Saul Katz wants to sell his share of the Mets

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The New York Times reports that Saul Katz, who along with Fred Wilpon own around a 2/3 interest in the New York Mets, wants to sell his ownership stake.

The problem — if he sells his share, that likely deprives Fred Wilpon of his control of the team, because Wilpon doesn’t independently own 50%+ of the team. He runs it now in a partnership with Katz, who has always left baseball operations to Wilpon. If Katz were to structure the sale of his stake in such a way to prevent anyone else from having a share as large as Wilpn’s — say to separate buyers — he’d get way less than what the shares are actually worth given the lack of any team control offered to the buyers.

So, if Wilpon is to keep control of the team he’d have to buy out Katz himself, which is unlikely given the kinds of cashflow problems Wilpon has. Or I suppose he could try to get Katz to agree to take a fraction of what his large interest might go for in breaking it up among multiple buyers. For what it’s worth, Katz and Wilpon are brothers-in-law and business partners outside of the Mets, so I suppose anything is possible.

My guess: this is Katz making some noise and starting what may be a long process of getting out from under the Mets, not the harbinger of anything imminent given Wilpon’s desire to give the team to his son Jeff and given the logistical problems in place.

But, hey, if it allows Mets fans to at least begin to imagine what it’d be like for their team to be owned by people who actually have money to spend on this team I suppose it’s better than nothing.

Astros star Jose Altuve has surgery on broken thumb, a WBC injury

Sam Navarro-USA TODAY Sports
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Houston Astros star Jose Altuve had surgery Wednesday on his broken right thumb, an injury that occurred in the World Baseball Classic and will significantly delay the second baseman’s 2023 debut.

The Astros announced that the 32-year-old Altuve had the procedure done in Houston and will stay there to begin his rehabilitation, with only one week left in spring training. The Astros will fly there on Sunday following their final Grapefruit League game in Florida, before playing a pair of exhibitions against their Triple-A team, the Sugar Land Space Cowboys, in Texas.

Altuve was hit by a pitch on Saturday while playing for Venezuela in the WBC. He might not be ready to return to the lineup until at least late May. The eight-time All-Star and 2017 American League MVP batted .300 with 103 runs, 28 homers and 18 steals for the World Series champion Astros last season. Mauricio Dubón and David Hensley are the leading candidates to fill in for Altuve at second base.

Altuve isn’t the only Major League Baseball star who was hurt in WBC play, of course. Mets closer Edwin Díaz will miss the 2023 season because of a torn patellar tendon in his right knee as the freak result of an on-field celebration following a WBC win by the Puerto Rico national team.

BROWN DOWN

The Astros also scratched right-hander Hunter Brown from his scheduled start Wednesday against the Mets in Port St. Lucie, Florida.

Manager Dusty Baker told reporters that Brown, who is ranked by MLB as the organization’s top prospect and competing for the last spot in the rotation, has discomfort in his lower back.

NOT QUITE READY

The New York Mets sent catcher Francisco Álvarez to Triple-A Syracuse, quashing for now the possibility of putting the prized 21-year-old on the opening day roster.

Álvarez, who made his major league debut with the Mets near the end of last season, had just three hits in 28 at-bats in Grapefruit League exhibition games. Ranked by MLB as the third-best prospect in baseball, Álvarez batted .260 with 27 homers and 78 RBIs in a combined 112 minor league games in 2022 at Double-A and Triple-A.

The Mets have newcomer Omar Narváez, a 2021 All-Star with the Milwaukee Brewers, as their primary catcher with Tomás Nido likely to play mostly against left-handed pitchers.

Speaking of the Mets, Díaz turned 29 on Wednesday – a rather subdued milestone for the right-hander considering his situation. Diaz nonetheless posted in Spanish an upbeat message on his Twitter account, thanking God for another year of life and describing his health as good and his outlook as positive in this initial stage of the roughly eight-month rehabilitation process.