The Mets have been casting about for investors for a long time now, and they’ve not had a ton of success yet. Yesterday it was reported that one of the $20 million shares they’ve been peddling is going to hedge fund manager Steven Cohen. Today we hear where more of those shares are going. From Richard Sandomir of the New York Times:
Time Warner Cable and Comcast are nearing a plan to finance SNY’s purchase of four shares in the Mets, worth $80 million, said one person with knowledge of the plan who was not authorized to speak publicly.
Kind of convoluted, in that Fred Wilpon and Saul Katz’ company — Sterling equities — owns SNY, and then, in turn, SNY will own a stake of the Mets. Time Warner and Comcast, in turn, own stakes in SNY. Makes my head get all fuzzy thinking about it.
Ultimately, though, the idea seems to be that Time Warner and Comcast don’t want to see the regional sports network they own suffer, and by shooting money, somewhat indirectly, to the Mets, they’re shoring up their network’s programming. Which makes more sense to me than some random rich person giving the Wilpons money as some sort of vanity investment. At least there are stakes here for the cable companies.
Oh, and I suppose I should offer a two-part full disclosure here: (1) Comcast owns NBC and NBC pays me, so you know; and (2) if things go sideways for the Wilpons and Comcast does something nutty like take the Mets over completely, I promise that when I am installed as the team’s Lord Protector that I shall be tough but fair in my administration of its affairs.
MLB.com’s Mark Feinsand reports that the Rays have acquired first baseman Lucas Duda from the Mets. The Mets will receive pitching prospect Drew Smith in return, per Jeff Passan of Yahoo Sports.
Duda, 31, is batting .246/.347/.532 with 17 home runs and 37 RBI in 291 plate appearances for the Mets this season. He’ll provide a potent bat in the Rays’ lineup as they attempt to overcome their current 2.5-game deficit in the AL East.
Smith, 23, is the Rays’ No. 30 prospect, according to MLB Pipeline. He ascended from High-A to Triple-A already this season, posting an aggregate 1.60 ERA with a 40/9 K/BB ratio over 45 innings across four stops with High-A Lakeland (Tigers), High-A Charlotte (Rays), Double-A Montgomery, and Triple-A Durham.
The Blue Jays completed a four-game series sweep against the Athletics on Thursday afternoon and won their second consecutive game in walk-off fashion. Last night, the Jays went into the bottom of the ninth inning trailing 2-0, but a two-run home run by Justin Smoak followed by a solo home run from Kendrys Morales led to a 3-2 walk-off victory.
Thursday’s game was already interesting enough as starter Marcus Stroman, catcher Russell Martin, and manager John Gibbons were all ejected by home plate umpire Will Little. Despite the adversity, the Jays battled the A’s, tying the game at four apiece when Morales blasted a solo home run — his second of the game — in the bottom of the ninth inning. In the 10th inning, A’s reliever Liam Hendriks walked the bases loaded with two outs to bring up Steve Pearce. Pearce worked the count full before pulling a fastball down the left field line for a walk-off grand slam, giving the Jays an 8-4 victory to complete the sweep.
Before Pearce, the last Jays hitter to hit a walk-off grand slam was Gregg Zaun on September 6, 2008 against the Rays, per SportsNet Stats.