Your quick and dirty guide to the Wilpon-Madoff mess

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Over at MLB Trade Rumors, Howard Megdal has put together a very handy bullet point summary of everything a baseball fan needs to know about the Bernie Madoff-Mets fiasco we spent much of last week discussing.

I think the key point to all of this is the stuff Howard cites — with linkage goodness — explaining how, even if the figure the bankruptcy trustee is seeking is on the low end, the amount of liability we’re talking about here and the degree to which the Wilpons have already gone into debt for the Mets’ sake renders a partial sale almost laughable as a workable plan.

In any event, as news happens we’ll continue to tackle it in detail. But Howard’s primer is probably bookmark material if you care about this case or the effect it will have on the Mets.

Report: Yankees trade Chase Headley to the Padres

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Joel Sherman of the New York Post reports that a source is telling him that the Yankees have traded Bryan Mitchell and Chase Headley to the San Diego Padres.

Headley, a third baseman, hit .273/.352/.406 for the Yankees last year. He, of course, played for the Padres from 2007 through the middle of 2014, when he was dealt to New York. Mitchell has pitched 48 games for the Yankees, most from the pen, over four seasons, with an ERA of 4.94 in 98.1 innings. He doesn’t strike out many and he walks a lot.

No word yet on what the Padres could be sending to New York. We’ll obviously update as soon as more is learned.