Mets hire the turnaround consulting firm that handled the Rangers bankruptcy and sale

25 Comments

Eno Sarris of Amazin’ Avenue reported last night that the New York Mets have hired a consulting firm called CRG Partners.  The significance?  That’s the same consulting firm Tom Hicks and the Texas Rangers hired in 2010 (a) to put them into and help them through bankruptcy and; (b) to eventually help sell the team to Chuck Greenberg and Nolan Ryan.

A little after Eno’s report came out the Mets confirmed that they hired CRG. But they disputed any suggestion that this has anything to do with a bankruptcy or a sale. Rather, it was “to provide services in connection with financial reporting and budgeting processes.”

Could be. There are a lot of reasons to hire a turnaround firm and if the Wilpons don’t plan to sell they can’t be forced to unless everything completely crashes. But as Eno points out in his report, such firms make the biggest money when they help orchestrate something big, not when they come in and help a business optimize their TPS reports.

It strikes me that the thing to watch here is when and if the Mets finally manage to sell off those minority interests they’ve been trying to sell in order to raise cash.  Sandy Alderson said yesterday that he believes that’s going well and deals could close this month, but it’s been taking a while and nothing has been announced.

Know who else tried to sell minority shares to save themselves and couldn’t?  The Texas Rangers. Then they hired CRG.  So, you know.

Report: J.D. Martinez signing delayed by medical issue

Getty Images
3 Comments

The Red Sox reportedly inked free agent outfielder J.D. Martinez to a five-year, $110 million contract last Monday, but there appears to be a slight hitch in the process. According to a report from Evan Drellich of NBC Sports Boston, the team is sorting through a medical issue that has delayed the signing. The specific nature of the issue has yet to be revealed, though Drellich adds that both the team and agent Scott Boras have involved additional medical experts in the process.

For what it’s worth, Martinez remained fairly healthy during his 2017 run with the Tigers and Diamondbacks. The 30-year-old outfielder spent six weeks on the disabled list after suffering a right foot sprain during camp, but managed to make a full recovery by mid-May and didn’t relapse once throughout the rest of the year. Of course, the medical issue holding up his new contract could be of an entirely different nature.

While spring training is already underway for the rest of the Red Sox, club manager Alex Cora doesn’t appear too concerned by Martinez’s absence — yet. “The thing I can do is my thing,” he told MLB.com’s Ian Browne. “My job here is to show up every day and get ’em ready.”