As we know, the Wilpons are selling off minority stakes in the New York Mets. They want multiple investors to give them $20 million a pop for a non-controlling interest.
Now, anyone familiar with close corporations knows that having that kind of stake in such a business — especially a family business — is an exercise in powerlessness. You have no say in just about anything. The draw of such an investment is that you’ll either (a) get some good cash flow out of it; or (b) your stake will appreciate nicely. And neither of those two things seem likely any time soon with the Mets.
So why would you invest? Well, Richard Sandomir of the New York Times tells us today. Among your ownership perks:
… the $20 million would include one free trip with the team during the regular season (the Mets would pick the city); one free weekend’s stay at spring training; and a lot of potential lunch dates — with broadcasters and former players. A luncheon with the manager and general manager? Off-season only, the document says. Merchandise? Discounts, but not giveaways.
So if a midweek trip to Houston, an all-expenses paid stay at the Holiday Inn Express in Port St. Lucie, an in-season lunch with Wally Backman, an offseason lunch with Terry Collins and deep discounts on an R.A. Dickey bobblehead all sound enticing to you, by all means, give Fred Wilpon that extra $20 million you have laying around.
Setting their rotation for the beginning of the ALDS versus the Blue Jays, the Rangers announced that right-hander Yovani Gallardo will start Game 1 and left-hander Cole Hamels will start Game 2.
Gallardo posted a 3.42 ERA in 33 starts this season, but averaged just 5.6 innings per start and hasn’t completed six or more innings in a start since mid-August. Clearly the Rangers will be hoping for five or six innings from him before turning it over to the bullpen.
Hamels, on the other hand, averaged seven innings in his 12 post-trade starts for the Rangers, including tossing a complete-game against the Angels in the regular season finale. He’s obviously the Rangers’ best starting pitcher, but because Hamels was needed to clinch the division title in Game 162 he’s not available to start Game 1 of the playoffs.
In the seemingly never-ending trend of front office officials getting new titles, the Cleveland Indians just announced that General Manager Chris Antonetti has been promoted to President of Baseball Operations and Mike Chernoff is now the GM.
Antonetti has been the Tribe’s GM for the past five years and is moving up in the wake of team president Mark Shapiro moving on to Toronto. Shapiro, however, also held business side responsibilities which Antonetti will not assume. Meaning, as before, he will be the top guy on baseball ops decisions, albeit with a grander title.
Chernoff has been an assistant GM for five years and has been with the organization for the past 12 years. As many new GMs these days he will, functionally speaking, still be an assistant when it comes to baseball decisions.