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NFT: Mets in talks to sell up to 80% of the team

Burt64 : 12/4/2019 3:28 pm
to Steve Cohen
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So...  
ZGiants98 : 12/4/2019 10:12 pm : link
Cespedes, Lowrie, Ramos, Wright, Wilson, and more off the books heading into 2021.

Enter Cohen.

Can anyone say Mookie Betts? Move Nimmo to LF next year.
RE: So...  
Rory : 12/4/2019 10:19 pm : link
In comment 14703480 ZGiants98 said:
Quote:
Cespedes, Lowrie, Ramos, Wright, Wilson, and more off the books heading into 2021.

Enter Cohen.

Can anyone say Mookie Betts? Move Nimmo to LF next year.


An extend Matz/Thor :)
the more I think about this move  
CMicks3110 : 12/4/2019 10:20 pm : link
the more excited I get. NO WAY Cohen sits on his hands for 5 years. It's stupid. I just read that he'll have at least 51% almost immediately. You think he's not going to go out and spend. No way he sits, not with this core in their prime. If they could spend on a major player or two TODAY we're a world series contender. I would hate to waste deGrom's prime waiting. You don't get a pitcher of his caliber very often.
Still can’t believe it  
TyreeHelmet : 12/4/2019 10:24 pm : link
Truly incredible. Still waiting on word the Wilpons back out.

But as others have said- zero chance Cohen is waiting 5 years to make an impact. He’ll be going all in. I’m thrilled.
Wilpons, from what I hear,  
CMicks3110 : 12/4/2019 10:26 pm : link
probably can't afford to keep the franchise, especially if Katz wants to divest. Not enough cash there to hold majority stake. They probably hate having to do this, but they have no choice.
Got drunk cuz of joy  
jpkmets : 12/4/2019 10:48 pm : link
Soooooooooo happppppppy
RE: Got drunk cuz of joy  
Rory : 12/4/2019 10:53 pm : link
In comment 14703510 jpkmets said:
Quote:
Soooooooooo happppppppy


here too brother, texting up some ex gf's too, cause why not.

This is crazy fun.
RE: RE: Got drunk cuz of joy  
jpkmets : 12/4/2019 10:56 pm : link
In comment 14703511 Rory said:
Quote:
In comment 14703510 jpkmets said:


Quote:


Soooooooooo happppppppy



here too brother, texting up some ex gf's too, cause why not.

This is crazy fun.



Yesssss! Imagine not having to temper trade and FA. Thoughts (and IFAs) because of money?? Been a long 11 years!
Does this mean we get  
ZGiants98 : 12/4/2019 11:03 pm : link
Arc back? ;)
Z  
CMicks3110 : 12/4/2019 11:08 pm : link
if Cohen were to raise budget IMMEDIATELY to $215-220 million, how you spending it?
RE: Z  
Rory : 12/4/2019 11:12 pm : link
In comment 14703518 CMicks3110 said:
Quote:
if Cohen were to raise budget IMMEDIATELY to $215-220 million, how you spending it?


buy back Wheeler

buy Cespedes a segway

buy Degrom whatever the fuck he wants

extend Thor, extend Conforto, extend Alonso

oh yea ....sign Cole
RE: Z  
ZGiants98 : 12/4/2019 11:13 pm : link
In comment 14703518 CMicks3110 said:
Quote:
if Cohen were to raise budget IMMEDIATELY to $215-220 million, how you spending it?


I listed my somewhat realistic offseason and said we’d be about 9 million over the tax which is where your number is and I’m getting my numbers off MLBTR expected rates.

That said if long term implications are no longer a concern, I probably just sign Cole and Betances and call it. :).

But I’m hoping something along the lines of my somewhat realistic proposal is indeed somewhat realistic. We’ll see.
i didn't see your off-season plan  
CMicks3110 : 12/4/2019 11:14 pm : link
what did you say?
RE: i didn't see your off-season plan  
ZGiants98 : 12/4/2019 11:19 pm : link
In comment 14703523 CMicks3110 said:
Quote:
what did you say?


