Forgive me if I’m not optimistic about the Wilpons’ chances of finding “strategic partners” who will gladly fork over millions in exchange for a minority share of the team, leaving the Wilpons in control. Why am I skeptical? Because the last time a baseball owner was in deep financial trouble and sought minority investors, it didn’t quite turn out the way he planned:
“I’ve been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy,” [Tom] Hicks said. “I’m doing the same thing with the Stars. At the end of the day, I’ll still have 51-to-60 percent of the ballclub and have new partners. That doesn’t change anything.
A little less than a year later Tom Hicks was being squeezed out completely while Mark Cuban and Chuck Greenberg fought tooth-and-nail for total control of the Texas Rangers.
It’s just a simple fact of investment life: minority shares in non-public entities are not worth anything close to what a controlling interest is worth. Perhaps the Mets, who likely have a much better potential cashflow than most teams, will still be an attractive investment who is merely interested in saying they own a piece of the team. But if the Rangers example is any indication, there aren’t a whole hell of a lot of people who want to be silent partners when the majority owner asking for a handout is in financial distress.
The Mets are an extremely valuable property. Their owners are in financial trouble. This is what most savvy investors call “an opportunity.” It strains credulity to think that people won’t make some offers for control of the Mets that the Wilpons find awfully hard to refuse.
On Sunday, it was reported that second baseman Neil Walker and the Mets were discussing a potential three-year contract extension worth “north of $40 million.” Those discussions took a turn for the worse. The Mets feel extension talks are “probably dead,” according to Mike Puma of the New York Post.
Walker underwent a lumbar microdisectomy in September, ending his 2016 season during which he hit .282/.347/.476 with 23 home runs and 55 RBI over 458 plate appearances.
The Mets may not necessarily need to keep Walker around as it has some potential options up the middle waiting in the minor leagues. Though Amed Rosario is expected to stick at shortstop, Gavin Cecchini — the club’s No. 3 prospect according to MLB Pipeline — could shift over to second base.
The story of Rick Ankiel is well known by now. He was a phenom pitcher who burst onto the scene with the Cardinals in 1999 and into the 2000 season as one of the top young talents in the game. Then, in the 2000 playoffs, he melted down. He got the yips. Whatever you want to call it, he lost the ability to throw strikes and his pitching career was soon over. He came back, however, against all odds, and remade his career as a solid outfielder.
It’s inspirational and incredible. But there is a lot more to the story that we’ve ever known. We will soon, however, as Ankiel is coming out with a book. Today he took to the airwaves and shared some about it. Including some amazing stuff:
On drinking in his first start after the famous meltdown in Game One of the 2000 National League division series against the Braves:
“Before that game…I’m scared to death. I know I have no chance. Feeling the pressure of all that, right before the game I get a bottle of vodka. I just started drinking vodka. Low and behold, it kind of tamed the monster, and I was able to do what I wanted. I’m sitting on the bench feeling crazy I have to drink vodka to pitch through this. It worked for that game. (I had never drank before a game before). It was one of those things like the yipps, the monster, the disease…it didn’t fight fair so I felt like I wasn’t going to fight fair either.”
Imagine spending your whole life getting to the pinnacle of your career. Then imagine it immediately disintegrating. And then imagine having to go out and do it again in front of millions. It’s almost impossible for anyone to contemplate and, as such, it’s hard to judge almost anything Ankiel did in response to that when he was 21 years-old. That Ankiel got through that and made a career for himself is absolutely amazing. It’s a testament to his drive and determination.