The Wilpons may save some money

1 Comment

No, not by cutting Jeff Francoeur into pieces and selling him for scrap, but by virtue of a law winding its way through Congress that could allow them to hold on to $48 million that, under current law, they might have had to forfeit as a result of their connection to the Bernie Madoff Ponzi scheme.

The law — the details of which are are much better spelled-out in Dan Freed’s column at TheStreet.com — would prevent trustees cleaning up after Madoff-like scams from from collecting earlier investors’ “gains” and redistributing them to later, less lucky investors.  Such a move is called a clawback, and this proposed law would limit the maneuver. The Wilpons actually came out of the Madoff scam with a bit more money in their account than they
started with — $48 million, actually. Under present law, they’d be subject to clawbacks. If the law passes, the Wilpons will likely be in the clear.

Which isn’t necessarily an injustice or anything. On a very basic level, the Wilpons were victims just like the other investors. That they happened to be in earlier than others and thus got the benefit of Madoff’s phony investment gains as opposed to getting the shaft is not their fault. And besides, just because they got more money back than they put in doesn’t mean that they weren’t losers too. Indeed, they thought they were doing way better than their $48 million gain they got and likely structured their lives and businesses accordingly.  Because of this sort of thing clawbacks are controversial and problematic.  I can’t really speak to the merits of this particular law (I’m a bit out of my depth here), but the beliefs that clawbacks often work to unwittingly unjust ends is pretty widely held.

But I do know this much: as things currently stand, the Wilpons, if they have a bit of business sense, have $48 million mentally socked away to be given up in clawbacks later. If the law passes, however, it will be theirs to spend once again.

Maybe — just maybe — they’ll spend it on the Mets. 

Video: Andrew McCutchen thinks the scorer should be fired for scoring this play an error

Pittsburgh Pirates center fielder Andrew McCutchen (22) watches from the dugout during the seventh inning of a baseball game against the Detroit Tigers on Wednesday, April 13, 2016, in Pittsburgh. Detroit won 7-3.(AP Photo/Don Wright)
AP Photo/Don Wright
2 Comments

Pirates center fielder Andrew McCutchen had trouble coming up with an Anthony Rizzo line drive in the top of the third inning. The ball seemed to curve at the last minute, clanking off of McCutchen’s glove, setting up first and third with two outs for the Cubs. McCutchen was sacked with an error. Ben Zobrist then cranked out a three-run home run off of starter Juan Nicasio to put the Cubs up 3-0.

Per Rob Biertempfel of the Pittsburgh Tribune-Review, McCutchen said after the game, “Whoever scored that an error should be fired. That’s unbelievable. I did everything I could to catch it.”

Here’s the video. Rule 9.12(a) in baseball’s official rules states:

(a) The official scorer shall charge an error against any fielder:
(1) whose misplay (fumble, muff or wild throw) prolongs the time at bat of a batter, prolongs the presence on the bases of a runner or permits a runner to advance one or more bases

Pretty cut and dried stuff here. It was an error.

Joey Gallo to miss three to four weeks with a strained groin

Texas Rangers' Joey Gallo swats away an insect as he bats during the first inning of a baseball game against the Los Angeles Dodgers, Wednesday, June 17, 2015, in Los Angeles. (AP Photo/Mark J. Terrill)
AP Photo/Mark J. Terrill
Leave a comment

Rangers 3B/OF Joey Gallo will miss three to four weeks with a Grade 1 groin strain, Evan Grant of the Dallas Morning News reports.

Gallo, 22, has spent the season at Triple-A Round Rock, where he’s hit a productive .254/.400/.642 with seven home runs and 16 RBI in 85 plate appearances. Gallo was at times impressive in 123 plate appearances with the Rangers last year, but the club felt he needed some more work on his plate discipline, as he struck out 57 times in 123 PA at the big league level in 2015. At Triple-A this year, Gallo has drawn 17 walks and struck out 21 times.

Assuming he heals as expected from the injury, Gallo should join the Rangers at some point during the summer.

It’s May 4 and Daniel Murphy is still out-hitting Bryce Harper

Washington Nationals' Daniel Murphy hits an RBI single during the first inning of a baseball game against the St. Louis Cardinals Saturday, April 30, 2016, in St. Louis. (AP Photo/Jeff Roberson)
AP Photo/Jeff Roberson
2 Comments

Nationals second baseman Daniel Murphy flirted with the cycle in Wednesday afternoon’s 13-2 drubbing of the Royals, as he went 4-for-5 with a pair of singles, a two-run double, and a solo home run. That brings his triple-slash line on the season up to .398/.449/.663. Comparatively, teammate Bryce Harper — the defending NL MVP and arguably the best player in baseball — is currently hitting .266/.372/.649.

Murphy has always been an above-average hitter, but this level of hitting is something else. Of course, he flashed it in the post-season last year when he homered in six consecutive games, helping the Mets advance past the Dodgers in the NLDS and sweep the Cubs in the NLCS.

The Nats signed Murphy to a three-year, $37.5 million contract in January. If Neil Walker, acquired from the Pirates to replace Murphy, wasn’t hitting so well, the Mets would probably be jealous. Walker is hitting .296/.330/.582 with nine home runs and 19 RBI.

Video: Jon Lester tosses his glove to get the out

Chicago Cubs starting pitcher Jon Lester throws against the Pittsburgh Pirates in the first inning of a baseball game, Wednesday, May 4, 2016, in Pittsburgh. (AP Photo/Keith Srakocic)
AP Photo/Keith Srakocic
Leave a comment

It’s always fun when this happens. Cubs starter Jon Lester snagged a grounder hit back up the middle by Pirates catcher Francisco Cervelli in the bottom of the second inning. The only problem was that the ball got stuck in the webbing of his glove. Rather than fight to pry the ball out, Lester just lobbed his glove over to first baseman Anthony Rizzo to get the first out of the inning.

Lester has had issues throwing baseballs to first base, so maybe it was a good thing the ball got stuck in his glove.

Lester did this last year, too, by the way.