My somewhat realistic dream offseason:
ZGiants98 : 8:44 pm : link : reply
Sign Keuchel, Betances, Akiyama, Castro, and Brach. Team should only be about 9 million over LT with a very small penalty.


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.
Roster  
ZGiants98 : 12/4/2019 11:25 pm : link
1.) Nimmo CF
2.) McNeil 3B
3.) Alonso 1B
4.) Cespedes LF
5.) Conforto RF
6.) Ramos C
7.) Cano 2B
8.) Rosario SS

Akiyama, JD Davis, Dom Smith, Lowrie, Castro

1.) DeGrom
2.) Syndergaard
3.) Stroman
4.) Keuchel
5.) Matz

Diaz, Betances, Lugo, Wilson, Familia, Gsellman, Brach, D.Smith

Teams solid.



Apparently this guy is huge on data and analytics  
moespree : 12/4/2019 11:44 pm : link
Supposedly one of the first to put a heavy reliance on it for decision making for his hedge fund. You'd have to obviously think that will be coming to the Mets.

The 180 that may be about to occur with the franchise is almost unfathomable. I don't even know what to say.
I attended the trial of one of Cohen's minions...  
Tesla : 12/4/2019 11:51 pm : link
Matthew Martoma,, who was convicted of insider trading and sent to jail for 9 years. I can tell you with 100% certainly that Steven Cohen was very much involved in the insider trading and was just as guilty as Martoma.

The case involved promising trials for an Alzherimer drug. Martoma befriended one of the doctor's running the trial. Two days before the results of the trial were to be released, Martoma flew from NYC to Detroit to speak with the doctor, who told Martoma the drug failed the trial. Martoma flew back to NYC on that Sunday and went straight to Cohen's home and met with him for an hour. The next day SAC Capital unloaded hundreds of millions in stock of the companies that owned the failed drug.

The only reason Steven Cohen is not in jail right now is because former US Attorney Preet Bahara has no balls and was scared to after Cohen.

So congrats to the Mets, they are now owned by Gordon Gekko.
I thought they went after Cohen and turned 1 of his guys but  
Eric on Li : 12/5/2019 12:12 am : link
the indictment leaked in the press so they were alleged to then destroy evidence?
There is a book out there called Black Edge  
moespree : 12/5/2019 12:19 am : link
That paints a very bad picture of this man and does suggest he is a scumbag whom most people on Wall St despise and say they are surprised he hasn't been incarcerated for something yet.

There's no doubt this baggage comes with him, but I just don't know how much (if any) of that should hang over his ownership of the Mets. The problems he has caused for himself pre-date this majority ownership.
Here's what people care about...  
Torrag : 12/5/2019 12:27 am : link
Is he a pedophile or abuser? A drug dealer? A violent criminal? No?

Ok moving on, is he a Mets fan? Will he run the team financially the way it should have been run the last 30 years? Yes? Sign me up.
RE: I attended the trial of one of Cohen's minions...  
Jim in Fairfax : 12/5/2019 1:50 am : link
In comment 14703536 Tesla said:
Quote:


So congrats to the Mets, they are now owned by Gordon Gekko.

Well, beats the current ownership:





BTW: Blue Horseshoe LOVES Anacott Steel.
Guarded optimism  
JayBinQueens : 12/5/2019 7:14 am : link
Just cant help but think there's a LOLMets moment coming
RE: Guarded optimism  
Ten Ton Hammer : 12/5/2019 7:17 am : link
In comment 14703607 JayBinQueens said:
Quote:
Just cant help but think there's a LOLMets moment coming


There always is. It's Charlie Brown kicking a football.

I expect this Cohen guy to be indicted on embezzlement and fraud charges shortly.
RE: Guarded optimism  
figgy2989 : 12/5/2019 7:49 am : link
In comment 14703607 JayBinQueens said:
Quote:
Just cant help but think there's a LOLMets moment coming


I am in the same boat. I just can't wrap my head around Cohen forking over that kind of dough, only to let Jeff and Fred keep their current positions for 5 years? You just hope that something doesn't happen prior to this sale going final that the Wilpon's end up keeping the team.

