File image of New York Mets chairman and CEO Fred Wilpon talking to reporters at a news conference in New York

The Wilpons believe that they can attract investors

11 Comments

The Mets had a conference call with their lenders on Thursday and during the call they said that they were optimistic that they can sell multiple $20 million-$30 million stakes in the team between now and the end of the year. Stakes they have to sell, you’ll recall, because their deal to sell one big $200 million chunk to David Einhorn fell through.

The New York Post reports, in contrast, that “both a potential bidder and a source close to the situation said they believed the Mets would have a hard time finding buyers for the smaller investment stake.”

I’m not sure what the upside is for someone purchasing a small stake like that. No chance for exerting any real control, no chance for majority ownership and, given the current state of Mets finances, a much greater chance that they’d be asked to make future capital calls as opposed to cashing future dividend checks.

Marlins acquire Severino Gonzalez from the Phillies

PHILADELPHIA, PA - SEPTEMBER 15:  Severino Gonzalez #52 of the Philadelphia Phillies delivers a pitch in the ninth inning against the Pittsburgh Pirates at Citizens Bank Park on September 15, 2016 in Philadelphia, Pennsylvania.  The Pirates won 15-2. (Photo by Drew Hallowell/Getty Images)
Drew Hallowell/Getty Images
1 Comment

The Marlins announced on Tuesday afternoon that the club acquired pitcher Severino Gonzalez from the Phillies in exchange for a player to be named later or cash considerations.

Gonzalez, 24, was designated for assignment last Thursday by the Phillies to make room for outfielder Michael Saunders on the 40-man roster. The right-hander has had a rough go of it in 66 innings in the majors, owning a 6.68 ERA and a 62/14 K/BB ratio. That ratio shows there’s some potential there and the Marlins will have about five years to try and discover it.

Giants sign catcher Nick Hundley

DENVER, CO - JUNE 07:  Nick Hundley #4 of the Colorado Rockies takes an at bat against the Miami Marlins at Coors Field on June 7, 2015 in Denver, Colorado.  (Photo by Doug Pensinger/Getty Images)
Getty Images
2 Comments

Andrew Baggarly of the Mercury News reports that the Giants have signed catcher Nick Hundley. It’s a major league deal worth $2 million.

Hundley, who is 33, but who seems like he’s been in the bigs for about 27 years, hit .260/.320/.439 with 10 homers in 83 games for the Rockies last season. Obviously he will be the backup given the presence of Buster Posey.