Showing posts with label Steve Cohen. Show all posts
Showing posts with label Steve Cohen. Show all posts

Thursday, May 05, 2022

The Metsian Podcast: The Getaway Day Flushing Review with Jon Springer

From the desk: HEAD-BUTTING MR. MET


GUEST

May the Fourth Be With You.  Despite Wednesday's sixth inning implosion, The Force remains strong in Queens.  Let's not lose sight of the Mets battling the defending World Champions and coming away with a split and that they are still yet to lose a series this season.  That's partly due to some remarkable pitching from Tylor Megill and a bullpen that combined to pitch a no-hitter against the rival Phillies.  The front office is performing with conviction as well as they bid adieu to Robinson Cano.  Times are indeed changing at Flushing by the Bay.  Please join Rich, featured guest Jon Springer, and me for a getaway day episode of The Metsian Podcast.

 



#LGM



Tuesday, March 08, 2022

THE METSIAN PODCAST: No Spring Training For You

From the desk: HEAD-BUTTING MR. MET



Baseball has more problems than a math book and appears nowhere close to solving their respective issues.  Sam, Rich, and I try and make sense of it all.  Give a listen, and Let's Go Mets!

seventy-nine minutes





Tuesday, November 30, 2021

Monday, November 22, 2021

Our Thanksgiving Metsian Podcast with Queens Native and Voice Actor Matthew Streppone

From the desk: HEAD-BUTTING MR. MET


GUEST
Queen Native ~ Mets Fan
VOICE ACTOR




Steve Cohen ~ Money ~ Farm ~ Billy Eppler
Noah Syndergaard ~ Steven Matz ~ Aaron Loup ~ Jon Matlack
CBA ~ Japanese Baseball ~ Gil Hodges HOF
and so much more!


#LFGM



Monday, October 04, 2021

Wednesday, March 31, 2021

N.Y. Mets: The Confounding Michael Conforto Contract Crisis

From the desk: HEAD-BUTTING MR. MET

Steve Cohen 
vs. The Unknown Variable

Mighty Market Makers In Their Natural Habitat

It was the early 1990s, and baseball card fever was high.  I tried to get my hands on as many Todd Van Poppel and Ben McDonald cards as possible.  A kid named Chipper Jones and another pitcher named Darren Dreifort, in whom minor investments were also made.  Mining these prospects and others is how I first became familiar with super-agent Scott Boras.  I was lured in because whenever some highly touted amateur was about to go pro, Boras was on hand as lead and bold new principal on the scene establishing groundbreaking askings and making markets.  Therefore, I simply followed the money.

In the 2014 draft, the Mets selected one of Boris' clients with the tenth overall pick.  His name is Michael Conforto, who, after this upcoming season, becomes an unrestricted free agent.  Conforto is a huge fan favorite.  He is also the team's union representative.  This is to say Boras and Conforto potentially adhere to the same business model emphasizing player and salary advancement.  Chief among their negotiation articles is no retreat and no surrender along the salary front, only forward and upward movement.

As one of, if not the preeminent agent in the game, Boris has extracted billions of dollars out of MLB owner's bank accounts throughout this post-Marvin Miller era.  He firmly urges his clients to exercise their right to free agency.  In numerous instances, clients were encouraged to take the best offer available.  Robinson Cano is a recent example.  The Yankees made him quite the handsome offer, but Cano and his agent instead "settled" for Seattle's far more lucrative offer.  No need to revisit how that worked out, but it certainly speaks of standard operating procedures.

Boris, on occasion, has let clients dictate the location, meaning staying put in the only place they've known and grown to love.  A case in point is David Wright, who the Mets signed to the largest contract issued in team history.  Otherwise, Boris is agreeable only if the terms are relatively on par with current and projected market growth.

But whereas at least some measure of collective unity exists among (agents and) players, the MLB owner barons are their own worst enemy.  They've known this about themselves for 130 years.  This is nothing short of capitalism at work, wherein the open market is designed to set a worthy price.  If Team A is willing to compensate a player more than Team B, selling one's labor is simpler.  Hence, the extinct reserve clause.  Owners through the decades have often been suspected of colluding over certain collective bargaining issues, such as suppressing compensation.  Their problem is that one ever-present maverick owner refusing to play along and upends the buffet tables again and again.

And there's the rub ...

