"Reporting from Wilmington, Del. — Frank McCourt must divest himself of the Dodgers and their stadium by April 30 but has sole authority to decide whether he keeps or sells the parking lots surrounding the stadium, according to the terms of his sale agreement with Major League Baseball.

Initial bids for the team are due by Jan. 13.

The agreement, filed late Tuesday in U.S. Bankruptcy Court, outlines the Nov. 1 settlement under which McCourt agreed to sell the Dodgers.

"McCourt shall not retain directly or indirectly any interest in the assets that comprise the team," according to the agreement."