Mets owner Fred Wilpon announced Friday that he is looking to sell a 20-25 percent stake in the club in order to secure funds that will help his family bounce back from their involvement with Bernie Madoff’s ponzi scheme. A ton of bargain hunters have already stepped forward, including a group of investors led by Martin Luther King III.
But it’s not all gloom and doom this weekend for the Mets and their fans.
Adam Rubin of ESPN New York heard from a source on Sunday afternoon that Major League Baseball plans to award the 2013 All-Star Game to Citi Field. The Mets last hosted an All-Star Game in 1964, the debut season for Shea Stadium.
For a variety of reasons — none of which make much sense — an official announcement probably won’t be made for another couple of months, but Rubin isn’t the only reporter who is relaying the news.
The 2011 All-Star Game will be held at the Diamondbacks’ Chase Field and the 2012 All-Star Game will be held at the Royals’ newly renovated Kauffman Stadium.
Twins right-hander Phil Hughes is headed to the Padres, according to announcements from both teams on Sunday. The Padres will also receive the 74th overall draft pick and cash considerations from the Twins, who are getting minor league catcher Janigson Villalobos in return. Minnesota is expected to absorb $7.5 million of Hughes’ $22 million contract; per MLB.com’s Mark Feinsand, they’ll take on his remaining salary for the 2018 season and pay an additional $5.7 million in 2019.
Hughes, 31, is far from the 16-win, sub-4.00 ERA hurler the Twins enjoyed in 2014. He hasn’t pitched more than 60 innings in any season since 2015, due in part to multiple bouts of back stiffness and shoulder surgeries. He was designated for assignment last week after missing significant time with a left oblique strain and delivering a 6.75 ERA, 3.8 BB/9 and 6.0 SO/9 through his first 12 innings of 2018.
Villalobos, meanwhile, will provide the Twins with some depth as he continues to work his way through the minor league system. The 21-year-old backstop recently completed a circuit with the Padres’ rookie-level affiliate in the Arizona League, slashing .275/.367/.388 with eight extra bases and a .755 OPS in 98 PA.
The real get for the Padres isn’t Hughes (even with much of his salary already accounted for), but the Competitive Balance B selection in next week’s amateur draft. As MLB.com’s AJ Cassavell points out, the club lost their second-round pick after inking Eric Hosmer to a massive eight-year, $144 million deal back in February.