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.
Buster Olney of ESPN reports that the White Sox and Diamondbacks have emerged as two of the strongest contenders for Orioles third baseman Manny Machado. It seems like a foregone conclusion that Baltimore will deal their superstar infielder this winter, but nothing appears imminent just yet. While both the White Sox and D-backs have reportedly made serious offers, Orioles owner Peter Angelos is wary of any non-contending team that might be incentivized to flip Machado to the rival Yankees next season.
The White Sox, for their part, have assured the Orioles that they view Machado more as a solid one-year rental than the new face of their franchise, with no immediate plans to deal him elsewhere. Given their current rebuilding status and the unlikelihood that they would contend in 2018, it makes their offer a bit of a head-scratcher — and, as USA Today Sports’ Bob Nightengale points out, they’ve been reluctant to put any top-5 prospects on the table in preliminary negotiations.
The Diamondbacks, on the other hand, are far better positioned to enter the postseason in 2018, though that doesn’t automatically make them the perfect landing spot for Machado. They already have Jake Lamb stationed at third base, and while it’s not inconceivable that they could jettison the Ketel Marte/Chris Owings/Nick Ahmed shortstop platoon for someone of Machado’s talent, his $17 million salary appears to be more than the D-backs are currently capable of absorbing.
The White Sox and D-backs may have exhibited the most interest in Machado so far, but they’re hardly the only contenders here. MASN Sports’ Roch Kubatko maintains that the Cardinals and Yankees remain in discussions for the 25-year-old, with Cardinals’ RHP Jordan Hicks and catcher Carson Kelly drawing interest, as well as Yankees’ top prospect Gleyber Torres. Any deal involving the Yankees still feels like a long shot, however; as Craig mentioned on Wednesday, it makes sense that the club wouldn’t want to see their star player hanging around their division rivals in 2018, and the Yankees should be well prepared to make a run at him in free agency next winter.