I May Be Wrong, But… Sources, Ronny Cedeno, Recapitalization, Jorge Posada

·        It looks like http://www.amazinavenue.com/ is catching some shit from the Mets brass after going to print with Eno Sarris’ scintillating story, “Mets Hire Turnaround Consultants, Put Bankruptcy On Table?”, printed Thursday night.

Eric Simon and Company told nothing but the truth here. The Mets are working with a company that helped the Texas Rangers get through their past bankruptcy.

Is it stretch to say that bankruptcy is “on the table”?

What did you hire these guys for? To change the formula at the Shake Shack?

The Mets are simply pissed off because the dike is leaking and it isn’t from the members of this organization that wear a uniform. 

·        The Mets signed infielder Ronny Cedeno on Friday night.

He has played pro-ball for even years and has a combined .286 OBP.

Want more?  2011:  .313-BABP, 0.32-ISO

http://aarongleeman.com/tag/ronny-cedeno/ said last month:

Ronny Cedeno: His two great Triple-A half-seasons now look like obvious flukes, but Cedeno is still a quality defensive shortstop with just enough offense to be a passable stop-gap starter. Since being traded to Pittsburgh in mid-2009 he's hit .254/.297/.367 in 1,126 trips to the plate, which looks very ugly despite being just slightly below the MLB average of .263/.317/.380 for shortstops in 2011

This is a one million dollar insurance policy in case Ruben Tejada goes down with an injury. Jordany Valdespin can now spend the season playing short for Buffalo, along side 2B Reese Havens. Both could be starting in Queens opening day 2013.

·        From Forbes magazine:

A prominent sports banker says he believes the reason the New York Mets hired SRG Partners is that the MLB team is preparing to recapitalize their balance sheet (refinancing their debt, for example) or perhaps sell a minority interest. If the Mets were preparing to file for bankruptcy or owner Fred Wilpon was looking to sell a majority interest in the team he would have hired a top accounting firm rather than a firm like SRG, has more leeway in what it can do

This makes a lot of sense; however, I still thing the Amazin Avenue piece was correct when they said that “everything is on the table”. Everybody and everything has a “get the fuck out of here” price. Do you remember the Warren Beatty movie about the LA quarterback? They asked the owner why he sold the team he loved and he said because someone offered him twenty million more than it was worth. Fred has a price in his head. It may be a ridiculous price, but it’s a price.

·        I’m very happy that C Jorge Posada decided to retire a Yankees instead of hanging on as a DH for some team trying to beat the team he loves.

It made me think… when was the last time a Mets star retired as a Met?

It hasn’t happened that often an it looks like the next one to get a shot someday will be 3B David Wright and, frankly, the only way that’s going to happen is if new owners come aboard.