As a Mets fan, you just know something is coming. We can't have nice things.
look we are Mets fans so of course...  
Italianju : 12/5/2019 7:56 am : link
we are waiting for the other shoe to drop.

That said the 5 years thing seems like a save face thing to me. As others have mentioned there is no way that Cohen is putting this much money into something then letting the previous owners who have managed the team poorly continue to manage it. I think the Wilpons know that Cohen is going to come in and spend and want to get/take some credit if the team succeeds. Which we all feel is possible if the purse strings are loosened.

Congrats Mets fans.  
section125 : 12/5/2019 7:57 am : link
This is good news for you guys. Hope it happens.
RE: RE: Some tweets  
pjcas18 : 12/5/2019 8:05 am : link
In comment 14703453 Hsilwek92 said:
Quote:
In comment 14703383 pjcas18 said:


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.


Did I miss something? Where does anyone say anything should bother the Yankees?

A Mets blogger posted a quote from a Sherman article saying Sherman expects the Mets to be among the top teams in payroll - with the Yankees, Red Sox and Dodgers.

What did I miss?

Unless I missed something, if someone has a complex, it's not who you think.
After reading the articles this morning  
arniefez : 12/5/2019 8:13 am : link
every Met fan seems to have gotten their wish and any NY baseball fan or NY sports fan in general should be celebrating.

Considering the rest of the NY sports landscape with no end of Dolan or the Johnson's or the Mara's in sight it would be great if both the Yankees and Mets were powerhouses.
I see  
pjcas18 : 12/5/2019 8:18 am : link
the "bother the Yankees" quote came from the NY Post.

It also came from a Sherman article and "a person who has deal with Cohen".

Not even Mets fans.

And the point is more teams willing to spend should bother teams that spend. It potentially forces them to spend more.

the sensitivity of Yankees fans knows no bounds.
League  
DanMetroMan : 12/5/2019 9:36 am : link
Source says this will not have an impact regarding the Mets spending this off-season FWIW
RE: I attended the trial of one of Cohen's minions...  
Metnut : 12/5/2019 9:45 am : link
In comment 14703536 Tesla said:
Quote:
Matthew Martoma,, who was convicted of insider trading and sent to jail for 9 years. I can tell you with 100% certainly that Steven Cohen was very much involved in the insider trading and was just as guilty as Martoma.

The case involved promising trials for an Alzherimer drug. Martoma befriended one of the doctor's running the trial. Two days before the results of the trial were to be released, Martoma flew from NYC to Detroit to speak with the doctor, who told Martoma the drug failed the trial. Martoma flew back to NYC on that Sunday and went straight to Cohen's home and met with him for an hour. The next day SAC Capital unloaded hundreds of millions in stock of the companies that owned the failed drug.

The only reason Steven Cohen is not in jail right now is because former US Attorney Preet Bahara has no balls and was scared to after Cohen.

So congrats to the Mets, they are now owned by Gordon Gekko.


There's no case against him. Prett Bahara is an ambitious person who would love to have a huge scalp like Cohen if that was in any way possible. He just doesn't have the evidence to do it.

Thanks for the congrats though!
Dan  
debo_GIANTS : 12/5/2019 9:50 am : link
Can you elaborate on this source? Seems very vague.

According to forbes, Steve Cohen will immediately have a greater than 50% stake in the team and will have veto power over decision going forward.

You don't think he might step in an throw a large sum of money at a guy like Cole? I find it hard to believe that a guy like Stevie Cohen, who just spent $2B to gain a controlling interest in the team, will sit on the sideline for the whole offseason and watch the team he owns be managed to a strict budget.

RE: League  
Chris684 : 12/5/2019 9:54 am : link
In comment 14703744 DanMetroMan said:
Quote:
Source says this will not have an impact regarding the Mets spending this off-season FWIW


This is in line with the Joe DeMayo tweet above "perhaps not 2020 but soon"

We can only hope that this is the last offseason that we operate in this manner. Best case scenario (and this seems to be the case) is that Fred and Jeff got to keep their titles even though they're no longer in charge, probably by this time next year.

