The Mets’ search for investors is moving slowly

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When David Einhorn backed out of buying into the Mets, the Mets announced that rather than finding one big sugar daddy that they’d look for multiple sugar babies instead. Investors looking to give them, say $20 million a pop.  The search for such beasts has been ongoing, but it’s not going quickly:

At this point, none of the units have been sold, said two people briefed on the status of the sales who spoke on the condition of anonymity. They added that there were strong buyer commitments for as many as seven of the shares. However, until there are equally firm offers for the other units, it is possible that none of them will be sold.

I still don’t get who would want to own a small part of a closely-held corporation like this. No control and the possibility of capital calls whenever.  Fine, you can say you own a piece of the Mets and get a suite at the games.  I could go to parties all over the city for a year and tell people I own part of the Mets and I bet no one would bother to call my bluff.  A suite can be had for less than $20 million.

Oh well. The rich are different than you and me.

Pitch clock cut minor league games by 25 minutes to 2:38

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NEW YORK — Use of pitch clocks cut the average time of minor league games by 25 minutes this year, a reduction Major League Baseball hopes is replicated when the devices are installed in the big leagues next season.

The average time of minor league games dropped to 2 hours, 38 minutes in the season that ended Wednesday, according to the commissioner’s office. That was down from 3:03 during the 2021 season.

Clocks at Triple-A were set at 14 seconds with no runners on base and 19 with runners. At lower levels, the clocks were at 18 seconds with runners.

Big league nine-inning games are averaging 3:04 this season.

MLB announced on Sept. 9 that clocks will be introduced in the major leagues next year at 15 seconds with no runners and 20 seconds with runners, a decision opposed by the players’ association.

Pitchers are penalized a ball for violating the clock. In the minors, violations decreased from an average of 1.73 per game in the second week to 0.41 in week 24.

There will be a limit of two pickoff attempts or stepoffs per plate appearance, a rule that also was part of the minor league experiment this season. A third pickoff throw that is not successful would result in a balk.

Stolen bases increased to an average of 2.81 per game from 2.23 in the minors this year and the success rate rose to 78% from 68%.

Many offensive measurements were relatively stable: runs per team per game increased to 5.13 from 5.11 and batting average to .249 from .247.

Plate appearances resulting in home runs dropped to 2.7% from 2.8%, strikeouts declined to 24.4% from 25.4% and walks rose to 10.5% from 10.2%. Hit batters remained at 1.6%.