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McCourts Will Sell Los Angeles Dodgers if Jamie Wins

6/17/2011 9:40 AM PDT BY TMZ STAFF

Frank and Jamie McCourt just settled part of their divorce property dispute, but the headline ... if the judge decides in August that Jamie has a piece of the team, the Dodgers will be sold.

0617_mccourtsd_BN

Lawyers for Jamie and Frank said ... if Judge Scott Gordon rules on August 4 that the Dodgers are community property -- giving Jamie a 50% interest -- the team will be put up for sale.

Once sold, each will get 50% of the net proceeds.

If Judge Gordon rules the team is Frank's separate property, he keeps the team but he has to pay Jamie $100 million.

And, if Frank keeps the team, Jamie gets all the mansions except one -- Frank gets to keep the Montana Yellowstone property. 

0617_mccourts_launchBut there's a hitch.  The whole settlement is predicated on the Fox deal going through -- which would give the Dodgers a $385 million advance on the $3 billion broadcast deal to cover the teams bills, including payroll.

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