May 12, 2014, 4:14 PM EDT
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.
Jul 30, 2014, 9:46 AM EDT
In which we as whether a certain hairstyle can be more painful than a large tattoo.
Jul 30, 2014, 9:15 AM EDT
Will any GM in need of a bat take notice?
Jul 30, 2014, 8:55 AM EDT
A cliche even more prevalent and ridiculous than the old “If The Boss Was Still Alive” cliche.
Jul 30, 2014, 8:23 AM EDT
It was a long game, but it had a good ending.
Jul 30, 2014, 7:24 AM EDT
The Yankees and Rangers gave us a retro night in Arlington.
Jul 29, 2014, 11:17 PM EDT
Bill Shaikin of the Los Angeles Times passes along the fantastic news that Vin Scully will return to the Dodgers’ broadcast booth for the 2015 season. It will be his 65th season calling Dodgers baseball.
Jul 29, 2014, 10:50 PM EDT
Yahoo Sports’ Jeff Passan wrote Tuesday afternoon that “sentiment among competing executives is unanimous” that the Red Sox will trade left-hander Jon Lester before Thursday’s July 31 deadline. And this news will only add to that thought.
Jul 29, 2014, 10:21 PM EDT
Watch as White Sox first baseman Jose Abreu slugs a two-run seventh-inning shot off new Tigers reliever Joakim Soria on Tuesday night at Comerica Park in Detroit …
Jul 29, 2014, 9:34 PM EDT
CBS Sports’ Jon Heyman heard from a Rays-connected source Tuesday that the Rays are “talking and willing” to trade ace left-hander David Price and the Cardinals and Dodgers are known to have interest.
Jul 29, 2014, 8:41 PM EDT
The Cubs made the curious decision to option reliever Neil Ramirez to Triple-A Iowa on Saturday despite his 0.96 ERA in 28 innings, but that option has now been voided and Ramirez has been transferred to the 15-day major league disabled list with a sore triceps.
Jul 29, 2014, 7:58 PM EDT
MLB.com’s Bryan Hoch reports that right-hander Michael Pineda threw a successful simulated game on Tuesday afternoon in front of manager Joe Girardi and has been cleared to begin a minor league rehab assignment later this week.
Jul 29, 2014, 7:03 PM EDT
FOX Sports’ Jon Morosi reported Monday that the Phillies have made ace left-hander Cole Hamels available ahead of Thursday’s July 31 trade deadline, but the asking price on him is apparently sky-high.
Jul 29, 2014, 6:20 PM EDT
Padres shortstop Everth Cabrera is back with the Padres for Tuesday’s series-opener against the Cardinals after missing nearly four weeks with a left hamstring strain.
Jul 29, 2014, 5:31 PM EDT
No ballplayer wants to fly to Birmingham, Alabama during the season for a very, very good reason.
Jul 29, 2014, 5:17 PM EDT
A strained neck put Justin Morneau’s comeback season on hold, but the Rockies have activated the first baseman from the disabled list for tonight’s game against the Cubs.
Jul 29, 2014, 4:58 PM EDT
And Bud Selig’s years-long effort to manage a quiet resolution of it is apparently a failure.
Jul 29, 2014, 4:46 PM EDT
Maybe this happens all the time and we just don’t hear about it, but Red Sox manager John Farrell admitted just now that the team has Brandon Workman lined up to start Wednesday’s game in case scheduled starter Jon Lester is traded before then.
Jul 29, 2014, 4:22 PM EDT
In what could throw a wrench into the Phillies’ plans to trade Marlon Byrd before Thursday’s deadline, the 36-year-old outfielder is out of tonight’s lineup after fouling a ball off his foot yesterday.
Jul 29, 2014, 3:54 PM EDT
A big named ace is likely to change uniforms this week.
Jul 29, 2014, 2:30 PM EDT
But . . . I was told Wahoo outrage was nothing but liberal white guilt . . .
- And That Happened: Tuesday’s scores and highlights 32
- Dodgers announce Vin Scully will return for 2015 season 43
- Jon Lester scratched Wednesday amid trade speculation 37
- Rays are “talking and willing” to trade ace lefty David Price; Cardinals and Dodgers interested 36
- Phillies wanted Joc Pederson, Corey Seager, and Julio Urias from Dodgers for Cole Hamels 84
- Matt Cain is going to pay a visit to Dr. Andrews 8
- The Nationals and Orioles dispute over TV money is about to explode 89
- The Red Sox are expected to deal Jon Lester and the Pirates are a “dark horse” 36
- Expert’s Corner: How to troll fans of all 30 teams (201)
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (190)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (165)
- Must-click link: sexual depravity — and possibly rape — in the minor leagues (104)
- Ray Rice is awful, but let’s not pretend baseball has a great record on domestic violence (91)