The Madoff/Wilpon Mess: A Simple Guide

Maybe you're wondering: why do I need to follow the lawsuit by Irving Picard, trustee for Bernie Madoff victims, against Fred Wilpon and his business partners, who own the New York Mets? Regardless of the outcome, will Luis Castillo hit any better? Will Oliver Perez pitch any better? Will Johan Santana heal any better?

The answer to all three questions is, sadly, no. But the ramifications of the suit, unsealed last Friday, will impact the way the Mets are run for years to come, whether Fred Wilpon is forced to take on a minority owner, sell the entire team, or spend the upcoming months (and possibly years) in litigation.

The Mets' ownership group is being sued for $300MM in fictitious profits, along with another $700MM in damages, for their connection to the Ponzi scheme operated by Bernie Madoff. The impact on the franchise is likely to be immense. Here's what you need to know about the current circumstances:

  • Fred and Jeff Wilpon said late last month that they would sell 20-25% of the team to guard against any potential Madoff settlement. Since then, settlement talks have broken down, leading to the unsealing of the lawsuit last week.
  • Picard is seeking $300MM in fictitious profits from Wilpon and his business partners. In addition, Picard seeks an unspecificied amount beyond that (the New York Times reports it "could reach beyond $1 billion") alleging that Wilpon should have known or suspected Madoff's scheme. 
  • The standard by which Picard arrived at the $300MM is pretty common in these cases- fictitious profits are distributed to those who lost money in Ponzi schemes, scams where new backers are consistently recruited to pay off old investors. For the Wilpons to incur losses above $300MM, Picard's standard will be to prove that a "reasonable man" would have suspected something was amiss regarding Madoff's scheme, and alleges numerous instances of the Fred Wilpon and his partner/brother-in-law Saul Katz receiving warnings from both business partners and Katz's own son.
  • It isn't clear how Wilpon would raise anything approaching even the initial $300MM from a minority sale of the Mets. Forbes valued the team at $845MM in April 2010, but Wilpon has borrowed heavily against the team. Forbes reported this week that the combined book value of the Mets and Citi Field, including debt, is negative $225MM, though Adam Rubin of ESPN New York has cast doubt on that figure. That was before the Mets were named specifically in Picard's suit, giving the team even more potential liability.
  • Even if someone would pay a premium to own the Mets outright, it is far less clear that someone will pay that same premium for a minority stake and no authority. In other words, a 25 percent stake in the Mets is worth $211.25MM as per April 2010, absent any of the debt or other mitigating factors, and assuming that a 25 percent stake (minority) is actually worth one quarter of 100 percent stake (majority). (It isn't.) Obviously, with all the mitigating factors, 25 percent of the Mets isn't worth close to $211.25MM – which is, itself, far less than the $300MM Picard is likeliest to recover.
  • SNY is enormously profitable, and would earn a decent amount in a straight sale. However, Wilpon and his partners have borrowed against SNY as well, diluting the value. And far more ominously, the New York Post reported this week that any proceeds from a sale of SNY would be distributed to those lenders. In other words, when Jeff Wilpon described SNY as wholly separate from any sale of the Mets last Friday, he may not have been making a choice.
  • At the end of the day, no one knows what the maximum amount of money Fred Wilpon and his partners can raise without selling a majority stake in the New York Mets. But there is a number, X, and as long as Picard's settlement would be higher than X, Wilpon will face the choice between fighting in court and losing his team.
  • It may well be that there is a certain amount of money Wilpon needs to raise to avoid bankruptcy, even including a full sale of the team. If we call that Y, and Picard's settlement would be higher than Y, Wilpon has even greater reason to fight this in court, hoping a judge sees things his way.
  • Either way, the longer Wilpon doesn't settle, the likelier it is that one of these two scenarios has come to pass. The results would be disastrous for the New York Mets. With cases such as these often taking a year or more, Mets ownership could be in the midst of this battle next November, just as Albert Pujols and Jose Reyes are scheduled to hit free agency.


94 Responses to The Madoff/Wilpon Mess: A Simple Guide Leave a Reply

  1. The_Silver_Stacker 4 years ago

    It’s hard to picture a Post-Wilpon runs Mets.

    • Infield Fly 4 years ago

      If that’s hard for you buddy, you’re not trying hard enough. I dream of it on a daily basis!!!

      • I share your current nightmares, and dream as well about a WILPON FREE NY MET franchise, with a new owner who’s number one priority is winning percentage and not maximum profits percentage.

