An in-depth profile of Fred Wilpon, with bonus Reyes, Beltran and Wright-ripping

21 Comments

If you have the time — and if you don’t, I suggest you make the time — go read this profile of Fred Wilpon in The New Yorker. It’s easily the most in-depth thing I’ve ever read about him, his life, his ownership of the Mets and — of course — his dealings with Bernie Madoff.

My biggest overall takeaway: Wilpon seems like a very nice and thoughtful man who truly loves baseball, and the story of his journey form Bensonhurst to the top of the real estate and sports world is impressive.  You can see why Bud Selig — who also fits that description, minus the Bensonhurst — is far more willing to work with Wilpon and help see him through his ownership issues than, say, Frank McCourt who is off-putting in just about every way imaginable. You can also see that, if it ever comes to that, Wilpon will probably do very well with a jury, even if he certainly has to hope it never comes to that and if the author of the story, Jeffrey Toobin, believes that a settlement of the case is inevitable.

None of this really changes the basic situation with Madoff and the lawsuit — that’s a story about numbers and risk-management, and what someone in Wilpon’s shoes should have known and when, not a story about personalities — but the story certainly does put a human face on a situation that is so complex that it is often rendered in the most cartoonish terms.

On the baseball side, the biggest takeaway is probably going to be what he said about Jose Reyes, David Wright and Carlos Beltran.  Of Reyes: “He thinks he’s going to get Carl Crawford money … he won’t get it.” Wright: “A really good kid. A very good player. Not a superstar.” Also, when a supposed “Mets curse” was mentioned, Wilpon pantomimed Carlos Beltran not swinging at the famous Adam Wainwright curveball that ended the 2006 NLCS and he called himself a “schmuck” for giving Beltran his $119 million deal.

Of the Mets overall, Wilpon said “we’re snakebitten, baby” and referred to them as “a shitty team.”  You can understand where the “let’s kill our best players” mentality and the self-loathing that surrounds the Mets comes from.

Oh, and this paragraph, which has little to do with Wilpon’s overall story, is nonetheless a key insight into the baseball ownership business:

He and his partners bought the Mets just before the real-estate market began a sustained boom. And he didn’t anticipate that owning the Mets would boost his seemingly unrelated business interests. “No one had heard of us before we bought the Mets, and afterward the change was dramatic,” Wilpon told me. “I don’t think someone has not returned one of my telephone calls in thirty years. It’s a small club, owning a baseball team, and people want to be near it.” As Katz told me, “You take the chairman of the board of a bank, with his grandson, on the field to meet David Wright, and make that grandfather a hero, and you do business the way we do business, it opens up everything.”

The business of baseball ain’t all about tickets sold.

Anyway: clip and save this story and read the whole thing when you get the time.

Texas Rangers ink free-agent ace Jacob deGrom to 5-year deal

Jacob deGrom
USA Today
0 Comments

ARLINGTON, Texas — Jacob deGrom is headed to the free-spending Texas Rangers, who believe the health risk is worth the potential reward in trying to end a six-year run of losing.

The two-time Cy Young Award winner agreed to a $185 million, five-year contract Friday, leaving the New York Mets after nine seasons – the past two shortened substantially by injuries.

“We acknowledge the risk, but we also acknowledge that in order to get great players, there is a risk and a cost associated with that,” Rangers general manager Chris Young said. “And one we feel like is worth taking with a player of Jacob’s caliber.”

Texas announced the signing after the 34-year-old deGrom passed his physical. A person with direct knowledge of the deal disclosed the financial terms to The Associated Press. The person spoke on condition of anonymity because the club did not announce those details.

The Rangers were also big spenders in free agency last offseason, signing shortstop Corey Seager ($325 million, 10 years) and second baseman Marcus Semien ($175 million, seven years).

The team said deGrom will be introduced in a news conference at Globe Life Field next week following the winter meetings in San Diego.

“It fits in so many ways in terms of what we need,” Young said. “He’s a tremendous person. I have a number of close friends and teammates who played with Jacob and love him. I think he’s going to be just a perfect fit for our clubhouse and our fans.”

Texas had modest expectations after adding Seager, Semien and starter Jon Gray ($56 million, four years) last offseason but still fell short of them.

The Rangers went 68-94, firing manager Chris Woodward during the season, and then hired Bruce Bochy, a three-time World Series champion with San Francisco. Texas’ six straight losing seasons are its worst skid since the franchise moved from Washington in 1972.

Rangers owner Ray Davis said the club wouldn’t hesitate to keep adding payroll. Including the $19.65 million qualifying offer accepted by Martin Perez, the team’s best pitcher last season, the Rangers have spent nearly $761 million in free agency over the past year.

“I hate losing, but I think there’s one person in our organization who hates losing worse than me, and I think it’s Ray Davis,” Young said. “He’s tired of losing. I’m tired of losing. Our organization is tired of losing.”

After making his first start in early August last season, deGrom went 5-4 with a 3.08 ERA in 11 outings. He helped the Mets reach the playoffs, then passed up a $30.5 million salary for 2023 and opted out of his contract to become a free agent for the first time.

That ended his deal with the Mets at $107 million over four years, and deGrom rejected their $19.65 million qualifying offer in November. New York will receive draft-pick compensation for losing him.

The fan favorite becomes the latest in a long line of ace pitchers to leave the Mets for one reason or another, including Nolan Ryan, Tom Seaver, Dwight Gooden and David Cone.

The Rangers visit Citi Field from Aug. 28-30.

When healthy, deGrom is perhaps baseball’s most dominant pitcher. His 2.52 career ERA ranks third in the expansion era (since 1961) behind Los Angeles Dodgers lefty Clayton Kershaw (2.48) and Hall of Famer Sandy Koufax (2.19) among those with at least 200 starts.

The right-hander is 4-1 with a 2.90 ERA in five career postseason starts, including a win over San Diego in the wild-card round this year that extended the Mets’ season. New York was eliminated the next night.

A four-time All-Star and the 2014 NL Rookie of the Year, deGrom was a ninth-round draft pick by the Mets in 2010 out of Stetson, where he played shortstop before moving to the mound. He was slowed by Tommy John surgery early in his career and didn’t reach the majors until age 26.

Once he arrived, though, he blossomed. He helped the Mets reach the 2015 World Series and earn a 2016 playoff berth before winning consecutive NL Cy Young Awards in 2018 and 2019.

But injuries to his elbow, forearm and shoulder blade have limited him to 26 starts over the past two seasons. He compiled a career-low 1.08 ERA over 92 innings in 2021, but did not pitch after July 7 that year because of arm trouble.

DeGrom is 82-57 with 1,607 strikeouts in 1,326 innings over nine big league seasons. He gets $30 million next year, $40 million in 2024 and 2025, $38 million in 2026 and $37 million in 2027. The deal includes a conditional option for 2028 with no guaranteed money.

The addition of deGrom gives the Rangers three proven starters along with Gray and Perez, who went 12-8 with a career-best 2.89 ERA in his return to the team that signed him as a teenager out of Venezuela. Young didn’t rule out the addition of another starter.

With several holes on their starting staff, the Mets have shown interest in free agents Justin Verlander and Carlos Rodon to pair with 38-year-old Max Scherzer atop the rotation.

Now, with deGrom gone, signing one of those two could become a much bigger priority.