Wilpon/Katz families will retain a 5% stake. The other LP's are out. 95% to Cohen (he obviously can opt to bring in other LP's). The November meetings have been canceled so it's conceivable a vote is held within the next 6 weeks. If it's not we will have to wait until a scheduled vote post-playoffs and world series.
Mike Puma
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
There is always that chance but I have not seen a single reputable writer suggest this has a real chance of falling apart at this point. Cohen is well known throughout baseball and was already putting his team together (LaRussa/Tellem) when the Dodgers deal didn't happen. It won't be unanimous but this is happening.
I think the chances of the vote going against him are an extreme long shot. A-rod coming in 2nd may have been the best thing for him in that regard.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
I think the chances of the vote going against him are an extreme long shot. A-rod coming in 2nd may have been the best thing for him in that regard.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Yes and no. The vote has to be held before 10/31 or it's going to come in the off-season. No off field league business is held during the playoffs or world series. So hopefully it comes within the next 6 weeks (the Marlins vote came soon after). Otherwise, it will be by special vote post world series (November meetings have been canceled).
most of the offseason usually doesn't happen until December, and this is going to be a strange offseason. Everyone will know before the vote whether or not he is getting approved. He is going to have whatever conversations he wants to have prior and has whatever access he needs already being a minority owner.
Nothing will officially happen before the approval vote but plenty will happen.
Mike Puma
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
What a quote haha! But seriously, couldn't have asked for a better owner on paper. Deep deep pockets and a life long Mets fan.
most of the offseason usually doesn't happen until December, and this is going to be a strange offseason. Everyone will know before the vote whether or not he is getting approved. He is going to have whatever conversations he wants to have prior and has whatever access he needs already being a minority owner.
Nothing will officially happen before the approval vote but plenty will happen.
November meetings were canceled so this will have to be a special vote. Hopefully sooner vs. later.
Now that it's over, I have a real curiosity how Jeff could be so dumb
Honestly I doubt it. The other owners must be drooling at the prospect of $2.35 billion valuation for the Mets. That and he's a sole owner (not a conglomerate) that will be run the organization stably (i.e. no bickering amongst multiple owners).
A vote of all owners is expected to come before November
Honestly I don't think the exact date matters because it will be close enough to the beginning of the offseason that if he wants to give Realmuto $100m+ he will be able do it. The guy literally just spent the most money on a sports franchise in history beating out the Panthers sale.
The timeline that is more unpredictable is the search for a new GM/President. My guess is he will be having a ton of conversations over the next 6-8 weeks and it's 50/50 which happens first between him choosing that person and MLB voting.
General expectation from industry is Steve Cohen will be approved by other owners. However, this is not a 100 percent certainty, and it’s not likely that the votes are all counted. Last prospective owner to not be approved was Jeff Moorad with SDP.
Bold prediction: Cohen finds a way to get out of the Mets' contract with SNY the first chance he gets and only re-signs with SNY if the Wilpons sell him a majority stake.
Sounds like we will have to wait until after the World Series
The timing of the meeting likely has to do with everything else that needs to be on the agenda other than this.
I'd imagine these meetings typically go through annual revenue numbers, final ratings, offseason business, and things like that. That's likely why they do it a few weeks after the WS.
This year more than any other probably has some oddities to it due to everything related to C19. That could work for us if there's some reason why they need to have an official meeting earlier than usual or it could work against us if more important things push back usual business.
They want the record sale though so I don't think there's much that can derail this short of a Donald Sterling tape coming out.
The November meetings were canceled today. There are no scheduled meetings until December. This meeting would be a “special” meeting just for the vote.
Cohen getting SNY is sort of unimportant right now
“ The annual #MLB General Manager meetings, scheduled in November, have been cancelled. The Winter Meetings are tentatively still scheduled in December in Dallas, Texas.”
The November meetings were canceled today. There are no scheduled meetings until December. This meeting would be a “special” meeting just for the vote.
If it's a special meeting just for this that's even better and I trust Sherman's take that it will probably happen before November.
