Steve Cohen In Talks To Increase Investment In Mets
The Mets announced this afternoon that minority owner Steve Cohen and the Sterling Partners (owner Fred Wilpon’s company) are negotiating a deal in which Cohen “would increase his investment in the New York Mets.” The Athletic’s Ken Rosenthal first reported the news just minutes before the organization made a formal announcement (Twitter link).
The arrangement would make Cohen the new majority owner of the Mets if it is indeed completed, as Bloomberg reports that the proposed sale of shares would give him an 80 percent share of the team, which is being valued at $2.6 billion. Newsday’s Tim Healey tweets that Cohen would become the Mets’ control person heading into the 2025 season under the current proposal.
Under the terms of the yet-to-be-finalized agreement, Fred Wilpon (the co-founder and senior partner of Sterling Equities) would remain the Mets’ CEO and control person for another five years. His son, Jeff Wilpon, would also remain COO for another five years. Cohen will continue on as CEO of Point72 Asset Management, per the announcement.
Any ownership-level shakeup, of course, can have payroll implications for a team, but there’s no immediate indication that the Mets will increase spending in the near future. To the contrary, multiple reports this week have indicated that the Mets may need to move some undesirable contracts before spending further this winter — a reality that has long since been apparent to any who’ve closely examined the team’s payroll outlook. As for what would happen with regard to team payroll down the line, that can’t be known at this time, but it’s worth highlighting that the Bloomberg Billionaire Index lists Cohen’s net worth at a staggering $9.2 billion.
Today’s announcement seemingly puts a finite window on the Wilpons’ rein atop the organization and, as ESPN’s Buster Olney points out (Twitter link), perhaps explains why the club has been so focused on winning as soon as possible and making splashy moves toward that end. The Wilpon family has long been among the most highly scrutinized ownership groups in all of Major League Baseball, with reports of organizational dysfunction and over-involvement in more granular aspects of day-to-day operations becoming commonplace in recent years.
Mets Reportedly Looking To Move Bad Contracts
The Mets entered the winter in a bit of a payroll predicament. Now, they’re searching for a creative way to resolve it, Ken Rosenthal of The Athletic reports (subscription link).
While the New York payroll limit isn’t known publicly, the front office seemingly feels it may be best served moving money off of the books. The contracts of veterans Jeurys Familia and Jed Lowrie are each under water after brutal 2019 seasons, so that seems to be the place the club is targeting.
Of course, no other club is going to have interest in paying Familia ($22MM through 2021) and Lowrie ($13MM through 2020) what they’re still owed. But the Mets are floating a “concept,” per Rosenthal, by which they’d attach some of those unwanted payroll obligations to an otherwise positive-value player-asset. Say, Dominic Smith and his five remaining seasons of team control.
Just how likely this is to come to fruition isn’t clear. But it’s conceptually possible. The Mets picked up Edwin Diaz and Robinson Cano last winter on this essential model (though that only makes it all the more frustrating to be pursuing this sort of pact in the opposite direction, involving other recently acquired players). And Andy Martino of SNY.tv tweets that the team actually had a chance to pull off such a scenario at the trade deadline involving Familia and Zack Wheeler.
It’s hard to conceive just what a Familia-Wheeler swap might have looked like — it’s tough to imagine any team would have taken on a big piece of that salary to rent Wheeler for a few months — but it seems the pursuit gained some traction. Then again, Martino also asserts in another tweet that the Mets nearly pulled off a Wheeler-Noah Syndergaard blockbuster before backing out of talks with the Astros. It appears the Brodie Van Wagenen-led front office has explored a wide array of possibilities in recent months.
