Signs continue to point to hedge fund manager Steve Cohen buying into the Mets


Last month the New York Times identified hedge fund manager Steve Cohen as the frontrunner to buy a minority share of the Mets. Today the New York Post is saying that is still the case, reporting that Cohen was to meet with with the Wilpons and/or Saul Katz  “at 8 pm at Gabriele’s Steak House in his hometown of Greenwich, Conn.”  No word if he had the creamed spinach.

In the Times’ report, people who knew Cohen said that they would be surprised that he would accept a minority stake in the Mets, on the presumption that such a stake would provide him with no control over the direction of the team.  The Post reported last week, however, and repeats today, that “a minority owner will have significant input immediately on key budgetary decisions” and that he would “be part of a newly created board.”

Perhaps those changes were designed specifically for Cohen? Perhaps the hedge fund manager is looking for a foothold he could use to one day get a bigger piece of the Amazin’ pie?

David Phelps to undergo Tommy John surgery

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Pitcher David Phelps has a torn UCL and will undergo Tommy John surgery, ending his 2018 season, the Mariners announced on Wednesday. Phelps was making brief one-inning stints in the Cactus League as he worked his way back from a procedure to remove a bone spur from his elbow last September. He said he felt the ligament tear on his final pitch against the Angels in his March 17 appearance.

Phelps, 31, was expected to set up for closer Edwin Diaz. The right-hander, between the Marlins and Mariners last season, posted a 3.40 ERA with a 62/26 K/BB ratio in 55 2/3 innings. He and the Mariners avoided arbitration in January, agreeing on a $5.55 million salary for the 2018 campaign. Phelps will become eligible to become a free agent at the end of the season.

As the Mariners noted in their statement, the expected recovery period for Tommy John surgery is 12-15 months, so this very likely cuts into Phelps’ 2019 season as well.