Buster Olney — who isn’t known to crack wise on Twitter very often — cracked wise on Twitter this afternoon in response to the Wilpon-Madoff mess:
The Mets’ best defense in Madoff suit: We signed Oliver Perez and Luis Castillo to $60m deals-and WE were supposed to sniff out Ponzi scheme?
See, that’s funny, but there is a core of horror there for all Mets fans.
As far as I can see, there really are really only two explanations for the Wilpons’ current mess: (1) they were, as the bankruptcy trustee alleges, willfully blind or even indifferent to the warning signs that surrounded the Bernie Madoff investments; or (2) they were simply ignorant of all of the risks and warning signs despite their vast investment experience and business sophistication.
Negligent or dumb? Take your pick. Neither one is very comforting.
It’s extension season and Ken Rosenthal of The Athletic reports that the Astros — who already agreed to an extension with Alex Bregman — are discussing contract extensions with Justin Verlander and Gerrit Cole.
Funny thing about Verlander, by the way: when he got his current $180 million deal, most people fell into the “oh, there’s an overpay!” column. What’s more, this past winter, when everyone was talking about how bad it is to give guys big long term deals, Verlander’s name was notably absent in the conversation despite the fact that his deal has turned out to be quite good. I suppose that says something about how good the anti-long-term deal folks are at cherrypicking.
That being said, Rosenthal says “it would be an upset” if either Verlander or Cole signed extensions. I can see that. Verlander is locked up this year and has a vesting option for 2020, and a lot can happen in a year or two. Cole is a Scott Boras client and Boras clients tend to hit the market rather than sign extensions. Perhaps their former teammate, Dallas Keuchel‘s, terrible experience on the free agent market this winter will alter that calculus. Hard to say.