    • Its hard to picture an above .500 Mets

  2. bjsguess 4 years ago

    Very nice write-up of a complicated situation.

  3. disgustedcubfan 4 years ago

    This is a good time for the Twins to offer some prospects to the Mets for Reyes and his contract.

  4. Hurry call M. Cuban. I bet he would buy the team.

    • myname_989 4 years ago

      There was actually a mention of him the other day. He won’t buy the team unless he gets the majority stake. At this point… That seems realistic, but it wasn’t about a week ago.

    • Muggi 4 years ago

      Yep if it goes to a majority stake for sale he’ll be in it for sure…but it’s doubtful the other owners would allow it. MLB has about the best old-boy’s club amongst ownership possible…if the other owners don’t like you, take your money and go home. They can veto any new owner.

  5. Ian Cohen 4 years ago

    The sale of the New York Mets is inevitable. I wish it would be sooner rather than later, but this will probably take a long while to play out.

  6. Thanks for breaking things down a bit for us Howard. I admittedly wasn’t a little sure how to decipher the whole situation, not having an understanding of the legal system and their lingo.

  7. East Coast Bias 4 years ago

    This is exactly what most of us needed. Thanks!

  8. Jeff Weissbuch 4 years ago

    This could also make signing draft picks harder too, so this could hurt the Mets for years to come.

    • barroomhero 4 years ago

      Disaster may be a better term. Yikes.

    • I am Urban Legend 4 years ago

      half of their top prospects were signed for the cost of 2001 used Honda Civic..

  9. hawkny1 4 years ago

    For Mets fans who, like myself, are of the opinion that the Mets need to be overhauled from ownership, through the front office, onto the playing field, there is light at the end of the tunnel. Clearly the Wilpons have used the finances of the organization as a cash cow for a variety of reasons other than baseball and/or improving the performance of the Mets on the field. Sandy Alderson, etal., may perhaps provide some clubhouse solutions, only time will tell. There will however be a dark cloud hanging over Citi Field and Queens for the remainder of the time the Wilpons are accociated with the team. Thus, for the sake of Mets fans everywhere the sooner someone with $$$ steps up to buy out the club from its current owners the better.

    • Infield Fly 4 years ago

      Absolutely! To be honest I’ve been dreaming of the Wilpons selling since at least 2008 – probably earlier (Jeffy-boy’s constant meddling being one major reason). All the while, the Wilpons have always professed a deep love for the team (Fred Wilpon called himself the number one Mets fan last spring”). Now that they’re in the position to screw their team good for years on end because of this mess, let’s see how deep that love goes….and if they love the team, enough to SET THEM FREE!!!

  10. Chuck345 4 years ago

    And just when you thought the Met’s off-season couldn’t get any worse…

  11. hawkny1 4 years ago

    hawkny1 0 minutes ago

    For Mets fans who, like myself, are of the opinion that the Mets need to be overhauled from ownership, through the front office, onto the playing field, there is light at the end of the tunnel. Clearly the Wilpons have used the finances of the organization as a cash cow for a variety of reasons other than baseball and/or improving the performance of the Mets on the field. Sandy Alderson, etal., may perhaps provide some clubhouse solutions, only time will tell. There will however be a dark cloud hanging over Citi Field and Queens for the remainder of the time the Wilpons are associated with the team. Therefore, for the sake of Mets fans everywhere in particular, and MLB baseball in general, the sooner someone with $$$ steps up to buy out the club from its current ownership the better.

  12. Blue387 4 years ago

    Could the Wilpons declare bankruptcy?

    • Bob George 4 years ago

      They could, but the NY Times says they are $1.5 billion in debt BEFORE the Madoff lawsuit, figuring in SNY. They’d still have to sell the team, even if they declared bankruptcy, and anything they got from selling off the team would go to pay off lenders.

      Unless they get a sympathetic judge, they’re going to lose the team, period. It’s important to understand that even without the Madoff lawsuit, they have run the team into the ground financially. I’d encourage everyone to go read the NY Times article that describes how Wilpon and Katz were in big money troubles the moment Madoff was arrested – Madoff was their source of funding for daily operations of the team. It’s insane.

      • YaGottaBelieve11 4 years ago

        Could you give us the title of this article? Believe it or not a google search of “ny times wilpon madoff” yields an awful lot of results

  13. timmytwoshoezzz 4 years ago

    If the first question is not a “yes” or “no” question, how can the answer to all three be “no”?

