A federal appeals court yesterday gave some bad news to Mets owners Fred Wilpon and Saul Katz: the bankruptcy trustee’s calculation of how much Madoff money they have to return was upheld — and Wilpon and Katz’s much lower calculation denied — meaning that they have to fork over $300 million.
To be clear: this is a separate issue from the “Wilpon and Katz should have known it was a scam” claims that the trustee has been advancing and for which he is seeking some $700 million. That will be taken up Friday in another hearing and, based on some previous indications from the judge, the trustee has an uphill climb in establishing that Wilpon and Katz should be on the hook for that.
But even though this is much smaller in dollars and does not touch on any culpability on the part of the Mets’ owners, it ain’t exactly good news for them either. At least, assuming they don’t have a spare $300 million laying around.
Free agent middle infielder Danny Espinosa signed a minor-league deal with the Blue Jays, the team announced Saturday. The deal includes an invite to spring training, where Espinosa is scheduled for his first split-squad game against the Orioles this afternoon.
Espinosa, 30, was inked to another minor-league deal with the Yankees in January. The veteran infielder was competing for an infield job until the team picked up second baseman Neil Walker on a one-year, $4 million deal last Monday. Prior to his release, he slashed .160/.276/.320 with one home run through his first 12 games with the Yankees this spring. He didn’t fare much better in the majors last year, either, batting a cumulative .173/.245/.278 with six home runs and a .523 OPS in 295 PA for the Mariners and Rays.
Blue Jays starting shortstop Troy Tulowitzki is still dealing with a bone spur in his heel and has officially been ruled out for Opening Day, which could clear a path for Espinosa to claim a starting role in Toronto. Of course, he won’t be the only candidate under consideration — Yangervis Solarte and Aledmys Diaz are still in the mix as well, though no final decision appears to be made just yet.