The Mets-David Einhorn deal is dead

21 Comments

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.

If the Tigers are sub-.500 at the end of June it’ll be fire sale time

Getty Images
3 Comments

Jon Morosi reports that that the Detroit Tigers will make all veterans available via trade if they’re still under .500 by the end of June.

This was the position they entered the offseason with — everyone is available! — but they ended up gearing up for one more push with the core of veterans they currently employ. It was not a bad move, I don’t think. With the exception of the Indians, the AL Central is mostly down, or at least appeared to be over the winter, with the Royals in decline and the Twins and White Sox seemingly a few years away from contention. The Twins, however, have been fantastic and the Tigers have mostly underachieved.

So we’re back to this. Which veterans the Tigers can reasonably unload, however, is an open question. J.D. Martinez is in his walk year, so while tradable, he may not bring back a big return. Guys like Justin Upton, Justin Verlander and Miguel Cabrera either have very large contracts or no-trade protection.

The end of June is still a while from now, of course, and while the Tigers are under .500, they’re only 4.5 games behind the Twins. But they had better turn it around or else it sounds like the front office is going to turn the page.

Must-Click Link: Remembering Eddie Grant the first major leaguer to die in combat

9 Comments

As you get ready for Memorial Day weekend and whatever it entails for you and yours, take some time to read an excellent article from Mike Bates over at The Hardball Times.

The article is about Eddie Grant. You probably never heard of him. He was a journeyman infielder — often a backup — from 1905 through 1915. If you have heard of him, it was likely not for his baseball exploits, however: it was because he was the first active baseball player to die in combat, killed in the Battle of the Argonne Forest in October 1915.

Michael tells us about more than Grant’s death, however. He provides a great overview of his life and career. And notes that Grant didn’t even have to go to war if he didn’t want to. He was 34, had the chance to coach or manage and had a law degree and the potential to make a lot of money following his baseball career. He volunteered, however, for both patriotic and personal reasons. And it cost him his life.

Must-read stuff indeed. Especially this weekend.