If you believe financial experts like Larry King, Mets owner Fred Wilpon and family lost as much as $700 million investing with former friend and current inmate Bernie Madoff. That, however, may be a slight exaggeration:
A partnership connected to the baseball team — which had widely been rumored to have lost money investing with Bernard Madoff — actually gained a net $48 million from its dealings with the convicted swindler, according to a bankruptcy-court filing.
The filing, by the court-appointed trustee handling claims for Madoff victims, is the first documentation of how deeply invested Mets principal owner Fred Wilpon was with Mr. Madoff, a longtime friend.
The filing showed that the Mets Limited Partnership, which is connected with Sterling Equities Inc., owner of the Mets, deposited about $523 million into two accounts with Mr. Madoff — and withdrew about $571 million.
Now that doesn’t necessarily mean that the Wilpons made money. Yes, it’s a net increase in the money in play, but (a) the Wilpons may have had his money with Madoff for many, many years; and (b) they may have believed, via Madoff’s fraud, that they were up way, way above that. So in financial terms the Wilpons could have suffered a huge loss in terms of forgone, legitimate gains, and they may have been making financial decisions based on a radically different position than the one in which they actually found themselves to be once the fraud was discovered. That’s not a $700 million loss, but it’s certainly not great either.
Sadly for Mets fans, however, the team’s competitive position remains just as dire as previously believed.
Double plays come in an assortment of combinations, from the standard 6-4-3 combo to some more unusual patterns. During the Mets’ 5-3 win over the Nationals on Saturday, however, what made this double play strange was less the product of an unorthodox route and almost entirely due to an unexpected collision on the basepaths instead.
In the bottom of the fourth inning, with the Mets trailing 1-0, Zack Wheeler caught Jose Lobaton swinging for strike three. Mets’ backstop Travis d'Arnaud fired the ball to second base, where the ball slipped out of Asdrubal Cabrera‘s glove as Jayson Werth slid into the bag for a stolen base. Second baseman Neil Walker fielded the ball in shallow center field, then tossed it to third base, and Jose Reyes tagged Werth easily for the second out of the play.
The Mets complimented their defensive efforts with a strong showing at the plate, reclaiming the lead with three home runs from Michael Conforto and Jose Reyes to clinch their tenth win of the year.
It’s been a miserable weekend for Nationals’ outfielder Adam Eaton, who stumbled over first base and injured his leg while running out an infield single in Friday’s 7-5 loss to the Mets. While the team officially placed the outfielder on the 10-day disabled list with a left knee strain on Saturday, FOX Sports’ Ken Rosenthal reports that Eaton has been diagnosed with a torn ACL in his left knee and is expected to miss the remainder of the 2017 season. The team has yet to confirm the diagnosis or announce a definite timetable for the 28-year-old’s return, perhaps due to extended evaluations by Eaton’s orthopedic doctor:
The Nationals appear to have several outfield options with Eaton on the disabled list, though they have not pinned down a long-term solution. Center fielder Michael Taylor replaced Eaton on the field during the tail end of Friday’s game, and returned on Saturday to man center and bat second in the lineup. The club also promoted top outfield prospect Rafael Bautista, who slashed .291/.325/.354 with five doubles and a .680 OPS through 19 games in Triple-A Syracuse this season. He’ll assume Eaton’s roster spot and looks to be available for a backup role in the outfield going forward.