Mets Rumors

Mets Sign Dale Thayer

By Dan Mennella | February 8, 2011 at 11:07pm CDT

The Mets have signed right-hander Dale Thayer to a minor league contract, tweets Jon Paul Morosi of FOXSports.com, and the deal does not include an invitation to Major League camp in Spring Training.

Thayer, 30, pitched in one game for the Rays in 2010, and has a career ERA of 7.47 in the big leagues in 12 appearances.

Thayer was signed by the Padres as an amateur free agent in 2002 and dealt to the Rays in September 2006 as part of the swap that sent Russell Branyan from Tampa Bay to San Diego.

New York Notes: Aceves, C.C., Emaus, Martin

By Dan Mennella | February 8, 2011 at 10:04pm CDT

Alfredo Aceves' signing seems like just the latest wrinkle in a long line of them in the Red Sox-Yankees rivalry, but the Mets had a stake in that deal, too. Here's more on that and some other items of note coming out of the Big Apple on Tuesday …

The Mets, like the Red Sox, offered Aceves a Major League contract, tweets Jon Heyman of SI.com, but the right-hander preferred to play for Boston. The Mets were disappointed to miss out on Aceves, Heyman tweets, and understandably so, as Aceves would have been another decent addition for a team that entered the offseason on a tight budget. Interestingly, Aceves is reportedly throwing in bullpen sessions, which is further along than the Yankees anticipated he'd be at this juncture, tweets Marc Carig of the Star-Ledger. One has to wonder whether the new timetable would have influenced the Yanks' decision to non-tender Aceves in December.
Yankees ace C.C. Sabathia has shed 30 pounds this offseason in an effort to reduce the load on his surgically repaired right knee, according to Buster Olney of ESPN.com. Typically, we don't get too excited over this sort of Spring Training cliche, as we're bound to hear quite a bit about who's in shape and who's not over the next couple weeks, but 30 pounds is a lot of weight, and we're especially mindful of the opt-out clause in Sabathia's contract after the 2011 campaign. If he's healthy and has a big season, Sabathia could be in for another big payday next offseason.
Mets second baseman Brad Emaus, a Rule 5 draftee, has a good chance of making the Mets' Opening Day roster as either their starting second baseman or in a platoon/utility role with Daniel Murphy, writes Adam Rubin of ESPNNewYork.com. To that end, Rubin notes it's now "widely expected" that Oliver Perez and Luis Castillo will both be "jettisoned" before Opening Day.
Yankees catcher Russell Martin is not 100 percent recovered from the right knee surgery he underwent in December, writes Bryan Hoch of MLB.com, but the Bombers' backstop expects to be ready by Opening Day. The Yankees are known to have exceptional depth at catcher with Jorge Posada, Francisco Cervelli, Jesus Montero and Austin Romine, so they probably won't have to range outside the organization in the event that Martin isn't fully healthy after Spring Training.
Mets shortstop Jose Reyes feels sorry for the Wilpons on account of their financial plight, tweets Peter Botte of the New York Daily News, but he's not concerned about his contract status and is ready to "play baseball and see what happens." Reyes, a free agent after this season, also said that he feels as good as he's felt in the past two years and is expecting a big season, tweets Botte.

ESPN Links: Wright, Dodgers, Papelbon

By Mike Axisa | February 7, 2011 at 10:54pm CDT

On this date five years ago, the Dodgers signed Japanese veteran Takashi Saito to a minor league contract that paid him just $500K in the big leagues. Saito, then 36, seized the team's closer role by mid-May, and in three years with the Dodgers he pitched to a 1.95 ERA with 11.6 K/9 and 2.5 BB/9 in 189 2/3 innings.

Here's some notes from the worldwide leader…

ESPN's Jerry Crasnick graded the offseason of the five AL Central clubs, giving the Tigers a B+ for their additions of Victor Martinez, Joaquin Benoit, and Brad Penny. Indians' fans, I'm sorry to say your team received a D.
David Wright told ESPN's Jayson Stark that he believes his Mets teammates will be impacted by a lawsuit seeking $1B from ownership. "When something is going on with them, of course it's going trickle down," said Wright. "You have to understand that unfortunately there's some great parts about this business and there's some situations like this." Make sure you check out Howard Megdal's simple guide to the Madoff/Wilpon mess.
Dodgers GM Ned Colletti spoke to Jon Weisman of ESPN Los Angeles about a variety of topics, including closer Jonathan Broxton and the team's outfield situation. I recently identified Broxton as a player entering a make or break year.
ESPN Boston's Gordon Edes spoke to Red Sox closer Jonathan Papelbon, who said he's comfortable with his role on the team. The Sox imported Bobby Jenks this offseason, and it's been speculated that he could replace Papelbon if he struggles.

