File photo of David Einhorn speaking at 6th Annual New York Value Investing Congress in New York City

The Mets-David Einhorn deal is dead


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.

CC Sabathia’s bad weekend in Baltimore made him choose rehab

sabathia getty
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It was inevitable that someone would report on what, specifically, was going on with CC Sabathia in the run up to his decision to go into rehab yesterday. And today we have that story, at least in the broad strokes, from the New York Post.

Speaking to an anonymous source close to Sabathia, the Post reports that the Yankees’ starter more or less went on a bender from Thursday into Friday and continued on to Saturday, which resulted in his Sunday afternoon phone call to Brian Cashman in which he said he needed help.

Notable detail: Sabathia is referred to as “not a big drinker” in the story. Which is something worth thinking about when you think of others who have trouble with alcohol. It’s not always about massive or constant consumption. It’s about the person’s relationship with substances that is the real problem. Many who drink a good deal are totally fine. Many who don’t drink much do so in problematic ways and patterns. For this reason, and many others, it’s useful to avoid engaging in cliches and stereotypes of addicts.

Marlins owner Jeffrey Loria may push to trade Marcell Ozuna

Marcell Ozuna

First the Marlins demoted promising 24-year-old outfielder Marcell Ozuna to Triple-A in July, then they kept him there far longer than warranted because of presumed service time considerations, and now they may be looking to trade him.

Barry Jackson of the Miami Herald reports that Marlins owner Jeffrey Loria “is down on him and will consider trading him” despite several members of the front office wanting to keep Ozuna because … well, he has a lot of long-term upside.

Ozuna described being stuck at Triple-A as “like a jail” before finally being promoted back to the majors after hitting .317 with a .937 OPS in 33 games for New Orleans. His plate discipline needs work, but Ozuna has 25-homer power and the range to play center field. If the Marlins make him available via trade a bunch of teams will be calling.