    • DCCorey 4 years ago

      Ummm, there are four questions – He asks “Why do I need to follow the lawsuit?” Will following it:
      Make Luis Castillo hit any better?
      Make Oliver Perez pitch any better?
      Make Johan Santana heal any better (or faster)?

      The answer to those three (“3″) questions, regardless of whether you pay attention to the lawsuit, is no.

      Then he goes on to explain why the lawsuit is still important for the short and long term, regardless of any perception of a lack of immediate on-field consequences.

      /Explained.

      • East Coast Bias 4 years ago

        Thanks for explaining what his post meant. I had no idea which questions he was talking about..

  14. Make it so. Engage.

  15. BJ Fledgling 4 years ago

    Coincidence? J.P. Ricciardi was hired by the Blue Jays to cut their payroll down.

    • Lunchbox45 4 years ago

      He was hired to cut down payroll by offering outlandish undeserving long term contracts?

    • Smrtbusnisman04 4 years ago

      J.P. Ricciardi is gonna be in charge of scouting and player development, not the team’s finances.

  16. gunsnascar 4 years ago

    God what a mess.
    The mets and citi field need to be sold asafp.
    The new owners then need to clean house and start from scratch, emphasizing the development and drafting true talent to a entire new front office and the on the field players.
    Fire sale from now on until they completely liquidate their payroll pay what you have to to sell them super stars and get true major league ready talent if possible in return mid leval prospects or what ever they can get and rebuild around.

    AND

    the pirates may or may not be in a better situation than the mets but the pirates ownership is not going to be run outta baseball for shady dealings
    and this you cant deny the royals have a better franchise than the mets now, and they are a small market team.

    • bjsguess 4 years ago

      This problem won’t be solved by reducing payroll. The issues outlined above go far beyond slashing $50m from the books in 2011. That would be a drop in the virtual bucket.

      It would be very interesting though to see what Wright + Santana + Reyes would net you. I’m guessing a ton for Wright, not much for Johan, and a pretty good haul for Reyes (assuming he plays well). That would be a start. Beltran comes off the books after the season wraps up. Bay would remain your one bad contract and if he bounces back it may be possible to move him without having to eat a ton of cash.

      • East Coast Bias 4 years ago

        Ugh… it hurts to see the Mets function as a small market team.

  17. Curious still how this affects this year or next year’s Mets. If the Wilpons need 1 billion (LOL) then they are going to sell. No one on earth could just come up with a Billion without selling their most profitable assets. If they just need 300M (that’s all again LOL) then what exactly would taking the payroll from 140 to 100M do? Give them an extra 40M when they need 300M? The payroll this off-season is the highest it’s ever been, it will be lower by default next year. That does not mean talent will decrease unless you call Castillo and Perez talent. I see no reason the Mets can’t be competitive and much better than this year with just a 115-120M payroll. But, but no they will slash more than that. Sure that’s what they want to do, make the Mets product worth even less in case they do have to sell. Again until I see it impact the actual decisions made, it really does not matter to me.

    • It’s a slippery slope, a very slippery slope. For probably over a year I’ve used the late 90s Orioles analogy – attendance and payroll were both VERY high after the new stadium was built. However, as performance decreased, attendance decreased, then payroll decreased. Attendance decreased more, followed by payroll, and back and forth back and forth. Now they’re perennially one of the worst teams in the league.

      It’s easy to say and believe that a $115M 2012 Mets team can be competitive, but a large number of fans will be pissed that payroll was significantly dropped and will believe that money is more important to the Wilpons than wins. They’ll stop attending games and overall attendance will drop (unless the $115M team wins), then payroll may have to drop again. Do you see where this is going? It’s a slippery slope to significantly drop a team’s payroll.

      • Additionally, to say that dropping the payroll doesn’t affect the team in 2012 doesn’t make sense to me.

        If a $120M Mets team is competitive (I’ll let you have that one), then wouldn’t spending an additional $10-20M on a top notch bench and/or bullpen make that competitive team even better? So that’s the difference.

        • Not necessarily. Again money does not always buy wins especially if not spent correctly. It can also impact the future depending on how many years that “help” demands and how much more significant that help is in relation to what they have.

          If Fielder comes up, would he make the Mets better? Yeah. Should they then trade Ike and raise payroll to get Fielder or would they be better off keeping the much cheaper Ike and using some of that money on something else?

          If Niese does well but there is a SP that is better should they trade Niese and then sign the new SP to a 5 year big money deal?

