We don’t have the details or the back story yet, but Richard Sandomir of the New York Times just tweeted that the deal in which David Einhorn was to purchase a minority share in the Mets is dead.
This could cut a couple of different ways, really, but one distinct possibility is that Fred Wilpon saw other potential investors emerge in the weeks since Einhorn’s exclusive negotiating window closed and has found more favorable terms. Because the terms to Einhorn seemed pretty poor for Wilpon, given that they could have potentially resulted in him giving up a large chunk of the team for nothing or a controlling interest in the team for less than it was worth. It’s also possible that Einhorn just decided that he had better things to do with his money.
We’ll pass along more details as they become available, of course.
UPDATE: Danny Knobler reports that Einhorn backed out when Wilpon tried to change the deal on him in the last second. There are obviously two sides to every story, of course, so I presume we’ll get dueling official statements later today.
UPDATE: Here is Einhorn’s statement, just released:
“I am disappointed to announce that I will not be purchasing an ownership interest in the New York Mets baseball team at this time. It is clear that it will not be possible for me to consummate the transaction on the terms that the Sterling-Mets organization and I originally agreed to several months ago. The extensive nature of changes that were proposed to me at the last minute has made a successful transaction impossible.
“I want to thank the entire Mets organization and Major League Baseball for their efforts. This experience will always be a happy memory for me because of the Mets’ fans. A good number of you have reached out to offer me encouragement. I will always be touched by the warmth that you showed me.”
Your move, Wilpons.
The Astros, Braves and Nationals came sniffing around White Sox left-hander Jose Quintana during the Winter Meetings, but each appeared to find the Sox’ asking price well beyond what they were willing to give up for the starter. On Saturday, Peter Gammons revealed that the White Sox had floated Francis Martes, Kyle Tucker and Joe Musgrove as a possible return for Quintana.
It’s a strategy that worked well for Chicago in the past, most recently when they dealt Chris Sale to the Red Sox for Yoan Moncada and Michael Kopech, among others, and flipped Adam Eaton to the Nationals for a trio of pitching prospects. Astros’ GM Jeff Luhnow didn’t appear eager to sacrifice some of his core talent to net a high-end starter, however, and told the Houston Chronicle’s Jake Kaplan as much on Wednesday:
We’re prepared to trade players to improve our club right now. […] We’re just not prepared to trade away players that are core to our production in 2017, and those are sometimes the players that are required to get these deals done.
While Lunhow was speaking specifically to the inclusion of third baseman Alex Bregman in future deals, it’s not unrealistic to think that top prospects Francis Martes and Kyle Tucker would also be considered instrumental to the Astros’ plans for the next few seasons.
Martes, 21, currently sits atop the team’s top prospect list on MLB.com. The right-hander blazed through his first full season in Double-A Corpus Christi, posting a 3.30 ERA and career-best 9.4 K/9 over 125 1/3 innings in 2016. Tucker, meanwhile, profiles as the Astros’ second-best prospect and made a successful jump to High-A Lancaster last season, slashing .339/.435/.661 in 69 PA. Rookie right-hander Joe Musgrove is the only player left off the top prospect list, but he got off to a decent start with the club in 2016 as well, going 4-4 with a 4.06 ERA and 3.44 K/BB rate in 62 innings during his first major league season.
Twins’ right-handed pitching prospect Yorman Landa passed away in a tragic car accident on Friday night, per a team statement. According to Mike Berardino of the Pioneer Press, 22-year-old Landa was in the passenger seat of the vehicle when it struck a fallen tree.
Daniel Szew, Landa’s agent, spoke highly of the young pitcher, who was one of his first clients back in 2010. Szew acknowledged Landa for helping him expand his company, LA Sports Management, and referred to the late pitcher as a leader and his “little brother.”
He was very even-keeled,” Szew said. “That was his personality. He wasn’t wild. That’s why this is so tragic. He wasn’t a wild guy. He was a happy-go-lucky guy who took life as it came, and he was super happy — always happy.
If leadership was one facet of Landa’s personality, so was loyalty. The 22-year-old agreed to a minor league contract with the Twins on Tuesday after getting cut from the 40-man roster, fulfilling a promise to re-sign with the club despite fielding multiple offers from competing teams. The deal included an invite to spring training, and comments from his agent suggested that the right-hander was “super confident” he’d break through to the major leagues in 2017, notwithstanding a troublesome shoulder injury that hampered his progress in High-A Fort Myers during the 2016 season.
“He never wanted to leave,” Szew told Berardino. “It was the only organization he ever knew.”
Our condolences go out to Landa’s family and the Twins organization during this terrible time.