I am fearful of Scott Boris bringing Michael Conforto to the free-agent banquet and having some other organization sweeping in and making an offer they can't refuse (be it on a personal basis or for the betterment of players).  What will burn me more is if it's to a team that knowingly cannot afford him and will seek to trade said player within a few years - a scenario we've seen played out many times before.

Thus, there is no reason for debating Conforto's worth.  That's for Steve Cohen to decide.  He knows all about being a market maker.  But unlike Scott Boris, he lies on the bidder side of this transaction.  You or I could rationalize why Francisco Lindor deserves more money than Michael Conforto.  But Scott Boris can indeed convince some owners (sans Steve Cohen) why Michael Conforto is on the cusp of becoming the best baseball player.  You or I couldn't convince ourselves of that, I believe.

The questions beg to be asked: is Conforto a franchise player or someone who elevates the brand?  More importantly, what owner will value Michael Conforto in their uniform more?  This now seems more about needing to overpay if only to satisfy an increasingly itchy fanbase.
 
What I can say with some certainty is what the union has achieved for its past players laid the groundwork for today's players, which in turn benefits tomorrow's players, and so on.  

Michael Conforto shares an emotional connection with Flushing.  Francisco Lindor, not so much, or not yet.  And whereas Conforto has 2015 stamped on his Mets resume, Lindor's is yet to be written.

Unfortunately, hometown discounts under today's conditions are bad business. 


Sunday, February 28, 2021

Grapefruit League Preview, Sky King, and "Ya Gotta Believe" on Another Metsian Podcast

From the desk: HEAD-BUTTING MR. MET

with SAM, RICH & MIKE

Opening Day in the Grapefruit League
Mets Roster Projections 
Bullpen - Third Base - Luis Rojas
Pete Alonso > Social Media < Steve Cohen
The 1973 National League Champion New York Mets
and so much more!

ninety-five minutes




#LGM

Monday, February 15, 2021

N.Y. Mets: Like a Nor'Easter Over Flushing Bay

From the desk: HEAD-BUTTING MR. MET


Pitchers & Catchers report in two more days when finally the Mets can again set about the business of playing baseball.

After one of the most comprehensively altering off-seasons in Mets history, Flushing begins digging out from a winter Nor'Easter marked by hype, controversy, and transformative acquisitions.   

Once his Mets' purchase was finalized by Major League Baseball, Steve Cohen officially arrived on the scene in November.  At long last, the Wilpon Era was over.  Replete with a Twitter account at the ready, Cohen, in an instant single-handed revived the spirits of New York City's increasingly despondent National League fan base.

Already a minority shareholder in the team, Cohen and Sandy Alderson were by no means strangers to one another.  However, I still wonder why Cohen acted so quickly in hiring Alderson to be his President of Baseball Operations.  With Steve Cohen in place, being a Mets executive instantly became one of the most sought after positions in all of baseball.  Why not wait and play the field or see who makes themselves available?  Instead, Cohen wasted little time in recruiting Sandy Alderson back into the Mets fold.  In turn, Alderson wiped out all vestiges of Brodie Van Wagenen's front office, all except "the survivor" John Ricco, that is.

Before hiring a general manager, Sandy Alderson's skeleton crew moved quickly in signing free-agents Brian McCann and Trevor May and executing the mega-deal for Francisco Lindor and Carlos Carrasco.  Not till a week after the big trade was Jared Porter hired as general manager.  All of this taking place in December.  

Flushing goes on to revel in one of the happiest New Year's holidays of recent history, pandemic withstanding.  But then a major controversy came crashing the party.  Roughly one year after hiring Carlos Beltran as manager then immediately having to let him go when it was discovered he participated in the Houston Astros sign-stealing scandal, the Mets, after less than forty days on the job are forced to fire Jared Porter post-haste after it was revealed he texted numerous unsolicited lewd pictures to a female reporter.

Kicking off the month of February, news comes down of similar behavior involving former manager Mickey Callaway.  In what is being called the "worst kept secret in sports," several female members of the media claim Callaway's harassing behavior spanned five years, covering his time in Cleveland, New York, and Anaheim.  

As one who hired both, these incidents put Sandy Alderson's hiring practices squarely under the spotlight.  When a reporter questioned if he ever consulted with a woman at any point during his vetting of Porter, Sandy Alderson said no.  Therefore, it's now up to him to decipher whether his practices are fundamentally flawed, self-serving, or otherwise.

