The Mets and Madoff: “Bernie was part of the business plan for the Mets”

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Fred Wilpon has insisted since 2008 that the Bernie Madoff mess had little impact on the Mets’ baseball operations.  Even since last week, when it was announced that he would have to sell part of the team due to the Madoff losses, the sense has been that they are exclusively personal losses and that since the team is the Wilpons’ largest asset it was logical that he turn to the team for his capital needs.

There’s an article in today’s New York Times, however, which tells a far different story: Bernie Madoff and his investments were deeply involved in the Mets, and the Mets operations were highly dependent on Bernie Madoff:

When the Mets negotiated their larger contracts with star players — complex deals with signing bonuses and performance incentives — they sometimes adopted the strategy of placing deferred money owed the players with Mr. Madoff’s investment firm. They would have to pay the player, but the owners of the club would be able to make money for themselves in the meantime. There never seemed to be much doubt about that, according to several people with knowledge of the arrangements.

“Bernie was part of the business plan for the Mets,” a former employee of the club said … interviews with current and former associates of Mr. Wilpon and Mr. Katz, as well as former employees of the club, former employees of Mr. Madoff and others, make it clear that the relationship was substantial and that the role Mr. Madoff played in the financial life of the ball club and the Wilpon and Katz families was pervasive.

The more damning part of the article, however, involves the way that the Wilpons would steer friends and even Mets employees to Madoff investments.  Indeed, former Mets GM Frank Cashen says that his deferred compensation package after leaving the Mets was invested with Madoff.  He was paid before the bottom fell out, but he says that Wilpon and Madoff worked “in unison” he says that Wilpon and his partner Saul Katz worked “in unison” to push Mets employees to invest in Madoff securities. That famous Bobby Bonilla deferred money deal was also invested with Madoff.  Madoff also reportedly got many of his investors via introductions from Fred Wilpon, who the bankruptcy trustee suing him alleged knew or should have known that Madoff was a scam artist.

If what the many sources of this article say is true, the Wilpons are more than the victims they’ve made themselves out to be.  They were an important part of Madoff’s operation, whether they themselves knew the nature of the operation or whether they simply placed stupid blind faith in their close friend.

And there is no question that, by virtue of placing team-related investments with Madoff, the financial prospects of the Mets — and not just the Wilpons — was deeply harmed as a result.

Swanson, Olson go deep vs Scherzer, Braves take NL East lead

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ATLANTA — Dansby Swanson and Matt Olson homered off Max Scherzer, lifting the Atlanta Braves to a crucial 4-2 victory Saturday night over the New York Mets and a one-game lead in the NL East.

The defending World Series champions beat aces Jacob deGrom and Scherzer on consecutive nights to take their biggest lead of the season in the division. New York, which held a 10 1/2-game cushion on June 1, faces its biggest deficit of the year with four games remaining.

Atlanta will try for a three-game sweep Sunday night, with the winner earning the season-series tiebreaker between the teams. Even though both teams are headed to the postseason, that’s important because the NL East champion gets a first-round bye in the playoffs.

Swanson’s 24th homer, a go-ahead, two-run shot in the fifth inning, touched off a frenzy among the sold-out crowd at Truist Park, the ball sailing a few rows up into the seats in left-center to make it 3-2. Olson hit his 32nd homer in the sixth, a solo shot into Chop House seats in right to put Atlanta up 4-2.

Austin Riley led off the fourth with a double and scored on Olson’s single to make it 1-all.

Kyle Wright (21-5) gave up two runs and seven hits with one walk and three strikeouts in five innings as he won his eighth straight decision. The Braves have won 16 of his last 17 starts.

New York went up 2-1 in the fifth when Pete Alonso, Francisco Lindor and Jeff McNeil hit consecutive two-out singles.

The Mets led 1-0 in the first when Brandon Nimmo singled, advanced on a walk and a single and scored on Eduardo Escobar‘s groundout. Wright, who threw 30 pitches in the first, stranded two runners in scoring position to prevent further damage.

Scherzer (11-5) allowed a first-inning single to Riley and a third-inning infield single to Ronald Acuna Jr., who advanced to third on a fielding error by Lindor at shortstop but was stranded when Michael Harris II lined out to center. Scherzer patted his glove and pumped his fist as he walked off the mound.

Scherzer was charged with nine hits and four runs with no walks and four strikeouts in 5 2/3 innings as the Mets were knocked out of first place for only the third day all season.

The Braves have won five of the last six against New York to tie the season series 9-all, outscoring the Mets 37-16 over that stretch.

Atlanta’s bullpen, which posted a 1.70 ERA in September, got a perfect inning from Dylan Lee in the sixth. Jesse Chavez faced four batters in the seventh, Raisel Iglesias faced the minimum in the eighth and closer Kenley Jansen pitched a perfect ninth for his NL-leading 39th save in 46 chances.

Since the Braves were a season low-tying four games under .500 at 23-27 after play on May 31, they have gone 76-32, tying the Los Angeles Dodgers for the best record in the majors over that span. They were a season-worst 10 1/2 games behind the first-place Mets on June 1.

Wright, the only 20-game winner in baseball this season, hasn’t officially become the first Braves pitcher to lead the league in wins outright since Russ Ortiz had 21 in 2003, but the Dodgers’ Julio Urias has 17 and can’t reach 20 before the regular season ends.

Wright will become the first Braves pitcher since Hall of Famer Tom Glavine in 2000 to lead the majors in wins. Houston ace Justin Verlander also has 17.

Wright began the game 1-4 with a 6.75 ERA in six career starts and one relief appearance against the Mets.

The Braves, who got homers from Riley, Olson and Swanson off deGrom on Friday, lead the NL with 240 homers.

TRAINER’S ROOM

Mets: All-Star RF Starling Marte (right middle finger fracture) has yet to begin swinging or throwing. Manager Buck Showalter said Marte is experiencing less pain but not enough to take the next step in his recovery. Marte has been sidelined since Sept. 7.

Braves: RHP Spencer Strider still has not thrown as he gets treatment on a sore left oblique. Manager Brian Snitker said there is no timetable for the rookie’s return. Strider has been sidelined since Sept. 21.

NICE GLOVE

Harris ran back and jumped to catch Nimmo’s fly against the wall in center field for the first out of the third.

UP NEXT

Mets RHP Chris Bassitt (15-8, 3.27 ERA) will face RHP Charlie Morton (9-6, 4.29) as the teams conclude a three-game series.