Saul Katz wants to sell his share of the Mets

16 Comments

The New York Times reports that Saul Katz, who along with Fred Wilpon own around a 2/3 interest in the New York Mets, wants to sell his ownership stake.

The problem — if he sells his share, that likely deprives Fred Wilpon of his control of the team, because Wilpon doesn’t independently own 50%+ of the team. He runs it now in a partnership with Katz, who has always left baseball operations to Wilpon. If Katz were to structure the sale of his stake in such a way to prevent anyone else from having a share as large as Wilpn’s — say to separate buyers — he’d get way less than what the shares are actually worth given the lack of any team control offered to the buyers.

So, if Wilpon is to keep control of the team he’d have to buy out Katz himself, which is unlikely given the kinds of cashflow problems Wilpon has. Or I suppose he could try to get Katz to agree to take a fraction of what his large interest might go for in breaking it up among multiple buyers. For what it’s worth, Katz and Wilpon are brothers-in-law and business partners outside of the Mets, so I suppose anything is possible.

My guess: this is Katz making some noise and starting what may be a long process of getting out from under the Mets, not the harbinger of anything imminent given Wilpon’s desire to give the team to his son Jeff and given the logistical problems in place.

But, hey, if it allows Mets fans to at least begin to imagine what it’d be like for their team to be owned by people who actually have money to spend on this team I suppose it’s better than nothing.

David Price’s season debut could be pushed back to May

Getty Images
Leave a comment

David Price showed “strength improvements” in his elbow on Saturday, but Red Sox’ manager John Farrell still doesn’t think the left-hander will be ready to throw by the start of the season — or for a few weeks afterward. According to ESPN’s Scott Lauber, the 31-year-old might not be ready to debut until May at the earliest.

Price hasn’t thrown off of a mound this spring after experiencing soreness in his left elbow on March 1. Surgery doesn’t appear to be necessary, but the Red Sox are playing it extra safe with their No. 3 starter in hopes that rest and rehabilitation will return him to full health sometime during the 2017 season. For now, Price has been restricted to short games of catch until he’s cleared to resume a more rigorous throwing program. Via MLB.com’s Ian Browne:

[There were] strength improvements to the point of putting the ball back in his hand a little more consistently,” said manager John Farrell. “Today’s the first step for that. A short game of catch. That’s what he’s going through. Not off a mound but just to get the arm moving with a ball in flight, and he will continue in this phase for a period of time. There’s no set distance and volume yet to the throws.

The lefty is coming off of a lackluster 2016 season, during which he delivered a 3.99 ERA, 2.0 BB/9 and 8.9 SO/9 over 230 innings for the Red Sox.

Yadier Molina will not enter contract negotiations during the 2017 season

Getty Images
2 Comments

Derrick Goold of the St. Louis Post-Dispatch reports that Cardinals’ catcher Yadier Molina is still open to extension talks during the last week of spring training. Once Opening Day rolls around, however, Molina has preemptively nixed any contract negotiations until the end of the 2017 season, when he’s scheduled to hit free agency.

Molina wants to stay with the Cardinals, or so he’s telling reporters, but he’s also “not afraid” to test the free agent market this fall should a deal fail to materialize. Via Goold:

I would love to stay, but at the same time I’m not afraid to go to free agency. I’ve still got many years in the tank. Believe me. I feel great. I feel like a 20-year-old kid. I’m not afraid to go to free agency.

The 34-year-old backstop is entering his final year under contract, though Goold points out that he has a $15 million option for 2018 that he can choose to decline in the event that it’s exercised by the team. He’s reportedly searching for a figure closer to those made by other top catchers like Buster Posey and Russell Martin.

The 2017 season will mark Molina’s 14th year in the Cardinals’ organization, building on a career that has spanned seven All-Star campaigns, nine postseason runs and two World Series championships in St. Louis. He batted .307/.360/.427 with eight home runs and a .787 OPS for the club in 2016.