Then came the GameStop and supposed stock manipulation uproar that caused Steve Cohen's professional life as an investor to bleed over into his endeavors as Mets owner.  He suspended his Twitter account at once, and you might say the honeymoon period ended with it.

Meanwhile, free agency was not as cooperative as Mets fans anticipated.  However, for the first time in a long time, spending power was not a primary issue.  It certainly appears as if George Springer and Trevor Bauer never once contemplated playing in New York.  Instead, each used the Mets to facilitate an agreeable contract elsewhere, for it takes two to set a market ... just ask Baurer's agent.  I am actually very agreeable to missing out on both.  Just because they were the best available doesn't necessarily make them worthy of premium dollars.

This month's second wave of transactions saw the trading away of Steven Matz to Toronto for three prospects, one of which the Mets parlayed into Kansas City's eighth-ranked prospect, outfielder Khalil Lee.  Alderson and interim general manager Zack Scott also traded for pitchers Joey Lucchesi and Jordan Yamamoto.  From the free-agent market, they signed outfielder Albert Amora Jr, pitcher Aaron Loup, and infielder Jonathan Villar.

And that was only in the first one hundred days of the Cohen Era.

The Mets still have several outstanding issues entering Spring Training.

Major League Baseball will not be implementing a universal DH this season.  As rules go, I'm happy about it, but it's problematic for the Mets.  The likely alignment when the Mets are not playing American League teams is Dom Smith playing left and Pete Alonso at first.  Otherwise, Dom Smith will DH and make the occasional start at first - not an optimal situation.

Albert Almora Jr. brings a potential platoon into the center field equation.  This is, of course, the backup plan after having missed out on George Springer.  Brandon Nimmo looks to be the starter heading into the season.  In fact, I welcome Nimmo and his career .838 OPS.  At the very least, Albert Almora Jr. should become the customary late-inning replacement.

The situation at third base remains fluid.  The job belongs to JD Davis until notified otherwise.  No one is questioning his bat.  However, his glovework leaves much to be desired.  Thus the Mets seem more than interested in making another move.

Meanwhile, Francisco Lindor and Michael Conforto have pressing contract concerns that require the Mets address.

Lastly, on the premise simmering in pockets of Metsville, that because the Mets have a billionaire owner, their inability to secure JT Realmuto, Brad Hand, George Springer, Trevor Baurer, James Paxton, D.J. LeMahieu, Cory Kluber, Nolan Arenado, et al, constitutes a failed off-season.

To all of it, I say, nonsense.

Saturday, February 06, 2021

N.Y. Mets: Free Agents Giving New York Cold Shoulder

From the desk: HEAD-BUTTING MR. MET

Trucking Down I-90 
With Mixed Bags of Goods

I think it safe to say this winter's free-agency period hasn't gone quite the way most fans anticipated. 

After a decade of penny-pinching by the previous regime, new incoming owner Steve Cohen, who finalized the purchase of the team in November, was rather matter-of-fact in stating that here on out, things would be different.

Without yet naming a general manager, Sandy Alderson, addressing the team's need at catcher, elected to not play the market.  The Mets pounced on James McCann at the very reasonable if not bargain price of $40.6 million over four years.  That transaction was negotiated back in mid-December.  Whereas just one week ago, JT Realmuto finally re-upped with Philadelphia for $115.5 million over five years - a net difference in total compensation of $74.9 million.  That's nothing to sneeze at.

McCann is a solid backstop.  The Mets may even get more than what they paid for.  The soon to be 31-year old is an improvement (from Wilson Ramos) both defensively and as a receiver.  His rate of caught stealing is well above average.  He has never played in more than 118 games (72.9%) nor achieved 500 plate appearances in any of his five-plus full seasons in the bigs.  However, the Mets are signing him on an offensive uptick.  In 2019 while with the White Sox, McCann registered career highs in all batting categories for a season that somewhat resembles JT Realmuto-like production.  Last season, he was arguably on track to surpass those numbers.

Sandy Alderson followed up with the signing of free-agent reliever Trevor May.  Along with the trade acquisition of Francisco Lindor, all seemed well.

