Report: The Mets finally have a minority owner. And Fred Wilpon’s days could be numbered

29 Comments

Multiple outlets are reporting this morning that the Mets have an agreement to sell 49% of the team to one David Einhorn of the hedge fund Greenlight Capital, Inc. for $200 million. The sale would not include a stake in SNY, it’s being reported. No word on what kind of managerial control, if any, Einhorn would have.

For those who care about such things, Einhorn is really young — he turns 43 this year — and is a serious poker player too. Colorful guy.

It’s also probably worth noting that Einhorn is in the news this week for much more significant business reasons:  he, as one of the bigger shareholders in Microsoft, is calling for the company to fire its CEO Steve Ballmer.  He’s also famous for being the guy who called B.S. on Lehman Brothers’ valuation and business practices well before anyone else did, and has made oodles shorting the stock of companies he feels are mismanaged. And he’s been pretty much vindicated in all of these assessments.

So: Einhorn is a guy who is not afraid to call for the head of management and he’s a guy who knows how to make a killing on a distressed asset.  Yeah, I can totally see Einhorn agreeing to a deal in which he’s willing to sit back and let Fred Wilpon do everything he wants to do without any power to question, control or take over the course of the New York Mets. No question about it. It’s like, totally his M.O.

It may not be today and it may not be tomorrow, but I have this feeling that Fred Wilpon’s days as majority owner of the Mets are numbered.

Nick Markakis leads all NL outfielders in All-Star voting

Getty Images
1 Comment

I would hope by now that I no longer have to preface All-Star talk with my usual “none of this matters” disclaimers, but please keep all of that in mind when I mention that Nick Markakis is leading all National League outfielders in All-Star voting.

Markakis, with 1,173,653 votes, has surpassed the slumping Bryce Harper in that category. Harper has 1,002,696 votes. The third place outfielder is Matt Kemp of the Dodgers with 925,697. Fourth place — Charlie Blackmon of the Dodgers — is like 300,000 votes back of Kemp.Yes, Markakis, Harper and Kemp may be the starting NL outfield. Brandon Nimmo — not on the ballot — should be grumpy, but he’ll get his chance I’m sure.

The thing about it: Markakis, for as unexpected as his appearance may be on this list, deserves to at least be in the top three. He’s second in WAR among National League outfielders behind Lorenzo Cain. He’s slowed down a good bit in June and he’s coming off of a 2017 season in which he had a 96 OPS+ and 0.7 WAR, but he’s having quite an outstanding season. I write that mostly so that there is a record of it come October and we’ve all forgotten it.

Seriously, though, good for Markakis, who has never made an All-Star Game. Good for Kemp too for that matter, who most people assumed was a walking — well, limping — corpse heading into this season. Good for Harper because anything that can keep up the guise of him having a good year when, in reality, he’s really not, will help his confidence as he heads into free agency.

Finally, good for the American League, who will likely get to face a far, far inferior National League team next month in Washington.

The rest of the voting: