Someone once said that there is nothing more limited than being a limited partner to George Steinbrenner. I’m assuming that’s still the case with Hal Steinbrenner too. But with better cash flow and less likelihood of a capital call, I’m assuming that being a Yankees minority shareholder is a better deal than being a minority shareholder in the Mets. It certainly is to Ray Bartoszek.
Bartoszek is an oil trader who, a few months ago, wanted to buy a minority share in the Mets. The Mets decided instead to negotiate with David Einhorn, so Bartoszek took his money and gave it to the Yankees instead:
By the time negotiations with Einhorn fell apart this month, however, the Mets could not turn back to Bartoszek. Besides feeling that the Mets’ owners had manipulated him to apply more leverage against Einhorn, Bartoszek had found a better deal. He would instead invest with the Yankees.
Last Friday, Bartoszek emerged as the newest limited partner with the Yankees, buying a share of the team from another limited partner.
Bartoszek said that his dealings with the Yankees were “the most straightforward negotiation [he’s] ever been a part of.” Which suggests, as does the article, that he felt the Mets were using him in order to leverage other bidders like Einhorn. Who knows if that’s true, but it’s kind of funny how he was able to buy into a team for which no one knew was accepting investors way easier than one which basically had its hat in its hand.
The Phillies have signed free agent outfielder Michael Saunders.
Saunders was an All-Star in 2016 due to his wonderful start, but he cratered in the second half of the season. Overall is numbers looked good — he hit 24 homers and posted a line of .253/.338/.478, but his second half line was .178/.282/.357 in 58 games. He’s not the best defender around either.
The Phillies could use him, however, and if he has another red hot first half, there’s a decent chance they could flip him if they wanted to.
It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.
Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.
The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.