The big news out of Citi Field today was the settlement of the lawsuit between the Mets' owners and Irving Picard, the trustee for Bernie Madoff's victims. Here are some more items about the team, including fallout from the settlement...
- The Mets have sold 12 minority ownership shares in the club for $20MM each, reports Teri Thompson and Michael O'Keeffe of the New York Daily News. The deals were settled last week, with the buyers of seven of the shares (four for cable company SNY and one each for Saul Katz, Jeff Wilpon and Steve Cohen) publicly known. The $240MM generated by the sale of these ownership shares will go towards covering the club's operating costs for the 2012 season. The Mets have also paid back several team debts, including a $25MM loan from Major League Baseball and a $40MM loan from Bank Of America.
- "So while the Wilpons may consider themselves the day’s winners, it’s the fans that emerge as the losers," writes Bob Klapisch for FOX Sports. Klapisch outlines the several hundred millions in debt that the franchise still owes and predicts the Mets may face several more years of low payrolls and uncertainty.
- Scouting reports on Scott Kazmir "were not great," which is why the Mets passed on a reunion with the left-hander, writes MLB.com's Anthony DiComo. This mailbag piece also covers such topics as the Mets' training and medical staffs and center field prospect Kirk Nieuwenhuis.
- Earlier today, MLBTR's Ben Nicholson-Smith reviewed the Mets' offseason.