Hedge fund/poker god David Einhorn has been assumed to have an all but done deal to buy a minority share in the Mets, but the New York Daily News reports that the Wilpons are talking to other potential investors, even as they continue to try to finalize a deal with Einhorn.
Which is their right, because the exclusivity period for negotiations with Einhorn ended a couple of weeks ago. Einhorn, the Daily News reports, has been driving a hard bargain on some final details, so the Wilpons are talking to others, including commodities trader Ray Bartoszek.
The thinking: Einhorn is still probably going to get his stake, but a deal had better get done soon lest the Mets find others who are willing to give them a sweeter deal.
Yesterday free agent shortstop Troy Tulowitzki held a workout in California and representatives from at least eleven teams were on hand, reports Tim Brown of Yahoo. Among the clubs present: the Giants — who were said to have a “heavy presence,” including team president Farhan Zaidi and manager Bruce Bochy — the Angels, Red Sox, Cubs, Padres, White Sox, Orioles, Yankees, Phillies, Tigers and Pirates.
Your first reaction to that may be “Um, really? For Tulowitzki?” But a moment’s reflection makes it seem more sensible. We’re so tied up in thinking of a player through the filter of their contract and, when we’ve done that with Tulowitzki over the past several years, it has made him seem like an albatross given the $20 million+ a year he was earning to either not play or play rather poorly due to injuries.
It was just the contract that was the albatross, though, right? An almost free Tulowitzki — which he will be given that the Blue Jays are paying him $38 million over the next two seasons — is a different matter. If you sign him it’ll be for almost no real money and he stands a chance to be an average or maybe better-than-average shortstop, which is pretty darn valuable. You might even get one quirky late career return-to-near-glory season from him, in which case you’ve hit the lottery. If, however, as seems more likely, he just can’t get it done at all, you’re not out anything and you can cut him with little or no pain.
Eleven teams think he’s at least a look-see. I bet one of them will offer him a major league deal. Maybe more than one. He’ll probably have his pick of non-roster invites to spring training. I can’t see the downside to at least doing that much.