Tag: Oliver Perez

Report: Mets Financial Troubles Mounting

Bernard Madoff's mugshot
Image via Wikipedia

The New York Post is reporting that the Wilpon family’s financial situation is so precarious that they cannot add payroll through trades. The report states that adding a front line starting pitcher is the least of their problems. Their debt load is so heavy and attendance is down so much this season that if the trend continues for a season or two, they may be forced to sell the team.

It was almost one year ago that I wrote about the Madoff mess causing talk of the Mets being forced to sell the team. Now those rumors are back. You never really know exactly what the financial situation of the team is. But it’s not a good sign when the rumors of trouble are consistent and persistent.

The key points of the NY Post article are:

  • The team has nearly $700 million in debt
  • The Mets are losing about $10 million/year including depreciation and interest payments on the debt
  • Attendance is down 19% from 2009 and down 35% from 2008
  • SNY is profitable but is leveraged to roughly six times it’s earnings before interest
  • The Wilpon family refinanced about $375 million in loans and kept $75 million for themselves

The article has a little bit of information about the family’s investments in commercial real estate which has been in a down market for three years now. It doesn’t help that the Mets’ fortunes have been down for three years now either. And it won’t be easy to recover. The article states that one of the debt covenants prevents the team from increasing payroll. Taking on Roy Oswalt or Cliff Lee would be great this month. But the Mets can’t expect the Astros or Mariners to take back equal or more salary.

We may be stuck with the pitching staff as it stands now. Maybe John Maine or Oliver Perez will come back and start doing what seems unlikely to most of us. If not, we could be speculating on who will be buying the Mets in a couple of years. Hopefully, it won’t get to the point that the Rangers have this season.

Thanks to MLBTradeRumors for the link.

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Worst Mets Contracts Ever and Oliver Perez

New York Mets starting pitcher Oliver Perez reacts after being pulled from the game in the fourth inning against the San Francisco Giants at Citi Field in New York City on May 9, 2010. UPI/John Angelillo Photo via Newscom

http://view.picapp.com//JavaScripts/OTIjs.jsIf the Mets weren’t getting renaissance pitching from R.A. Dickey and Hisanori Takahashi (can’t believe I’m typing this), this season would not be as exciting as it has been. In the offseason, much of the skepticism about the 2010 Mets was directed at their pitching staff. Would Mike Pelfrey become a solid number two? How would John Maine bounce back from injury? Will Oliver Perez ever live up to his potential and his contract? We now know that only one of those starters has a future in New York.

With that said, where does Oliver’s hefty contract rank among the worst signings in Mets history? Oliver was traded as a throw in from the Pirates in ’06 when Duaner Sanchez, a dominant setup man at the time, went down for the season. After watching Perez pitch game 7 of the NLCS, we all saw the trade as a steal. We received a young lefty with the ability to dominate when he maintained  his control. Losing Xavier Nady’s bat wasn’t easy, but Perez was more than needed come playoff time. From 2007-2008 Ollie was as unpredictable as any starter in Mets history. Nonetheless, The Mets inked him to a 3-year $36 million dollar contract on the second of February 2009. Since that signing, Oliver Perez has been a nightmare. He posted a 3-4 record last year with a 6.82 ERA, and this year he has somehow managed to do worse going 0-3 with his ERA again over 6. If that wasn’t enough, Ollie has refused assignment to Triple-A and ticked off his teammates and manager. The team had no choice but to shed the dead weight by putting Perez on the DL with what could very well be a phantom injury. With the Mets playing so well, it seems like a great time to laugh at some of the signing blunders of years past. With Ike Davis launching homeruns to the Shea Bridge and David Wright raking in RBIs nightly, we are all ready to believe again. So let’s look back at the players who tested our patience and had us launching TV remote controls across the living room. Continue reading “Worst Mets Contracts Ever and Oliver Perez”

