David Einhorn is getting one heck of a deal

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UPDATE: The New York Times confirms Adam Rubin’s report and adds that the deal being discussed between Einhorn and the Mets does not include SNY, which is the team’s television network. Einhorn didn’t say much during the conference call Thursday, but was adamant that he had “no interest” in owning a television station.

9:30 AM: Adam Rubin of ESPN New York reports that David Einhorn does indeed have a path to majority ownership with the Mets. Of course, that was the assumption all along, as it wouldn’t make much sense if he didn’t have that option, but the exact terms of the deal are a doozy.

Einhorn has agreed in principal to purchase roughly 33 percent of the team for $200 million, which will infuse cash and keep the organization solvent in the immediate future. In three years, according to the source, Einhorn has an option to up his stake to 60 percent, although principal owner Fred Wilpon and his family have an opportunity to block Einhorn from gaining that majority stake.

The source said the Wilpons can stop Einhorn from gaining the majority share essentially by returning Einhorn’s initial $200 million investment yet allowing him to keep the 33 percent share of the team.

So, basically, in three years either Einhorn will either have majority control of the Mets or get his initial $200 million investment back and still keep one-third of the team. Kind of makes you wish you had $200 million sitting around, right? Not only is this the best deal you’ll see this week (year?), but it also tells you how hard-up the Wilpons are for cash right now.

Clay Buchholz makes first major league start in over a year

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The Diamondbacks selected the contract of pitcher Clay Buchholz from Triple-A Reno ahead of Sunday’s game against the Mets. It marked Buchholz’s first major league start since April 11 last season (also against the Mets) when he was a member of the Phillies. Shortly after that start, he was diagnosed with a partial tear of his flexor pronator mass and he ended up not being able to pitch the rest of the season.

Buchholz signed a minor league deal with the Royals but he opted out of his contract at the beginning of this month. The Diamondbacks signed him to a minor league deal a few days later, needing depth with a depleted starting rotation. Buchholz made two starts for Reno before getting the call Sunday.

Buchholz, 33, pitched well on Sunday against the Mets, lasting five innings and limiting the opposition to a run on two hits and a walk with two strikeouts. His only blemish was allowing a solo home run to Amed Rosario leading off the sixth. He was immediately relieved by T.J. McFarland afterwards.

It is not yet clear if Buchholz will get another turn through the D-Backs’ rotation.