The New York Daily News reports that the New York Mets are close to sealing the deal on five of the $20 million shares they’ve been trying to sell. The owners have been approved by Major League Baseball and the deals could close by the end of the month. The Daily News:
With that, the team would raise enough capital to repay $25 million owned to MLB, a $40 million bridge loan to Bank of America and other club debts and operating expenses that have emerged in the wake of the Bernie Madoff Ponzi scheme scandal.
There is a reported overall total of $350 million in debt — and the team has reportedly lost money in recent years — so that doesn’t handle everything. But it’s better than nothing.
Now, I’d just like to get a gander at the sort of person who gives the Mets $20 million for perks that are basically not much better than being a season ticket holder.
Reds lefty Brandon Finnegan exited Monday afternoon’s start against the Cardinals in the fourth inning with an apparent shoulder injury. He grimaced after throwing a pitch and promptly walked off the field without even trying to throw a warmup pitch. In three-plus innings, Finnegan allowed three runs on three hits and four walks with two strikeouts on 58 pitches.
Finnegan, 24, was making his first start since April 15. He had been dealing with a strained left trapezius muscle.
The Reds should have more information on Finnegan’s status later tonight. Given how Finnegan acted after throwing his final pitch, a stint on the disabled list looks likely.
The Rays have acquired shortstop Adeiny Hechavarria from the Marlins, Clark Spencer of the Miami Herald reports. The Marlins will receive minor league outfielder Braxton Lee and pitcher Ethan Clark. The Rays are expected to assume the remainder of Hechavarria’s $4.35 million salary for the 2017 season.
Hechavarria, 28, has only played in 20 games this season due to an oblique injury. He has mustered a meager .277/.288/.385 triple-slash line with four extra-base hits and six RBI across 67 plate appearances. He still plays decent defense, though, so that may be enough for him to take the everyday shortstop job in Tampa.
Lee, 23, was selected by the Rays in the 12th round of the 2014 draft. This season with Double-A Montgomery, his second stint there, Lee hit .318/.387/.391 over 296 PA.
Clark, 22, was taken in the 15th round of the 2015 draft by the Rays. In his first stint at Single-A in Bowling Green, Clark has a 3.11 ERA with a 50/18 K/BB ratio in 55 innings of work.