And then, all of a sudden, things changed.  I still ponder why the Mets seemed disinterested in reliever Brad Hand who signed on with rival Washington.  Meanwhile, the matter of Jared Porter, GameStop, and the subsequent halt of Steve Cohen's own Twitterverse cannot go unspoken.

George Springer, who when considering where to sign, supposedly said he would like to be close to his home state of Connecticut.  Therefore, he elected to take his talents to Toronto rather than Flushing, Queens.  Because nothing is more alluring than the Canadian tax rate and an eight-hour drive after work.

Most recently, Trevor Bauer finally agreed to sign with the Los Angeles Dodgers.  After all, he is from North Hollywood.  This would be a fine time to make Bob Nightengale jokes, but I won't.  Bauer's agent, meanwhile, was busy creating her own Twitter maelstrom.

In the instances of Springer and Bauer, the Mets were financially competitive.  Money, for a change, was not an insurmountable issue.  The decision not to out-bid Toronto was arguably a sound one.  Whereas the Mets appeared willing to reset the bar in average annual value with Trevor Bauer.

Now, I, for one, do not believe Bauer is worth that kind of dollar.  At the same time, I'm less interested in short term average annual value than I am crippling long term commitments.  In Bauer's defense, teams may recognize they are paying for what he will do, rather than what he has done.

All this being said, I have a saying: once is an event; twice is a coincidence; three times is a trend.

Two players chose not to play in Queens.  They used the Mets to secure comparable contracts elsewhere.  I'm trying to find blame with Sandy Alderson, but the truth is told, I can't.

... and people were worried about Steve Cohen upsetting MLB's financial landscape with his spending potential.

I recall the last time Toronto went on a spending spree, a fellow named J.P. Ricciardi was writing those checks.  How did that work out for them?  The Dodgers are big spenders, have been ever since Magic Johnson's group took over control of the organization. 

Moving forward, I also have no real interest in free-agent center fielder Jackie Bradley Jr.  If my choice is between JBJ and Brandon Nimmo, I'd rather stay put.


Friday, January 15, 2021

A Metsian Podcast: Gathering Round the Hot Stove With Director Phil Maillard

From the desk: HEAD-BUTTING MR. MET

With SAM, RICH & MIKE
The band was back together again

GUEST
The return of video director, media content creator, Mets fan, and co-founder of

109 minutes



Special focus on Cleon Jones, his charitable work in his hometown of Mobile, Alabama, and his efforts toward the education and preservation of Africatown.


Monday, November 16, 2020

A Metsian Podcast: Inside Steve Cohen's Purchase of the Mets with Journalist Laura S. Goldman

From the desk of: HEAD-BUTTING MR. MET

With SAM, RICH & MIKE

GUEST
Journalist ~ Consultant
Wharton Grad and Provocateur

seventy-four minutes



⚾               ⚾               ⚾

We open the podcast with Laura S. Goldman, who provides a business insider's report about Steve Cohen's recent purchase of the New York Mets.  The bidding process, players and pretenders, outstanding debt, the status of SNY, and property redevelopment rights; are all on the docket.  Afterwhich, A Metsian Podcast lights the Hot Stove.  We debate and discuss off-season priorities, the merits of Seth Lugo as a starter, or reliever, and update the Brooklyn Cyclones future course.  The podcast winds down with a 1967 New York Mets retrospective.   #LGM
Our guest Laura S. Goldman is a graduate of the Wharton School at the University of Pennsylvania.  Her financial investment career includes work with Merrill Lynch, Paine Webber, and her own firm which cleared through Bear Stearns.  She's presently a consultant at LSG Capital as well as ABC News where she helped produce the presidential election town halls moderated by George Stephanopoulos.

Wednesday, November 11, 2020

Meet The New Boss on Another Metsian Podcast

From the desk of: HEAD-BUTTING MR. MET

With SAM, RICH and MIKE

We packed the house to throw Steve Cohen a welcoming party

ninety-three minutes





Here's to a brighter future in Flushing!

LET'S GO METS!

Monday, November 02, 2020

Rolling Out the Welcome Mat For Steve Cohen w/ Greg Prince on Another Metsian Podcast

From the desk of: HEAD-BUTTING MR. MET

with SAM, RICH & MIKE


GUESTS
&

106 minutes



We're a mere formality away from Steve Cohen assuming full control of the New York Metropolitan Baseball Club.  Celebrations have erupted throughout social media, with anticipation of the deal being completed in ten more days.  Until then, we dust off the Hot Stove in preparation for what should be an exciting off-season.  But tonight, we break out the party hats and noisemakers.  It's party time!