Carlos Beltran and Oliver Perez – Same Injury, Same Agent

Jun. 08, 2010 - Washington, DC, UNITED STATES OF AMERICA - epa02192870 Sports agent Scott Boras chats on the phone prior to his client Washington Nationals' pitching phenom Stephen Strasburg making his Major League Baseball debut against the Pittsburgh Pirates at Nationals Park, in Washington, DC, USA, 08 June 2010. Boras helped Strasburg sign a record 15 million US dollar contract as the Nationals' top draft choice a year ago, and Boras is also the agent for the Nationals' top choice this year, 17-year-old Bryce Harper.

http://view.picapp.com//JavaScripts/OTIjs.jsOne of the comments on my last post inspired me to write this one so keep the comments coming:

Carlos Beltran and Oliver Perez share the same agent and have the same injuries. Here are some interesting facts:

Back in 2000, injuries limited Carlos to only 98 games while with the Kansas City Royals and he lost the starting centerfield job to Johnny Damon, another Scott Boras client. Yes, you guessed it! The injury was a “bruised knee”. In July of that year Carlos refused a rehab assignment in Florida on the advice of Scott Boras. Kansas City management then suspended Carlos for almost a month and when he came back he ended up rehabbing in the minors anyway.

I know this was 10 years ago and should be ancient history but is it?

Back then Carlos’ desire to play for the Royals was questioned by teammates and management alike. These same questions could now be asked again of Beltran and of Perez.

Fast forward to 2009 where Boras has advised Beltran to have surgery on the same knee without consulting the Mets and now another of his clients, Perez, is also out with a similar mysterious right knee injury. Continue reading “Carlos Beltran and Oliver Perez – Same Injury, Same Agent”

Is This The Last We’ve Seen of Oliver Perez?

MLB: Giants vs Mets MAY 09

As MLB starts an investigation into the “injury” of Oliver Perez that comes at a most convenient time, I talked with an equal number of Mets and Yankee fans about what pitcher has been the most damaging to their respective team.

Carl Pavano of the Yankees, who supposedly has an MRI machine named after him in the Yankees clubhouse, or Oliver Perez of the Mets who famously broke his toe kicking a cart after a loss that landed him on the DL for two months while playing for the Pirates.

Why did this topic come up?

Interestingly enough, the Twins are in town between June 25th and 27th. This is Carl Pavano’s current team. Oliver Perez will be off the disabled list just in time for this series and, in theory, we could see a Perez/Pavano matchup. What would we call it? Continue reading “Is This The Last We’ve Seen of Oliver Perez?”

Mets Oliver Perez on Disabled List, MLB Investigating

NEW YORK - JUNE 29: Starting pitcher Oliver P...
Image by Getty Images via @daylife

For the second season in a row, the Mets placed under-performing pitcher Oliver Perez on the disabled list with a convenient knee injury. They’ve been trying to convince Perez to accept an assignment to the minors to work out his problems, but he has refused so far. According to reports, Perez complained on Friday of pain in his right knee, the same one that was scoped last season.

An MRI found tendinitis and Perez was placed on the disabled list. This revelation of a knee injury couldn’t have come at a more convenient time for the Mets with Jon Niese pitching today and needing a roster spot. Apparently, the timing is so convenient that MLB is investigating Perez’ medical records according to the Daily News.

It wouldn’t surprise me if the Mets sent Perez for one of those full body scans that you hear advertised on the radio to find any possible problem that would land him on the DL.

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Mets’ Oliver Perez Not Going Anywhere

NEW YORK - SEPTEMBER 28: Starting pitcher #46...
Image by Getty Images via @daylife

The continuing Oliver Perez saga has taken a few turns but the result has been the same. Perez isn’t accepting a demotion to the minors. He isn’t going to Florida to see a sports psychologist and he wants to know who the anonymous teammates are that told the media that he should go.

He told Fanhouse that he’s staying to work through his problems with Dan Warthen and Randy Niemann. He has to start prepping himself to pitch in New York again and that could get really ugly. There’s been a lot of talk about booing home players over the past couple of years. This one could be off the charts though.

Check out what Perez had to say when asked about the teammates that told the media that he should go.

Audio- Oliver Perez

The fans and the media are calling loudly for him to go including the Times drawing a comparison to Dontrelle Willis and the Daily News as well. But none of that could compare to the barrage of boo’s he’ll get the next time he pitches at Citi Field.

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