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Five Potential Mets Buyers Submit Bids

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10:16pm: Charles Gasparino of FOX Business tweets that Cohen has told the Wilpons he’d be willing to pay $2 billion for the team and $2 billion for SNY. It’s not entirely clear that offers on SNY are even being entertained, though Cohen could certainly make an aggressive bid to buy a controlling stake in hope of forcing the Wilpons’ hand. If the numbers here are accurate, it’s hard to envision most other buyers being able to compete.

9:05pm: The initial bid from the Rodriguez/Lopez group is “around” $1.7 billion, Thornton McEnery of the New York Post tweets.

8:40pm: At least five interested groups formally submitted bids to buy the Mets on Thursday, Sportico’s Scott Soshnick reports. Among them are previously reported groups led by Alex Rodriguez and Jennifer Lopez; New Jersey Devils and Philadelphia 76ers owners David Blitzer and Josh Harris; and, perhaps of most intrigue to Mets fans, New York billionaire and current minority stakeholder Steve Cohen. All offers submitted today are preliminary, non-binding offers which can still be altered, Soshnick writes.

Cohen was not only in talks to buy the Mets in late 2019 and early 2020 but actually had an agreement in place to increase his stake in the team from eight percent to 80 percent over a five-year period. However, that deal fell apart in February — reportedly after managing partner Fred Wilpon and son Jeff (the Mets’ COO) sought to alter some terms at the eleventh hour. Neither party would comment directly on why the deal crumbled. Cohen said in a statement at the time:

I’m very disappointed we couldn’t work out a deal, but as an eight percent holder I’m looking forward to a higher bid for the team.  I want to thank the fans for their support and the respect they showed me and I want to thank Commissioner Manfred and MLB for their support through the process.  I gave it my best shot.

Cohen, a New York native with a net worth estimated at one point to be in excess of $13 billion, grew up as a Mets fan. That has given current fans hope that he could substantially up the team’s payroll in the event that he is ultimately victorious in his apparently renewed pursuit of a purchase. Whether that was actually the case earlier this year can’t be known, and it’s particularly up for debate whether it’d play out in such a manner following substantial revenue losses and a stark economic downturn. Cohen’s initial bid on the Mets was reported to be a whopping $2.6 billion. Updated bids are expected to be lower, however, due both to recent economic turmoil and the fact that the current sale is said not to include any stake in the SNY Network.

The other ownership groups, of course, shouldn’t be counted out. While few can match Cohen’s considerable net worth, the A-Rod/J-Lo group recently enlisted Florida Panthers owner Vinnie Viola and VitaminWater and BodyArmor co-founder Mike Repole to bolster its resources. Harris and Blitzer already own a pair of U.S. sports teams, and Harris has a minority stake in an English Premier League club, so this is familiar territory.

There’s also been reported interest in the Mets from U.K. billionaires David and Simon Reuben. The brothers carry a net worth even greater than that of Cohen — a reported $14 billion — and have interest in expanding their broad-reaching real estate and retail enterprise into New York in the near future. Bloomberg reported that they recently purchased retail space in Manhattan, and they’re said to have interest in developing the land around Flushing’s Citi Field. Whether they’re one of the five (or more) groups to have formally submitted a bid isn’t yet clear.

As many as seven groups were pre-approved by Major League Baseball recently. The Wilpons are aiming to complete a sale of the team by end of year.

Angels Claim Jacob Rhame

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The Angels announced Wednesday that they’ve claimed right-handed reliever Jacob Rhame off waivers from the Mets. Rhame was in the Mets’ 60-man player pool, and the Mets have already announced that his spot will be filled by right-hander Ryley Gilliam. The Angels’ pool will grow to 57 with the claim — assuming Rhame is indeed added.

Rhame, 27, was originally a sixth-round pick of the Dodgers back in 2013 but landed in the Mets organization via the trade that sent Curtis Granderson from New York to L.A. He’s spent parts of three seasons in the Mets’ bullpen but has yet to find much success. In 47 2/3 MLB innings, Rhame has worked to a 6.23 ERA and 6.06 FIP with averages of 7.6 strikeouts, 4.5 walks and 2.08 homers per nine innings pitched.

That said, Rhame also averages just under 96 mph on his fastball and, in 2018, posted impressive swinging-strike and opponents’ chase rates (13.4 percent and 35.8 percent, respectively). The spin rate on both his four-seam fastball and his curveball ranked among the game’s elite that season, so the Angels are surely hoping that with some adjustments to his approach, Rhame’s raw abilities will translate to improved bottom-line results.

