Fred Wilpon, Jeff Wilpon

Madoff trustee throws some new stuff at Wilpon and Katz

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Both the New York Times and the Post today run with the latest filing in the Bernie Madoff/Wilpon/Mets case. The allegation: in 2001 Wilpon and Katz went shopping for “fraud insurance,” and that by doing so it shows that they had reason to believe that Madoff was, in fact, a fraud, it says.

For those who forget, the trustee, Irving Picard, is claiming that because Wilpon and Katz “knew or should have known” that Madoff was a fraud, they are responsible to pay back hundreds of millions of dollars to Madoff victims, so this would be evidence supporting that, he claims.

Eh.  Look, I’m still generally skeptical of claims by the Wilpons that they were babes in the woods here, but this “shopping for fraud insurance” allegation doesn’t do much to support that in my mind.

For one thing, they didn’t buy the insurance. If they thought there was a serious risk of Madoff’s pyramid crumbling down, wouldn’t they have?

And more to the point, isn’t shopping for insurance a sign of prudence?  Just because I buy auto insurance doesn’t mean I’m gonna go crash my car into things. Just because I buy home owner’s insurance doesn’t mean I’m gonna burn the place down. I trust my doctor, but I’m damn glad he has malpractice coverage.

Insurance is just something you look into as a matter of course. You’d be shocked to see how many specialized insurance products are out there on the market. It’s almost as if insurance companies have a keen sense of how to prey on the insecurities of people in order to make a buck. They don’t mean anything in and of themselves.

So, sorry. If there were emails from back then saying “Hey, Fred! We all know that Madoff is a scam artist, so let’s buy some awesome insurance so we can skate!” fine, then it’s something. But the mere fact that someone was looking at this kind of insurance doesn’t do a whole hell of a lot for me. At best it’s spice in the gumbo. It’s not the shrimp, and without any shrimp, it’s pretty useless.

Orioles signed Tommy Hunter to a major league contract

ANAHEIM, CA - JUNE 12:  Pitcher Tommy Hunter #48 of the Cleveland Indians pitches in the ninth inning during the MLB game against the Los Angeles Angels of Anaheim at Angel Stadium of Anaheim on June 12, 2016 in Anaheim, California. The Indians defeated the Angels 8-3. (Photo by Victor Decolongon/Getty Images)
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The Orioles announced, prior to Sunday’s game against the Yankees, that the club signed pitcher Tommy Hunter to a major league contract. In related roster moves, the club recalled pitcher Oliver Drake from Triple-A Norfolk and designated pitcher T.J. McFarland and outfielder Julio Borbon for assignment.

The Indians released Hunter on Thursday after he struggled in a rehab assignment with Triple-A Columbus. Hunter was recovering from a non-displaced fracture in his lower back. The right-hander put up a respectable 3.74 ERA with a 17/5 K/BB ratio in 21 2/3 innings for the Indians.

This will be Hunter’s second stint with the Orioles. The O’s had acquired him along with first baseman Chris Davis at the trade deadline from the Rangers in 2011 in the Koji Uehara trade.

The Orioles are only responsible for paying Hunter the prorated major league minimum.

Orioles’ Mark Trumbo becomes the first to 40 home runs this season

NEW YORK, NY - AUGUST 28: Mark Trumbo #45 of the Baltimore Orioles hits a home run during the eighth inning of a game against the New York Yankees at Yankee Stadium on August 28, 2016 in the Bronx borough of New York City. (Photo by Rich Schultz/Getty Images)
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Orioles DH Mark Trumbo drilled a two-run home run to left-center field off of reliever Ben Heller in the eighth inning of Sunday afternoon’s game against the Yankees. In doing so, he became the first player to reach the 40-homer plateau this season.

Trumbo finished 1-for-4 on the afternoon. Along with the 40 dingers, he’s hitting .257/.317/.541 with 96 RBI. He has already set a career-high in homers and is four RBI away from tying his career high in that regard.

Trumbo is eligible for free agency after the season. Needless to say, his performance in 2016 bodes well for his ability to secure a hefty contract.