Mets Notes: Wright, Cohen, Valuation

Here are some Mets notes as the Amazin's open a three-game set against the Dodgers at Citi Field …

  • The Tigers will most certainly be interested in acquiring third baseman David Wright, should he be made available on the trade market, writes Lynn Henning of The Detroit News. Wright is signed through 2012 and has a club option for 2013. Henning speculates that Wright would probably cost the Tigers a top-end pitching prospect, and they'd also have to figure out a plan for incumbent Brandon Inge. Last night, Mark Polishuk of MLBTR identified Wright as a trade candidate and included the Tigers as a potential fit.
  • Steve Cohen, a billionaire "hedge-fund titan," is the frontrunner to purchase a minority stake in the Mets, according to Josh Kosman and Lenn Robbins of the New York Post. The candidates have been narrowed down to four, The Post reports, and the asking price is thought to be roughly $200MM for a 49-percent share of the team.
  • The Wilpons have more interested suitors than you might think, tweets Jon Heyman of SI.com, and the team is being valued nearer to $1 billion than previous reports of roughly $750MM.


38 Responses to Mets Notes: Wright, Cohen, Valuation Leave a Reply

  1. nictonjr 4 years ago

    If the team is valued ‘near $1 billion’ getting 49% for $200M is a steal….

    • Lunchbox45 4 years ago

      don’t you by default take on 49% of their debt and/or impeding legal issues

      • icedrake523 4 years ago

        Not their legal issues, that is the Wilpons’ personal matter.

    • quintjs 4 years ago

      49% share for 200M is only a steal when the owners don’t have legel problems and you are only interested in making some money.

      The whole point of owning a sports team is to own it, not be a minor owner with little say, although it sounds like in the Mets case, you can veto payroll decisions.

      200M for 49% sounds about right in this case. The extra 2% is worth another $500m.

      Given that people buying this 49% share also want the first rights to take full ownership, if that is in the deal, it probably is priced so the Wilpons do very well out of selling the next few % to give the minority owner the majority share.

    • caseyB 4 years ago

      It’s $200 million for up to a 49% share. IOW, the final deal could be $200 million for 32% of the club. Some like MLBTR neglect to add in the “up to” part which was in the original article.

  2. qudjy1 4 years ago

    Would Mets fans agree that Wright is worth one “top end” pitching prospect, plus 2 more decent ones?

  3. I was confused by the valuation calculation too. However, after reading the NYP article, the $200M is arrived at by inferring a $800M enterprise value, minus an est. $430M in debt. $800M-$430M = $370M cash value…half of that is approx $200M.

  4. Ferrariman 4 years ago

    i wonder what it would take to get Wright if your the Tigers. Probably jacob turner and then some. Though i’m not sure i’d give up a top 15 prospect (if you consider turner a top 15) for Wright. Not that he isn’t worth a solid package, but in terms of prospects, quality is almost always better than quantity.

    • InLeylandWeTrust 4 years ago

      I don’t see Turner being traded for anyone really, at least not for Wright. Oliver and Castellanos would be the starting point I’m guessing.

  5. Since when did “thinking it would be cool if David Wright got traded” turn into “identified Wright as a trade candidate”? You can’t just make stuff up. Oh, I hear Jason Heyward is really interested in becoming a Navy Seal.

    • caseyB 4 years ago

      The hyper speculation is a result of the Mets financial mess plus their mediocre record. After all, the Tigers have an almost identical record as the Mets, but are not in financial distress, so are not viewed as sellers. Which of course doesn’t make sense. Hmmm, I wonder if they will give the Mets Verlander for Flores and Holt, and another top prospect.

      • baseballdude 4 years ago

        tigers will buy not sell.

        • caseyB 4 years ago

          Why? Their record is just half a game better than the Mets. So why shouldn’t the Tigers sell? Mets would be interested in Verlander.

          • The Tigers are in a more winnable division and not in severe financial distress.

          • caseyB 4 years ago

            Who says it’s more winnable? KC and Cleveland disagree. And chances are, the WC will come out of the AL East.