It will be interesting to see if the Mets can find a salary swapping partner that makes sense. While parting with talent to dump payroll isn’t always advisable, the New York club may be particularly well-situated to do it. Smith is a unique asset: young and affordable, with a solid recent track record and a prospect background, but also largely superfluous to the Mets. Perhaps J.D. Davis could be another candidate to function in a trade of this kind, though he could also still have a functional role on the roster. If there’s an opportunity to free capital to improve the roster in other ways, it makes sense to pursue. But it’s also possible to imagine Smith and/or Davis being cashed in for prospects instead, so it’s important to consider that opportunity cost in assessing the possibilities.
Brewers Willing To Listen On Josh Hader Trade
Brewers’ star reliever Josh Hader is “available” in trade, reports the Athletic’s Ken Rosenthal. While Rosenthal indicates that no deal is close, Hader’s inclusion on the trade market could make for one of the more fascinating storylines of the coming months.
The 25-year-old southpaw has emerged as perhaps the best reliever in baseball since making his MLB debut in 2017. For his career, Hader has tossed 204.2 relief innings with a 2.42 ERA and an otherworldly 44.6% strikeout rate. Working without a set role and capable of handling multiple innings in an outing, Hader has exceeded 75 innings each of the last two seasons, all the while recording dominant strikeout numbers.
If there’s a blemish on Hader’s resume, he was a bit home run prone in 2019. He was hardly unique in that regard, of course, but Hader’s 15 home runs allowed pushed his ERA to a career-worst (albeit still stellar) 2.62. That’s not to diminish, though, just how dominant Hader has been. His 47.8% strikeout rate last year was easily the league’s best (minimum 50 innings); the 6.1 percentage point gap between Hader and second-place Nick Anderson equaled the gap between Anderson and fifteenth-place Chris Sale.
Why would the Brewers consider moving Hader coming off back-to-back playoff berths of which he was an integral part? Rosenthal argues it’s simply the nature of being a low payroll organization; the front office can never afford to completely shut itself out from any opportunity. That’s not to say Hader’s priced himself out of Milwaukee. Hader qualified for Super Two and is projected for an extremely affordable $4.6MM salary, although Rosenthal notes that Hader’s reps at CAA figure to argue for something a bit greater based on Hader’s status as a player of “special accomplishment.”
Regardless of whether that argument proves successful, Hader certainly remains a bargain. He won’t be eligible for free agency until after the 2023 season. His employer, be it the Brewers or some eventual trade partner, wouldn’t be committed to any long-term expenditure if he were to regress and/or suffer an injury. Perhaps no reliever in history can boast of Hader’s recent combination of dominance and volume.
One speculative target whom Rosenthal points to is the Mets, although he adds it’s unclear if New York and Milwaukee have actually discussed a Hader trade. New York is certainly on the hunt for bullpen help, and Mets’ GM Brodie Van Wagenen co-represented Hader at CAA before taking over in Flushing. As Rosenthal notes, Van Wagenen has shown an affinity for pursuing his former clients in trade and/or free agency. While the Mets’ farm system has been depleted in recent months (most notably when Van Wagenen parted with Jarred Kelenic and Justin Dunn to bring in former client Robinson Canó), Rosenthal speculates that New York could move pieces directly off its big league roster to facilitate a deal.
That said, virtually every present contender- or team angling towards contention in the near future- figures to have some level of interest in Hader. He’s affordable enough to fit into any team’s budget, and he would be the biggest weapon in essentially any bullpen he’s part of. As Rosenthal notes, some clubs could have concerns that Hader’s unconventionally high volume might eventually catch up with him. To this point, though, Hader’s shown no sign of letting up. Any slight downturn in performance in 2019 can be explained by the liveliness of the baseball, and he’s never had a stint on the injured list.
With all the appeals in Hader’s profile, Milwaukee has little urgency to make a move. If no one meets their exorbitant asking price, the Brewers could certainly bring Hader back and hope for similar dominance moving forward. Listening to offers is hardly the same as aggressively shopping a player. Perhaps nothing will come together in the long run.
