Category: Management

Mets Madoff Lawsuit Links

NEW YORK - NOVEMBER 13: A Bernard Madoff New ...
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There’s been so much news about the lawsuit against Sterling by the Madoff trustee this week. Everyone is speculating on the impact it will have on the Mets. Some writers believe this will result in the Wilpons and Katz being forced to sell the team entirely. Others believe that a $300+ million lawsuit is something that Sterling Equities can handle even if they lose.

I put together a good list of links to articles about the Madoff lawsuit to summarize this week’s coverage of the story.

Daily News (Lupica) – The Mets don’t really want to sell any part of the team

NY Times – The Madoff investment wasn’t the Mets owner’s first Ponzi scheme investment

NY Times – What’s in the Mets investment for a minority owner?

Forbes – SNY debt will hurt the sale of the Mets

Daily News (Lupica) – Madoff trustee is trying to smear the Wilpons’ good name

Beyond the Box Score – Comparing the Mets to the early 90’s Royals situation

Forbes – Mets current value is -$225 million

NY Times – Wilpons’ ownership of the Mets is threatened

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Wilpons To Sell Stake In Mets

Bernard Madoff's mugshot
Image via Wikipedia

Fred and Jeff Wilpon held a conference call with reporters to announce that they’re exploring the potential of selling about 20-25% of the Mets. At last year’s Forbes valuation, that means that they’re looking to raise about $200 million.

The genesis of this action is that the Wilpons are being sued by the trustee for the Madoff victims. Some reports say that the lawsuit against the Wilpons could be for as much as $1 billion.

In October, Fred Wilpon defiantly told reporters that the Madoff situation had no impact on the Mets. In December, the trustee sued the Wilpons. Now we find out that the Madoff problem does affect the Mets. Clearly, the Wilpons didn’t understand what they were up against and they probably still don’t.

I’m sure that this isn’t the last we’ve heard of the Madoff issue. With the Mets expected to have a down season, I’ll be watching to see how quickly the Mets start trying to dump salary this year. If it’s too early, that may be an indication that the Wilpons can’t afford this team anymore.

Listen to the press conference below. You can hear Fred literally choking on his own words as he talks about his financial problems that have led him to this point.

ESPN Audio

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Mets Alderson Emails Update on Player Acquisitions

NEW YORK - NOVEMBER 23: Fred Wilpon, General M...
Image by Getty Images via @daylife

From Sandy Alderson to the Mets email list:

January 7, 2011

Dear Mets Fans:

Happy New Year! I hope everyone enjoyed their holiday.

With Spring Training just six weeks away, I wanted to update you on our preparation for the 2011 season.

Yesterday, we wrapped up two days of meetings in Port St. Lucie where we went over organizational philosophy and how to implement it throughout the major and minor leagues. It was also the first opportunity for Terry Collins and his staff to sit down and discuss the mechanics of Spring Training and determine how they will emphasize fundamentals, mental and physical preparation and hard work. As Terry has said, the driving force will be playing the game the right way, which will lead to more wins.

Over the past two months, we have followed our plan of filling out our roster with reasonably priced players who have significant upside potential. As I have said before, our payroll – which will be among the highest in baseball – gives us limited flexibility, but we do have money to spend. We have acquired players who we think can thrive at Citi Field and complement our existing group of players.

As you likely know, earlier this week we signed pitchers Chris Capuano and Taylor Buchholz. Chris is a former All-Star and 18-game winner who last year came back from his second Tommy John surgery. We are confident he has the ability to re-establish himself as a dependable starter who can excel in our ballpark. Taylor has fully recovered from elbow surgery and has the potential to be a solid arm out of the bullpen.

Every year players come out of nowhere to become success stories. Look no further than R.A. Dickey. He signed a minor-league deal last January, became a fixture in the starting rotation in May, and finished the season with 11 victories and a 2.84 ERA. I believe some of our offseason acquisitions can be this year’s version of R.A.

We are excited about 2011. We have a solid core group of players who we expect will make significant contributions to making the Mets a success. As we have said all along, we will put ourselves in the best position possible to succeed both in the short and long term.

There will be an exciting brand of baseball played at Citi Field this year that matches the passion and intensity that you have for the team.

Thank you for your continued support and I look forward to seeing you at the ballpark.

Sincerely,

Sandy AldersonSandy Alderson
General Manager

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Mets Plan for 2011–Fan Reactions

NEW YORK - OCTOBER 29: Sandy Alderson answers...

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I’ve been surprised to hear how many fans are very dissatisfied with the Mets this offseason. The Mets brought in Sandy Alderson, J.P. Ricciardi, Paul DePodesta to run the front office and develop a plan. But not much has happened since then while other teams are spending on big names like Jayson Werth, Cliff Lee, and Carl Crawford. That’s led to a lot of dissension among fans that I’ve talked to and heard from on Facebook and Twitter.

