Fred Wilpon

Madoff bankruptcy trustee increases his claim against Wilpon and friends: to one BILLION dollars

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You can ask for anything you want in a complaint, but when you start off by asking for $300 million from the Wilpons and Saul Katz, and then increase your demand to one billion, one would assume there’s a reason for that:

The amended complaint also provides additional substantiation of the inter-dependent relationship between Sterling and BLMIS as well as certain Sterling partners’ knowledge of Madoff’s dishonesty in his investment advisory business. For instance, the amended complaint details a multi-million-dollar interest- and cost-free bridge loan from Madoff to Sterling in connection with its purchase of the broadcast rights for the New York Mets from Cablevision. This transaction was documented by a single letter agreement that falsely described the loan as an “investment” by Ruth Madoff in the company that would later become the SNY network.

That’s from the press release announcing the amended complaint.  If SNY is somehow brought into this lawsuit and somehow encumbered, it’s major trouble for the Wilpons, as the network is probably more valuable to them than the Mets are.

Now, I shall go refresh the New York Times web page until I see some great pro-Picard spin, and refresh the Daily News until I see some great pro-Wilpon spin.  Meanwhile: certain commenters who tend to be pro-Wilpon in these matters: please explain to us how this is no big deal.

UPDATE:  I received an email from the Wilpons’ and Katz’s P.R. people, with statements from both Fred Wilpon and from the New York Mets.  Here’s Wilpon’s statement:

“The amended complaint is the latest chapter in the work of fiction created by the Trustee.  We will pursue a vigorous legal defense that will set the record straight and vindicate us.”

And here’s the statement from David Cohen, the General Counsel of the Mets:

“This is more nonsense from the Trustee. The $54 million represented funds the Sterling partners had invested with Madoff, as the Trustee acknowledges. As the Trustee also acknowledges, that money was never used — and in fact was returned the next day — because the necessary funds were received from Sterling’s lenders by the buyout deadline, and were used to fund the buyout.”

A press release from the plaintiff and Official Statements from the defendants ain’t exactly the most efficient way to get to the truth of the matter, but I suppose that’s what the courts are for.

Good luck, gentlemen! We’re all watching!

The Royals and Cardinals make a minor trade

FILE - In this Oct. 6, 2006 file photo, a freshly painted St. Louis Cardinals logo adorns the grass behind home plate at Busch Stadium in St. Louis. The St. Louis Cardinals have been the toast of their Midwestern town for generations, a source of civic pride as one of baseball's most successful and cherished franchises. Suddenly, they're an embarrassment, under federal investigation for the previously unprecedented crime of hacking into the computer database of an opponent, the Houston Astros, whose general manager, Jeff Luhnow, is a former Cardinals executive. (AP Photo/Tom Gannam, File)
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The St. Louis Cardinals just announced that they have acquired minor league outfielder Jose Martinez from the Royals in exchange for cash considerations.

Martinez was the 2015 Pacific Coast League batting champ, hitting .384 in 98 games. This year he’s hitting .298/.356/.433 in 37 games. He doesn’t have a ton of power — he’s more of a doubles guy — and turns 28 this year so he’s not a prospect but he’s not chopped liver.

Meanwhile, Cash Considerations continues to be well-traveled. It must be hard for him to be dealt so many times a season. So much uncertainty and time away from his family. Feel for the guy.

What’s On Tap: Previewing Wednesday’s afternoon action

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We have a lot of day games today.

Steven Matz and Tanner Roark are both coming off of good starts against lesser teams and now face tougher tests. Tyler Duffey is coming off of a terrible start and faces the defending world champs. The Tigers are on a roll but Anibal Sanchez has still struggled a lot. He’ll try to get back on track against the weak-hitting Phillies lineup.

Jake Arrieta goes against a struggling Carlos Martinez in St. Louis. Arrieta has, obviously, been on a roll, with the only person coming particularly close to him being Clayton Kershaw. After Kershaw’s two-hit shutout the other day we’ll see if Arrieta can do the anything you can do I can do better trick. Though doing it against St. Louis is a taller order than Kershaw doing it against Cincy.

No matter what happens, God help these guys if they don’t talk to the media afterward.

New York Mets (Steven Matz) @ Washington Nationals (Tanner Roark), 1:05 PM EDT, Nationals Park

Kansas City Royals (Dillon Gee) @ Minnesota Twins (Tyler Duffey), 1:10 PM EDT, Target Field

Philadelphia Phillies (Aaron Nola) @ Detroit Tigers (Anibal Sanchez), 1:10 PM EDT, Comerica Park

Chicago Cubs (Jake Arrieta) @ St. Louis Cardinals (Carlos Martinez), 1:45 PM EDT, Busch Stadium

Los Angeles Angels (Hector Santiago) @ Texas Rangers (Colby Lewis), 2:05 PM EDT, Globe Life Park in Arlington

Cleveland Indians (Corey Kluber) @ Chicago White Sox (Jose Quintana), 2:10 PM EDT, U.S. Cellular Field

San Diego Padres (James Shields) @ San Francisco Giants (Jake Peavy), 3:45 PM EDT, AT&T Park

 

 

Matt Harvey to make his next start

NEW YORK, NY - MAY 19: Pitcher Matt Harvey #33 of the New York Mets walks off the mound after being relieved during the third inning of a game against the Washington Nationals at Citi Field on May 19, 2016 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Rich Schultz/Getty Images)
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After Matt Harvey‘s bad start last night — his third in a row in a heretofore lost season — many speculated that he could be skipped, sent down or shut down. If that happens it won’t happen yet, however. The Mets just announced that Harvey will make his next start against the White Sox on Monday.

Matt Harvey could not be reached for comment, but I’m sure if he did comment it would be interesting and insightful and would totally change the manner in which he was handled by the New York press corps.

Video: Mike Napoli face-plants into third base after a triple

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Indians DH/1B Mike Napoli has hit ten triples in his 11-year big league career, so sliding into third base after a long run is not something with which he has tons of experience. As such, the slide — and I use that term in the loosest sense possible — he executed — and I use that term as loosely as possible too — when he hit a triple last night against the White Sox was somewhat unconventional.

The best part, though, was that he didn’t even need to slide as the throw from the outfield was delayed due to the outfielder not getting a great handle on the ball and the relay throw which never came was dropped by the infielder. He could’ve gone in standing up.

Thank God he didn’t, though, because this was too good: