The Mets’ talking points have been that, were it not for the Madoff lawsuit, everything would have been hunky dory financially speaking. The New York Times reports this morning, however, that such is not the case:
When the owners of the Mets said in late January that they would seek buyers for up to 25 percent of the club, they cited “the air of uncertainty” created by the $1 billion lawsuit brought by Irving H. Picard, the trustee representing the victims of Bernard L. Madoff’sPonzi scheme.
But a look at the team’s financial condition — gleaned from public financial documents and numerous interviews — suggests the team may well have needed the proceeds from selling part of the team regardless of the suit.
The Times says that the team realized significantly lower revenues upon moving into Citi Field than they had anticipated and that combined with (a) the overall financial downturn; and (b) less-than-stellar on-the-field performances led to the Mets seeking investors on the down low prior to the lawsuit and their public announcement that they were looking for a cash influx.
The lawsuit is there now, of course, and that certainly trumps whatever cash flow issues the Wilpons were facing before in terms of financial uncertainty. But potential investors aren’t going to be on the hook in the lawsuit. They are, however, going to depend on Mets’ cash flow in order to vindicate their investment. If it’s less rosy than we suspect, it may be harder to justify taking the plunge.
With the 2017 World Baseball Classic around the corner, Team Israel has reportedly reached out to Indians second baseman Jason Kipnis, per MLB Network’s Jon Morosi. Tournament rules stipulate that a player’s roster eligibility can be achieved in one of several ways: they were born in the country in question or hold citizenship/permanent legal residence there (or are simply capable of qualifying for citizenship), or one of their parents was born in the country or holds citizenship/permanent legal residence there.
For Kipnis, it’s the latter. Kipnis’ father, Mark Kipnis, is Jewish. That gives Kipnis the status he needs to suit up for Team Israel, despite the fact that he is a practicing Roman Catholic. He has yet to confirm or deny his participation in the competition.
Fifteen players have confirmed for Team Israel so far, including Mets’ infielder/outfielder Ty Kelly and free agents Sam Fuld, Nate Freiman, Jason Marquis and Jeremy Bleich. Per MLB.com’s Chad Thornburg, eight minor leaguers will also appear for the team. Like Kipnis, at least three other major leaguers are eligible for Team Israel’s roster but have yet to accept or decline involvement in the WBC: Dodgers center fielder Joc Pederson, Mariners infielder/outfielder Danny Valencia and free agent left-hander Craig Breslow.
Free agent first baseman James Loney has reportedly signed a minor league deal with the Rangers, per FanRag Sports’ Jon Heyman. The deal includes an invite to spring training and a $1 million salary if he makes the major league roster in 2017.
Loney picked up a one-year stint and starting role with the Mets in 2016, slashing .265/.307/.397 with nine home runs in 336 PA. While his numbers were down a hair from the .280/.322/.357 batting line he produced with the Rays in 2015, he provided the Mets with a necessary, if underwhelming upgrade over an injured Lucas Duda through most of the season.
The 32-year-old infielder is expected to have some competition at first base, with at least five other candidates in the mix: Jurickson Profar, Ronald Guzman, Ryan Rua, Joey Gallo and Josh Hamilton. Rumor has it that the team is planning on platooning Rua and Profar in 2017, barring any impressive breakouts or injuries during spring training, though Loney could still provide the club with some veteran depth and a decent left-handed bat off the bench.