Showing posts with label Fred Wilpon. Show all posts
Showing posts with label Fred Wilpon. Show all posts

Thursday, May 26, 2011

For Richer or Poorer

Let us pretend for a moment that we were losing $70 Million a year because of a business venture we started. We'd all be pretty upset and... justifiably so. I mean, it isn't our fault that the team doesn't get more stadium revenue. Although... in the case of the Wilpons, it sorta IS their fault.

Take the case of Bobby Bonilla. The Mets could have paid off the rest of his contract, $5.9 Million dollars in 2000. Instead they differed the payment. They took a 10 year hiatus and then would pay Bonilla $1 Million dollars for 25 years. They did this because they were getting such large returns from Bernie Madoff that they stood to profit from having that $5.9 Million for the first 10 years... to cover that $25 Million dollar/25 year contract that kicked in this year AND THEN SOME. (Mind you, Bonilla is not the only case)

Now... let us believe in their innocence and that they simply thought that they were actually getting 8-12% returns from their magical friend of finance. If the Wilpons opened the books to the public, I wonder how much of the Met financial situation is caused by the ownership's investments and how much is the teams actual revenue.

Sandy Alderson announced yesterday that the Met payroll in 2012 would be between $100-140 Million dollars. That isn't bad... if it's closer to the 140 end of things, but in New York I shudder to think of the genuinely hateful response to the Wilpons crying pauper.

Should the Mets come close to spending in the 140 range you had better believe that the only name that the Mets should be spending that kind of money on is already on the team. (Do we really think Pujols will play RF?)

Wednesday, May 25, 2011

Pass The Buck

We have all heard the saying that the "Buck Stops Here." Some president built a campaign around that slogan and it was pretty successful. It meant that HE would be taking ownership for the problems the country would be faced with. Not blaming crooked businessmen or insulting his employees.

What we as fans sometimes forget is that the Buck... starts here...

Fred Wilpon pays for the players salaries, the operations costs for the stadiums and training facilities. He even pays the bills for SNY. He does all of this with the knowledge that the buck will be passed and as it does... it should make friends.

The Wilpons pay for the team and all the costs that surround them. They pay for advertising and promotion of players who... they apparently don't even like. Who pays them?
  • Television: Proceeds from sales of commercials during Met games is profitable. It's even more profitable when you own the network the game is televised on. When another network broadcasts a Met game... guess what, the Wilpons make money there too.
  • Merchandise: Those Reyes jerseys that will soon be hitting the discount rack as well as those Beltran bobble heads and David Wright posters all make the Wilpons money.
  • Stadium: Let's talk about that stadium...
The Mets must be in trouble... right? The stadium looks barren with so few people attending the games. Let us say you did go to that game. How much money did you pay for your beer and those nachos and the souvenir sundae for your kid? The team makes money whether or not the team has fans in the seats. SURE, the more people come to the games, the better, but the Wilpons money comes FIRST from television, SECOND from merchandising and THIRD from people actually going to games.

So... the Wilpons can complain all they want about the team's struggles and the players being "over-payed". The buck might start with them, but they aren't running a charity. The buck ends with them and I'm willing to bet that with all the struggles, the Mets are not the reason the Wilpon's are tight for cash.


Let Fred and Jeffy know that you love the team and the players DESPITE them and not BECAUSE of them. Join the SAVE REYES campaign and help save the final scraps of dignity for the franchise. Don't do it for me... do it to spite Mike Francessa.

Monday, May 23, 2011

Public Enemy #1

The early voting for league LVP is in and by a resounding margin the Met ownership has entered into a 2-way tie with the McCourts atop the rankings. The MLB has already freed the Dodgers of the divorcing couple which means that the Wilpons are most likely going to move well ahead in the voting by the all-star break. If you haven't heard, I'll post a link:


Basically, Wilpon, in an effort to restore his (potentially wrongfully/rightfully) defamed name decided to torpedo the only part of his empire that the average citizen cares about. Let's tally the damage:

Reyes:
"He thinks he’s going to get Carl Crawford money. He’s had everything wrong with him. He won’t get it."

So now if the Mets want to TRADE Reyes, they no longer have the trading power of even feigning a desire to retain their talented SS.

Beltran:
"We had some schmuck in New York who paid him based on that one series [his 2004 postseason with the Astros]. He’s sixty-five to seventy per cent of what he was."
Another player we were HOPING to trade this season who we can now expect 30-35% less for. Thanks Fred, I can see how you became a business tycoon. Play the cards as far from your chest as possible right?

Wright:
"He’s pressing. A really good kid. A very good player. Not a superstar."

Come to the Mets, ownership can't wait to throw you under the bus. You think that any top talent wants to take a deal with this TOXIC ownership duo? Sure, the Mets can still pay for talent... oh wait... we don't have money anymore either? Well I guess perhaps treating your best players better might have been financial advice that Fred needed his buddy Madoff for.

Add to this the message to the fans. Hey kids! We don't have any superstars... go watch the Yankees. I suppose, in his defense, not many kids read the New Yorker.

The Mets (By way of Ike Davis):
"Good hitter. Shitty team—good hitter."

Awesome, hey... I just wanted to conclude my diatribe by saying that everyone not named Ike is a scum sucking loser with no right to play baseball. Way to rally the troops.

Let's see... lower the trade value of the two best trade chips Alderson has to work with, alienate the face of your franchise and insult the team. What's next, getting rid of all the team's training equipment? When does Terry Collins whip out the nude cardboard cut-out and start removing pieces with every win?

Mr. Springer, a knowledgeable Met fan put his rose glasses on and sees positives to the situation. He thinks that the ownership is long over-due for telling the players publicly that they don't value them. He sees this as potentially inspiring. So I'll take his inspiration and look at the positives.

The Dodgers don't have an Owner, perhaps we can just TRADE the Wilpons away.

In Short:
DUMP THE WILPONS

SAVE REYES