Showing posts with label Madoff. Show all posts
Showing posts with label Madoff. 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?)

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

Tuesday, February 8, 2011

2011 Mets: A New Hope



Somewhere in a galaxy only a borough away my favorite franchise is under attack. However as I am not exactly of the opinion that anyone as wealthy as the Wilpons are worthy of sympathy (at least when it comes to money) I am not THAT worried. Let me re-state that. I'm not worried as long as they sell the team to anyone but Jim Dolan.

Instead I wanted to focus on the positive. The upcoming season and the upcoming Spring training. The Mets have a number of intriguing story lines and a number of competitions in the works.

Who will play second? Luis Castillo Daniel Murphy, Brad Emaus and Justin Turner all have legitimate chances of impress this spring and win the starting job.

Oliver Perez, Luis Castillo and the 18 Million Dollar Black Hole: Will Perez and Castillo FINALLY be cut? Met fans have been itching for this for a while. Should they be cut? Will they be cut? Equally interesting quandaries.

How will the bench shake out? The Mets brought on Ronny Paulino, Scott Hairston and Chin-Lung Hu. Does this mean that Lucas Duda, Justin Turner, Nick Evans and others will need to be sent to the minors?

Despite critics, the Mets farm looks like they'll be good (at hitting): I will look at the Mets AAA, AA, A+ and A league rosters and evaluate the talent there in.

What happens to Jose? Does he get traded? Does he come back?

A look at 2012 and beyond: What lies ahead for the fiscally responsible Sandy Alderson and the Mets?

This is Phlavio Phega and, if it relates to the Mets, I have an opinion.