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.
Nick Cafardo of the Boston Globe reports that the Nationals will ask to speak with Astros’ bench coach Alex Cora after the American League Championship Series concludes on Saturday. This comes on the heels of the news that club manager Dusty Baker will not be returning to the team in 2018.
Cora, 42, has some experience in the Nationals’ organization. He played for the Nats during his last big league stint in 2011, batting .224/.287/.276 through 91 games before announcing his retirement in the spring of 2012. Per Cafardo, he was also offered a player development gig with the club, but has not appeared in any kind of official role with them since his days as a major league infielder. While he’s been lauded for his leadership skills and strong clubhouse presence, he hasn’t acquired any managerial experience since his retirement, save for a handful of games with the Astros where he filled in for A.J. Hinch.
Despite the appeal of having a familiar face in the dugout, the Nationals aren’t the only ones eyeing Cora. The Astros’ coach has already interviewed with the Tigers, Mets and Red Sox this month. Boston appears to be the current favorite to land him and according to at least one source, may even announce his hiring in advance of the World Series next Tuesday.