They probably wanted to stick with those titles since they can get some of the credit as things hopefully start getting better over the next several years.
RE: Dan  
DanMetroMan : 12/5/2019 9:58 am : link
In comment 14703773 debo_GIANTS said:
Quote:
Can you elaborate on this source? Seems very vague.

According to forbes, Steve Cohen will immediately have a greater than 50% stake in the team and will have veto power over decision going forward.

You don't think he might step in an throw a large sum of money at a guy like Cole? I find it hard to believe that a guy like Stevie Cohen, who just spent $2B to gain a controlling interest in the team, will sit on the sideline for the whole offseason and watch the team he owns be managed to a strict budget.


It's not vague at all. This has been in the works for a while and only leaked now. The Mets have elected not to take meetings with the upper tier FA and did not strongly pursue Wheeler (who signed just yesterday). I stand by what I was told. The Mets will not be pursuing major FA's this off-season. Beyond that I have no clue, no does anybody else.
That's just the thing though  
figgy2989 : 12/5/2019 10:00 am : link
The Wilpon's and their egos want to stick around because they know a guy like Cohen will do what it takes to win. This way if the are still involved in "some" capacity, then can try to take some credit before completely cashing out.

Fuck Fred and Jeff, take your billions and pay off some of your other debts. Between them and Katz, biggest crooks around.
Really  
DanMetroMan : 12/5/2019 10:01 am : link
not trying to be Debbie Downer but even using logic, if the Mets felt they suddenly would be spending a ton this off-season they would be rushing to get meetings with players like Cole, Rendon and Strasburg, guys who have already taken multiple meetings with other teams. They are not.
RE: That's just the thing though  
Chris684 : 12/5/2019 10:02 am : link
In comment 14703791 figgy2989 said:
Quote:
The Wilpon's and their egos want to stick around because they know a guy like Cohen will do what it takes to win. This way if the are still involved in "some" capacity, then can try to take some credit before completely cashing out.

Fuck Fred and Jeff, take your billions and pay off some of your other debts. Between them and Katz, biggest crooks around.


If this is what it took to get them out, then whatever.

It will obvious when things turn around who and what the problems were.
I am OK with them not spending big on FA this off season  
figgy2989 : 12/5/2019 10:03 am : link
I just hope Cohen has enough power after this goes through to prevent BVW from making another Cano type trade that ends up crippling the farm system.

Do what you can do to help the 2020 club without giving up any assets.
RE: Really  
Metnut : 12/5/2019 10:03 am : link
In comment 14703792 DanMetroMan said:
Quote:
not trying to be Debbie Downer but even using logic, if the Mets felt they suddenly would be spending a ton this off-season they would be rushing to get meetings with players like Cole, Rendon and Strasburg, guys who have already taken multiple meetings with other teams. They are not.


Based on everything going on (Mets not even speaking to Wheeler or Cole, being linked to a cheap also-ran 5th starter like Porcello) it looks like there's going to be no increase in payroll this offseason.

It's what we expected anyway, so we just have to deal with it. I'm fine with another lackluster offseason given the good news coming down the horizon.
RE: RE: That's just the thing though  
debo_GIANTS : 12/5/2019 10:04 am : link
In comment 14703795 Chris684 said:
Quote:
In comment 14703791 figgy2989 said:


Quote:


The Wilpon's and their egos want to stick around because they know a guy like Cohen will do what it takes to win. This way if the are still involved in "some" capacity, then can try to take some credit before completely cashing out.

Fuck Fred and Jeff, take your billions and pay off some of your other debts. Between them and Katz, biggest crooks around.



If this is what it took to get them out, then whatever.

It will obvious when things turn around who and what the problems were.


Yea seriously, Would it really bother you to see them on float going down the canyon of heros if the Mets won the world series in a couple years? I would get over it real quick.
Chris  
figgy2989 : 12/5/2019 10:05 am : link
I am with you on that, if having them keep meaningless titles to stick around for a while, then I am definitely on board.

Would like to see Cohen start to insert some different baseball people behind the scenes though.

