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Mets Notes: Ownership, Wilpons, Kazmir

By Mark Polishuk | March 19, 2012 at 7:10pm CDT

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.
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New York Mets Scott Kazmir

AL Central Notes: Soria, Baker, Antonetti
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Minor Moves: Indians, Rangers
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12 Comments

  1. EdinsonPickle

    13 years ago

    I thought it was a sure thing that Kazmir would get an invite to ST with maybe a minor league deal struck between himself and an interested club as he worked his way back to the Majors, but it’s beginning to look like his career is going to end without any return at all. Hard to believe that a guy like this who led the league in K’s and pitched against the titans of the AL East will see his career fade away into oblivion just like that.

    Reply
    • Lastings

      13 years ago

      Rick Peterson will fix him, oh the irony would that be…

      Reply
    • Lastings

      13 years ago

      Rick Peterson will fix him, oh the irony would that be…

      Reply
  2. Blue387

    13 years ago

    Sell the team.

    Fred and Jeff Wilpon wouldn’t know competence if it got up and shook their hands.

    Reply
    • MetsEventually

      13 years ago

      Well, that’s not going to happen anymore. Let Sandy rebuild the farm and get the players we wants to succeed with. David Wright staying looks probably now too. 

      Reply
    • Mikenmn

      13 years ago

       They aren’t going to sell the team if they can help it.  It may not be all bad. If they aren’t going to compete right away, it gives them a chance to clean up the organization, to give playing time to those who might otherwise be blocked by a mediocre vet, and maybe to convert some of their assets into prospects.  I think it’s harder to run a team that projects to .500 ball than one that hopes to break 70 wins, because you can be much more realistic.

      Reply
  3. Blue387

    13 years ago

    Sell the team.

    Fred and Jeff Wilpon wouldn’t know competence if it got up and shook their hands.

    Reply
  4. metsman

    13 years ago

    Why does it not surpise me that Fox is the only mouth peice that s hits on the one  bit of good news that I’ve had about the Mets in a long time.

    Reply

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