SIPA Trustee Picard speaks during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Picower to settle civil claims for victims of Madoff's ponzi scheme

500 Madoff victims want Irving Picard to resign

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I missed this yesterday (Wilpon PR people! Where was my head’s up email?!), but the Daily News reports that 500 of Bernie Madoff’s victims wants Irving Picard — the guy who is supposed to be suing to recover money to benefit these victims — to be replaced as trustee.

The reason? According to the lawyer representing these victims, Picard has been dishonest and has withheld information.  The filing specifically cites a settlement Picard reached with a Madoff co-conspirator. I’ve not seen the filing and the Daily News is less than 100% clear about what the victims are alleging, but you would expect to see a filing like this if victims felt that the trustee did not use his best efforts in landing the settlement or did not get enough money out of it.  You would not expect victims to argue that, say, the trustee has overreached and landed too great a recovery.

Yet, despite this, the Daily News then pivots to multiple comments from politicians — most notably Congressmen Peter King and Gene Ackerman — who accuse Picard of being overzealous in going after the Wilpons and the Mets. It seems to me, however, that such claims are not similar to the claims of victims who think that Picard was not zealous enough in recouping their losses. Which is it?

But there is a common thread: dishonesty. The victims claim that Picard withheld information that would have helped them. The Wilpons and their surrogates claimed in their recent motion to dismiss that Picard withheld information that would have harmed his case.  Despite the differences between the victims’ and the Wilpons’ positions, that’s a claim that is worth watching and with which the court will now occupy itself.

One additional note: over at Amazin’ Avenue, Matthew Callan asks why this didn’t get picked up by more people yesterday:

This morning, most of the Mets news centers around Times story that claims the Mets have suffered significant financial losses in the last few years–as much as $50 million in 2010 alone. A big story, definitely, one I’ve heard and seen discussed in multiple media. But the Picard-must-resign story remains curiously unexplored by anyone outside the News.

This gives weight to my conspiracy theory (put forward earlier this week) that the harsh treatment the Wilpons have received from the press in re: Madoff has little to do with justice or financial malfeasance and more to do with raking them over the coals for the team’s performance. Because otherwise, a call for Picard’s resignation would have to be big news. Even if you think the News is totally in the tank for the Wilpons, it’s a story that at least deserves investigation and comment, if only to dismiss it. Doesn’t it? Or am I the only nut who thinks so?

I’ll grant that there is a lot of Mets schadenfreude going on with this story and that — hey — when the story isn’t about something dreadful happening to the Wilpons, some people turn their receptors off.  I’d submit, however, that there is a less conspiratorial reason for this: the Picard-must-go story is only tangentially-related to the Mets.

Rather, it’s about a dispute between Picard and his clients related to a deal that has nothing to do with the Wilpons or the Mets, the grandstanding and irrelevant quotes of Peter King notwithstanding.  While I noted above that there is at least one link — Picard’s alleged disingenuousness — it’s a tenuous link based more on overarching case themes, not the hard news of the day. As a lawyer I find this stuff interesting and relevant, but you can’t look at this story and say, in simple terms, that it affects the Mets in a direct, reportable way. Not yet anyway.

Anyway, that’s my theory.  If the Mets are front-and-center, it gets coverage. If not, it’s simply not a sexy story outside the business and/or legal press.

Billy Butler activated from the 7-day concussion disabled list

OAKLAND, CA - JULY 24: Billy Butler #16 of the Oakland Athletics celebrates a solo homerun in the bottom of the eighth inning to regain the lead against the Tampa Bay Rays at the Oakland-Alameda Coliseum on July 24, 2016 in Oakland, California.  (Photo by Don Feria/Getty Images)
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The Oakland Athletics have activated DH Billy Butler from the 7-day concussion disabled list.

Butler, you’ll recall, suffered a concussion last weekend in a clubhouse fight with teammate Danny Valencia. The two have since apologized to each other and to the A’s organization for creating what would, if everyone’s being honest, serve as the dramatic peak of the A’s disappointing year.

Speaking of disappointing, Butler is hitting.286/.338/.419 with four homers and 30 RBI in 228 plate appearances this season.

Tim Tebow to work out for 15-20 teams

ARLINGTON, TX - DECEMBER 31:  Broadcaster Tim Tebow of the SEC Network speaks on air before the Goodyear Cotton Bowl at AT&T Stadium on December 31, 2015 in Arlington, Texas.  (Photo by Scott Halleran/Getty Images)
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FOX Sports’ Jon Morosi reports that Tim Tebow’s baseball workout, which will take place tomorrow in Los Angeles, will be attended by scouts from “roughly half” of the 30 major league teams. Morosi noted in a later tweet that a lot of the people going to see the workout are people “with influence.” That could mean that people are taking him seriously. It could mean that people want to gawk. The proof will ultimately be in the pudding.

As we’ve noted, Tebow is 29 and he asn’t played competitive baseball since high school. While some people who have watched him work out have said complimentary things about his preparation and approach, an anonymous scout told ESPN.com last week that Tebow’s swing is so long it might “take out the front row.”

Color us skeptical until someone who works for a club, as opposed to people who have been invited to coach him, pitch to him or work out with him, says that Tebow has a chance.