Anyone else think that BVW is probably a goner once Cohen gets control?
Nats  
DanMetroMan : 12/5/2019 10:07 am : link
and Braves both hot for Donaldson.
RE: Chris  
Chris684 : 12/5/2019 10:08 am : link
In comment 14703804 figgy2989 said:
Quote:
I am with you on that, if having them keep meaningless titles to stick around for a while, then I am definitely on board.

Would like to see Cohen start to insert some different baseball people behind the scenes though.

Anyone else think that BVW is probably a goner once Cohen gets control?


I think anything is possible once he takes control. We just have to patient. It won't be this year, but it's not going to take 5 years. We're almost there.
RE: Really  
debo_GIANTS : 12/5/2019 10:14 am : link
In comment 14703792 DanMetroMan said:
Quote:
not trying to be Debbie Downer but even using logic, if the Mets felt they suddenly would be spending a ton this off-season they would be rushing to get meetings with players like Cole, Rendon and Strasburg, guys who have already taken multiple meetings with other teams. They are not.


I don't think they have taken meetings with these players yet because MLB hasn't officially approve the change in ownership. Once it becomes official, whether it be later this offseason or next year, you better believe that Steve Cohen will be spending big and making a splash. He is a savage billionaire who will do anything to win and doesn't care about losing money.
RE: RE: Really  
DanMetroMan : 12/5/2019 10:15 am : link
In comment 14703815 debo_GIANTS said:
Quote:
In comment 14703792 DanMetroMan said:


Quote:


not trying to be Debbie Downer but even using logic, if the Mets felt they suddenly would be spending a ton this off-season they would be rushing to get meetings with players like Cole, Rendon and Strasburg, guys who have already taken multiple meetings with other teams. They are not.



I don't think they have taken meetings with these players yet because MLB hasn't officially approve the change in ownership. Once it becomes official, whether it be later this offseason or next year, you better believe that Steve Cohen will be spending big and making a splash. He is a savage billionaire who will do anything to win and doesn't care about losing money.


When did I suggest otherwise? I said I was told by a strong source it would not impact this off-season's payroll and there has been zero indication otherwise. They would be taking meetings with these players if they felt this were the case. If he wasn't approved (he's already been vetted by the league) then no harm no foul. I stand by what I've been told. The impact will not be felt this off-season and the Mets will not be chasing the upper tier FA THIS off-season. Nowhere have I suggested I know what will happen beyond that.
.  
DanMetroMan : 12/5/2019 10:20 am : link
Ben Badler
@BenBadler
This one's pretty remarkable. The Mets have signed a Venezuelan pitcher at 17 who's throwing 99 mph:
Hill formerly  
DanMetroMan : 12/5/2019 10:21 am : link
with the Mets


Greg Johns
@GregJohnsMLB
Per source, Mariners have trade in place that would send C Omar Narvaez to Milwaukee for RH pitcher Adam Hill, a 22-year-old who is Brewers' No. 24 prospect by MLB Pipeline, as well as a comp draft pick.
@Ken_Rosenthal
first reported a deal was in the works.
I don't think there will be an instant impact but if it's January  
Eric on Li : 12/5/2019 10:25 am : link
and Rendon is still avail like Harper/Machado last year, and everything with the deal has progressed, I find it hard to believe there won't be a way for him to give BVW a green light.

Will he or won't he is a very legitimate question and whether it makes sense to make a big commitment so quickly (from his POV as new owner who may want to re-evaluate the entire current admin + plan) is another, but it's hard to fathom there won't be a way to do it since he's already got an approved ownership stake that presumably gave him access to the inner workings of the team anyway.

I don't see something big like Rendon happening, but I could see him being willing to go big on 1 year deals for any Keuchel/Kimbrel types this year who are unsigned by ST and could help add depth.
And now we have a name from BA  
DanMetroMan : 12/5/2019 10:26 am : link
: 6-foot-4, 19-year-old Venezuelan RHP Robert Dominguez,
No  
DanMetroMan : 12/5/2019 10:27 am : link
nothing Cerrone still mentioning Hader. LeClerc would be worth calling about but don't see why the Rangers would move him.
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