Steve Cohen Mets offer
REUTERS/Steve Marcus

Report: Steve Cohen makes $2 billion offer to purchase Mets

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Charles Gasparino reports that billionaire hedge fund manager Steve Cohen has submitted an offer to buy the Mets for $2 billion as well as an additional $2 billion for SportsNet New York (SNY). The Mets own a 65% controlling interest in SNY. (Full disclosure: Comcast, through NBC Sports Group, owns an 8% share of SNY.)

As Jon Heyman reported yesterday, the Mets were expected to accept the first round of bids by Thursday. Cohen was one of a handful of bidders that also included Josh Harris and David Blitzer, Álex Rodríguez and Jennifer Lopez, and the Reuben brothers.

Cohen and the Wilpons were believed to be in agreement on a deal back in December that would have increased Cohen’s ownership share from 8% to 80% in exchange for $2.6 billion. However, the deal fell through as Cohen grew upset the Wilpons attempted to change the terms of the agreement at the last minute. The two sides have, obviously, patched up their differences.

As Sportico’s Scott Soshnick notes, the offers in the first round of bidding are non-binding. At any rate, given Cohen’s preliminary offer, the Wilpons are likely to collect quite the windfall. Fred Wilpon bought a 50% stake in the Mets for $81 million in 1980 and bought the other half in 2002 for $391 million.

Perhaps with different owners, the Mets could get back to being consistently competitive. Since 2012, the club has sat in the middle-third of the league (rank 11-20) or lower in terms of total payroll.

Doubleheader between Cardinals and Tigers postponed

Charles LeClaire-USA TODAY Sports
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A doubleheader between the St. Louis Cardinals and Detroit Tigers this week is being postponed to allow more time for additional COVID-19 testing.

MLB opted to postpone Thursday’s doubleheader to continue additional testing while players and staff are quarantined before the team returns to play. More details about the Cardinals’ resumption of play will be announced later this week.

The Cardinals had a series against Pittsburgh set to start on Monday postponed after a weekend series against the Cubs was scrapped due to three positive coronavirus tests.

St. Louis had two more players and a staff member test positive for the virus on Friday and have had eight positive players overall, including star catcher Yadier Molina.

There have now been 29 games postponed by Major League Baseball because of coronavirus concerns. The Cardinals have not played since July 30 and have had 15 games scrapped.

Miami and Philadelphia each had seven games postponed earlier and have returned to the field since the disruptions.

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