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.

Report: Bryan Shaw has two multiyear offers on the table

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Free agent reliever Bryan Shaw has received two multiyear offers, Paul Hoynes of the Cleveland Plain Dealer reports. The teams in question have not been revealed, but the demand for Shaw is expected to be high as he comes off of a career-best season.

The 30-year-old right-hander went 4-6 in 79 appearances for the Indians, drawing a 3.52 ERA, 2.6 BB/9 and 8.6 SO/9 in 76 2/3 innings. He ranked 12th among qualified relievers with 1.6 fWAR, his highest mark to date, and proved instrumental in helping the club reach their second consecutive division title in 2017.

The Mets are the last known team to show interest in Shaw, as the New York Post’s Mike Puma reported Wednesday. Nothing has been officially confirmed by the club yet, naturally, but they could still use a couple of arms to round out the bullpen behind Jerry Blevins, AJ Ramos and Jeurys Familia and it’s worth noting that the right-hander has already worked closely with Mets’ skipper and former Indians’ pitching coach Mickey Callaway. While Shaw’s proven consistency and durability should appeal to a wide variety of teams, he’s due for a big payday after making just $4.6 million in his last year with the Indians.