The Mets deal with David Einhorn continues to be delayed

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Last week the Daily News reported that the Mets deal with investor David Einhorn was being slowed up because the Mets, no longer shackled by the exclusive negotiation window with Einhorn, were talking to others who may offer them a better deal. Today the New York Post tells a somewhat different story: the Einhorn deal isn’t sealed yet because another Mets lender — J.P. Morgan Chase — is blocking it.

Why?  Because Einhorn’s deal, though thought of as an investment in the team, is functionally like a loan. As in, he’s offering the Mets money now, is taking  a stake of the team as, essentially, collateral, and will be repaid in three years, at which time his stake is reduced to 16 percent. That 16 percent can be thought of as interest.

At least that’s how J.P. Morgan sees it. And, as someone who is owed way more money by the Mets than Einhorn will be, and as someone who lent money to the Mets earlier, they want to be paid back before Einhorn is.

So, the Mets are still negotiating with everyone and are likely still shopping around for other investment offers.  But it’s not necessarily out of a pure position of leverage over Einhorn. It’s partially because they can’t yet get the deal done with him.

Cards’ Yadier Molina says he tested positive for COVID-19

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St. Louis Cardinals catcher Yadier Molina says he’s one of the players on the team who tested positive for COVID-19.

The nine-time All-Star revealed his results Tuesday in a Spanish-language Instagram post. Soon afterward, the Cardinals issued a release naming six of the players who have tested positive.

The others are infielders Paul DeJong, Edmundo Sosa and Rangel Ravelo along with pitchers Junior Fernandez and Kodi Whitley.

“I am saddened to have tested positive for COVID-19, even after adhering to safety guidelines that were put in place,” Molina said in a release issued by the team. “I will do everything within my power to return as soon as possible for Cardinals fans, the city of St. Louis and my teammates.”

Cardinals general manager John Mozeliak said Monday that seven players and six staff members had tested positive. At the time, Mozeliak said the people to test positive hadn’t been identified publicly because they had declined to have their names released.

The Cardinals said Tuesday that six players had decided to grant permission to have their names revealed.

“I will approach my healing as I do all other things in my life – with education, commitment, and persistence. I look forward to re-joining the team soon and ask that you respect my privacy at this time,” DeJong said in a statement released by the team.

The outbreak resulted in the postponement of the Cardinals’ scheduled three-game weekend series at Milwaukee as well as a four-game series with Detroit that was supposed to run Monday through Thursday. The Cardinals have played just five games this season and are hoping to return to action Friday hosting the Chicago Cubs.

As of now, the Cardinals who have tested positive have returned home while the rest of the team remains isolated in Milwaukee hotel rooms. Their last game was July 29 at Minnesota.

Mozeliak said Monday that five of the 13 overall members of the Cardinals’ traveling party to test positive were asymptomatic. The other eight had minor symptoms including headaches, coughs, sniffles and low-grade fevers. Mozeliak said none of the eight had required hospitalization.

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