Mets hire the turnaround consulting firm that handled the Rangers bankruptcy and sale

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Eno Sarris of Amazin’ Avenue reported last night that the New York Mets have hired a consulting firm called CRG Partners.  The significance?  That’s the same consulting firm Tom Hicks and the Texas Rangers hired in 2010 (a) to put them into and help them through bankruptcy and; (b) to eventually help sell the team to Chuck Greenberg and Nolan Ryan.

A little after Eno’s report came out the Mets confirmed that they hired CRG. But they disputed any suggestion that this has anything to do with a bankruptcy or a sale. Rather, it was “to provide services in connection with financial reporting and budgeting processes.”

Could be. There are a lot of reasons to hire a turnaround firm and if the Wilpons don’t plan to sell they can’t be forced to unless everything completely crashes. But as Eno points out in his report, such firms make the biggest money when they help orchestrate something big, not when they come in and help a business optimize their TPS reports.

It strikes me that the thing to watch here is when and if the Mets finally manage to sell off those minority interests they’ve been trying to sell in order to raise cash.  Sandy Alderson said yesterday that he believes that’s going well and deals could close this month, but it’s been taking a while and nothing has been announced.

Know who else tried to sell minority shares to save themselves and couldn’t?  The Texas Rangers. Then they hired CRG.  So, you know.

Fried, Braves go to salary arbitration for 2nd straight year

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Brett Davis/USA TODAY Sports
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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.