My take has been that the Mets knew for at least three years that this day would come. This is a day in which several long-term, big money contracts are coming due at the same time. Typically, that’s the making of an ugly situation which is exactly what’s happening to the Mets for next season. The confluence of the final season of contracts for Carlos Beltran, Oliver Perez, Luis Castillo, and K-Rod is the making of a difficult season. There just isn’t the financial flexibility or players with value to be able to do anything with. We’re going to have to ride out 2011 and just hope for the best. By “best”, I mean another .500 season and maybe dump some salary in July for prospects with potential.

Continue reading “Mets Plan for 2011–Fan Reactions”

Brad Emaus – No Moneyball in Flushing?

CLEARWATER, FL - FEBRUARY 26: Infielder Randy...
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The new Mets front office has taken the time to explain that “Moneyball” is not a game they will be playing in Queens. Paul Depodesta and J.P. Ricciardi have even criticized Michael Lewis for his characterization of their personas. I’m sure I wouldn’t appreciate being called a nerd either. Sandy Alderson, in a recent quote, told the press he would not have come to Queens if he had to instill the tactics used in Oakland.

Although I do believe the Ivy League squad running the Mets, one of the few moves made this winter seems like a chapter directly from the book. Kevin Youkilis, a key figure in the “Moneyball”, was a prime example because of his ability to walk and not strikeout. He was unappealing to most scouts because of his lack of “tools”.  Billy Beane perceived “tools” a less tangible marker for a successful big leaguer. He was called fat and a bad fielder and was unnoticed through most of baseball. Nevertheless, Youk was a star in Paul Depodesta’s computer. He was a break from what a time honored scout would particularly look for.

This brings me to the Rule 5 draft. The resemblance to the the Moneyball school of thought was undeniable. J.P. Ricciardi’s familiarity with a prospect in Toronto led Sandy to scoop up Brad Emaus. Emaus has nothing flashy or exciting in his bag of tricks. He is not the “toolsy” raw talent that scouts drool over. He was brought aboard, not surprisingly,  because of his ability to draw walks and not strike out. Pitch selection and on base percentage have brought him to the Mets roster.

I don’t believe the trio will be pinching pennies in years when the funds are more available. Emaus however, is an early indicator that the new regime has an idea about picking out under appreciated talent. Emaus will be the first in a list of benchmarks to judge if they can still scoop these under the radar contributors. At the very least it makes for interesting debate.

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Mets have Bigger Problems than Cliff Lee

May 28, 2010- Milwaukee, WI. Miller Park..New York Mets starting pitcher Johan Santana pitched for 8 scoreless inning giving up 3 hits and striking out 5 Brewers batters..Milwaukee Brewers won over the New York Mets 2-0, taking the first game of the 3 game series against the Mets...Mike McGinnis / CSM.

http://view.picapp.com//JavaScripts/OTIjs.jsThe Mets front office has their work cut out for them. With the announcement of the Phillies signing of Cliff Lee, Mets fans everywhere cringed at the possibility of another World Series Championship to a division rival. Now the best team in the division just got a whole lot better. The Phillies will start the year with a rotation of Roy Halladay, Cliff Lee, Roy Oswalt, and Cole Hamels. This is the best rotation in MLB right now.

This is painful for Mets fans. The front office has simply conceded that this year and maybe next, will be a wash. They are wasting the prime of David Wright, Jose Reyes, and Johan Santana. They are also wasting the end of the career of Jason Bay. They are tricking themselves into believing that Daniel Murphy will be a good fielder and that they will be able to spend money in the next two years for free agents.

With the Mets on the decline, I really hope that someone is taking a close look at their financial future. They have money tied up in players next year for over $120 million dollars. In 2012, they already have over $60 million dollars allocated to players but this does not include the impending signings of Ike Davis, Angel Pagan, R.A. Dicky, Jose Reyes, Mike Pelfrey, Jon Niese, Bobby Parnell, or Josh Thole. While I do not think they will sign all of those players in 2012, the signings of even half of those players might push the 2012 dollars over $100 million and it still would not include any big free agent signings. Continue reading “Mets have Bigger Problems than Cliff Lee”

Mets To Announce 2011 Coaches This Week

New York Mets coach Chip Hale talks to Angel Pagan (16) at the end of the fourth inning against the Philadelphia Phillies at Citi Field in New York City on May 27, 2010. UPI/John Angelillo Photo via Newscom

http://view.picapp.com//JavaScripts/OTIjs.jsIf you take a look at the Mets website coaches page, it’s pretty empty right now except for Terry Collins and bullpen catcher Dave Racaniello. That should change drastically this week. It has been widely reported that Sandy Alderson and Collins will name the rest of the coaching staff.

Expect Dan Warthen to return as pitching coach and Chip Hale to return at third base. Other than that, it’ll be a new group coaching the Mets next season. Here’s what the staff will likely look like:

Manager: Collins

Bench coach: Ken Oberkfell will be promoted from managing at Triple-A Buffalo

Third base: Hale will return

First base: Mookie Wilson after Moises Alou turned down the job

Pitching coach: Warthen will also return

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