The Wilpons’ financial crunch, brought on by being taken in a Ponzi scheme by their friend Bernie Madoff, almost cost them the team a couple of years ago. It did cause them to take loans with restrictive terms, both from banks and from Major League Baseball. That in turn pushed payroll way below that which a team in a market like New York should be. It’s been something of a depressing slog, frankly.
But now, according to the New York Post, there’s some reason to hope of a financial thaw. It comes in the form of a new $250 million loan which will refinance an existing loan that had a massive principal payment looming early this year. The interest payments will remain about where they were before but (a) no principal payment will be due for seven years; and (b) payroll restrictions built in to the current loan will be gone.
This doesn’t mean that the Mets will suddenly sport $150 million payrolls, but it does give the team breathing room to add players who actually make some money at some point.
Of course, it also means that the Wilpons will not be forced to sell the team due to a cash crunch, paving the way for the Mets’ own version of Magic Johnson to swoop in and make a broke franchise immediately flush. And I know many Mets fans who really, really wish that would have happened.
Did you have a bad day? It’s OK. We all do sometimes. It’s just part of life. Even ballplayers have bad days. Even the good ones.
Odubel Herrera is a good one. He’s only 25, but he’s already got two seasons of above average hitting under his belt. Dude gets on base. He could be a regular for tons of teams, so there’s no shame at all in him having a bad day. And boy howdy did he have a bad day today. He went 0-for-5 with five strikeouts in the Phillies extra innings win against the Rockies.
“I feel that I am making good swings but I’m just missing the pitches,” Herrera said.
Well, that is how strikeouts work.
Four strikeouts in a game is known as a Golden Sombrero. Players don’t strike out five times in a game very often so they don’t have an agreed upon name, but I’ve seen it referred to as the “platinum sombrero,” which seems pretty solid for such a feat. Six is a titanium sombrero or a double platinum sombrero, though there are references to it as a “Horn,” for Sam Horn, who deserves something to be named in his honor. Horn is like Moe Greene — a great man, a man of vision and guts — yet there isn’t even a plaque, or a signpost or a statue of him!
But I digress.
The last time a Phillies player did it was when Pat Burrell K’d five times in September 2008. The Phillies won the World Series that year, of course, so maybe this is an omen. [looks at standings] Or maybe not.
Anyway, get a good night’s sleep tonight, Odubel. Shake it off. Tomorrow is another day.
NEW YORK (AP) Rachel Robinson will receive the Buck O’Neil Lifetime Achievement Award from baseball’s Hall of Fame on July 29, the day before this year’s induction ceremony.
She’s the wife of late Hall of Famer Jackie Robinson, who broke the major league color barrier in 1947. Rachel Robinson created the Jackie Robinson Foundation in 1973, a year after he husband’s death. Rachel Robinson, who turns 95 in July 19, headed the foundation’s board until 1996.
The O’Neil award was established in 2007 to honor individuals who broaden the game’s appeal and whose character is comparable to that of O’Neil. He played in the Negro Leagues, was a scout for major league baseball teams and helped establish the Negro Leagues Baseball Museum in Kansas City, Missouri.
The award was given to O’Neil in 2008, Roland Hemond in 2011 and Joe Garagiola in 2014.