AP source: Rubenstein has a deal to buy the Orioles for $1.725B

The person spoke to The Associated Press on condition of anonymity Tuesday night because the agreement had not been announced. Rubenstein, a Baltimore native, would take over as the team’s controlling owner, and he’s assembled an investment team that includes Ares co-founder Michael Arougheti.

The Angelos family has been in control of the Orioles since 1993, when Peter Angelos purchased the team for $173 million. Angelos’ son John is the team’s current chairman. The team recently reached a deal on a new lease extension at Camden Yards. Maryland officials approved that long-term agreement after months of negotiations.

The deal extended the lease for 30 years, with an option to end it after 15 if the team does not receive approval from state officials for development plans next to the ballpark.

Prior to forming Carlyle in 1987, Rubenstein practiced law in Washington. From 1977-81, he was a deputy assistant for domestic policy to President Jimmy Carter. After graduating from Duke in 1970, he attended University of Chicago Law School.

The sale agreement, which requires approval from major league owners, was first reported by Puck.

The Orioles are coming off a 101-win season and their first AL East title since 2014. With young stars like Adley Rutschman and Gunnar Henderson — and another top prospect on the way in Jackson Holliday — the future looks as bright as it has in a while for a team that hasn’t won a World Series since 1983.

BLUE JAYS: Whether he wins or loses, Vladimir Guerrero Jr. will set a record for the highest salary ever awarded in arbitration. Guerrero has asked for $19.9 million and been offered $18.05 million, meaning he’s guaranteed to top the $14 million former Toronto teammate Teoscar Hernández received from Seattle. … Infielder Justin Turner agreed to a $13 million, one-year contract, according to a person familiar with the deal. Turner hit .276 with 23 homers, 96 RBIs and an .800 OPS last season for the Boston Red Sox. 

RANGERS: World Series MVP Corey Seager had surgery Tuesday for a left sports hernia repair and the All-Star shortstop will miss most of spring training for Texas. General manager Chris Young said Seager had the surgery in Arizona, where the team hold spring training, and will remain there for rehabilitation. The Rangers are hopeful Seager will be ready by opening day.

METS: Adam Ottavino finalized a $4.5 million, one-year contract that keeps the veteran reliever with his hometown team in New York. Ottavino spent the past two seasons with the Mets, going 1-7 with a 3.21 ERA and a career-best 12 saves in 66 appearances last year.

TIGERS: Colt Keith, a 22-year-old infielder who hasn’t faced a big league pitch, agreed to a six-year contract worth $28,642,500 with Detroit. He is ranked the No. 22 big league prospect by MLB.com and the Tigers organization thinks even more highly of him as a player and a person.

MARINERS: Seattle acquired infielder/outfielder Samad Taylor from the Kansas City Royals on Tuesday for a player to be named or cash. Taylor made his major league debut last season, appearing in 31 games for the Royals. He hit .200 with 11 runs scored and eight stolen bases in 31 games.

BURNED: Fire crews found the burned remnants of a prized bronze statue of Jackie Robinson that was stolen last week from a public park in Kansas. The statue, which was cut at the figure’s ankles, went missing Thursday morning. It honors the first player to break Major League Baseball’s color barrier in 1947.