Multiple outlets are reporting this morning that the Mets have an agreement to sell 49% of the team to one David Einhorn of the hedge fund Greenlight Capital, Inc. for $200 million. The sale would not include a stake in SNY, it’s being reported. No word on what kind of managerial control, if any, Einhorn would have.
For those who care about such things, Einhorn is really young — he turns 43 this year — and is a serious poker player too. Colorful guy.
It’s also probably worth noting that Einhorn is in the news this week for much more significant business reasons: he, as one of the bigger shareholders in Microsoft, is calling for the company to fire its CEO Steve Ballmer. He’s also famous for being the guy who called B.S. on Lehman Brothers’ valuation and business practices well before anyone else did, and has made oodles shorting the stock of companies he feels are mismanaged. And he’s been pretty much vindicated in all of these assessments.
So: Einhorn is a guy who is not afraid to call for the head of management and he’s a guy who knows how to make a killing on a distressed asset. Yeah, I can totally see Einhorn agreeing to a deal in which he’s willing to sit back and let Fred Wilpon do everything he wants to do without any power to question, control or take over the course of the New York Mets. No question about it. It’s like, totally his M.O.
It may not be today and it may not be tomorrow, but I have this feeling that Fred Wilpon’s days as majority owner of the Mets are numbered.
The Seattle Mariners and the St. Louis Cardinals have made a minor trade. Seattle has acquired lefty Marco Gonzales from the Cardinals in exchange for outfielder Tyler O’Neill.
Gonzales, the Cardinals’ first round pick out of Gonzaga back in 2013, is in his first season back from Tommy John surgery. It’s been a good season, in which he has posted a 2.78 ERA and 64/17 K/BB ratio over 74.1 innings across two minor league levels. He’s pitched one game for St. Louis this year and got shelled, but we’ll leave that go.
O’Neill is a third rounder from 2013. He has hit .269/.344/.505 in five minor league seasons. He’s holding his own in Triple-A this year, smacking 19 homers in 93 games.
I’ve been out of the baseball card game for a good long time, but despite this — maybe because of this — I enjoy the posts from SABR’s Baseball Card Committee. A lot of that is old time stuff that old men like me enjoy — check out the airbrushing on the “Traded” cards! — but they talk about new cards too. Definitely worth your time if cards are now or have ever been your bag.
Today there’s an interesting post, pointing out something most of us wouldn’t have otherwise noted: Topps has dropped Chief Wahoo from Indians card designs. They’re doing it for the old Braves “screaming Indian” logo as well, though the Braves no longer use that themselves.
They’re not airbrushing these logos out of photos of players — that would be Orwellian even for my extreme Wahoo-hating tastes — but in card designs which have team logos, Topps is using the block-C logo, not Wahoo, and the Braves “A” logo in place of the old logo. This includes throwback issues like the Heritage sets which put modern players on card designs from the 1950s-1960s and on simple retro designs like their 1987 variations. Any cards which once featured Wahoo on the border or on the back now features the block-C.
As you may or may not know, Topps is now the official card producer for Major League Baseball. As such, I take their doing this as a sign that MLB is continuing the slow process of de-Chiefing in whatever areas it has ultimate say.
Now if only the Indians themselves would get on board.