UPDATE: Richard Sandomir reports that the settlement is for $162 million.
This is still a hefty chunk of change, but it is less than the liability they faced. And, more importantly, it brings certainty to what has been an uncertain liability hanging over the team’s head for a couple of years now.
9:27 AM: The trial involving the Mets owners and the bankruptcy trustee in the Bernie Madoff mess was to begin this morning. Minutes ago, however, it was announced that the parties have reached a settlement.
This was not expected. And at the moment we have no details. We’ll update as soon as we learn some.
Instant reaction, though: My guess is the Wilpons and Saul Katz don’t settle unless it allows them enough financial comfort to keep control of their most treasured asset, the New York Mets.
Ken Rosenthal of The Athletic reports that the Marlins, Mets, and Yankees have had discussions about a three-team trade in which Marlins catcher J.T. Realmuto would go to the Mets. It’s not known which other players were discussed in the deal, but Rosenthal notes that the Mets wouldn’t be willing to part with Noah Syndergaard if they are only getting Realmuto in return.
Realmuto, 27, was the best offensive catcher in baseball in 2018, batting .277/.340/.484 with 21 home runs and 74 RBI in 531 plate appearances. He has two more years of team control remaining until he becomes eligible for free agency, adding to his value.
The Mets’ catching corps currently includes Kevin Plawecki and Travis d'Arnaud, so Realmuto would be a significant upgrade. Such a trade would be the club’s second big splash of the offseason as the Mets finalized a trade to acquire second baseman Robinson Canó and closer Edwin Díaz from the Mariners earlier this month.
Interestingly, the Mets and Yankees haven’t made a deal involving major league players since December 2004, when the two sides swapped pitchers Mike Stanton and Félix Heredia, Rosenthal points out.