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.

Braves sign David Hernandez

Jon Durr/Getty Images
Leave a comment

Bill Whitehead of the Atlanta Journal Constitution reports that the Braves have signed reliever David Hernandez to a minor league contract on Sunday. He’ll report to spring training as a non-roster invitee.

Hernandez, who turns 32 years old in May, signed a minor league contract with the Giants in February. He requested and was granted his release on Friday when he learned he wasn’t making the team’s 25-man roster to open the season.

Hernandez pitched for the Phillies last year. He compiled a 3.84 ERA with an 80/32 K/BB ratio in 72 2/3 innings.

Dave Roberts: It “doesn’t make sense” for Scott Kazmir to start year in Dodgers’ rotation

Lisa Blumenfeld/Getty Images
2 Comments

Scott Kazmir won’t begin the regular season in the Dodgers’ starting rotation. Manager Dave Roberts said after Kazmir’s Cactus League outing on Sunday that it “doesn’t make sense” for the ailing Kazmir to break camp in the rotation, Andy McCullough of the Los Angeles Times reports. The lefty will instead rehab some more and join the rotation at a later time.

Kazmir has been battling a hip issue which has caused his mechanics to suffer. He was clocked in the low 80’s 10 days ago and wasn’t much better on Sunday afternoon.

Last season with the Dodgers, Kazmir posted a 4.56 ERA with a 134/52 K/BB ratio in 136 1/3 innings, his worst numbers since returning to the majors in 2013.