Yet Hader’s situation will be fascinating to follow. With free agency starved for relievers, teams set on acquiring one with a high-end track record will have to work the trade market. No one can quite match the track record Hader’s put together over the past few seasons, setting the stage for a potential blockbuster.
NL Notes: Diamondbacks, Vogt, Padres, Mets
The Diamondbacks‘ behind-the-plate combination of Carson Kelly and Alex Avila‘s was one of the National League’s best in 2019, from an offensive standpoint. The two combined for 27 homers last year, with Kelly’s 108 wRC+ falling fourth among NL backstops. The club doubled down on an offense-first approach at catcher when it signed Stephen Vogt to a one-year, $3MM deal with a 2021 vesting option earlier this week, posits Zach Buchanan of The Athletic.
In acquiring Vogt, Buchanan argues that executive Mike Hazen essentially secured Avila-plus; both players are left-handed, veteran sluggers, but Vogt performed at a higher level in 2019 and swings at a higher launch angle than the 32-year-old Avila (a feature which figures to play well at Arizona’s Chase Field). With catcher defense front-and-center for many front offices, going bat-first at backstop certainly represents an against-the-grain strategy for Arizona’s front office.
More items from around the NL…
- It’s been an offseason of change in San Diego, with new manager Jayce Tingler taking the reins after a four-year stretch of losing seasons under Andy Green. We’ve also seen former Yankees pitching coach Larry Rothschild take over for longtime Padres fixture Darren Balsley, and a few of Manny Machado‘s old friends from Baltimore have been brought in to provide additional coaching help. Rothschild has now settled on Ben Fritz as the club’s new bullpen coach, according to Kevin Acee of the San Diego Union-Tribune, although a new hitting coach has yet to be identified. Damian Easley, who has already been working with the club’s infielders, remains a possibility for that role. Acee also relays that Rod Barajas, who served as the club’s interim manager after Green’s mid-season exit, will be redirected to another role in the organization after being passed over for the role of skipper.
- Tim Britton of The Athletic tracks payroll trends surrounding the Mets over the last decade, with his analysis resting largely on info culled from Baseball Prospectus’ Cot’s On Contracts. Though perhaps unsurprising to most faithful followers of the team, Britton notes that New York has enacted the lowest percentage increase in total payroll among all teams in this decade. While total MLB revenue has risen nearly 50 percent in the last ten years, the Mets have not kept pace with other big-market spenders (New York was third in payroll over the course of the aughts, but spent the majority of this decade outside the top ten in payroll spending). Still, it’s important to emphasize that the Mets’ payroll is trending up of late, with GM Brodie Van Wagenen denying to speak unequivocally about a potential approach to the $208MM CBT line.
Starling Marte Open To Being Traded To Contending Team
With the Pirates coming off a disappointing season and new general manager Ben Cherington now in charge of the organization, there has been wide speculation that a rebuild could be coming in Pittsburgh. This would naturally make Starling Marte into a trade candidate, and the center fielder indicated in a conversation with Hector Gomez of Deportivo Z 101 (Twitter links) that he wants to be play for a winning team in 2020, in Pittsburgh or elsewhere.
The Pirates “have the power to decide about my future,” Marte said. “If it was for me I will leave for a team that is ready to compete right now on a World Series and that’s not our case.” When asked specifically about the Mets, who have a need in center field and have already reportedly shown interest in Marte’s services, Marte said that “it will be an honor to play with them,” since New York is more poised to contend next season.
It should be noted that these comments fall short of any actual trade request; needless to say, virtually every player would prefer to player for a contender, all things considered. Marte doesn’t appear to have any hard feelings about the Pirates or his situation, noting that “if it [a trade] doesn’t happen, I will keep working hard and giving my team all I have.”