Rhame underwent ulnar nerve transposition surgery last August, but MLB.com’s Anthony DiComo tweets that he’s been throwing off a mound in Summer Camp, which bodes well for his readiness to return. He’s out of minor league options, so Rhame will either need to break camp on the team’s expanded 30-man roster or else once again be exposed to waivers.

Gilliam, 23, was the Mets’ fifth-round pick just two summers ago and quickly rose through the ranks in the system, topping out in Triple-A last year. The Clemson product breezed through Class-A Advanced in 2019 and posted respectable numbers in Double-A before being torched in 9 1/3 innings of Triple-A ball. But Gilliam has punched out 87 hitters in just 56 pro innings (14.0 K/9, 35.1 percent overall strikeout rate) and ranks inside the organization’s top 30 prospects at both MLB.com and FanGraphs. He’s said to have a pair of above-average to potentially plus pitches: his heater and curveball. With no minor league season in 2020, it’s possible that Gilliam will largely skip over Triple-A and make his big league debut at some point this summer.

Steve Cohen Expected To Reenter Mets Bidding

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Move over, A-Rod/J.Lo? Steve Cohen, whose prior deal with the Mets collapsed, is evidently lurking for a second attempt. Thornton McEnery of the New York Post reports that the billionaire is preparing to participate in the first round of bidding.

Cohen had an agreement all but locked up with the existing Wilpon ownership group. But the unusual accord left substantial control rights with the Wilpons for a period of time and the sides ultimately came to disagree over how the transition would occur.

That original pact fell apart in early February, making for an inopportune timeline for the Wilpons. Cohen was (and is) a minority owners of the club; talks with him occurred without a broader bidding process. So when things collapsed, there wasn’t another party to turn to. And then came the coronavirus pandemic.

While there are multiple parties showing real interest in pursuing the franchise, there’s no indication to this point that a serious bidding war is underway. Cohen is said to have been “monitoring” the situation and still seems to be far and away the most qualified bidder. The Wilpons are reportedly asking for $2B — well less than what they would’ve originally received from Cohen — and don’t appear to have much hope of reaching that figure unless he jumps back into the picture.

NL East Notes: Phillies, Wheeler, Mets, Braves, Freeman

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Phillies offseason addition Zack Wheeler is still weighing his options about participating in the 2020 season, according to Jim Salisbury of NBC Sports. With Wheeler and his wife expecting a baby in late July—right around the start of the regular season—he’s constantly evaluating his level of comfort with the precautions being taken around baseball. For the time being, Wheeler expects to play this season, though that’s subject to change. Matt Gelb of The Athletic adds that, even if he continues to play after the birth of his child, Wheeler expects to miss a couple of starts at that time. A number of players have already declared their intentions to sit out this year, and plenty of players in situations similar to Wheeler’s who will continuously evaluate that possibility. Players with young children or expecting a child are in particularly difficult circumstances as they keep their family’s health in mind; like Wheeler, Mike Trout has some reservations about playing this year as he awaits the arrival of a newborn.

  • The Mets and manager Luis Rojas might opt for a closer-by-committee approach this year, with the likes of Edwin Diaz, Seth Lugo, Dellin Betances, and Jeurys Familia all candidates to pitch in the ninth inning, as reported by Anthony DiComo of MLB.com. While Diaz was acquired with the expectation that he’d be the guy for years to come, a down year in 2019 coupled with the unique circumstances surrounding this season means that Rojas is open to a less rigid formula for winning games. The Mets are pretty well positioned to employ such a strategy, with the aforementioned four pitchers all having closing experience or boasting closer-quality stuff. Mets fans will hope for a rebound from Diaz, but if that doesn’t happen, Betances—hopefully healthy—and Lugo are certainly not bad options to fall back on.
  • With franchise cornerstone Freddie Freeman on the shelf due to COVID-19, the Braves are evaluating contingency plans at first base if Freeman is unable to play in time for regular season games. Per Mark Bowman of MLB.com, Brian Snitker named Austin Riley, Adam Duvall, and Nick Markakis as candidates to appear at first base during Freeman’s absence. All three have limited experience at the position, and Markakis could combine with either Duvall or Riley to form a platoon at first. Johan Camargo, a versatile infielder, could also see some time there, while Peter O’Brien and Yonder are on board as depth options. Obviously, though, the hope is that Freeman will return to good health quickly and with no hiccups to man the position as planned.

