David Einhorn is getting one heck of a deal

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UPDATE: The New York Times confirms Adam Rubin’s report and adds that the deal being discussed between Einhorn and the Mets does not include SNY, which is the team’s television network. Einhorn didn’t say much during the conference call Thursday, but was adamant that he had “no interest” in owning a television station.

9:30 AM: Adam Rubin of ESPN New York reports that David Einhorn does indeed have a path to majority ownership with the Mets. Of course, that was the assumption all along, as it wouldn’t make much sense if he didn’t have that option, but the exact terms of the deal are a doozy.

Einhorn has agreed in principal to purchase roughly 33 percent of the team for $200 million, which will infuse cash and keep the organization solvent in the immediate future. In three years, according to the source, Einhorn has an option to up his stake to 60 percent, although principal owner Fred Wilpon and his family have an opportunity to block Einhorn from gaining that majority stake.

The source said the Wilpons can stop Einhorn from gaining the majority share essentially by returning Einhorn’s initial $200 million investment yet allowing him to keep the 33 percent share of the team.

So, basically, in three years either Einhorn will either have majority control of the Mets or get his initial $200 million investment back and still keep one-third of the team. Kind of makes you wish you had $200 million sitting around, right? Not only is this the best deal you’ll see this week (year?), but it also tells you how hard-up the Wilpons are for cash right now.

Rob Manfred talks about playing regular season games in Mexico

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The new Collective Bargaining Agreement commits the players and the league to regular season games on foreign soil. Most of the focus of this has been on games in London, for which there has been a lot of activity and discussion.

Yesterday before the Astros-Tigers game in Houston, however, Commissioner Rob Manfred talked about playing games in Mexico. And not as just a one-off, but as a foot-in-the-water towards possible expansion:

Commissioner Rob Manfred said Tuesday that the time had come to play regular-season games in Mexico City as Major League Baseball weighs international expansion.

“We think it’s time to move past exhibition games and play real live ‘they-count’ games in Mexico,” Manfred said. “That is the kind of experiment that puts you in better position to make a judgement as to whether you have a market that could sustain an 81-game season and a Major League team.”

A team in Mexico could make some geographic sense and some marketing sense, though it’s not clear if there is a city that would be appropriate for that right now. Mexico City is huge but it has plenty of its own sports teams and is far away from the parts of the country where baseball is popular (mostly the border states and areas along the Pacific coast). At 7,382 feet, its elevation would make games at Coors Field look like the Deadball Era.

Monterrey has been talked about — games have been played there and it’s certainly closer — but it’s somewhat unknown territory demographically speaking. It’s not as big as Mexico City, obviously. Income stratification is greater there and most of the rest of Mexico than it is in the United States too, making projections of how much discretionary income people may spend on an expensive entertainment product like Major League Baseball uncertain. Especially when they have other sports they’ve been following for decades.

Interesting, though. It’s something Manfred has talked about many times over the years, so unlike so many other things he says he’s “considering” or “hasn’t ruled out,” Major League Baseball in Mexico is something worth keeping our eyes on.

 

Joc Pederson and Yasiel Puig had a brutal collision in right center field

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The score was tied in the top of the 10th inning in last night’s game between the Dodgers and the Cardinals. Yadier Molina was up to bat, facing Kenley Jansen and drove one to deep right center field.

Yasiel Puig was in full run for the ball as center fielder Joc Pederson ranged hard for it himself. Puig caught the ball, but not before slamming into Pederson. Both men went down, but Pederson went down harder, taking an elbow to the face from Puig before crashing head-first into the outfield wall.

Watch:

 

Pederson came out of the game, apparently bleeding from his head. There will be an update on his condition today.

UPDATE: Oops, there was an update last night: