This is fun. Adam Gross from the Metsonline blog talked to a financial industry source to get an assessment of the merits of those minority stakes the Mets are trying to sell off. Click through for the detailed comments of the financial guy. In the meantime, here is the upshot:
He basically responded saying that no one should want to become a minority owner because the benefits that you get from becoming an owner are available for a much cheaper sum and the investment has essentially no upside.
But hey, discounts on foam fingers and stuff.
Anyway, why do I feel like this is going to end much like Tom Hicks’ gambit of selling off minority shares in the Rangers a couple of years ago? With the whole team for sale.
ST. PETERSBURG, Fla. — Pitcher Max Fried went to salary arbitration with the Atlanta Braves for the second straight year, asking for $15 million instead of the team’s $13.5 million offer.
The 29-year-old left-hander went 14-7 for the second straight season and lowered his ERA to 2.48 from 3.04 in 2021. Fried was a first-time All-Star last season, was second to Miami’s Sandy Alcantara in Cy Young Award voting and was third in the National League in ERA behind Alcantara and Julio Urias with the Los Angeles Dodgers.
Fried won a $6.85 million salary last year instead of the team’s $6.6 million proposal in arbitration. That was after he pitched six shutout innings in World Series Game 6 as the Braves won their first title since 1995.
Fried, who is eligible for free agency after the 2024 World Series, had his case heard Friday by a panel that’s expected to issue a decision Saturday.
Players have won two of three decisions so far: Pitcher Jesus Luzardo ($2.45 million) and AL batting champion Luis Arraez ($6.1 million) both beat the Miami Marlins. But Seattle defeated Diego Castillo ($2.95 million).
A decision is being held for Los Angeles Angels outfielder Hunter Renfroe, whose case was argued Monday. About 20 more cases are scheduled through Feb. 17.