The Wilpons aren’t gonna be out all that much money

17 Comments

We’ve heard scary numbers regarding the potential liability of the Mets owners in the Madoff mess. The trustee, Irving Picard, was using the B-word at times last year. Recently it was thought that their exposure could be $300 million or more.  A couple of weeks ago they were ordered to pay $83 million as part of the case. And today, of course, they settled for $162 million.

But in reality, it’s a lot less than that leaving their pockets.

For starters, this is because that $162 million settlement actually includes the $83 million that they had already been ordered to pay.  But the biggest thing working in their favor here is that the $162 million is to be paid out of money the Mets owners may recover in a settlement by virtue of them being victims of Madoff themselves. And they may very well recover a significant amount, as others, closer to Madoff, have put billions into a fund for that purpose.

Heyman reports that Wilpon and Katz may be out a mere $37 million net by the time this is all done. And that even then it will be payable over four years. Which is the price of a good starting second baseman.

Theoretically. I mean, it’s not like the Mets have one of those.

Dodgers activate Adrian Gonzalez

Getty Images
Leave a comment

The Dodgers have reinstated first baseman Adrian Gonzalez from the 60-day disabled list after his recovery from a herniated disc. To make room for him they have optioned Rob Segedin to Triple-A Oklahoma City.

Gonzalez last played on June 11. Since then the Dodgers have gone an astounding 46-9, with shoe-in rookie of the year candidate Cody Bellinger handling first base duties and posting a .978 OPS. When Gonzalez went down he was hitting .255/.304/.339 and only one homer in 49 games.

It’ll be interesting to see what kind of playing time he gets going forward. The Dodgers, of course, have a comfortable lead in the NL West, so they could afford to allow Gonzalez to play a good bit to see if his bat sharpens up while simultaneously giving Bellinger, who has never played more than 137 games in a season, a bit of a breather. Beyond that, though, the Dodgers ain’t broke, so it’s hard to see why anyone would want to tinker with things.

Rays activate Kevin Kiermaier

Getty Images
Leave a comment

The Tampa Bay Rays have activated outfielder Kevin Kiermaier from the 60-day disabled list.

Kiermaier, who fractured his hip in early June, is batting leadoff and playing center field in tonight’s game against the Mariners. He was just 3-for-24 on his rehab assignment, but those aren’t usually predictive of anything. He was hitting .258/.329/.408 when he went down. Getting his bat — and, more importantly, his glove — back in the lineup will boost the struggling Rays in their quest for a playoff spot.