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.
Mariners right-hander Erasmo Ramirez has been shut down for two weeks with a minor lat strain, reports Ryan Divish of the Seattle Times. It’s a precautionary move, as Ramirez felt some tightness in his arm and could not complete his scheduled bullpen session on Saturday.
There’s no word yet on whether Ramirez will be able to recover in time for the start of the season, though he’s expected to claim a rotation spot again this spring. The 28-year-old righty has been dogged by injuries throughout his six-year career, but finally managed to piece together a full season on the mound in back-to-back stints with the Rays and Mariners in 2017. He went 5-6 in 19 starts for the two clubs and turned in a cumulative 4.39 ERA, 2.1 BB/9 and 7.5 SO/9 through 131 1/3 innings.
The Mariners are no stranger to pitcher injuries, either. They lost a number of their top arms to various elbow, arm and shoulder injuries last year and cycled through 40 total pitchers as they limped toward a 78-84 finish. Comments from club manager Scott Servais indicate that the team will keep a close eye on Ramirez throughout his recovery, though Divish notes that right-hander Andrew Moore and lefty Ariel Miranda could also slot into the no. 5 spot if Ramirez experiences further setbacks.