Last week the Daily News reported that the Mets deal with investor David Einhorn was being slowed up because the Mets, no longer shackled by the exclusive negotiation window with Einhorn, were talking to others who may offer them a better deal. Today the New York Post tells a somewhat different story: the Einhorn deal isn’t sealed yet because another Mets lender — J.P. Morgan Chase — is blocking it.
Why? Because Einhorn’s deal, though thought of as an investment in the team, is functionally like a loan. As in, he’s offering the Mets money now, is taking a stake of the team as, essentially, collateral, and will be repaid in three years, at which time his stake is reduced to 16 percent. That 16 percent can be thought of as interest.
At least that’s how J.P. Morgan sees it. And, as someone who is owed way more money by the Mets than Einhorn will be, and as someone who lent money to the Mets earlier, they want to be paid back before Einhorn is.
So, the Mets are still negotiating with everyone and are likely still shopping around for other investment offers. But it’s not necessarily out of a pure position of leverage over Einhorn. It’s partially because they can’t yet get the deal done with him.
The Dodgers pulled through the five-game Championship Series without Corey Seager, but they’re counting down the days until their prized slugger/shortstop can make his first World Series appearance. He still has a ways to go before he can return to the field, however. Bill Plunkett of the OC Register reports that while Seager has been hitting off a tee, taking soft toss and running the curves of the infield, he’ll need to practice hitting in a simulated game before he can rejoin the team next Tuesday.
The 23-year-old infielder went 3-for-15 with a triple and two RBI in the NLDS earlier this month. He was sidelined in Game 3 of the series after making a bad slide into second base and sustaining a lower back strain. Although he’s made fairly rapid progress in his recovery over the last two weeks, he’s not back at 100% just yet, and Roberts said he won’t make a final decision on his status until it gets closer to game time. Even if Seager makes a successful return to his starting position, the Dodgers may not get the same .295/.375/.479 hitter they relied on during the regular season.
Provided that everything goes smoothly over the next two days, though, there’s a decent chance Seager will find his way to the infield — or, at the very least, to the plate. “We’re very optimistic,” Roberts said Saturday. “Corey doesn’t want to be denied.”