The report on baseball's Web site said the deal was submitted to U.S. Bankruptcy Court Judge Kevin Gross. Gross rejected a previous loan to the bankrupt team by the hedge fund Highbridge Capital.
Club owner Frank McCourt filed for bankruptcy in June, a move that is a violation of Major League Baseball rules.
Commissioner Bud Selig has said baseball's investigation of the Dodgers revealed McCourt diverted at least $180 million of team revenue for personal use. McCourt has complained that Selig put the Dodgers in danger by blocking a $3 billion television rights package he had reached with the Fox Network.