The Madoff/Wilpon Mess: A Simple Guide

By Howard Megdal | February 7, 2011 at 10:22am CDT

Maybe you're wondering: why do I need to follow the lawsuit by Irving Picard, trustee for Bernie Madoff victims, against Fred Wilpon and his business partners, who own the New York Mets? Regardless of the outcome, will Luis Castillo hit any better? Will Oliver Perez pitch any better? Will Johan Santana heal any better?

The answer to all three questions is, sadly, no. But the ramifications of the suit, unsealed last Friday, will impact the way the Mets are run for years to come, whether Fred Wilpon is forced to take on a minority owner, sell the entire team, or spend the upcoming months (and possibly years) in litigation.

The Mets' ownership group is being sued for $300MM in fictitious profits, along with another $700MM in damages, for their connection to the Ponzi scheme operated by Bernie Madoff. The impact on the franchise is likely to be immense. Here's what you need to know about the current circumstances:

Fred and Jeff Wilpon said late last month that they would sell 20-25% of the team to guard against any potential Madoff settlement. Since then, settlement talks have broken down, leading to the unsealing of the lawsuit last week.
Picard is seeking $300MM in fictitious profits from Wilpon and his business partners. In addition, Picard seeks an unspecificied amount beyond that (the New York Times reports it "could reach beyond $1 billion") alleging that Wilpon should have known or suspected Madoff's scheme.
The standard by which Picard arrived at the $300MM is pretty common in these cases- fictitious profits are distributed to those who lost money in Ponzi schemes, scams where new backers are consistently recruited to pay off old investors. For the Wilpons to incur losses above $300MM, Picard's standard will be to prove that a "reasonable man" would have suspected something was amiss regarding Madoff's scheme, and alleges numerous instances of the Fred Wilpon and his partner/brother-in-law Saul Katz receiving warnings from both business partners and Katz's own son.
It isn't clear how Wilpon would raise anything approaching even the initial $300MM from a minority sale of the Mets. Forbes valued the team at $845MM in April 2010, but Wilpon has borrowed heavily against the team. Forbes reported this week that the combined book value of the Mets and Citi Field, including debt, is negative $225MM, though Adam Rubin of ESPN New York has cast doubt on that figure. That was before the Mets were named specifically in Picard's suit, giving the team even more potential liability.
Even if someone would pay a premium to own the Mets outright, it is far less clear that someone will pay that same premium for a minority stake and no authority. In other words, a 25 percent stake in the Mets is worth $211.25MM as per April 2010, absent any of the debt or other mitigating factors, and assuming that a 25 percent stake (minority) is actually worth one quarter of 100 percent stake (majority). (It isn't.) Obviously, with all the mitigating factors, 25 percent of the Mets isn't worth close to $211.25MM – which is, itself, far less than the $300MM Picard is likeliest to recover.
SNY is enormously profitable, and would earn a decent amount in a straight sale. However, Wilpon and his partners have borrowed against SNY as well, diluting the value. And far more ominously, the New York Post reported this week that any proceeds from a sale of SNY would be distributed to those lenders. In other words, when Jeff Wilpon described SNY as wholly separate from any sale of the Mets last Friday, he may not have been making a choice.
At the end of the day, no one knows what the maximum amount of money Fred Wilpon and his partners can raise without selling a majority stake in the New York Mets. But there is a number, X, and as long as Picard's settlement would be higher than X, Wilpon will face the choice between fighting in court and losing his team.
It may well be that there is a certain amount of money Wilpon needs to raise to avoid bankruptcy, even including a full sale of the team. If we call that Y, and Picard's settlement would be higher than Y, Wilpon has even greater reason to fight this in court, hoping a judge sees things his way.
Either way, the longer Wilpon doesn't settle, the likelier it is that one of these two scenarios has come to pass. The results would be disastrous for the New York Mets. With cases such as these often taking a year or more, Mets ownership could be in the midst of this battle next November, just as Albert Pujols and Jose Reyes are scheduled to hit free agency.

