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Cal Ripken Jr., Grant Hill among group that's agreed to buy Orioles

Cal Ripken Jr. and Grant Hill are part of the investor group that has agreed to buy the Baltimore Orioles, and so are former New York Mayor Michael Bloomberg and former Baltimore Mayor Kurt Schmoke.

The group is headed by Baltimore native David Rubenstein, co-founder of the Carlyle Group. Additional investors were revealed in a news release Wednesday announcing the agreement between Rubenstein and the Angelos family.

"I am excited to once again be a part of the Orioles organization and I thank David for including me in the ownership group," Ripken said in a statement.