President Obama compares Bank CEO salaries to ballplayer salaries

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Obama’s smooth. Look how he slams Carlos Zambrano and Vernon Wells without even mentioning their names:

President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.

The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

Paul Krugman predictably goes nuts, arguing that unlike bankers in this day and age, ballplayers aren’t beholden to taxpayers and the government. Krugman lives in New York, I presume. Guess he doesn’t get up to the Bronx or over to Queens very often, because there sit a couple billion dollars worth of public largess that does indeed benefit the ballplayers and the men who employ them. And that’s before you get to the government-granted antitrust exemption.

But that’s a nit, I suppose, because I generally agree that bank CEO pay is horrifying. It’s just that when it comes to criticizing it with baseball analogies I’d take a different approach than Krugman does. For example, I might note that in baseball, unlike in banking, you get punished for gambling.

(thanks to Pete Toms for the links)

Report: A’s trying to finish deal for Jeurys Familia

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The Athletics appear to be closing in on a deal for Mets’ right-hander Jeurys Familia, according to reports from ESPN’s Buster Olney. Nothing has been finalized just yet, however, as the Mets confirmed that they would not be announcing a trade tonight and Ken Rosenthal of The Athletic points out that other teams may still be in the mix for Familia’s services. It’s not clear what the A’s would be giving up in any potential deal for the reliever.

Familia, 28, has been pitching well this season. He currently sports a 2.88 ERA, 3.1 BB/9 and 9.5 SO/9 through 40 2/3 innings — across-the-board improvements from his last run with the Mets in 2017 — and has racked up 17 saves to boot. He’s due another $3 million for the remainder of 2018, and Rosenthal adds that the club is willing to throw some cash in the deal in order to guarantee a better return for the closer.

While the A’s have one of the better bullpens in the American League, sitting seventh-best with a 3.50 ERA and 2.8 fWAR, they still have a ways to go in order to overtake the Mariners and Astros for a postseason berth by season’s end. Familia’s contract expires at the end of the year, but he should provide enough short-term value to give the A’s the boost they need.