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.
The Cubs announced on Wednesday that pitcher Brett Anderson was activated from the 60-day disabled list and subsequently designated for assignment to open up a spot on the 40-man roster.
Anderson, 29, had been out since May 7 with a lower back strain. Across six starts prior to the injury, the lefty yielded 20 earned runs on 34 hits and 12 walks with 16 strikeouts in 22 innings. He has logged just 33 1/3 innings over the last two seasons and has crossed the 50-inning threshold just since dating back to 2011.
Despite his lengthy injury history, Anderson will likely still draw some interest once he becomes a free agent as he throws with his left hand and can be had for the major league minimum salary.
Reds infielder Dilson Herrera will undergo surgery to remove bone spurs from his right shoulder. His season is over.
Herrera, you may recall, was acquired from the Mets in the Jay Bruce trade last year. He played in 49 games for the Mets, but spent all of last year and this year in the minors. In parts of seven minor league seasons he’s hit .295/.357/.461 with 67 homers and 87 stolen bases in 631 games.
Herrera, one time a top-5 prospect of the Mets, was expected to play in the bigs this year, but hasn’t. He was expected to challenge for the starting second base job for the Reds next year, but that’s obviously in doubt now. The worst part: he’ll be out of minor league options next year, so the Reds will be pressured to either put him on the big league roster fresh off an injury or else risk losing him via waivers, which I suspect he’d be unlikely to clear.