to win the Dodgers. Ugh.

I recapped all the Dodgers bidders here, so go find out why I don’t want him.