May 12, 2014, 4:14 PM EST
The New York Times reports that Saul Katz, who along with Fred Wilpon own around a 2/3 interest in the New York Mets, wants to sell his ownership stake.
The problem — if he sells his share, that likely deprives Fred Wilpon of his control of the team, because Wilpon doesn’t independently own 50%+ of the team. He runs it now in a partnership with Katz, who has always left baseball operations to Wilpon. If Katz were to structure the sale of his stake in such a way to prevent anyone else from having a share as large as Wilpn’s — say to separate buyers — he’d get way less than what the shares are actually worth given the lack of any team control offered to the buyers.
So, if Wilpon is to keep control of the team he’d have to buy out Katz himself, which is unlikely given the kinds of cashflow problems Wilpon has. Or I suppose he could try to get Katz to agree to take a fraction of what his large interest might go for in breaking it up among multiple buyers. For what it’s worth, Katz and Wilpon are brothers-in-law and business partners outside of the Mets, so I suppose anything is possible.
My guess: this is Katz making some noise and starting what may be a long process of getting out from under the Mets, not the harbinger of anything imminent given Wilpon’s desire to give the team to his son Jeff and given the logistical problems in place.
But, hey, if it allows Mets fans to at least begin to imagine what it’d be like for their team to be owned by people who actually have money to spend on this team I suppose it’s better than nothing.
Dec 26, 2014, 10:25 PM EST
The Braves’ one-year deal with catcher A.J. Pierzynski is for $2 million.
Dec 26, 2014, 9:20 PM EST
Rafael Furcal has suffered another injury, this time a torn hamstring which will keep him out of the Dominican Winter League playoffs.
Dec 26, 2014, 8:03 PM EST
If Wandy Rodriguez passes his physical, the Phillies are expected to sign him to a minor league deal.
Dec 26, 2014, 7:10 PM EST
Jeff Manship will begin the spring with the Indians after signing a minor league deal.
Dec 26, 2014, 6:05 PM EST
According to Peter Gammons, some GMs think the Giants will eventually trade for Ben Zobrist.
Dec 26, 2014, 3:49 PM EST
After seven years in the United States, Hiroki Kuroda is heading home.
Dec 26, 2014, 11:32 AM EST
Uggla hit .179 in 2013 and .149 this year.
Dec 26, 2014, 11:00 AM EST
And it’s all thanks to a man named George Mukhobe.
Dec 26, 2014, 10:30 AM EST
He threw 64 innings with a 3.96 ERA and 44/16 K/BB ratio for the Giants in 2014.
Dec 26, 2014, 9:35 AM EST
Remember, Red, hope is a good thing, maybe the best of things.
Dec 26, 2014, 7:32 AM EST
Actually, no, he probably wouldn’t have, Curt.
Dec 25, 2014, 3:05 PM EST
Japanese righty Chihiro Kaneko might have been one of the top starters on the open market this winter had he been posted by the Orix Buffaloes, his Nippon Professional Baseball team.
Dec 25, 2014, 1:23 PM EST
Your one-stop shop for all of the offseason signings.
Dec 25, 2014, 8:47 AM EST
And a very special friend of HBT
Dec 24, 2014, 10:00 PM EST
A good way to finish off our Christmas Eve coverage on HardballTalk …
Dec 24, 2014, 8:04 PM EST
The sought-after 26-year-old right-hander has now officially re-signed with the Hiroshima Carp for the 2015 season, according to the Japan Times.
Dec 24, 2014, 6:17 PM EST
Ben Badler of Baseball America reports that the Rockies have agreed to terms on a minor league contract with outfielder Roger Bernadina.
Dec 24, 2014, 4:21 PM EST
A toast to my big brother George: The richest man in town. Well, except for Mr. Potter. That guy is LOADED.
Dec 24, 2014, 2:00 PM EST
No, really. The news broke on line at a Honeybaked Ham store.
Dec 24, 2014, 1:00 PM EST
Based on these results, no, we will not stick to baseball. Because you clearly don’t want us to.
- Merry Christmas from HBT! 74
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year 86
- The Yankees are treating Alex Rodriguez differently than they treated Derek Jeter. So what? 40
- Braves sign setup man Jason Grilli to two-year contract 15
- My Imaginary Hall of Fame Ballot 120
- Phil Hughes signs a three-year extension with the Twins 27
- The Padres have talked to the Phillies about Cole Hamels 23
- Why is John Smoltz a shoo-in for the Hall of Fame? 63
- Curt Schilling goes after Obama, says Ronald Reagan would watch “The Interview” (225)
- My Imaginary Hall of Fame Ballot (120)
- Today’s specious anti-Mike Piazza-for-the-Hall-Fame argument (96)
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year (86)
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” (85)