Dan Connolly
@danconnolly2016
·
1m
Source confirming Orioles have received four right-handed pitchers for Bundy: Isaac Mattson, Zach Peek, Kyle Bradish and Kyle Brnovich.
@Ken_Rosenthal
had trade first.
@JeffPassan
had more details.
Mike Puma
@NYPost_Mets
·
1m
A person who is friends with the Mets' new perspective owner in five years, Steve Cohen, says Cohen "will play the game at the highest level" in regards to spending on players.
arrangement where Wang stayed on for several years before Ledecky and Malkin took full control but they started spending more money almost right away.
I would be floored if the Wilpons weren't pushed to have to make this decision because of outstanding obligations to the point where they didn't have a choice in the matter.
Cohen is no angel and probably got off very lucky on the insider trading thing but from a mets organization standpoint beggars cant be choosers unless we want to see Syndergaard in pinstripes or Philly.
arrangement where Wang stayed on for several years before Ledecky and Malkin took full control but they started spending more money almost right away.
I would be floored if the Wilpons weren't pushed to have to make this decision because of outstanding obligations to the point where they didn't have a choice in the matter.
Cohen is no angel and probably got off very lucky on the insider trading thing but from a mets organization standpoint beggars cant be choosers unless we want to see Syndergaard in pinstripes or Philly.
Clearly the 2020 payroll isn't going to go up based on this. Who knows beyond that?
before there's any impact but once the transaction becomes official hopefully we see things.
Charles Wang sold a minority interest in the Isles in 2014 with plans to fully transition ownership in 2 years (which happened in 2016).
The Islanders 2013-2014 roster was 2nd to last in the NHL and using gimmicks to just get above the cap floor like trading for players who never even played for them just to have their unpaid salary on the books. As it had been for 3+ decades.
In 2014-15 they shot up to 17th and 2015-16 they shot up to the 8th highest payroll but like almost every other team trying to compete they actually spent to the cap for the first time in decades.
The new owners weren't approved as majority owners until June 2016 so that change happened prior.
Cohen already has a vested interest in the team so I highly doubt he's going to want to see his asset jeopardized by the exiting tenant.
Who bought the Islanders before Wang?
He scammed virtually everyone he came in contact with
Spanos (?) something like that, right?
Yup John Spano. Other than not actually, you know, having money, he had some interesting plans. He was going to make mega offers on both Foresberg and Sakic as RFAs to hopefully pry 1 from the Avs.
This is the Wilpons taking out yet another mortgage Â
Jon Heyman @JonHeyman
Steve Cohen is said to be buying about 80 percent of the Mets at a 2.6B valuation. Word is he started with 20 percent and will go soon to a majority stake. Fred Wilpon will be the official control person for 5 years, but not hard to imagine Cohen will have a big say very soon.
I am not sure that is necessarily the case. Clearly this will be an influx of capital and it wouldn’t shock me that ironing this out was a higher priority than getting wheeler signed, but who knows this could very well change trajectory in a more immediate way.
I am not sure that is necessarily the case. Clearly this will be an influx of capital and it wouldn’t shock me that ironing this out was a higher priority than getting wheeler signed, but who knows this could very well change trajectory in a more immediate way.
bhill,
this sale/sale discussion didn't just pop up. They have clearly been talking for a while and yet the Mets aren't taking meetings with ANY of the top FA's. Cohen wouldn't even be on board in time to impact payroll.
They can be all encompassing. Yes you obviously have to maintain day to day operations but everything is geared towards not screwing up EBITA. Obviously little more nuanced because he owned 4% and in theory would be privy to books in a much more intimate way but would not shock me at all if they knew they were selling there was a mandate to demonstrate maximum profit.
Not saying that this will impact this offseason or not, just merely saying that having clarity regarding finances could have an immediate impact.
RE: Having been part of several corporate MA deals Â
They can be all encompassing. Yes you obviously have to maintain day to day operations but everything is geared towards not screwing up EBITA. Obviously little more nuanced because he owned 4% and in theory would be privy to books in a much more intimate way but would not shock me at all if they knew they were selling there was a mandate to demonstrate maximum profit.
Not saying that this will impact this offseason or not, just merely saying that having clarity regarding finances could have an immediate impact.
If we know anything about the Wilpons maximizing their valuation was likely their top priority as they were finalizing this deal. Other than Fred maintaining the appearance of "control".
RE: RE: I mean... there might be a few things going on Â
Behind the scenes obviously but the Wilpons really haven’t meddled much since Sandy took over outside of maybe setting the payroll number.
Come on Z, there have been a multitude of stories that implied Jeff was overly involved in every aspect of the operational side. Many have speculated that is why he hired his golfing buddy as GM.
