For those of you following the Wilpon/Mets/Madoff train wreck, there’s a fascinating story in today’s New York Times which suggests that the Wilpons’ legal problems may just be getting started.
The upshot: when Madoff got arrested, the Wilpons and Saul Katz were strapped. Coming to their rescue: as many as eight banks who provided them with financing on which Sterling Equities continues to rely. The Times talks to multiple banking and legal experts who suggest that, in light of the current lawsuit — and all of the ugliness it’s dredging up — the banks could do any number of things, none of which are good for the Wilpons and Katz.
Things like calling in their loans now, which would put even more financial pressure on them to sell the Mets. Another possibility: they could comb through all of their own financial records relating to the Wilpons searching for something — anything — which, in light of the new information we’re all learning, could be used to cast the Wilpons in a bad light.
I don’t pretend to understand the complexity of the financial stuff. But I certainly do understand the overall when-it-rains-it-pours dynamic of these things. We’d all like to believe that people will stand strong with us when things get bad, but when a scandal erupts or a suit gets filed people either run for cover, look for someone else to throw under the bus or both. These banks are no innocents themselves. J.P. Morgan, for example, has its own Madoff-related problems. You can bet that if there’s a way to shift blame to or share blame with someone else, they’ll take it. The first big conversation with the lawyers in any mess like this involves the question of “who else can be invited to this party?”
Every day the Wilpons don’t settle with the trustee is another day when someone, somewhere, will consider jumping on the pile.
On Monday, the Potomac Nationals were slated to play the Lynchburg Hillcats in a match-up of two Single-A teams. The game, however, was suspended in the fifth inning. The goal was to play a double-header on Tuesday — a nine-inning game followed by a seven-inning game.
Tuesday’s double-header, however, was postponed due to wet grounds. So the Nationals and Hillcats will play a triple-header on Wednesday starting at 3:00 PM EDT. The suspended game will be resumed in the fifth inning and then the two sides will play two seven-inning games, per the Potomac Nationals.
That, well, is something. Minor leaguers don’t get paid enough to play 19 innings (at least) in one day.
Yankees GM Brian Cashman isn’t exactly thrilled with the way his team has played over the first 23 games. The Yankees were swept by the division rival Red Sox over the weekend, running their losing streak to five games and sending their record down to 8-15, good for last place in the AL East.
As David Waldstein reports for the New York Times, Cashman says he may be forced to make some changes soon. “There’s only so long you can allow it to go on before tinkering. But it just needs to stop,” Cashman said.
“I’ve done this job a long time and I put this roster together,” Cashman said. “I feel it’s significantly better than it has performed, and when it doesn’t perform up to expectations over the course of time, I have a history of making changes. I would rather not go that route, but when you are forced to do so, you are forced to do so.”
Who have been the biggest contributors to the Yankees’ demise?
- SS Didi Gregorius: .221/.250/.338 with only four extra-base hits in 73 plate appearances
- 3B Chase Headley: .156/.267/.156 with zero extra-base hits
- CF Jacoby Ellsbury: .247/.295/.371
- The starting rotation: The Yankees’ aggregate rotation ERA of 5.16 is fourth-worst in baseball
- Middle relief
Cashman said, “Some leashes might be shorter than others.”
Headley likely has the shortest leash. Utilityman Ronald Torreyes has hit well, boasting an .875 in a limited sample of 24 plate appearances, but he could cut into Headley’s playing time at third base if Headley can’t figure things out. Outfield prospect Aaron Judge could get called up. Outfielder Aaron Hicks, who has taken only 28 PA thus far, could also be in line for more playing time.
Everyone seemed to be able to hit Braves starter Mike Foltynewicz on Monday night. The right-hander served up three home runs to the Mets in the first inning, as David Wright, Yoenis Cespedes, and Lucas Duda each took him yard.
Even Mets starter Bartolo Colon wanted to get in on the action. Colon is not much of a hitter, as evidenced by his .089 career batting average and this swing he took two years ago.
Colon got a neck-high fastball from Foltynewicz and he was somehow able to make solid contact on it, sending a line drive down the left field line. It was foul, but it registered an exit velocity at 101.9 MPH via Statcast. Not bad for a guy whose hitting prowess is often the butt of a joke.
CSN Chicago’s Dan Hayes reports that the White Sox will designate starter John Danks for assignment. He notes the move is not yet official. Erik Johnson is expected to draw the start on Thursday as a result, Hayes adds. Danks was scheduled to start on Wednesday against the Red Sox, but Carlos Rodon will move up a day and start instead.
Danks, 31, was off to a bumpy start to the 2016 season. He lost each of his first four starts, compiling a 7.25 ERA with a 16/11 K/BB ratio in 22 1/3 innings. The lefty showed promise early in his career, but put up an aggregate 4.79 ERA since the beginning of the 2011 season. Danks was never able to find his stuff again.
Once Danks’ DFA is made official, the White Sox will have 10 days to find a trade partner, otherwise Danks will likely be released and become a free agent. Expect the latter, as Danks is owed the balance of his $14.25 million salary for the 2016 season, the final year of a five-year, $65 million extension signed in December 2011.
Danks has been in the White Sox organization since they acquired him from the Rangers in December 2006.