BREAKING: The Mets owners have settled with the bankruptcy trustee for $162 million

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UPDATE: Richard Sandomir reports that the settlement is for $162 million.

This is still a hefty chunk of change, but it is less than the liability they faced. And, more importantly, it brings certainty to what has been an uncertain liability hanging over the team’s head for a couple of years now.

9:27 AM: The trial involving the Mets owners and the bankruptcy trustee in the Bernie Madoff mess was to begin this morning.  Minutes ago, however, it was announced that the parties have reached a settlement.

This was not expected. And at the moment we have no details.  We’ll update as soon as we learn some.

Instant reaction, though: My guess is the Wilpons and Saul Katz don’t settle unless it allows them enough financial comfort to keep control of their most treasured asset, the New York Mets.

Dave Dombrowski gives John Farrell a vote of confidence

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Earlier, we learned via Tuesday’s report from Ken Rosenthal of FOX Sports that Red Sox manager John Farrell could find himself on the hot seat given the team’s slow start and a couple of incidents with Dustin Pedroia and Drew Pomeranz.

Tim Britton of the Providence Journal spoke to Red Sox president of baseball operations Dave Dombrowski, who gave Farrell a vote of confidence. Dombrowski said, “We all have our pluses and minuses. But when I see some of the things we’ve talked about, I don’t know how you say that’s John Farrell’s fault. It’s not his fault that we’ve scuffled to pitch in the fifth spot with [Kyle] Kendrick and [Hector] Velazquez. The injury factors. Really in many ways, I tip my hat to our guys, led by John, that we’re in the position that we’re in right now. We’re three and a half out on May 24. There’s a long time to go. We haven’t gotten buried.”

Dombrowski added, “He’s our manager. He’s done fine. If I didn’t think that, then he wouldn’t be in his role.”

Farrell is signed through 2018 as the Red Sox exercised his ’18 option in December. That doesn’t mean the Red Sox can’t let him go, but given the lack of realistic options to step in and fill Farrell’s shoes and Dombrowski’s vote of confidence, it looks like the skipper has job security for now.

Jacoby Ellsbury diagnosed with concussion, neck sprain after leaving game

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The Yankees announced that Jacoby Ellsbury left the game with a concussion and a neck sprain after making a great catch, crashing into the center field wall at Yankee Stadium to snag an Alcides Escobar fly ball for the first out of the first inning Wednesday night against the Royals.

Ellsbury was shaken up after the play, requiring the attention of manager Joe Girardi and trainer Steve Donohue.

Ellsbury initially stayed in the game and finished the top of the first inning. However, Aaron Hicks replaced Ellsbury in center field to start the top of the second inning. Ellsbury was batting sixth and did not have an at-bat prior to exiting.