After 33 years of mostly ineptitude, I can hold on for 5 years. And maybe knowing most of it isn't their money, they'll open the purse strings a bit.
Im well aware of all the dumb shit the Wilpons have done and it reached its peak during the Minaya years IMO. But the very thing people are hoping Cohen does... "let baseball people run the baseball affairs" Is the exact same thing the Wilpons made a concerted effort to do under Sandy. Outside of an off color remark about Wright once, they really haven't been in the news for some time now like they used to be. Obviously, they are still the owners and things have been happening behind the scenes but the media and fan base haven't known much about it in some time. Shecky has spoken to this too.
Hey, after the Madoff mess, its been a slippery slope getting them up to where they've been spending again but there's no doubt having the richest owner in professional sports should help. Im ecstatic.
Sounds like Cohen will own 50% starting immediately Â
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
Thor, JDG, and Stroman should now be the top of the rotation for the foreseeable future (assuming Stroman pitches well enough that we want to keep him). And I highly doubt a legitimately run NY team lets a guy like Wheeler walk again.
Suddenly no more worries about Alonso's lost year of control, Conforto's upcoming FA, or resigning any homegrown stars we want.
Cano no longer matters. He'll get this year at 2B im sure, but if he doesn't produce this year he'll be jettisoned.
Hopefully there will be more Matthew Allen's and high profile IFA's in the future (and analytics investments, etc). Now an extra comp pick for next year.
As long as BVW learned from his Cano deal, it should never happen again. That move was made because it was deficit neutral - had he been able to just spend for a player in FA and eat Bruce's contract it's unlikely that whole deal would have come together (not to mention jeff wilpon's urging to do a big deal for his first one).
For the rest of this offseason I don't think much changes. Try to get a CF and a defensive backup C (ideally a young guy with some upside). Spend as much as possible on the BP. Sucks Hamels just signed, but a 1 or 2 year deal for a SP to replace Wheeler would be great. But i'd try not to put too much money into the future. Let Cespedes expire so we can spend real big going forward. If they decide to go for Rendon I won't complain though.
1 wild trade idea - Cespedes for David Price, Barnes, and JBJ, with the Red Sox kicking in money against Price's last 2 years. I know he's had injury issues but I've always liked Price and think he could be a real nice fill in for Wheeler.
is significantly better this year than next year. If I'm Cohen, I'm giving the Wilpons the cash now and grabbing Rendon. Go in with a splash.
Love Rendon but he's just not a fit for the team. McNeil's at 3B and we have a glut of players in CO. Spend the same money on Cole and improve the team tenfold on a real hole if you really want to go crazy IMO.
you think they are letting wilpon stay on longer so he could go out a winnner? that was my first reaction on the 5 year plan and the aggressive win now focus. They knew this was coming. I hope that the cash infusion is quick and plentiful. If he is anything like the axelrod character, I can totally see a big big splash
You think he might want to beef-up the analytics department? Â
Big data, meanwhile, is helping Point72 hit two birds, performance and compliance, with one stone. Cohen has been making pilgrimages to Silicon Valley, talking to startups that generate data that Point72 might use...
you think they are letting wilpon stay on longer so he could go out a winnner? that was my first reaction on the 5 year plan and the aggressive win now focus. They knew this was coming. I hope that the cash infusion is quick and plentiful. If he is anything like the axelrod character, I can totally see a big big splash
I mean just totally speculating... Yeah... I could see the Wilpons not wanting to see their baby go just yet... just as all its youth is coming into its own and they have the rookie of the year, a 2 time Cy Young winner, etc.. They have debt and loans... so maybe while all those are getting paid off it might be nice to try to win a WS with an infusion of new cash and then ride off in the sunset.. At least from their perspective.
But regardless of opinions flying wild in the media right now, I cant see Cohen doing this without having a major seat at the table day 1. He's going to have his voice heard and it will be felt immediately IMO. No swinging dick this big, who grew up a Mets fan no less, is bailing the Wilpons out (overpaying the appraised value as well!) to sit in a corner for the next 5 years and wait his turn. NO CHANCE.
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
The deal isn’t even final yet, and, even if it is, it should ‘bother the Yankees’? Seriously? LMAO. The Yankee complex is still alive and well.
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
The deal isn’t even final yet, and, even if it is, it should ‘bother the Yankees’? Seriously? LMAO. The Yankee complex is still alive and well.
You do realize the difference between a headline written by Joel Sherman and comments from met fans (who haven't even mentioned the yankees)?
I literally just did a search of the thread and the only person who typed the word 'yankee' is you other than it appearing in the URL of that article and quoted tweet.
But by all means, carry on browsing a met thread and accusing met fans of a complex...