            As for the Mets financial distress, that should dissolve once the minority partner comes aboard. Mets revenues are also vastly superior to the Tigers.

            Mets can use Verlander.

          • InLeylandWeTrust 4 years ago

            KC and Cleveland, while great stories so far, are highly unlikely to maintain this success. The Tigers will be buyers, while the Mets will be sellers.

          • caseyB 4 years ago

            I would bet that at least one of those clubs (Cleveland) keeps it up and finishes ahead of the Tigers. Tigers won’t make the postseason. While they may not be sellers, neither will the Mets. Oh, the Mets may sell off someone like Beltran whose bad knees make him best suited for the AL and a DH role, but Reyes and Wright and other key core players aren’t going anywhere this season.

          • JacksTigers 4 years ago

            Stop digging a hole for yourself and give up.

          • caseyB 4 years ago

            What hole? You give up.

            You’re obviously a Tigers fan who can’t process that your team is basically performing no better than the team you or other Tigers fans want to raid.

          • JacksTigers 4 years ago

            And your obviously a bitter, old Mets fan who can’t fathom the fact that Detroit has a better chance of making the postseason than the Metropolitans do.

          • caseyB 4 years ago

            Not bitter or old at all. I’m happy as a clam, knowing that whatever happens this year, they are in good hands with Alderson.

            You on the other hand must be delusional and immature. If your team has a better chance to make the playoffs than the Mets, it is not by much.

            As it is now, the Tigers aren’t any better than the Mets.

          • JacksTigers 4 years ago

            Hey Mr. Met, in honor of your putting down of Detroit, they decided to throw a no hitter.

          • caseyB 4 years ago

            I didn’t put them down. I told it like it is, Mr. Tiger. But thanks for letting me know a no-hitter guarantees a postseason appearance. Guess that means it’s you and the Twins in October.

          • JacksTigers 4 years ago

            There are haters and then there are annoying haters. Guess which one you are.

          • caseyB 4 years ago

            You’re just plain annoying.

          • JacksTigers 4 years ago

            Why did you wait two days to respond??

          • caseyB 4 years ago

            Oh, really? Like that matters?

            It’s called a life.

          • JacksTigers 4 years ago

            STOP RESPONDING TO THIS!!! I DON’T CARE ANYMORE!!! MOVE ON ALREADY!!! IT’S BEEN THREE DAYS!!!

          • caseyB 4 years ago

            Why don’t you stop and move on already? If you don’t care anymore, why do you keep responding? And, do you really think typing in ALL caps makes a difference? LMAO.

    • If Heyward was a SEAL, bin Laden would have been dead a long time ago.

  6. Did you guys hear the buzz about Jason Heyward becoming a Navy Seal? I think it’s wonderful that he wants to serve his country, but how do you think the Braves will handle it?

  7. baseballdude 4 years ago

    would Andy oliver and 2 3 or 4 middle level prospects be enough??

    • MetsEventually 4 years ago

      lol

    • InLeylandWeTrust 4 years ago

      I’m guessing it would take Oliver, 1 of Castellanos/Martinez (probably Castellanos), then one more decent pitching prospect.

      • JacksTigers 4 years ago

        I would say Oliver, Castellanos, Andy Wilks, and some filler.

  8. Frank Tangorra 4 years ago

    Why is it a shock that the Mets are worth 1 billion dollars. Has anyone forgotten it is a New York baseball team. I hope the sale of the team goes straight into the baseball operations.

  9. johnsmith4 4 years ago

    I can’t help but wonder if Jays Alex Anthopolous inserts himself into one of these big deals to turn it into a 3-way trade. He is loaded with pitching prospects. Some are MLB ready. I imagine Mets want some MLB ready pitchers who are 25/26 plus some high ceiling prospects who are 22/23.

  10. chicowalker 4 years ago

    If the Tigers wanted to rent Reyes, it would cost Oliver plus more. If you want Wright for two years, the package starts with Turner and then you add from there.

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