I'm sure MLB isn't eager to have a second free-spending team in New York, but at this point, I just want an upgrade to everything. The scouting, the farm system... and how about not turning everything Mets into Dodgers nostalgia? The Dodgers were in Brooklyn for 73 years, if you count the years they were in the American Assn. They've been in Los Angeles for 62 years. The Mets have existed for 58 years. They have their own identity. They're not the Dodgers of Fred Wilpon's childhood reborn. Geez, Fred, let it go. Nobody under the age of 70 cares anymore.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
RE: It's been something like 30 years of these Wilpon schmucks.
I'm sure MLB isn't eager to have a second free-spending team in New York, but at this point, I just want an upgrade to everything. The scouting, the farm system... and how about not turning everything Mets into Dodgers nostalgia? The Dodgers were in Brooklyn for 73 years, if you count the years they were in the American Assn. They've been in Los Angeles for 62 years. The Mets have existed for 58 years. They have their own identity. They're not the Dodgers of Fred Wilpon's childhood reborn. Geez, Fred, let it go. Nobody under the age of 70 cares anymore.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
I think the 42 makes a lot more sense at Barclays.
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
I’ve heard from second hand sources that Cohen is a raging psycho
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Cyclones are expected to become the Mets AA affiliate due to the elimination of 40-60 minor league teams.
assuming the Wilpons are keeping the Cyclones, he will either sign a player development deal with them, buy a different AA team (Cyclones ceasing to be a Mets affiliate, which I would be stunned to see) or he buys them outright (doesn't sound like they are for sale).
"Under the proposal, reported by Bill Madden of the Daily News, the Cyclones in their current iteration as a New York Penn League team would be eliminated, and they would become the Mets' Double-A affiliate, which currently plays in Binghamton.
According to Baseball America, the proposal would "completely reorganize" the full-season minor leagues, with the four highest levels -- Triple-A, Double-A, High-A, and Low-A, reworked to make those leagues "more geographically compac"
is obviously a very appealing place to have a team, even for non-NY teams. Hopefully, they work something out.
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
1) He's still going to be in business with them as they will own 5% of the team 2) They are developing the area around the stadium (he will also get a taste of that per reports) 3) The Cyclones due to location are one of the more valuable teams/markets in all of minor league baseball 4) Because of licenses, Cohen could not just "re-open" the Rumbleponies, he would need to purchase one of the existing Eastern League teams.
does it mean he has to be held hostage with the minor league team.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
does it mean he has to be held hostage with the minor league team.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
No. That's not his call. Each league has X licenses. He would need to purchase an existing license/team and then move that license to (in this case) Bing.
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
Not based on prior reports.
There is always that chance but I have not seen a single reputable writer suggest this has a real chance of falling apart at this point. Cohen is well known throughout baseball and was already putting his team together (LaRussa/Tellem) when the Dodgers deal didn't happen. It won't be unanimous but this is happening.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Getting the agreement this far in advance of the offseason means he will likely get to plan a way to have an impact financially. At minimum he will be able to negotiate extensions for players still in the org later in the winter - which is great. Conforto and Thor should get locked down.
My guess is he will want to hire some form of organizational leader who reports directly to him and that will be the single most important thing that happens next with this franchise. It may take time to get the right person or it may happen the day after his announcement is official, but as long as it's not BVW or Omar I'll be happy.
Yes and no. The vote has to be held before 10/31 or it's going to come in the off-season. No off field league business is held during the playoffs or world series. So hopefully it comes within the next 6 weeks (the Marlins vote came soon after). Otherwise, it will be by special vote post world series (November meetings have been canceled).
@SotoC803
·
4h
If it doesn't come by then.....
Then I do not see the approval coming until after the playoffs are over no later than 10/31.
November 1st and beyond feels like a REALLY long wait to finalize a sale that is seemingly going to be wrapped up today.
Nothing will officially happen before the approval vote but plenty will happen.
@NYPost_Mets
·
46s
Mets have released a comment from Steve Cohen: “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” said Mr. Cohen.
What a quote haha! But seriously, couldn't have asked for a better owner on paper. Deep deep pockets and a life long Mets fan.
Nothing will officially happen before the approval vote but plenty will happen.
November meetings were canceled so this will have to be a special vote. Hopefully sooner vs. later.
