The Mets are going to settle one of their many lawsuits

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The big one — the case brought by the bankruptcy trustee for the Bernie Madoff debacle — is still going on, but the Mets are now poised to settle a bit of business.

It’s a lawsuit brought by employees of Sterling Equities — the company run by Fred Wilpon and Saul Katz — accusing the Mets owners of breaching the fiduciary duties by mishandling investments with Madoff, putting employee 401K money with him and that sort of thing.

Terms of the settlement weren’t disclosed, but it’s not like you or I care about that so much. The key here is that, one-by-one, Wilpon and Katz are getting this stuff put to bed. I would guess that they’ll get the big case brought by Irving Picard put to bed soon too.  And they’ll have some minority investors in place, at least if you believe them when they say how much interest there is in all of that.

After that, baseball will be the primary order of the day in Queens.

(thanks to Martin S. for the heads up)

Astros assistant GM Mike Elias reported to be next Orioles general manager

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Bob Nightengale of USA Today reports that Astros assistant GM Mike Elias will be the new general manager of the Orioles “barring a change of heart.”

Elias, 35, has been the Astros’ assistant general manager since August 2016. He had previously served as Houston’s scouting director and, before that, as a scout for the Cardinals. He was part of the team that came over from the Cardinals when Jeff Luhnow joined the Astros.

If he does take the O’s job his work will certainly be cut out for him. Baltimore was historically bad in 2018, finishing 47-115 thanks to a roster full of expensive, past-their-prime players and an underdeveloped farm system. He’ll have to hit the ground running too, as he’ll not join the team until nearly two months into the club’s offseason, having had no time to assess its needs and personnel. Oh, and the Winter Meetings begin in a little over three weeks.