Health Notes: Knebel, Canning, Lowrie

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Mets infielder Jed Lowrie is said to be a “full go” for Mets workouts, manager Luis Rojas told reporters including Anthony DiComo of MLB.com. He’ll participate in a sim game at Citi Field today. Lowrie has been absent with a variety of nebulous injuries to his left side, seemingly stemming from an initial knee injury. Those injuries limited the 36-year-old to just nine games last year, his first with the Mets. He entered this year’s first iteration of Spring Training in a brace, apparently dealing with some lingering effects from last year’s health issues. It’s encouraging to hear that Lowrie seems to be in better shape now, but it remains to be seen just how often Rojas will deploy him in a somewhat crowded infield mix. This year marks the final year in the two-year, $20MM contract Lowrie inked prior to last year. And between last year’s injury-plagued season and a shortened campaign in 2020, it’s looking like the Mets’ two-year investment in Lowrie is going largely by the wayside.

Other injury-related notes from around baseball…

  • Brewers right-hander Corey Knebel is looking good in Brewers camp as he recovers from Tommy John surgery, per a report from Adam McCalvy of MLB.com. Knebel missed all of last year after undergoing the procedure in the spring, but he’s ramped up to throwing live batting practice in the Brewers’ return to action. As McCalvy says, manager Craig Counsell and pitching coach Chris Hook still want to be careful with Knebel, who’s a little more than a year removed from surgery. That said, it seems like Knebel should figure into Milwaukee’s bullpen mix this year, augmenting a unit that already looks formidable with Josh Hader at the helm. The tandem of Hader and Knebel, who was an All-Star in 2017, could form the backbone of one of baseball’s deadliest bullpens.
  • After an elbow-related scare this spring, Angels righty Griffin Canning says he’s feeling “10 times better” than he did a few months ago, according to Jeff Fletcher of the Orange County Register. That’s encouraging news for Angels fans who might have been panicking when ongoing elbow issues became a topic of focus during Spring Training. Luckily, those elbow troubles weren’t due to a tear in the UCL, so Canning was able to avoid an invasive procedure. A PRP injection seems to have worked wonders for Canning, and the hope is that he’ll maintain good health down the road. All told, it seems like Canning should be able to contribute in some capacity to the Angels’ shortened season—great news after an impressive rookie season.

Mets Notes: Betances, Coronavirus

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  • The Mets are “extremely excited” about the progress reliever Dellin Betances has made, and they expect him to be a full participant in summer camp, according to general manager Brodie Van Wagenen (via Anthony DiComo of MLB.com). Betances, whom the Mets signed to a $10.5MM guarantee during the winter, missed almost all of last season as a Yankee because of shoulder problems. In his lone appearance of the year, on Sept. 15, the right-hander struck out both batters he faced before suffering a partial left Achilles tear while hopping off the mound. If Betances returns to his typical form this season, though, he should be an enormously helpful pickup for the Mets. The 32-year-old’s a four-time All-Star who has logged a 2.36 ERA/2.31 FIP with 14.64 K/9, 4.01 BB/9 and 117 holds during his 381 2/3-inning career.
  • More on the Mets, who have had one player on their 40-man roster test positive for the coronavirus, Van Wagenen told Deesha Thosar of the New York Daily News and other reporters Monday. They’ve also had positive tests among minor leaguers. But the 40-man player is recovering well, and Van Wagenen believes the Mets have been been “incredibly fortunate” to have so few positive tests to his point.

Mets Sign Jared Hughes

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7:44pm: Hughes’ contract is worth a prorated $700K (about $260K over a 60-game season), DiComo tweets.

7:05pm: The Mets have signed reliever Jared Hughes to a major league contract, Anthony DiComo of MLB.com was among those to report. Financial details of the deal aren’t yet known, but Hughes will join the Mets’ 60-man player pool. The right-hander is a client of ISE Baseball.

Hughes, who will turn 35 on July 4, was most recently with the Astros, but he opted out of his minor league contract with them in March. He divided 2019 between the Reds and Phillies, with whom he combined for a 4.04 ERA/5.29 FIP with 6.81 K/9, 3.41 BB/9 and a bloated home run-to-fly ball percentage of 28.9 across 71 1/3 frames.

Last season was the first time Hughes was victimized by the home run ball over a large sample of work. He has long been adept at inducing ground balls, having done so at a 61.5 percent clip during a 519-inning major league career that has also included runs with the Pirates and Brewers. Hughes’ ability to keep the ball out of the air has led to a 13.9 percent HR-to-FB rate and a quality 2.88 ERA, despite an underwhelming K/9 of 6.07.

While Hughes has never flashed the most exciting skill set, he looks like a worthwhile flyer for the Mets, who are banking on a better performance from a bullpen that was a major disappointment in 2019. Along with Hughes, they’ve since added Dellin Betances and Brad Brach to the unit.

MLB Pre-Approves 7 Bidding Groups For Mets

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While it’s fun to imagine Alex Rodriguez and Jenifer Lopez overseeing the Mets from an ownership suite, they’re not alone in their bidding group … and there are plenty of other competing outfits eyeing the New York organization. At the moment, it’s far from clear just how the ownership transition will turn out.