@SotoC803
·
4h
If it doesn't come by then.....
Then I do not see the approval coming until after the playoffs are over no later than 10/31.
November 1st and beyond feels like a REALLY long wait to finalize a sale that is seemingly going to be wrapped up today.
It's not that abnormal, the Royals new owners had to wait longer than that last year.
Honestly I doubt it. The other owners must be drooling at the prospect of $2.35 billion valuation for the Mets. That and he's a sole owner (not a conglomerate) that will be run the organization stably (i.e. no bickering amongst multiple owners).
Honestly I don't think the exact date matters because it will be close enough to the beginning of the offseason that if he wants to give Realmuto $100m+ he will be able do it. The guy literally just spent the most money on a sports franchise in history beating out the Panthers sale.
The timeline that is more unpredictable is the search for a new GM/President. My guess is he will be having a ton of conversations over the next 6-8 weeks and it's 50/50 which happens first between him choosing that person and MLB voting.
Cohen will buy that too soon enough.
Bold prediction: Cohen finds a way to get out of the Mets' contract with SNY the first chance he gets and only re-signs with SNY if the Wilpons sell him a majority stake.
The timing of the meeting likely has to do with everything else that needs to be on the agenda other than this.
I'd imagine these meetings typically go through annual revenue numbers, final ratings, offseason business, and things like that. That's likely why they do it a few weeks after the WS.
This year more than any other probably has some oddities to it due to everything related to C19. That could work for us if there's some reason why they need to have an official meeting earlier than usual or it could work against us if more important things push back usual business.
They want the record sale though so I don't think there's much that can derail this short of a Donald Sterling tape coming out.
b) he already spent $2b+ to buy the team. Whether or not they sell him SNY for another $2b+ isn't going to impact operating decisions.
If it's a special meeting just for this that's even better and I trust Sherman's take that it will probably happen before November.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
There's talk of renaming the Jackie Robinson Rotunda after Tom Seaver. Politically sensitive, but it should never have been named after a Dodger in the first place. Seaver works for me.
I think the 42 makes a lot more sense at Barclays.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Quote:
are not expected to be selling the Cyclones as part of this deal, Cohen would need to agree to a player development deal with the Wilpons (as the Cyclones owners), buy a new AA team or purchase the Cyclones outright.
Aren't the Cyclones the Rookie A ball team for the Mets? Why would they need to buy a new AA team.
My hope is once the deal is finalized and Cohen finally has the team, he does his thing and start figuring out ways to get rid of the Wilpons. Create his own sports network, buy whatever minor league teams he has to and figure out a way to develop the land around the stadium without Sterling Equities.
Cyclones are expected to become the Mets AA affiliate due to the elimination of 40-60 minor league teams.
"Under the proposal, reported by Bill Madden of the Daily News, the Cyclones in their current iteration as a New York Penn League team would be eliminated, and they would become the Mets' Double-A affiliate, which currently plays in Binghamton.
According to Baseball America, the proposal would "completely reorganize" the full-season minor leagues, with the four highest levels -- Triple-A, Double-A, High-A, and Low-A, reworked to make those leagues "more geographically compac"
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
Quote:
is obviously a very appealing place to have a team, even for non-NY teams. Hopefully, they work something out.
Sure, but why would Cohen want anything to do with the Wilpons.
If I were Cohen I'd reach out to the guy from BING who got contracted and re-open that franchise the first chance he gets as the AA team.
1) He's still going to be in business with them as they will own 5% of the team 2) They are developing the area around the stadium (he will also get a taste of that per reports) 3) The Cyclones due to location are one of the more valuable teams/markets in all of minor league baseball 4) Because of licenses, Cohen could not just "re-open" the Rumbleponies, he would need to purchase one of the existing Eastern League teams.
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
Can't an MLB owner decide where his affiliation should be?
Even the Mets under the Wilpons had 5 locations for AAA the past 20 years.
It seems like if Cohen wants to, he should be able to pick his own affiliation and IMO if that means ending Brooklyn and restarting BING it should be his call, not MLBs
No. That's not his call. Each league has X licenses. He would need to purchase an existing license/team and then move that license to (in this case) Bing.