The likelihood of David Einhorn completing his deal for a minority share of the Mets has been ebbing and flowing, but it appears to have finally flowed. Or, er, maybe it’s ebbed. The good one, I mean, whichever that one is. Screw it, here’s Richard Sandomir in the New York Times:
The Mets’ deal to sell a minority stake in the team for $200 million to David Einhorn, a hedge fund manager, is finished except for completing the deal’s paperwork, said one person briefed on the sale.
The parties have apparently appeased J.P. Morgan, which had complained about the deal earlier and wanted to ensure that it got paid first. Also a contributing factor: the Mets unloaded Carlos Beltran, and his depressing, loser persona that has infected everything the Mets have tried to do for years is no longer around to make everything crappy.
The last part of that is just speculation, of course, based on stuff I read in another Times article.
Update (8:23 PM ET): MASN’s Roch Kubatko talked to new GM Mike Elias, who said there has been no offer made to Hyde for the position. Elias called the report “premature.”
The Orioles are expected to name Cubs bench coach Brandon Hyde as the new manager, Joel Sherman of the New York Post reports. Nothing is official yet.
Hyde, 45, spent four seasons in the minors with the White Sox from 1997-2000, then played in the independent Western League in 2001 before calling it quits. He was a coach with the Marlins from 2010-12 and has been with the Cubs since 2013.
Other candidates for the Orioles’ open managerial position have included Pedro Grifol, Chip Hale, Mike Redmond, Mike Bell, and Manny Acta.
Hyde is taking over for Buck Showalter, who was at the helm of the Orioles from 2010-18. Last season, however, the Orioles finished 47-115, the worst record in team history. Hyde will be taking over a team that is rebuilding, so the expectations will be relatively low in his first couple of seasons.