Looking to sweeten interest among potential minority investors, the New York Post reports that the Mets are willing to cover three percent interest per year over the course of a six-year investment.
For those unfamiliar, the Mets announced plans in September to sell off $20-30 million stakes in the team after a proposed $200 million deal with hedge fund manager David Einhorn fell through.
Mets chief operating officer Jeff Wilpon told Adam Rubin of ESPN New York on Monday that the process of selling minority blocks was “going very well.” However, since there is no path to ownership, this latest development is an indication that potential investors need more incentive than owning a tiny piece of the team for vanity purposes.
The entire Marlins roster will wear the number 16 on the backs of their uniforms in remembrance of pitcher Jose Fernandez, who died in a boating accident on Sunday morning. After that? “No one will wear No. 16 for the Marlins again,” team owner Jeffrey Loria said on Monday evening, as Tyler Kepner of the New York Times reports.
Though Fernandez only pitched parts of four seasons for the Marlins, he already ranks fifth in career WAR in club history, according to Baseball Reference. He also owns the best career winning percentage as well as the second-lowest single-season ERA (2.19 in 2013) and the second-lowest single-season WHIP (0.979 in 2013). Fernandez was already one of the best pitchers in Marlins history and was on his way to becoming a perennial All-Star, if not a Hall of Famer.
Then add to that his outstanding personality and what he meant both to the Marlins organization and to the city of Miami. Loria has gotten a lot of criticism over the years, but he nailed it with this decision.
As Craig mentioned earlier, the Marlins will all wear No. 16 jerseys to honor pitcher Jose Fernandez, who tragically died in a boating accident on Sunday morning. It’s a fitting tribute as the Marlins return to the playing field after Sunday’s game was cancelled.
We don’t often hear about the behind-the-scenes stuff that goes on during these special circumstances. As Clark Spencer of the Miami Herald reports, workers at the Majestic manufacturing facility in Easton, PA — about two hours north of Philadelphia — stayed up all night Sunday night into Monday morning in order to make those custom No. 16 jerseys for the Marlins. They were shipped via air so they would arrive in time for the game tonight.
FanGraphs writer Eric Longenhagen notes how hard those Majestic employees work — often for low pay :
Kudos to Majestic for making a concerted effort to help the Marlins out in their time of need.