Wilpon: The Mets are “bleeding cash”

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There was a time, not too long ago, when if one were to suggest in a post on this blog that the Mets financial situation was dire, as opposed to merely being a troublesome, short-term cash flow annoyance, and that the Wilpons’ hold on the team was in serious jeopardy, as opposed to merely being subject to some moderate restructuring, that:

(a) a certain commenter who seems overly-invested in defending the Wilpons for someone not in their employ would show up here and claim that you were a fubulist; and

(b) the writer of such a post would receive emails from various people in official capacities claiming that he was being unduly harsh in his assessments with respect to the state of the Mets.

Given that Fred Wilpon is himself saying such things right now, however, I suppose it’s safe for me to pass this along from the New York Daily News without having to field such criticism:

The Mets are “bleeding cash” and could lose as much as $70 million this year, Fred Wilpon said in a story that will appear in this week’s Sports Illustrated. The embattled Mets owner told the magazine he fears the $1 billion clawback lawsuit filed by Irving Picard, the trustee who represents Ponzi scheme artist Bernie Madoff’s victims, could cost him ownership of the team if Picard prevails.

It is unknown whether, in the Sports Illustrated article, Wilpon once again loses the thread of the interview and slams Johan Santana or Francisco Rodriguez.

Twins sign Michael Pineda to a two-year deal

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The Twins just announced that they have signed pitcher Michael Pineda to a two-year contract.

Pineda, 28, has a 4.05 career ERA and has struck out 9.1 batters per nine innings over 680 career major league innings.

Pineda underwent Tommy John surgery this past July, so the Twins are buying a 2018 filled mostly with rehab and a pitcher for 2019. As such, the deal is probably not too taxing financially, but could pay off pretty well for them if Pineda comes back strong.