david einhorn poker

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.

The Padres have homered in 25 consecutive games, tying an NL record

SAN DIEGO, CALIFORNIA - JULY 16:  Adam Rosales #9 of the San Diego Padres hits an RBI single during the tenth inning of a baseball game against the San Francisco Giants at PETCO Park on July 16, 2016 in San Diego, California.   (Photo by Denis Poroy/Getty Images)
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A third-inning two-run home run by Adam Rosales off of R.A. Dickey put the Padres up 2-0, but it also helped the Padres tie a National League record. The Padres have homered in 25 consecutive games, matching the 1998 Braves, the 1994 Tigers, and the 1941 Yankees. The major league record is 27, set by the 2002 Rangers.

The Padres hit three in total on Wednesday in an 8-4 victory against the Blue Jays. One of those dingers was an eighth-inning solo shot by rookie Alex Dickerson, who has now homered in four consecutive games himself. The one he hit on Monday is worth watching, as it got into the upper deck at the Rogers Centre.

As the Padres recently traded Melvin Upton, Jr. to the Jays, Dickerson is likely going to see regular playing time. That’s especially true if he keeps hitting like this.

Braves trade Lucas Harrell and Dario Alvarez to the Rangers

CINCINNATI, OH - JULY 20: Lucas Harrell #63 of the Atlanta Braves pitches in the second inning against the Cincinnati Reds at Great American Ball Park on July 20, 2016 in Cincinnati, Ohio. (Photo by Joe Robbins/Getty Images)
Joe Robbins/Getty Images
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The Braves have traded pitchers Lucas Harrell and Dario Alvarez to the Rangers, MLB.com’s Mark Bowman reports. The Rangers are sending 21-year-old infielder Travis Demeritte to the Braves, per MLB.com’s T.R. Sullivan.

Harrell, 31, has made five starts for the Braves this season, posting a 3.38 ERA with a 21/12 K/BB ratio in 29 1/3 innings. The rest of his season has been spent at the minor leagues, including Double-A Erie and Triple-A Toledo with the Tigers, as well as Triple-A Gwinnett with the Braves.

Alvarez, 27, has an even 3.00 ERA with a 28/5 K/BB ratio in 15 innings of relief for the Braves. He throws from the left side so he’ll give a particular boost to the Rangers’ bullpen when needed.

Demeritte was taken in the first round — 30th overall — by the Rangers in the 2013 draft and was considered the Rangers’ 20th-best prospect by MLB Pipeline. This year, with Single-A High Desert, he has hit .272/.352/.583 with 25 home runs and 59 RBI in 378 plate appearances. He has played second base almost exclusively, but has also logged time at shortstop and third base in his minor league career.

Harrell will be arbitration eligible for the first time after the season. Alvarez has accrued only 61 days of service time.