Good
morning.
This
begins a new weekly feature. I will give you my spin on all the things that
happened during the past week regarding baseball, in general, and the Mets, in
particular.
First
up…
Tony Plate wrote earlier this week that Alex
Rodriguez and his fiancée, Jennifer Lopez,
were meeting with bankers in hopes of raising the funds needed to buy the New
York Mets from Sterling Equities.
This
is classic. Only in New York could a dysfunctional family sell a billion dollar
business to an international top 40 singer and her current fiancée. Hey have
even retained JP Morgan to find investors here.
A
couple of thoughts:
1. Bankers don’t laugh at jokes. I tried
to raise money to invest in a new broadcast company. Had four great partners.
We paid a NYC headhunter to set up two days of meetings with bankers that
invested in speculative situations like this. Failed miserably. I could only
project positive cash flow, not show what was already in the till.
2. Investing in the negative cash flow
Mets adds additional banker challenge, especially during a period when they are
bleeding their own cash due to the shutdown. Add to that the current Mets
financial picture and the only people that could be interested in something
like this are Mets fans worth well over one billion dollars and living on Long
Island.
3. Hollywood couples don’t stay
together. These two can’t even take the time to get married, no less find a
major lending institute to back a back a venture with both these two signatures
on the bottom of the agreement. How would the team be split up when they, like
their past relationships, go in separate directions? A-Rod gets the infielders?
The probable
reduction of two minor league teams (AA-Binghamton, Rookie-Kingsport) is going
to really upset the apple cart for the Mets.
How
this works is still a question and one can’t begin to determine or project what
players will fall where.
I will
say this… it is safe to say that the Mets will NOT operate without a AA team.
Promoting A+ St. Lucie would be a travel disaster. The easy fix would be adding
Low-A Brooklyn to the same league Binghamton was in, but will the league
approve the addition to the same league you just killed a Mets affiliate in?
And
what about player assignment?
Well,
there will be 60 less jobs in the system, so that means less filler choices,
both present and future.
One
thing that is safe is the Top 30 prospects currently in the system. They will
be assigned to meet both the team’s needs and their growth potential.
Currently,
I would project them as:
AAA – Syracuse
SP David Peterson
RP Ryley Gilliam, Stephen Villines, Stephen Nogozek, Adonis
Uceta
C Ali Sanchez, Patrick
Mazeika
SS Andres Gimenez
OF Quinn Brodey
AA – Brooklyn
SP Thomas Szapucki, Kevin Smith
RP Yeizo Campos, Darwin Ramos, Andrew Mitchell
2B Carlos Cortez
OF Wagner Lagrange
A+ - St. Lucie
SP Jordan Humphreys
SS Ronny Mauricio
3B Mark Vientos
A – Columbia
SP Matt Allen, Josh Wolf
C Francisco Alvarez
SS Wilmer Reyes
3B Brett Baty
OF Jake Mangum, Freddy Valdez
Players
like Allen, Wolf, Alvarez, Baty, and Valdez are going to have to step up their
game early. Makes for a stacked Firefly team.
MLB.com featured their top all-time
shortstops by team:
Mets: José
Reyes
Key fact: Produced 27.9 bWAR with Mets, 10th most in
franchise history
Reyes busted the top off what historically has been the
weakest position in franchise history, making four National League All-Star
teams, winning the NL batting title in 2011 and setting franchise records for
triples and stolen bases by wide margins. Before Reyes came along, Bud
Harrelson was the only shortstop in Mets history to post at least 5.2 career
bWAR with the team.
This is just me, but don’t be surprised if an increased
percentage of the top high school seniors eligible for the draft choose to go
to college for three years instead.
The signing money just isn’t going to be here this year,
especially of kids not picked in the first five rounds.
In 2019, the Mets bonus was worth $277,100.
In 2020, it will be $20,000.
If I am one of these kids, I go full tilt college and enjoy
the experience until the world starts turning on its axis again.
Mack,
ReplyDeleteLove the Sunday thoughts.
On the Binghamton/Brooklyn situation, a few questions.
Does Double A have a stadium size regulation? Back in the 90's, Albany lost the Double A Yankees because, apparently, the stadium was too small. Didn't the Mets move from Williamsburg to Binghamton for the same reason? I think Brooklyn would need an upgrade and Governments are going to be broke for the near future.
Also, are Syracuse and Brooklyn part of the Mets sale? To me, they are more valuable to a Mets owner than non-owner because (as is the case with Binghamton) MLB teams can dump affiliations pretty quick.
Buy high and sell Lo if A Rod and J Lo split ways. Good point, Mack - will they stay together? Steve Cohen is a potential suitor at a cheaper price. He may have avoided losses as the stock market collapsed, and jumped full in as it rebounded, so he could be richer now than he was before.
ReplyDeleteMoney will be tight for almost everyone - including baseball owners - so the minors and draft will be two of the fall guys, I'm sure. AA in Brooklyn would be fun, if we can ever attend baseball games again in NYC. Most of the country has a nuisance pandemic - NYC has an apocalyptic PANDEMIC...normal life around here, assuming we all survive, is a long way off. Just...too...crowded.
The Wilpons are silly if they think their price holds steady in these economic times. They should be looking for a buyer -- any buyer -- and not worry about the future. Once they cash the check they no longer have any Mets involvement. It is not their concern anymore.
ReplyDeleteThat makes too much sense Reese.
ReplyDeleteI don't get the whole Bingo thing. If the Eastern League were collapsing, I'd get it. If MLB said "Thou shalt have no more than 2 short-season teams," I'd get it.
ReplyDeleteWhat is the Commissioner's Office stake in Bingo? Kingsport?
I would think that if they got divorced, since they would be minority stake holders, they would just split up what they have. I would think that they would each get a certain percentage from the get go that they initially invest.
ReplyDeleteSo let’s say they invest 200 million each and it is sold for 2 billion, they would each have a ten percent share and if they split they would still own those shares each?
They would be like the dodgers, where they have a bunch of different partners but the only one you really see is Magic Johnson.
They can’t get divorced they aren’t married, lol. Well if they split up and don’t date no more.
DeleteHobie, I don't know how much the Binghamton/Brooklyn/Kingsport is a team decision vs. a Commissioner's/MiLB decision. With the Wilpons owning Brooklyn, I think that's why it is not on the chopping block. It is a same. the Binghamton Ballpark is beautiful
ReplyDeleteAs I understand, Jorge Mas isn’t a consideration but another Miami guy that lost out on the Marlins has in fact teamed up with JRod. However, either SNY is included or there’s no deal. Tell me now how the Katz children feel when a $2.6B offer -without SNY - was rejected simply because Jeff wanted to remain GM for five years.l.
ReplyDelete