RE: Nice to see that Yankee fans are still scanning Mets threads Â
Cohen is one of the world’s more famous art collectors, sometimes spending nine figures on a single work. In 2015, he spent $141.3 million on Alberto Giacometti’s “Pointing Man” sculpture — more money than the Mets have ever spent on an individual player’s contract.
@danconnolly2016
·
1m
Source confirming Orioles have received four right-handed pitchers for Bundy: Isaac Mattson, Zach Peek, Kyle Bradish and Kyle Brnovich.
@Ken_Rosenthal
had trade first.
@JeffPassan
had more details.
@NYPost_Mets
·
1m
A person who is friends with the Mets' new perspective owner in five years, Steve Cohen, says Cohen "will play the game at the highest level" in regards to spending on players.
I would be floored if the Wilpons weren't pushed to have to make this decision because of outstanding obligations to the point where they didn't have a choice in the matter.
Cohen is no angel and probably got off very lucky on the insider trading thing but from a mets organization standpoint beggars cant be choosers unless we want to see Syndergaard in pinstripes or Philly.
I would be floored if the Wilpons weren't pushed to have to make this decision because of outstanding obligations to the point where they didn't have a choice in the matter.
Cohen is no angel and probably got off very lucky on the insider trading thing but from a mets organization standpoint beggars cant be choosers unless we want to see Syndergaard in pinstripes or Philly.
Clearly the 2020 payroll isn't going to go up based on this. Who knows beyond that?
He scammed virtually everyone he came in contact with
So an awful bullpen again?
He scammed virtually everyone he came in contact with
Spanos (?) something like that, right?
Charles Wang sold a minority interest in the Isles in 2014 with plans to fully transition ownership in 2 years (which happened in 2016).
The Islanders 2013-2014 roster was 2nd to last in the NHL and using gimmicks to just get above the cap floor like trading for players who never even played for them just to have their unpaid salary on the books. As it had been for 3+ decades.
In 2014-15 they shot up to 17th and 2015-16 they shot up to the 8th highest payroll but like almost every other team trying to compete they actually spent to the cap for the first time in decades.
The new owners weren't approved as majority owners until June 2016 so that change happened prior.
Cohen already has a vested interest in the team so I highly doubt he's going to want to see his asset jeopardized by the exiting tenant.
Quote:
One more pitcher and lets go....
So an awful bullpen again?
and hope Familia and Diaz are better.
As my boss says "hope is not a strategy"
I'd honestly address the BP before a starter or CFer.
Quote:
Who bought the Islanders before Wang?
He scammed virtually everyone he came in contact with
Spanos (?) something like that, right?
John Spano. Great 30 for 30 on him
Quote:
Who bought the Islanders before Wang?
He scammed virtually everyone he came in contact with
Spanos (?) something like that, right?
Yup John Spano. Other than not actually, you know, having money, he had some interesting plans. He was going to make mega offers on both Foresberg and Sakic as RFAs to hopefully pry 1 from the Avs.
It could help the on field product in the short term if Jeffy gets to spend OPM instead of his own.
But I'm not sure that's the case. There is a probability all of the new money is already spent on the debt. We will see.
Steve Cohen is said to be buying about 80 percent of the Mets at a 2.6B valuation. Word is he started with 20 percent and will go soon to a majority stake. Fred Wilpon will be the official control person for 5 years, but not hard to imagine Cohen will have a big say very soon.
bhill,
this sale/sale discussion didn't just pop up. They have clearly been talking for a while and yet the Mets aren't taking meetings with ANY of the top FA's. Cohen wouldn't even be on board in time to impact payroll.
Wilpon's biggest issue was/is being cheap. Now a billionaire will be writing the checks. Maybe not for 2020 but absolutely before 5 years is up.
Not saying that this will impact this offseason or not, just merely saying that having clarity regarding finances could have an immediate impact.
Not saying that this will impact this offseason or not, just merely saying that having clarity regarding finances could have an immediate impact.
If we know anything about the Wilpons maximizing their valuation was likely their top priority as they were finalizing this deal. Other than Fred maintaining the appearance of "control".
Quote:
Behind the scenes obviously but the Wilpons really haven’t meddled much since Sandy took over outside of maybe setting the payroll number.
Come on Z, there have been a multitude of stories that implied Jeff was overly involved in every aspect of the operational side. Many have speculated that is why he hired his golfing buddy as GM.
After 33 years of mostly ineptitude, I can hold on for 5 years. And maybe knowing most of it isn't their money, they'll open the purse strings a bit.
Im well aware of all the dumb shit the Wilpons have done and it reached its peak during the Minaya years IMO. But the very thing people are hoping Cohen does... "let baseball people run the baseball affairs" Is the exact same thing the Wilpons made a concerted effort to do under Sandy. Outside of an off color remark about Wright once, they really haven't been in the news for some time now like they used to be. Obviously, they are still the owners and things have been happening behind the scenes but the media and fan base haven't known much about it in some time. Shecky has spoken to this too.
