The Wilpons have more than just the bankruptcy trustee to worry about

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For those of you following the Wilpon/Mets/Madoff train wreck, there’s a fascinating story in today’s New York Times which suggests that the Wilpons’ legal problems may just be getting started.

The upshot: when Madoff got arrested, the Wilpons and Saul Katz were strapped. Coming to their rescue: as many as eight banks who provided them with financing on which Sterling Equities continues to rely.  The Times talks to multiple banking and legal experts who suggest that, in light of the current lawsuit — and all of the ugliness it’s dredging up — the banks could do any number of things, none of which are good for the Wilpons and Katz.

Things like calling in their loans now, which would put even more financial pressure on them to sell the Mets. Another possibility: they could comb through all of their own financial records relating to the Wilpons searching for something — anything — which, in light of the new information we’re all learning, could be used to cast the Wilpons in a bad light.

I don’t pretend to understand the complexity of the financial stuff.  But I certainly do understand the overall when-it-rains-it-pours dynamic of these things. We’d all like to believe that people will stand strong with us when things get bad, but when a scandal erupts or a suit gets filed people either run for cover, look for someone else to throw under the bus or both.  These banks are no innocents themselves. J.P. Morgan, for example, has its own Madoff-related problems.  You can bet that if there’s a way to shift blame to or share blame with someone else, they’ll take it.  The first big conversation with the lawyers in any mess like this involves the question of “who else can be invited to this party?”

Every day the Wilpons don’t settle with the trustee is another day when someone, somewhere, will consider jumping on the pile.

Kolten Wong exits game with elbow contusion

Kolten Wong
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Cardinals second baseman Kolten Wong was pulled from Saturday’s game against the Brewers after sustaining a right elbow contusion, according to a team announcement. The full extent of the injury has not been revealed, nor is it clear when Wong might return to the lineup, though he’s presumed to be day-to-day for the time being.

Wong suffered the injury in the third inning. He reached base on a line drive single to right field, his first of the evening, and was accidentally struck on the elbow when Wade Miley made an errant throw to Jesus Aguilar on a pickoff attempt. The 27-year-old second baseman has already seen his season shortened by injuries after sustaining a right thigh contusion and, more recently, dealing with a bout of chronic inflammation in his left knee. He entered Saturday’s contest batting .238/.323/.388 on the year with eight home runs, and a .711 OPS through 330 PA.

Following the incident, Wong was replaced on the field by Greg Garcia at the top of the fourth inning. The Cardinals currently lead the Brewers 4-1 in the bottom of the sixth.