Fred Wilpon

Wilpon and Katz served as buffers between investors and Madoff

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Maybe Fred Wilpon and Saul Katz didn’t know anything about Bernie Madoff’s fraud, but after reading this in today’s New York Times do NOT tell me that they were “just like everyone else who was duped.”  Because as far as I know, no one else who was duped served as a buffer between everyday investors and Madoff, shielding him from any inquiries:

Mr. Wilpon and Mr. Katz marveled at Mr. Madoff’s record of success and talked of returns that would consistently outperform the market. But to be among those referred by the Mets’ owners, one had to agree to odd and puzzling terms that restricted direct contact with or questioning of Mr. Madoff. Sterling Equities, the family company that owns the Mets, would administer all the referred accounts and handle the transactions between the investors and Mr. Madoff’s firm.

Those invited into this rarefied club — including relatives of Sterling management, an investment banker who is also a supper club entertainer, a technology entrepreneur and a theater industry executive — would not send money to Mr. Madoff. Instead, it would be filtered through the Sterling partner and the Mets board member Arthur Friedman, a certified public accountant with a law degree who served as the liaison to Mr. Madoff’s operation.

Even if they hadn’t a reasonable doubt about Madoff in the world, the fact is that Wilpon and Katz were not mere victims like others were. They were a key part of his operation, however unwitting to the fraud, and they had higher duties than did common investors, and thus they have a greater responsibility to the other investors.

Sonny Gray was denied insurance coverage for the World Baseball Classic

MESA, AZ - FEBRUARY 22:  Pitcher Sonny Gray #54 of the Oakland Athletics poses for a portrait during photo day at HoHoKam Stadium on February 22, 2017 in Mesa, Arizona.  (Photo by Christian Petersen/Getty Images)
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The San Francisco Chronicle’s Susan Slusser reports that Athletics’ right-hander Sonny Gray will not pitch in the World Baseball Classic after failing to meet the necessary criteria for insurance coverage. He missed 70 days on the disabled list with forearm tightness and a back strain in 2016.

According to Oakland GM David Forst, Major League Baseball tried to persuade the insurance carrier to waive the requirements for Gray to pitch for Team USA, but the request was ultimately refused. Without coverage, Gray will be unable to participate in the competition, though Forst adds that the 27-year-old is still in perfect health as Opening Day approaches and should benefit from a slower spring training schedule without the added commitment on his plate.

Injuries complicated a down year for Gray, who pitched to a career-worst 5.69 ERA, 3.2 BB/9 and 7.2 SO/9 rate through 117 innings in 2016. His 1.4 HR/9 and 17.8% HR/FB rates suggested that he felt the effects of the home run spike more than most, capping a disappointing follow-up to his All-Star campaign during 2015.

While Gray works up to a healthy and productive start to the 2017 season, the Athletics will still see two players on WBC rosters next month: right-handed reliever Santiago Casilla, who is scheduled to pitch for the Dominican Republic, and fellow righty John Axford, for Team Canada.

Report: Josh Hamilton likely to undergo another knee surgery

ANAHEIM, CA - JULY 24:  Josh Hamilton #32 of the Texas Rangers in the dugout before a game against the Los Angeles Angels of Anaheim at Angel Stadium of Anaheim on July 24, 2015 in Anaheim, California.  (Photo by Jonathan Moore/Getty Images)
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Rangers’ outfielder Josh Hamilton is scheduled for another knee exam on Monday, according to Jeff Wilson of the Fort Worth Star-Telegram. Hamilton left camp last week after feeling some pain in his left knee and received a PRP injection to alleviate the symptoms. Wilson notes that both Dr. Walt Lowe and Rangers’ assistant general manager Mike Daly noticed little improvement in the days following the injection.

More drastic measures could be necessary if the 35-year-old intends to return to the field this year. MLB.com’s TR Sullivan adds that the Rangers are considering arthroscopic surgery for Hamilton, which would set him back at least 4-6 weeks and eliminate any real chance of his making the Opening Day roster in April. Until they see the results of the surgery, however, the Rangers won’t rule out Hamilton’s potential return to the big leagues in 2017.

Hamilton is looking at his third major procedure since the end of the 2015 season. He missed all of the Rangers’ 2016 campaign after undergoing reconstructive knee surgery last spring and has not seen a full workload in the majors since his 2013 run with the Angels. Should he make a full recovery this season, he figures to see some time at first base/DH or the corner outfield.