Seven different groups have received pre-approval from Major League Baseball to pursue the Mets, Scott Soshnick reports at Sportico.com. That includes the three primary bidding groups that have already emerged publicly. The identity of the four other potential suitors remains unknown.

In recent years, we’ve seen teams change hands via differing mechanisms. Last year, John Sherman purchased his hometown Royals in a very quiet, tidy process. The 2017 Marlins sale occurred after a very public, long-running bidding process involving quite a few famous names.

It appears we’re headed for the latter scenario here. While the Mets had seemingly lined up an agreement with minority owner Steve Cohen, that prospective deal collapsed and left the Wilpon ownership group in need of outside bidders.

Under the circumstances, the Wilpons are surely interested in maintaining the interest of a fair number of reasonably serious bidders, at least for the initial phase of the process. First-round bids will be solicited in July, according to Soshnick.

Mets To Sign Second-Rounder J.T. Ginn

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The Mets have inked second-round draft pick J.T. Ginn, Tim Healey of Newsday reports on Twitter. He’ll receive a $2.9MM bonus, per Joe DeMayo of SNY.tv (Twitter link).

This puts a bow on the Mets’ 2020 draft class. The club had already inked their other five draftees, with its four selections after Ginn all going for well under the slot values attached to their picks.

The New York org needed every penny to reel in Ginn. He was taken 52nd overall, a position that came with a $1,403,200 pool allocation. Clearly, he wasn’t willing to turn pro for that amount.

Ginn, a draft-eligible sophomore out of Mississippi State, is working his way back from Tommy John surgery. But the Mets obviously feel the talent is compelling enough to roll the dice on a full recovery.

Most draft watchers graded Ginn as a first-round talent, in spite of the obvious risk. He was already selected there once before, but spurned the Dodgers back in 2018. Ginn is said by some to possess a potentially front-of-the-rotation arsenal — a big heater, compelling slider, and promising change-up — though others anticipate he’ll settle in more as a back-of-the-staff starter or late-inning reliever.

Mets Sign Melky Cabrera, Erasmo Ramirez, Gordon Beckham

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JULY 1: Cabrera can earn at a $1.1MM annual rate if he makes the roster, Jon Heyman of MLB Network tweets.

JUNE 29: The Mets’ signing spree continued Monday with the additions of outfielder Melky Cabrera, infielder Gordon Beckham and right-hander Erasmo Ramirez. All three have been announced by the club, and all are “expected” to be added to the 60-man player pool, according to the team. They join earlier signees Hunter Strickland and Ryan Cordell in that regard.

At 35 years old, Cabrera isn’t the hitter he once was.  That said, the Melk Man also hasn’t batted lower than .273 in the past decade, and his contact skills generally make him a source of a respectable OBP even though he doesn’t walk much.

The switch-hitting Cabrera’s .280/.313/.399 slash with the Pirates last year was below-average on the whole (88 OPS+, 85 wRC+), but he was an average or better hitter in the three preceding seasons. Cabrera carried an .807 OPS into the All-Star break last year, but he hit just .231/.257/.306 down the stretch as his role shrunk. To his credit, he struck out at just a 10.3 percent clip in 2019. He’s no lock to make the roster, but if he can shake off last year’s second-half slide, the Mets could conceivably work him into the DH mix and not need to worry about his glove.

Beckham, 33, inked a minor league pact with the Padres in February but had a rough showing in their initial camp that led to his release. Although he drew five walks, Beckham was hitless in 14 at-bats. He spent the 2019 campaign with the Tigers, hitting .215/.271/.372 with six homers, a dozen doubles and a pair of triples in 240 trips to the plate.

Beckham made his big league debut just one year after being selected with the No. 8 overall pick in the 2008 draft by the White Sox. He wasn’t able to replicate a strong rookie campaign, though, and eventually settled in as a journeyman utility infielder. He’s appeared in the big leagues each year since 2009, but Beckham carries a tepid .237/.300/.367 slash in 3782 plate appearances as a big leaguer.

Ramirez, 30, was a quality arm with the Mariners and Rays from 2015-17, pitching to a combined 3.97 ERA (4.22 FIP) with 7.0 K/9, 2.3 BB/9 and 1.2 HR/9 in 385 1/3 big league innings. A teres major strain wiped out most of his 2018 season, though, and Ramirez has yet to really regain his footing. He spent the 2019 season with the Red Sox’ Triple-A affiliate, for whom he posted a 4.74 ERA with 6.8 K/9 and 3.1 BB/9 in 125 1/3 innings.

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