          Again to me it’s about value in the right spots, not payroll. 145M has done the Mets nothing. They would have won the same if not more in the last 2 years if they had a 120M payroll that did not have Ollie and Castillo on it.

          The Mets have tried the spend big win big method and it’s not really produced. I have no desire to spend on big name FA just to say our payroll is high.

          • Also, again, If the Wilpons need 1Billion then what will 15M do for them?

    • YanksFanSince78 4 years ago

      It’s already happened. If Wilpon is borrowing against the team then they probably don’t have the money to take on huge amounts of additional payroll so don’t expect them to sign any multi million dollar deals. No Pujols!

      • I am Urban Legend 4 years ago

        Pujols would be the wrong move for them…
        I love Pujols’s game, but I think with Ike Davis at 1B…the mets need as many pre-arb/arb players to off-set the rising costs of reyes/wright ( assuming they resign )

    • jb226 4 years ago

      However this mess plays out, I think the Wilpons are screwed. They won’t be the Mets owners much longer.

      But you seem to think that a civil judgment is like a restaurant bill, where the judge bangs his gavel and a bailiff walks over and you open your wallet and pay your fine. It’s not. They’ll let you finance it. If that extra $40MM a year was profit, ie, something that the Wilpons could actually take and give away to help settle their debt, that’s pretty significant depending on the debt. 40/300 is 13%. They would be done in eight years at that rate, assuming they didn’t have a dime to contribute any other way.

      But as I said, they’re done for even if they win this lawsuit. It’s just a matter of time.

  18. MaineluvstheSox 4 years ago

    Stunning!!! How do you sell 25% of nothing. Oh, I forgot, this is America.
    Seriously, if the commish has any nuts he needs to force the Wilpons out. It would seem the Mets are noncompettitve. How do opperate under these conditions? If you are Albert Pujols you don’t even talk to these charlatans. A sad situation.

    • bjsguess 4 years ago

      How would baseball force an owner out? Is there an example of that?

      • MaineluvstheSox 4 years ago

        The NBA forced the Knicks to straighten things out a few years ago or they would step in and do it themsleves. MLB “owned” the Nationals for a while. Different situations, I know. I’m not saying the league could do anything, but it is a very bad situation with possible bankruptcy, recievership, and the obvious black eye. Do the Wilpons have the right to own and mismanage the Mets? Yup. What happens if they can’t meet payroll because the courts put an order against them?

        • I am Urban Legend 4 years ago

          imagine if their checks to david wright started bouncing lol

          david: ugghh..yeah jeff…i havent gotten paid in 2 months…whats up…
          jeff: the check is in the mail
          david: but i have direct deposit
          jeff: listen, do u need some cash? i’ll lend u some money at a good intere…
          david: mofo, how u gonna lend me money when u owe me money..i swear i’m gonna strike out with the bases loaded in a critical spot every time til u pay me what u owe

  19. I think they’ll end up selling a minority stake while finally settling. Picard can ask for $100 billion if he wants to, that’s how it works. He asks for $1B and then the Wilpons decide to settle.

    Either way it blows. I know this offseason hasn’t been exciting for some fans, but it’s been exciting for me because hiring Alderson and Co. was a breath of fresh air. I was excited to see how Collins managed the team, if Reyes and Beltran returned to All-Stars and how Ike, Niese and Thole developed.

    Now this black cloud is hanging over the Mets yet again. I support the hell out of those guys that bust it out there all season, but the Wilpons can go screw themselves. I’m really over this BS.

    • jb226 4 years ago

      How much he asks for is actually quite important, however. It’s going to influence a jury if the case is not settled.

      Further, in civil cases, juries can apportion blame. Let’s say they agreed that the damages were $1B, and that the Wilpons should have known something was wrong so they deserve some blame, but so should the investors under them in the scheme. A jury can come out and say “the Wilpons are liable for 50% of this judgment and the other victims are responsible for 50%.” It means the Wilpons are stuck with 50% of the damages — or $500MM in this hypothetical.

  20. I am just hoping that the Wilpons are forced to sell the team. Then we could get a Mark Cuban, who will spend the money that Boston and Philly spends!

    • The Wilpons have spent plenty of money, it’s just been completely misallocated, so now they’re hamstrung with contracts that are preventing them from making big moves like Boston and Philadelphia has.

      Sandy is the perfect guy to spend your money wisely, but now with these recent developments there’s a good chance we won’t get to see him do so. Only time will tell.

