The trial hasn’t even started yet, but Mets owner Fred Wilpon is already going to have to shell out as much as $83.3 million to the trustee recovering funds from the losers in Bernard Madoff’s Ponzi scheme.
That was the ruling from U.S. District Court Judge Jed S. Rakoff on Monday. The two sides will go to trial on March 19 over the additional $303 million that trustee Irving Picard is seeking. For Picard to extract that much from Wilpon’s wallet, he’ll need to prove to a jury that the defendants were “willfully blind” to the fraud.
Rakoff had previously ruled that Picard couldn’t sue the Wilpons for the full $1 billion he wanted, lowering that amount instead to the $386 million they were said to profit in the two years preceding Madoff’s arrest. Today’s $83.3 million comes out of that.
It’s unclear if the Wilpons have $83.3 million to give away at this time. They have been trying to sell minority shares of the Mets, with mixed reports of their success in the endeavor. If the trial goes poorly later this month, it figures to be difficult for them to keep the team.
Aaron Boone has no experience as a coach or a manager at any level. As such, some have speculated that he’d hire a more seasoned hand as his bench coach as he begins his first season as Yankees manager. Someone like, say, Eric Wedge, who was a candidate for the job Boone got and who once managed Boone in Cleveland.
Nope. According to MLB.com’s Mark Feinsand, he’s going with Josh Bard.
Bard, 39, was a teammate of Boone’s with the Indians in 2005. He’s not without coaching experience, having spent the last two seasons as the Dodgers’ bullpen coach, but he’s not that Gene Lamont/Don Zimmer-type we often see in the bench coach role.
Which is fine because different managers want different things from their bench coach. Some are strategy guys, helping with in-game decision making. Others are relationship guys who help managers understand all of the dynamics of the clubhouse while they’re worrying more about lineups and stuff. Others are trust guys, who can serve as the manager’s sounding board, among other things. Some are combinations of all of these things. As Feinsand notes in his story, Boone said at his introductory press conference that he’s looking for this:
“I want smart sitting next to me. I want confidence sitting next to me. I want a guy who can walk out into that room and as I talk about relationships I expect to have with my players, I expect that even to be more so with my coaching staff. Whether that is a guy with all kinds of experience or little experience. I am not concerned about that.”