May 23, 2011, 8:45 AM EDT
If you have the time — and if you don’t, I suggest you make the time — go read this profile of Fred Wilpon in The New Yorker. It’s easily the most in-depth thing I’ve ever read about him, his life, his ownership of the Mets and — of course — his dealings with Bernie Madoff.
My biggest overall takeaway: Wilpon seems like a very nice and thoughtful man who truly loves baseball, and the story of his journey form Bensonhurst to the top of the real estate and sports world is impressive. You can see why Bud Selig — who also fits that description, minus the Bensonhurst — is far more willing to work with Wilpon and help see him through his ownership issues than, say, Frank McCourt who is off-putting in just about every way imaginable. You can also see that, if it ever comes to that, Wilpon will probably do very well with a jury, even if he certainly has to hope it never comes to that and if the author of the story, Jeffrey Toobin, believes that a settlement of the case is inevitable.
None of this really changes the basic situation with Madoff and the lawsuit — that’s a story about numbers and risk-management, and what someone in Wilpon’s shoes should have known and when, not a story about personalities — but the story certainly does put a human face on a situation that is so complex that it is often rendered in the most cartoonish terms.
On the baseball side, the biggest takeaway is probably going to be what he said about Jose Reyes, David Wright and Carlos Beltran. Of Reyes: “He thinks he’s going to get Carl Crawford money … he won’t get it.” Wright: “A really good kid. A very good player. Not a superstar.” Also, when a supposed “Mets curse” was mentioned, Wilpon pantomimed Carlos Beltran not swinging at the famous Adam Wainwright curveball that ended the 2006 NLCS and he called himself a “schmuck” for giving Beltran his $119 million deal.
Of the Mets overall, Wilpon said “we’re snakebitten, baby” and referred to them as “a shitty team.” You can understand where the “let’s kill our best players” mentality and the self-loathing that surrounds the Mets comes from.
Oh, and this paragraph, which has little to do with Wilpon’s overall story, is nonetheless a key insight into the baseball ownership business:
He and his partners bought the Mets just before the real-estate market began a sustained boom. And he didn’t anticipate that owning the Mets would boost his seemingly unrelated business interests. “No one had heard of us before we bought the Mets, and afterward the change was dramatic,” Wilpon told me. “I don’t think someone has not returned one of my telephone calls in thirty years. It’s a small club, owning a baseball team, and people want to be near it.” As Katz told me, “You take the chairman of the board of a bank, with his grandson, on the field to meet David Wright, and make that grandfather a hero, and you do business the way we do business, it opens up everything.”
The business of baseball ain’t all about tickets sold.
Anyway: clip and save this story and read the whole thing when you get the time.
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