Quick Hits: Diamondbacks, Guerrero, Marcum, Pence

By Luke Adams 2 | February 6, 2011 at 8:49pm CDT

Football will dominate today's sports headlines, but ESPN.com's Jayson Stark tweets some good news for baseball fans – Super Sunday also represents the start of the last week without baseball until November! Here are today's links, as the Packers and Steelers prepare to square off in Texas….

The Diamondbacks could hit it big in the draft this year, a rival scout tells Nick Piecoro of The Arizona Republic. Arizona will hold the No. 3 and No. 7 picks this June.
It's time to give Peter Angelos and the Orioles credit for signing Vladimir Guerrero, writes Kevin Cowherd of The Baltimore Sun. The big ticket signing is the latest move made by the O's who will see their payroll jump from $73MM in 2010 to $93MM in 2011.
Francisco Liriano's $4.3MM salary could impact the Brewers' negotiations with Shaun Marcum, writes MLB.com's Adam McCalvy. Both pitchers submitted a $5MM figure. Milwaukee countered with $3MM while the Twins offered Liriano $3.6MM before settling on a $4.3MM mark last week.
An arbitration hearing for Hunter Pence and the Astros has been set for February 18th, reports Stephen Goff of the Houston Astros Examiner. As MLBTR's Arbitration Tracker shows, Pence is Houston's last remaining case, and the two sides' figures are $1.75MM apart.
Within a piece on the Rays' bullpen, Roger Mooney of the Tampa Tribune writes that the team is waiting until early this week to make roster moves to free room on the 40-man roster for Johnny Damon and Manny Ramirez.
The Yankees' hunt for starting pitching and the Mets' financial issues will get more attention, but Joel Sherman of the New York Post thinks the more intriguing stories in New York involve the futures of the two starting shortstops.
John Fay of the Cincinnati Enquirer previews some storylines and poses some questions for the Reds as they prepare for the season.

Cafardo’s Latest: Pettitte, Millwood, Blanton

By Luke Adams 2 | February 6, 2011 at 9:04am CDT

Even now that Andy Pettitte has announced his retirement, it seems the debate over whether he'll pitch again won't die. Nick Cafardo of the Boston Globe talked to one scout who, following Pettitte's press conference, was still unconvinced the left-hander is done for good.

"I get the feeling his career isn’t over. For one, he can still pitch at a high level. Secondly, he didn’t retire with any conviction. The stuff about going back and forth on whether or not to pitch leads me to believe he’ll decide to pitch again."

Whether or not the scout is on to something, the Yankees are looking elsewhere for starting pitching. Cafardo has a couple notes on their search among this week's hot stove updates….

We heard yesterday that the Indians were "making progress" with Kevin Millwood, who is talking to multiple clubs. Cafardo names the Yankees, Mets, and Tribe as teams still in on the right-hander, with salary as the primary hang-up. Given Scott Boras' success so far this offseason, it would actually be somewhat surprising if he and Millwood don't eventually get what they're asking for.
The Yanks will "see what they have" with pitchers like Freddy Garcia, Bartolo Colon, and Sergio Mitre before they consider trading for someone like Joe Blanton.
The Red Sox are eyeing former Yankee Alfredo Aceves as a potential injury rehab project.
According to Cafardo, it would be the "shock of the century" if Adrian Gonzalez and the Red Sox don't come to terms on a contract extension by the end of Spring Training.

Mets Notes: Reyes, Alderson, Perez, Castillo

By Dan Mennella | February 3, 2011 at 6:09pm CDT

Here are a few Mets items of note, as the Wilpons' lawsuit drama continues to unfold …

The Mets plan to let Jose Reyes play out the entire 2011 season to see if he can stay healthy before deciding whether they should re-sign him, tweets Jon Heyman of SI.com. Reyes, 28 in June, is an All-Star caliber shortstop when healthy (career line of .286/.335/.434), but he played in just 36 games in 2009 and was limited to 133 games last season due to a variety of injuries. The Mets picked up Reyes' $11MM option for 2011 earlier this offseason.
GM Sandy Alderson is maintaining that the Mets' baseball operations have not been hamstrung by the Wilpons' murky financial standing, writes Joel Sherman of the New York Post, but the true test of that will be in the following months, when the team navigates the draft and the non-waiver trade deadline in July. Sherman wonders, will the Mets spend big on the 13th pick and in the international free-agent pool? If they're in contention, will they have the financial flexibility to add a pricey player? If they're out of contention, will they try to offload the big contracts of Carlos Beltran and Francisco Rodriguez?
With the Mets mired in a cycle of bad publicity due to the Madoff scandal, Luis Castillo and Oliver Perez (particularly the latter) might be released in hopes of appeasing an angry fan base, writes Steve Popper of the Bergen Record. Alderson told Popper that new manager Terry Collins won't tolerate the "conduct that has existed in the past," and that the Mets and their players have a "responsibility to the fans."