Hey, after the Madoff mess, its been a slippery slope getting them up to where they've been spending again but there's no doubt having the richest owner in professional sports should help. Im ecstatic.
I don't care if owners meddle..I just want them to open the checkbook to cover up mistakes....not get scared of making more moves.
Hopefully we can now play with the big boys and not let money STOP us from making the RIGHT move.
Need to maximize WAR on the field...not WAR/$
Wilpons will basically just ease out as figureheads for the next few years but Cohen will control the team.
Link - ( New Window )
-JD Davis prefers to play 3B and is working very hard on improving there.
Still think I like McNeil better at 3B but Davis improving at 3B would certainly be useful as well.
My big balls new owner money is coming offseason in which we would have the best roster in the sport overnight ;)
Cole, Betances, Akiyama, Castro, and Brach.
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
Thor, JDG, and Stroman should now be the top of the rotation for the foreseeable future (assuming Stroman pitches well enough that we want to keep him). And I highly doubt a legitimately run NY team lets a guy like Wheeler walk again.
Suddenly no more worries about Alonso's lost year of control, Conforto's upcoming FA, or resigning any homegrown stars we want.
Cano no longer matters. He'll get this year at 2B im sure, but if he doesn't produce this year he'll be jettisoned.
Hopefully there will be more Matthew Allen's and high profile IFA's in the future (and analytics investments, etc). Now an extra comp pick for next year.
As long as BVW learned from his Cano deal, it should never happen again. That move was made because it was deficit neutral - had he been able to just spend for a player in FA and eat Bruce's contract it's unlikely that whole deal would have come together (not to mention jeff wilpon's urging to do a big deal for his first one).
For the rest of this offseason I don't think much changes. Try to get a CF and a defensive backup C (ideally a young guy with some upside). Spend as much as possible on the BP. Sucks Hamels just signed, but a 1 or 2 year deal for a SP to replace Wheeler would be great. But i'd try not to put too much money into the future. Let Cespedes expire so we can spend real big going forward. If they decide to go for Rendon I won't complain though.
1 wild trade idea - Cespedes for David Price, Barnes, and JBJ, with the Red Sox kicking in money against Price's last 2 years. I know he's had injury issues but I've always liked Price and think he could be a real nice fill in for Wheeler.
Love Rendon but he's just not a fit for the team. McNeil's at 3B and we have a glut of players in CO. Spend the same money on Cole and improve the team tenfold on a real hole if you really want to go crazy IMO.
Sherman
I mean just totally speculating... Yeah... I could see the Wilpons not wanting to see their baby go just yet... just as all its youth is coming into its own and they have the rookie of the year, a 2 time Cy Young winner, etc.. They have debt and loans... so maybe while all those are getting paid off it might be nice to try to win a WS with an infusion of new cash and then ride off in the sunset.. At least from their perspective.
But regardless of opinions flying wild in the media right now, I cant see Cohen doing this without having a major seat at the table day 1. He's going to have his voice heard and it will be felt immediately IMO. No swinging dick this big, who grew up a Mets fan no less, is bailing the Wilpons out (overpaying the appraised value as well!) to sit in a corner for the next 5 years and wait his turn. NO CHANCE.
Again, my thoughts only.
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
The deal isn’t even final yet, and, even if it is, it should ‘bother the Yankees’? Seriously? LMAO. The Yankee complex is still alive and well.
Talk about complex, LOL
Quote:
Joel Sherman
@Joelsherman1
https://nypost.com/2019/12/04/steve-cohen-is-mets-godsend-that-should-bother-the-yankees/ In title the Wilpons have control, but if Steve Cohen is approved as majority owner he controls the money and he who controls the money is king. And Cohen has lots of it and the expectation is he will spend. #Mets
Joe DeMayo
@PSLToFlushing
·
9m
“The expectation is the Mets will join the Yankees and Dodgers and Red Sox among the major league payroll leaders, perhaps not in 2020, but soon.”
I am sure those are words #Mets fans have yearned to read
The deal isn’t even final yet, and, even if it is, it should ‘bother the Yankees’? Seriously? LMAO. The Yankee complex is still alive and well.
You do realize the difference between a headline written by Joel Sherman and comments from met fans (who haven't even mentioned the yankees)?
I literally just did a search of the thread and the only person who typed the word 'yankee' is you other than it appearing in the URL of that article and quoted tweet.
But by all means, carry on browsing a met thread and accusing met fans of a complex...
Talk about complex, LOL
Yeah was gonna say.... What???