After speaking with a variety of legal experts and those around the baseball world, Ken Rosenthal and Jon Paul Morosi of FOXSports.com warn that the current litigation into the Wilpons’ involvement in Bernie Madoff’s Ponzi scheme may result in an exposure of MLB’s financial records.
Here’s what one former club president had to say:
“This is bad news for the Mets and everyone in baseball. Because of revenue sharing, everybody’s a partner of everyone else in a greater way than ever before. The discovery process and document searches aren’t going to be confined only to the Mets. This will get back to MLB.”
Rosenthal and Morosi paint one hypothetical scenario where the Mets may have cut a check from a Madoff-funded account in order to satisfy an obligation to MLB, such as the revenue-sharing system. Irving Picard could then ask MLB to tell him where the money was applied.
You can bet that MLB would do their best to keep this information under wraps, but Rosenthal and Morosi write that it would become public knowledge in the event of a trial. This is one of the reasons why commissioner Bud Selig is reportedly hoping for a settlement.
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.