    • Mets payroll this year is the highest it’s ever been. Bunch of cheapskates. LOL
      The Wilpons problem is that they have shown the problem of allowing the wrong people to control their money…. Omar and Madoff.

      • I’m not saying the Wilpons have been cheapskates, just that a New York team should be willing and able to match Boston and Philly in spending.

        • I am Urban Legend 4 years ago

          I dont think Philly is making the best decisions long term…

          most of their success has come from low-key moves and farm

          howard = farm
          utley = farm
          rollins = farm
          ruiz = farm
          victorino = rule 5
          werth = low key trade
          ibanez = free-agent bust
          doc signed a very team friendly deal considering he’s the best SP in the league

          • Muggi 4 years ago

            I wouldn’t say Ibanez has been a BUST, I mean even in his down year last season he was a 1.9 WAR guy; not quite up to his $11.5m salary, but close. The 3.9 WAR he put up in 2009 blows away the $6.5m they paid him that season.

            The Howard extension was moronic, the Lee contract will probably work out (everyone points to his age, but he’ll only be 36 by the time it’s expired). Doc’s deal is as good as it gets. Utley’s is a bargain at $15m.

          • I am Urban Legend 4 years ago

            Yeah I was referring more to Howards extension…
            also Lee will be 38 or 39 when that contract finishes…

          • Muggi 4 years ago

            That’s a common misconception. Lee’s deal is for 5 yrs; the first season he will be 32.

            32
            33
            34
            35
            36

            (his birthday is in August, so technically he’ll be 37 for a couple months of the last yr)

            Now if he pitches well the final two season and the Option kicks in, then he could be 37 (at the start of the season) by the end. In all likelihood the Phils will exercise the Option on way or the other, as there’s a $10m buyout on his $25m salary…if he’s pitching at all well, he’s easily worth $15m.

          • I agree that the decisions that Philly has made haven’t always been the best ones (especially Howard’s contract), but my point is to spend what they spend (of course, wisely). And that includes spending on international signings and on draftees—going over slot.

      • I am Urban Legend 4 years ago

        their problem was NOT allowing Omar to spend their money wisely…

        Omar went after Manny, Lowe and Eckstein before settling on Shawne Green, Perez and Castillo..

    • Muggi 4 years ago

      The problem with Cuban is the other MLB owners may not want a hothead like him in the league, and the other owners can nix any sale they don’t like.

      If the Mets went up for outright sale, it’s not like Cuban would be the only suitor.

  21. optionn 4 years ago

    I wouldn’t pay Picard a dime. Take this to court and see what happens. They had no knowledge that Madoff was running a huge ponzi scheme- nobody knew until it was too late.

  22. Guest 4 years ago

    I was hoping to see multiple Star Trek references, only one ive seen.

    • Glove Affair 4 years ago

      That’s cause there’s “no intelligent life here”….”Scotty.”
      (Not true of course, but you got your wish!)

  23. BaseballFanatic0707 4 years ago

    Safe to say that the Wilpons probably want to wear paper bags over their heads?

    • Glove Affair 4 years ago

      To hide the “egg” on their faces?!

    • I am Urban Legend 4 years ago

      imagine if both the wilpons and their spouses wore paper bags to bed every night.

  24. MLB should force the sale of the Mets if they can legally do that. The mets are good for baseball and why should MLB and the Mets Fans have to suffer for the wilpon’s bad business dealings.

    • Wilpon and Katz may have received $300 million in disbursements from Madoff, although that figure is much in doubt, but they also lost nearly $500 million. THEY should be one of the people the trustees are suing to recover money FOR not against. And the public has already convicted the Mets BEFORE this case even gets to pre-trial motions.

  25. As Picard on Star Trek would say “Kill all the Lawyers”

  26. “Kill all the Lawyers” and let’s play baseball

  27. The only true losers here are, and will be, the fans.

  28. ‘will Luis Castillo hit any better? Will Oliver Perez pitch any better? Will Johan Santana heal any better?

    The answer to all three questions is, sadly, no.”

    HEY! Castillo could easily hit .325 15 HRs and 90 RBI’s! Ollie can make mincemeat out of the NL if he retools his changeup! Johan can be back by the end of April if he’s dedicated enough!

  29. This lawsuit could take years to simply bring to trial let alone be settled. The winner here are the attorneys, because proving someone “should have known” is nearly impossible. Picard was hoping for a settlement and when Wilpon & Katz declined, he had to save face so he continued witht he suit. Picard will still make HIS money even if the trustees in the Madoff case never get theirs.

