Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:
The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.
The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.
I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.
In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.
Joel Sherman of the New York Post reports that the Yankees have signed pitcher Jon Niese to a minor league contract, pending a physical. Assuming the deal is finalized, Sherman notes that the Yankees will have Niese work as both a starter and a reliever in big league camp this spring.
According to Sherman, the Yankees were interested in lefty relievers Jerry Blevins and Boone Logan, but didn’t want to commit at their asking prices. They are looking for a lefty set-up man along with Tommy Lane.
Niese, 30, pitched for the Pirates and Mets last season, finishing with a 5.50 ERA and an 88/47 K/BB ratio over 121 innings.
The dust hasn’t quite settled after right-hander Dellin Betances‘ arbitration hearing with the Yankees on Saturday. The case was decided in the team’s favor, awarding Betances with a $3 million salary for the 2017 season instead of the $5 million he initially requested. Yankees’ president Randy Levine held a press conference to voice his outrage over the figure presented by Betances and his agency, saying it had “no bearings in reality” since Betances does not have the elite closer status required for a salary bump of that magnitude.
Needless to say, the comments caused some consternation within Betances’ camp. The reliever publicly addressed the outburst, telling the press that he was prepared to put his differences with the team aside until he heard what Levine had to say. Via MLB.com’s Bryan Hoch:
Players union executive Rick Shapiro and Betances’ agent, Jim Murray, also spoke out in the right-hander’s favor. Shapiro presented Betances’ case during the hearing on Saturday and called Levine’s comments “an absolute disgrace to the arbitration process and to all of Major League Baseball.” In a report from FOX Sports’ Ken Rosenthal, Shapiro added: “The only thing that has been unprecedented in the last 36 hours is that a club official, after winning a case, called a news conference to effectively gloat about his victory – that’s unprecedented.”
Murray spoke exclusively to Rosenthal, accusing the president of effectively bullying the 28-year-old during the arbitration process and claiming that Levine had both mispronounced Betances’ name throughout the hearing and blamed the reliever for “declining ticket sales and their lack of playoff history.” Like Betances, Murray said that the agency was ready to accept the arbiter’s decision and move on before Levine’s decision to air his grievances to the media. “The only person overreaching in this entire situation is Randy,” Murray told Rosenthal. “He might as well be an astronaut because nobody on earth would agree with what he is saying. Even the others in the room would disagree with him.”