Marte is under team control for the next two seasons, earning $11.5MM in 2020 and possibly $12.5MM via a club option for 2021 (with a $1MM buyout). This counts as pricey by the Pirates’ standards, especially for a team that may be retooling. The newly-hired Cherington has yet to give any firm indication about the Bucs’ next direction, and given how it often takes a new GM some weeks or months to fully adjust to a new position (meeting with internal personnel, making new hires, etc.), decisions about Marte, Josh Bell, Gregory Polanco, or other potential trade chips might not be made until later in the offseason.
If the Mets are set on Marte, they have some room to be patient, as the club does have Michael Conforto and Brandon Nimmo available as center field options if a proper full-time center fielder can’t be found. Beyond just New York, other teams could be content to play the waiting game if the Pirates need time to decide on Marte, given the lack of clear-cut options in the center field free agent market.
NL East Notes: Harrison, Braves, Nationals
Josh Harrison received interest from multiple teams before signing his minor league deal with the Phillies yesterday, and MLB Network’s Jon Heyman reports (Twitter link) that the Mets were the runners-up in the race for the veteran infielder. Given that Cesar Hernandez has been widely tabbed as a non-tender candidate, Harrison would seemingly have a smoother path to possible playing time at second base in Philadelphia, whereas Robinson Cano, Jeff McNeil, and Jed Lowrie could all be ahead of Harrison on the depth chart in Queens. Despite the seeming glut of infield talent, it isn’t surprising that the Mets were on the lookout for more depth given that Cano battled both injuries and a downturn in performance in 2019, while Lowrie spent most of the year on the injured list.
More from around the NL East….
- While the Braves have been the winter’s busiest team thus far, their “offseason will rise/fall on [Josh] Donaldson’s decision,” Mark Bradley of the Atlanta Journal-Constitution opines. Missing out on Donaldson would leave the team with a big hole in the lineup, and one that couldn’t be entirely filled by another third base addition like Mike Moustakas. As Bradley puts it, “Moustakas is a good player. Donaldson and [Anthony] Rendon are great players.” This take is perhaps rather dismissive of Moustakas’ abilities, as while Donaldson is the better player, there is some upside to inking a lesser third base option — for instance, Atlanta could sign Moustakas and a starting pitcher for the same price it would take to land just Donaldson. While it remains to be seen if Donaldson will be re-signed, Bradley notes that the Braves’ early flurry of signings has quieted some critics who felt the team wasn’t prepared to spend to reinforce its NL East-winning roster.
- The Braves‘ quick pace wasn’t by design, however, as GM Alex Anthopoulos tells The Athletic’s Jayson Stark (subscription required). “I’m not in a position to forecast what the rest of our offseason is going to look like because what we’ve done so far was really just circumstance. It just happened to come together the way it did,” Anthopoulos said, noting that the deals with Chris Martin, Darren O’Day, Nick Markakis, and Tyler Flowers were aided by the fact that all four players were already with Atlanta in 2019. As a result, Stark writes that fans might be disappointed if they think Atlanta’s moves or the White Sox moving quickly to sign Yasmani Grandal could signal a busier hot stove season for all 30 teams rather than the slow-moving winters of the last two years.
- Relief pitching looks to be a clear need for the Nationals this offseason…or is it? As Jesse Dougherty of the Washington Post observes, the Nats’ early acquisitions of Trevor Rosenthal and Kyle Barraclough last winter ended up as disasters, and the club ended up more or less entirely remaking their bullpen by season’s end. With this in mind, the Nationals might aim lower in picking up any new relievers this offseason because, since relief pitching performance is so hard to predict from year to year, the club might prefer to save such acquisitions for closer to the trade deadline. GM Mike Rizzo “prefers to assess relievers in-season, with fresh data and video to parse through,” Dougherty writes.
Mets To Hire Jeremy Hefner As Pitching Coach
NOVEMBER 27: Hefner and the Mets are in agreement on a deal, per Heyman (Twitter link).