NL Notes: Mets, Martis, Loney, D’Backs

By Mark Polishuk | February 2, 2011 at 8:20pm CDT

Hall-of-Famer and Cardinals legend Red Schoendienst celebrates his 88th birthday today. Let's celebrate by looking at some news from the league where Schoendienst spent his entire 33-year career as a player and manager.

The Mets want to find a new minority owner by June, reports The Wall Street Journal's Matthew Futterman, Michael Rothfeld and Chad Bray. If the Wilpons can't sell a minority share of just the club, Futterman, Rothfeld and Brian Costa report that the Mets ownership group could look to add a share of the SNY cable network to the sale "if and when it became a necessity." Jeff Wilpon said last week that SNY wasn't for sale.
Mark Cuban tells Newsday's Barbara Barker that after failed attempts to buy the Cubs and Rangers, he won't pursue another baseball ownership opportunity unless he's approached. Cuban thinks the Mets are "a great opportunity, but I'm not going to call their investment banker." Cuban also said it's "very unlikely" he would settle for a minority share in a franchise unless he was given the first chance at buying a majority share in the future.
Shairon Martis has cleared waivers and been outrighted to the Nationals' Triple-A affiliate, reports the team's official Twitter feed. Martis was designated for assignment by Washington on January 24.
James Loney and the Dodgers "don't appear close to a settlement" of Loney's arbitration case, reports ESPNLosAngeles.com's Tony Jackson. Loney is L.A.'s last arb-eligible player, now that Hong-Chih Kuo has come to an agreement with the club. You can keep track of all the outstanding and settled arbitration cases at the MLBTR ArbTracker.
Joe Pawlikowski of Fangraphs looks at what the Diamondbacks have done to remake their bullpen after last year's disastrous performance.

New York Notes: Beltran, Garcia, Pettitte

By Ben Nicholson-Smith | February 2, 2011 at 10:17am CDT

The Angels considered the possibility of trading for Carlos Beltran before they acquired Vernon Wells from the Blue Jays, according to Joel Sherman of the New York Post. Here are the details on the Angels' interest in Beltran and other notes from New York City:

Sherman hears that the Mets and Angels discussed Beltran, but the Angels preferred Wells despite the $86MM remaining on his contract. The Angels had more confidence in Wells' health and defense.
Yankees GM Brian Cashman tells Sherman that he doesn't want to have to rely on pitching prospects Manuel Banuelos and Dellin Betances in the majors this season. “They shouldn’t be caught up in our major league problems,” Cashman said. But as Sherman points out, the Yankees have summoned prospects like Phil Hughes to the majors earlier than expected; once the season starts, it's tough to predict what will happen.
In conversations with Yankees people, Sherman never got the impression that they liked Freddy Garcia that much. The team agreed to a minor league deal with Garcia Monday.
There's "a pretty good likelihood" that Andy Pettitte returns and the Yankees trade for a starter during Spring Training, Sherman writes.

Olney On Maholm, Carmona, Alderson

By Ben Nicholson-Smith | February 2, 2011 at 9:08am CDT

Spring Training hasn't begun yet, but ESPN.com's Buster Olney gets a head start on the summer's trade rumors by listing some pitchers who could be available this July. James Shields, Joe Blanton and Edwin Jackson are possible trade candidates, but as Olney points out, it's entirely possible that those starters won't be available and others will be on the block. Here are the details:

The perception around the league is that the Pirates have been willing to talk about trading Paul Maholm. The left-hander is likely a year away from free agency, so the Pirates could shop him if they aren't interested in keeping him. Maholm earns $5.75MM this year and after the season the Pirates can exercise a $9.75MM buyout for 2012 or pay a $750K buyout.
Fausto Carmona is "going to draw a lot of interest," but the Indians would ask for top prospects in exchange for Carmona who is young (27) and signed to a team-friendly contract.
Justin Masterson will "continue to draw interest because of his past success and his versatility," Olney writes.
Olney guesses that Mets GM Sandy Alderson would prefer not to talk to the Wilpons about their financial situation. By avoiding those conversations, Alderson can focus on baseball and avoid being drawn into a legal case.

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