Mar 19, 2012, 9:28 AM EDT
UPDATE: Richard Sandomir reports that the settlement is for $162 million.
This is still a hefty chunk of change, but it is less than the liability they faced. And, more importantly, it brings certainty to what has been an uncertain liability hanging over the team’s head for a couple of years now.
9:27 AM: The trial involving the Mets owners and the bankruptcy trustee in the Bernie Madoff mess was to begin this morning. Minutes ago, however, it was announced that the parties have reached a settlement.
This was not expected. And at the moment we have no details. We’ll update as soon as we learn some.
Instant reaction, though: My guess is the Wilpons and Saul Katz don’t settle unless it allows them enough financial comfort to keep control of their most treasured asset, the New York Mets.
- Settling the Score: Friday’s results 11
- Tony Cingrani hits Bryce Harper in the back with a pitch, then complains he was too slow getting to first base 99
- Video: Josh Hamilton hits his first home run of the season 15
- Rockies starter Chad Bettis loses his no-hitter in the eighth inning 2
- Stephen Strasburg exits start in the second inning with an apparent injury 5
- More than half of polled baseball fans prefer having the pitcher hit 73
- The Marlins aren’t happy with the Dan Jennings hire 47
- Andrew McCutchen is doing just fine now, thank you 20
- Tony Cingrani hits Bryce Harper in the back with a pitch, then complains he was too slow getting to first base (103)
- The Big Unit: Wide Angle Watcher (90)
- And That Happened: Wednesday’s scores and highlights (89)
- Chipper Jones will fight you if you insult his “girl” (84)
- Alex Rodriguez is the all-time AL RBI champion. Sorta. (76)