NOVEMBER 26: Twins assistant pitching coach Jeremy Hefner “is the Mets’ choice” to be their new pitching coach, MLB Network’s Jon Heyman tweets. SNY’s Andy Martino tweets that the deal isn’t quite yet finalized but could be by next week. If and when a deal is complete, Hefner will replace interim pitching coach Phil Regan, who stepped up when the club parted ways with veteran coach Dave Eiland back in June.
Hefner, still just 33 years old, pitched for the Mets as recently as 2012-13 but called his playing career quits after a 2016 run with the Cardinals’ Triple-A affiliate. He joined the Twins the following season as an advance scout. Hefner held that role for two seasons in Minnesota, helping to establish game plans for pitchers, devise defensive shifts and also use his experience as a recently retired player to best boil down data from the team’s analytics department for the players and coaching staff. Minnesota made Hefner its assistant pitching coach for the 2019 campaign, and that marks his lone season of experience on a Major League coaching staff to date.
Still, Hefner has been viewed as a rising star in the coaching ranks since latching on with the Twins and will seemingly get his first look at a top coaching spot with the only team for which he ever pitched at the MLB level. Hefner’s embracing of newer data and his recent experience as a player has become an increasingly desirable skill set for clubs both in terms of managerial and coaching searches.
Assuming the agreement does indeed go through, Hefner will be the second member of the Twins coaching staff to be hired away by another club this winter. Hitting coach James Rowson has already been plucked away by Miami, and it’s still possible that bench coach Derek Shelton could be hired as the next manager of the Pirates. Minnesota elevated an internal replacement, Edgar Varela, for Rowson yesterday.
MLB.com’s Anthony DiComo writes that the Mets plan to formally announce their new-look coaching staff all at once — perhaps sometime next week.
Latest On Mets’ Pitching Coach Vacancy
MONDAY: Patterson’s no longer a candidate for the position, according to Andy Martino of SNY. Hefner, on the other hand, “
SUNDAY: The Mets have interviewed A’s minor league pitching coordinator Gil Patterson for their pitching coach position, reports ESPN’s Buster Olney. It isn’t clear from the report, however, when Patterson’s interview took place or if he remains in the running.
Patterson recently wrapped up the fourth year of his third separate stint working with A’s farmhands. From 2013-15, he held a similar role with the Yankees, with whom he pitched his only ten MLB games in 1977. Patterson didn’t have a lengthy MLB playing career, but he’s worked in assorted pitching development roles over the past three decades. In addition to his time with the A’s and Yankees, Patterson has coached for the Diamondbacks and Blue Jays in his career, logging three seasons (2002-04) as Toronto’s pitching coach.
Patterson becomes the fourth known candidate for the Mets’ pitching coach job. Brewers’ bullpen coach Steve Karsay, Twins’ assistant pitching coach Jeremy Hefner, and University of Michigan pitching coach Chris Fetter have previously been tied to the role. In other Mets’ news, the club seems likely to bring in veteran coach Hensley Meulens as Carlos Beltrán’s bench coach.
MLBTR Poll: Starling Marte’s Future
The Mets are showing interest in acquiring Starling Marte, per MLB Network’s Jon Heyman. Marte, who owns a career slash line of .287/.341/.452 across 8 seasons, is currently under contract with the Pirates for $11.5MM in 2020 with an exceedingly affordable club option for $12.5MM in 2021.
New Pirates GM Ben Cherington has barely had time to take his coat off, but given the executive’s stated preference to steer an organization through a ground-up rebuilding effort, resolving the future of his 31-year-old face of the franchise is likely high up on Cherington’s to-do list. That said, Marte’s contract, position, and production puts him among the Pirates’ most valuable trade chips. Therefore, Cherington is unlikely to execute a trade without a full organizational plan in place. The Pirates may prefer to tab a field manager before moving any of their key player. On the other hand, Cherington was said to have free rein when it comes to roster construction.
