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

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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.

Report: Athletics to acquire Stephen Piscotty from the Cardinals

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Jon Heyman of FanRag Sports reports that the Athletics and Cardinals have agreed on a trade involving outfielder Stephen Piscotty. The Cardinals will receive two as yet unknown minor leaguers in return.

Piscotty, 26, hit .235/.342/.367 with nine home runs and 39 RBI in 401 plate appearances for the Cardinals this past season. He dealt with injuries and with his mother’s ALS diagnosis, so it was a rough year, but very excusably so. The Cardinals had signed him to a six-year, $33.5 million contract extension in March. He’s under contract through 2022 at a total of $29.5 million and has a club option for 2023 worth $15 million with a $1 million buyout.

The Cardinals had an outfield spot open up after agreeing to acquire Marcell Ozuna from the Marlins on Wednesday so the Piscotty trade doesn’t come as a surprise.