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.
Mike DiGiovanna of the Los Angeles Times reports that the Angels have inked outfielder Eric Young, Jr. to a minor league contract with an invitation to spring training.
Young, 31, played in just six games and logged one plate appearance in the majors this past season with the Yankees. He last played regularly in 2014. While Young doesn’t do much with the bat, he could provide value as a pinch-runner. He also offers versatility, having played all three outfield positions along with second base.
The Angels have Ben Revere as their fourth outfielder and Jefry Marte behind him, so Young would need to have a very impressive showing in spring training to find a spot on the Angels’ roster.
Update (5:20 PM EST): It’s a minor league contract, per Ken Rosenthal of FOX Sports. If he makes the major league roster, Saltalamacchia will earn $1.25 million with an additional $250,000 available through incentives.
The Blue Jays are close to a deal with free agent catcher Jarrod Saltalamacchia, Shi Davidi of Sportsnet is reporting.
Saltalamacchia, 31, hit a meager .171/.284/.346 with 12 home runs and 38 RBI in 292 plate appearances with the Tigers this past season. With Russell Martin getting regular playing time behind the plate, Saltalamacchia will serve as his understudy, pushing A.J. Jimenez and Juan Graterol down on the depth chart.
The veteran catcher isn’t far removed from being a productive backstop. He had an .805 OPS in 70 games with the Diamondbacks in 2015 and also helped the Red Sox win the World Series in 2013 with an .804 OPS in 121 games.