In theory, it makes sense to move Marte now while two years of team control remain (though the Pirates are particularly and understandably sensitive to the plight of their fanbase, who has seen more than their share of homegrown superstars leave town over the years). Still, the hiring of Cherington may point toward another Pittsburgh teardown, and a Marte trade is probably Cherington’s best, first opportunity to put his stamp on the organization. Cherington could aim to restock the farm with a handpicked package of prospects deemed as good fits for his development program.
If indeed Cherington does make Marte available, the Mets are an obvious fit. Given the dearth of centerfield options on the free agent market, it would be unsurprising for the Cubs, Reds, Padres, Diamondbacks, Phillies or Rangers to check on the price of a Marte acquisition as well. The potential demand bodes well for the Pirates, who are unlikely to emerge as contenders before Marte’s contract runs out. The NL Central may not have a consensus favorite at the moment, but the Reds continue to push for contention, and the Cardinals, Brewers, and Cubs are also good best to land on the competitive end of the talent spectrum.
Nearly 62 percent of MLBTR readers recently suggested the Pirates would be better off trading 2019 breakout star Josh Bell, and given Bell’s youth relative to Marte, let’s assume most of you feel the same about him. If nothing else, we can probably agree that the Pirates should at least explore trading Marte. So where should Cherington look to procure the best package of prospects? This, of course, takes into consideration the urgency of the acquiring team as well as the value of their farm systems – as well as, potentially, the likelihood of consummating a deal. Understanding that I’ve certainly left a prime contender or two off this list, in your estimation, who should Cherington call first? We know the Mets are interested, but is there a better fit beyond New York?
To get yourself in a Pittsburgh state of mind before casting your vote, check out the Pirates’ Offseason Outlook from MLBTR’s Steve Adams.
(Poll link for app users)
If you were the Pirates GM, and you wanted to trade Starling Marte: who is your first call?
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Mets 26% (3,442)
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Padres 17% (2,176)
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White Sox 10% (1,382)
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Don't trade him! 7% (982)
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Other 7% (961)
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Phillies 6% (812)
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Blue Jays 5% (714)
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Reds 5% (630)
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Cubs 4% (588)
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Red Sox 4% (468)
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Giants 3% (447)
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Rangers 3% (356)
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Diamondbacks 2% (213)
Total votes: 13,171
Hensley Meulens “Strong Frontrunner” To Be Mets’ Bench Coach
Hensley Meulens is a “strong frontrunner” to become the next bench coach for the New York Mets, though the team is not confirming any new hire decisions at this time, tweets Andy Martino of the SNY Network. Jennifer Mercedes of La Vida Baseball (via Twitter) is hearing that the Mets and their newly-hired manager Carlos Beltran are ready to tab Meulens in the role now. This level of scuttlebutt often leads to an announcement from the team, though Martino suggests nothing official is imminent.
Meulens has made the rounds the past couple of seasons as a new manager candidate, and he would come to New York highly-regarded after a defining career on the coaching staff of the San Francisco Giants. He spent the past two seasons in the same role he’ll potentially man in New York, serving as bench coach to Bruce Bochy. He was Bochy’s hitting coach from 2010 to 2017, during which time the Giants won three championships. Beltran, of course, crossed paths with Meulens during his short stint in a Giants uniform in the 2011 season.
The Marlins reportedly offered Meulens a role on Don Mattingly’s staff, with whom Meulens was a teammate for parts of five seasons from 1989 to 1993 as a player with the New York Yankees. Meulens was also in conversation with the Giants about their open managerial position before being informed recently that he was no longer in the running.
Joey Cora, Fredi Gonzalez, Jerry Narron, and Terry Collins have also been named at various times as potential candidates to assume the role of Beltran’s right-hand man. Meulens has less managerial experience than some of the other candidates listed, though he did manage the Netherlands in the World Baseball Classic in 2013 and 2017. Along with his many years under the leadership of Bochy, Meulens would presumably provide plenty of insight and guidance for the Mets’ rookie skipper.