Fred Wilpon

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

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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: Mark Trumbo signs three-year, $37.5 million contract with Orioles

TORONTO, ON - OCTOBER 04:  Mark Trumbo #45 of the Baltimore Orioles runs the bases after hitting a two-run home run in the fourth inning against the Toronto Blue Jays during the American League Wild Card game at Rogers Centre on October 4, 2016 in Toronto, Canada.  (Photo by Vaughn Ridley/Getty Images)
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Update #2 (6:21 PM EST): Make that $37.5 million, per Heyman.

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Update (6:02 PM EST): The deal is for “around” $37 million with deferrals that lower the present-day value, per Jeff Passan of Yahoo Sports.

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Jon Heyman of FanRag Sports reports that free agent 1B/OF Mark Trumbo is close to a deal with the Orioles. He first reported that the two sides were back in touch earlier on Thursday afternoon. According to Ken Rosenthal of FOX Sports, the deal is expected to be for three years and under $40 million.

Trumbo’s market hasn’t developed as he expected. The slugger turned down the Orioles’ $17.2 million qualifying offer back in November. Then the Orioles reportedly made a four-year contract offer to him in December but pulled it off the table. Most recently, a report indicated that Trumbo lowered his expectations to a three-year deal in the $40-50 million range.

Trumbo, 31, led the majors with 47 homers for the Orioles this past season. He also hit a solid .256/.316/.433 with 108 RBI in 667 plate appearances. With Trumbo back in the fold and some slight offensive upgrades made, the Orioles figure to have a formidable offense in 2017.

Astros avoid arbitration with Mike Fiers

SEATTLE, WA - SEPTEMBER 17: Starting pitcher Mike Fiers #54 of the Houston Astros walks to the dugout after pitching an inning during a game against the Seattle Mariners at Safeco Field on September 17, 2016 in Seattle, Washington. The Astros won the game 2-1. (Photo by Stephen Brashear/Getty Images)
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The Astros avoided arbitration with pitcher Mike Fiers, agreeing on a $3.45 million salary for the 2017 season, per Jake Kaplan of the Houston Chronicle. The right-hander was in his first of three years of arbitration eligibility.

Fiers, 31, made 30 starts and one relief appearance for the Astros in 2016. He finished the year with a 4.48 ERA and a 134/42 K/BB ratio in 168 2/3 innings.

Fiers had a much better showing in 2015 as well as in limited action in 2014, so the Astros are hoping he rediscovers that effectiveness going forward. He’ll slot into the back of the starting rotation.