  30. You can say a lot about the Wilpons… but cheap is not one of them. Maybe they haven’t spent the money very wisely often, but they have spent it. The Mets have been at the top of the Majors in payroll much more often than not. The problem is that the management group has been a couple of bumbling clown-shoes for the most part the last number of years. They have the right guys in there now. It sucks that this has to hit now that there are actual smart and savvy baseman people in charge and Jeff will be staying out of the baseball decision making.

  31. FreeBald 4 years ago

    True if your preference is to be cheap and never win for two decades.

  32. Didn’t the Pirates just clinch their 18th losing season last year?? At least the Mets made the playoffs AND went to the world series in the last 10 years.

    Happy 19th for you guys :) I think that’s the “worst thing in the world”

  33. wayne_gomes 4 years ago

    Well you can take pride that the Pirates clearly have the better business model. Pocket revenue sharing money, don’t spend, cheap out in draft and international market (for 9 of last 10 years at least), profit

  34. WarvsBA 4 years ago

    I wonder what is worse having 100+ payroll (good thing that the team will do that regardless of how its spent), make the playoffs 2-3 times in the last ten years with a world series appearance in the last 12 years. or not being above .500 for 17+ years draft high and crap for the most part for all that time and the few good players we get we trade for next to nothing. I hate the mets and the I have to say pirates have it way way worse.

  35. gunsnascar 4 years ago

    its going to take deep pockets for 1 family or a group to buy them out and why not restart the franchise with players that arn’t associated with the old regeim.
    then they can rebuild from within like the royals build from within at a big savings
    the mets from the 80’s were something I mean just remember doc gooden and strawberry both busted for coke but there was also dykstra mookie wilson kieth hernandez howard johnson etc etc.
    I would love to see a team like that again.
    the new owners can do just that with a fire sale and then rebuilding from within while the mets name is also rebuilt with new advertisements and mlb deals.

  36. gunsnascar 4 years ago

    Keep your david wright,johan santana and your carlos beltran and build around them then odds are you can only get a good return outta wright and maybe santana anyway.
    as far as beltran goes its like the cubs trying to part ways with soriano that is the same bad contract situation they have anyway the only difference is the years left on the contracts.
    under new ownership the mets can at very least turn the corner from scandles like this madoff deal

  37. SRT 4 years ago

    Beltran was as good as gone without this mess. He’s on his walk year with a no arbitration clause. Best case scenario is he has a good first half and they trade him to some team in contention who needs a bat – and get back a couple of prospects.

  38. cmon, this is like beating up on a handicapped person, too easy..

  39. This is true. It had to be done though.

  40. I am Urban Legend 4 years ago

    Yeah But Nelson Doubleday was a hands-off laid back owner…Fred and Jeff have been active with running the day-day management since they went from 5% ownership to 50% ownership back in 1986…so I agree…I cant imagine what it would be like to have honest owners of the NY Mets…

  41. I am Urban Legend 4 years ago

    are u a mets fan that hates the mets?

  42. I am Urban Legend 4 years ago

    old players like….ike davis ???
    lol

  43. I am Urban Legend 4 years ago

    so…if he has a great year…and the mets make the playoffs….and the market dries up for Carlos…would u resign him to a 2 year deal for 20 mil ?

  44. YanksFanSince78 4 years ago

    Sal Alosi was an employee. Big difference.

  45. Glove Affair 4 years ago

    I think he’s a Jays fan.

  46. Muggi 4 years ago

    That’s a bit harsh; most AAA affiliates at least produce SOME talent for the big squad. What talent has Pittsburgh produced in the last 10+ seasons?

  47. pocket the revenue sharing money and he’s using it on non baseball related activities…the pirates can draft all they want, but until you are able to keep those players in Pittsburgh and stop rebuilding every year your going to be in the basement, thank god you guys have the Penguins and Steelers, should probably give Sidney Crosby a contract

  48. goner 4 years ago

    Your post is extremely ignorant. Since Neal Huntington became GM, the Pirates have spent more in the draft than anyone else (over the last 3 drafts), and spent at least $3.2M on international players in the last year alone. In addition, they tried to sign players like Jose Del Los Santos and Carl Pavano this offseason, but could not; what were the odds that Cliff Lee or Derek Jeter could have become Pirates? Instead we got Lyle Overbay and Kevin Correia.

  49. WarvsBA 4 years ago

    I am, I just could not believe someone would say something like that.

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