Fred Wilpon, Jeff Wilpon

The Wilpons fire back

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After yesterday’s New York Times story alleging that the Wilpons steered others toward Bernie Madoff’s ponzi scheme, the Wilpons have decided not to take this lying down. The Wilpons’ lawyer to the Daily News:

“We believe the complaint is baseless, both factually and legally. We have conveyed that to the trustee’s counsel. Fred Wilpon, Saul and the other partners did not know that Bernie Madoff was running a Ponzi scheme.” … None of the evidence, they added, suggests Wilpon and his associates knew that Madoff was engaged in the massive fraud that earned the former Wall Street star a 150-year prison sentence.

An anonymous source close to the Wilpons added “this is total extortion.”  And while the Wilpons or their lawyers have to be mindful of what they say publicly, Mike Lupica doesn’t, and today he rails at the bankruptcy trustee and the Times coverage, calling it a smear and calling Wilpon a victim in all of this.

A court will ultimately weigh in on all of this, so neither yesterday’s Times story nor today’s News story decides anything, of course.  Each can and probably should be read as a p.r. offensive by the bankruptcy trustee (Times story) and the Wilpons (today’s story in the News).  That doesn’t mean that anything in either story is false. It just means that we can’t take it at face value. Every plaintiff I have ever known has began a case by painting the defendant as an evil doer. Every defendant I have ever known has claimed that he’s the victim of a shakedown. This is par for the course.

What will really shed the most light on what’s going on is when and if the pleadings in the case are unsealed, as multiple media outlets are currently seeking to have done.  Because it’s one thing to leak or say something to a newspaper. It’s a totally different thing to say something in a legal document. Allegations in the complaint and subsequent filings by the trustee must be made in good faith and he is subject to legal sanction if they are truly “baseless” or if the case is really just “total extortion.”  I’d like to see those allegations and the exhibits the trustee contends supports them.

I suspect this settles before then. But I would really like to know what the trustee thinks he has on the Wilpons. Wouldn’t you?

Jose Bautista and the Blue Jays nearing a two-year, $35-40 million deal

Toronto Blue Jays Jose Bautista flips his bat after hitting a three-run homer during seventh inning game 5 American League Division Series baseball action in Toronto on Wednesday, Oct. 14, 2015. (Nathan Denette/The Canadian Press via AP) MANDATORY CREDIT
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It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.

Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.

The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.

Padres sign Trevor Cahill

Chicago Cubs relief pitcher Trevor Cahill (53) during the seventh inning of Game 3 in baseball's National League Division Series against the St. Louis Cardinals, Monday, Oct. 12, 2015, in Chicago. (AP Photo/Paul Beaty)
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The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.

As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.

He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.