Wilpon: The Mets are “bleeding cash”

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There was a time, not too long ago, when if one were to suggest in a post on this blog that the Mets financial situation was dire, as opposed to merely being a troublesome, short-term cash flow annoyance, and that the Wilpons’ hold on the team was in serious jeopardy, as opposed to merely being subject to some moderate restructuring, that:

(a) a certain commenter who seems overly-invested in defending the Wilpons for someone not in their employ would show up here and claim that you were a fubulist; and

(b) the writer of such a post would receive emails from various people in official capacities claiming that he was being unduly harsh in his assessments with respect to the state of the Mets.

Given that Fred Wilpon is himself saying such things right now, however, I suppose it’s safe for me to pass this along from the New York Daily News without having to field such criticism:

The Mets are “bleeding cash” and could lose as much as $70 million this year, Fred Wilpon said in a story that will appear in this week’s Sports Illustrated. The embattled Mets owner told the magazine he fears the $1 billion clawback lawsuit filed by Irving Picard, the trustee who represents Ponzi scheme artist Bernie Madoff’s victims, could cost him ownership of the team if Picard prevails.

It is unknown whether, in the Sports Illustrated article, Wilpon once again loses the thread of the interview and slams Johan Santana or Francisco Rodriguez.

Report: Padres acquire Tommy Pham from Rays

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Kevin Acee of the San Diego Union-Tribune reports that the Padres have acquired outfielder Tommy Pham from the Rays in exchange for outfielder Hunter Renfroe and Single-A middle infielder Xavier Edwards. The Padres are also expected to receive an as yet unknown prospect from the Rays.

Pham, 31, is entering his second year of arbitration eligibility and is projected to earn $8.6 million for the 2020 season. This past season with the Rays, Pham was valued at 3.7 Wins Above Replacement according to Baseball Reference, playing solid defense while batting .273/.369/.450 with 21 home runs, 68 RBI, 77 runs scored, and 25 stolen bases over 654 plate appearances.

Renfroe, 27, is entering his first year of arbitration eligibility as a Super Two player. MLB Trade Rumors projects him to earn a $3.4 million salary in 2020. He’s coming off of a campaign in which he set a career-high in home runs with 33 while batting .216/.289/.489 with 64 RBI and 64 runs scored across 494 trips to the plate.

Edwards, 20, was selected by the Padres in the first round (38th overall) of the 2018 draft and was ranked as the No. 5 prospect in the organization, per MLB Pipeline. He spent 2019 between Single-A Fort Wayne and High-A Lake Elsinor, batting a combined .322/.375/.396 with 27 extra-base hits, 43 RBI, 76 runs scored, and 34 stolen bases in 561 PA.

The Padres needed to upgrade the offense in the outfield as the club ranked in the bottom-third of the league with an aggregate .740 OPS from all three outfield spots. The club sent Franmil Reyes, who put up an .849 OPS for the Padres over the first four months of 2019, to the Indians at the trade deadline. Wil Myers put up a slightly below average .739 OPS and Manuel Margot posted a light .691 OPS.

It will be interesting to see if the Rays can level up Renfroe. He certainly hits for power but he will need to work on his on-base skills if he is going to help this trade pan out well for the Rays. Edwards will help as well, as he is rated No. 72 overall among prospects across the league, according to MLB Pipeline. Along with the talent acquired in the trade, the Rays save a bit of money swapping Pham for Renfroe.