#LGM

Monday, September 28, 2020

End of THE WILPON ERA and 2020 Season Wrap-Up with THE KRANEPOOL SOCIETY Stephen Keane on Another Metsian Podcast

From the desk of: HEAD-BUTTING MR. MET

With SAM, RICH & MIKE

GUEST

105 minutes



That's a wrap on one of the most uncommon regular seasons in baseball history.  Congratulations to all on a job well done.  Let the post-season begin!  The Mets, however, will be watching from afar.  Their season ends on a bittersweet note.  An era of Mets baseball comes to a rather common end: at the bottom of the standings with a sub .500 record.  However, fans are banking on better days ahead.  For now they anxiously await finalization of the deal that takes the Mets out of Wilpon Family control, and into the hands of hedge fund billionaire and lifelong Mets fan, Steve Cohen.  Ownership, Sandy Alderson, Brodie Van Wagenen, the manager, the weird 2020 season and the future of Mets baseball are all on tap on this week's A Metsian Podcast. 

#LGM


Friday, September 25, 2020

N.Y. Mets: Meet the New Boss, Same as the Old Boss

From the desk of: HEAD-BUTTING MR. MET 



"If I am fortunate enough to be approved by Major League Baseball as the next owner of this iconic franchise, Sandy Alderson will become president of the New York Mets and will oversee all Mets baseball and business operations." - Steve Cohen

When the Mets are a competitive team and a good draw on the road, other teams make money.  Therefore, I do not foresee Steve Cohen encountering problems with gaining approval from owners.

While Cohen has yet to officially take over, he has already improved the Mets immeasurably by tentatively hiring a president of baseball operations.  What this team has lacked above all else over the last thirty years (post Frank Cashen) is a firm front office structure and a rigid chain of command.  That's no criticism against Steve Cohen's selection to fill the position.  Rather, it's an indictment against the outgoing chief operating officer and chairman of the board.  

However, I am a forward moving creature and so my initial reaction upon learning Sandy Alderson is tentatively returning to the organization was tepid - been there and done that.  I believe Steve Cohen immediately makes the Mets president of baseball operations one of the most sought after positions in baseball.  Therefore, I would have preferred Cohen wait and first let some of the self-aggrandizing candidates around the leagues marinate in contemplation over their own respective futures.

Just to see who pops up ...

That being said, I am not at all averse to Alderson's return because the available resources and more importantly the mandate from up above are about to change.  Lest we forget Alderson previously operated the Mets while constrained by ownership's financial maladies.  But I'm sure the soon to be 73-year old has no want for returning to his old post.  At this stage of his career, delegating responsibilities from the PBO's office is a perfect fit.  Now Alderson potentially sets the parameters.  As president he has three jobs: make sure the owner's directives are met, run the entire baseball operation including salary and P&L, and make sure the latter never comes in conflict with the former. 

If I had my druthers, Brodie Van Wagenen is toast.  I want Sandy Alderson vetting the Western Hemisphere for a new general manager.  And if he can help it, I do not want to be disappointed.  

Thank you ...

Once upon a time, I thought it somewhat impressive when Alderson brought in Paul DePodesta and JP Ricciardi under the same roof.  I do not see that happening again.  But it wouldn't surprise me if Sandy  Alderson's reaches out to former scouting director Tom Tanous and farm director Ian Levin.  Entering the 2019 season, Brodie Van Wagenen retained Alderson holdover Marc Tramuta as scouting director, but replaced Ira Levin with former Red Sox executive Allard Baird.  In fact, Brodie Van Wagenen is widely complimented for recruiting Baird, Jarred Banner and Adam Guttridge into the front office.  But for all we know Alderson may already have other candidates in mind.


What's important here, is that Sandy Alderson effectively gets to build a front office from scratch.  And like a skeleton to a body, this front office will finally have a backbone.


Tuesday, September 22, 2020

N.Y. Mets: Nelson Doubleday Prophecy Fulfilled

From the desk of: HEAD-BUTTING MR. MET

THE FORTY YEAR DUPE
Behind the Great Wall of Flushing


I - PAYSON ERA COMES TO AN END

What begins in 1962, and culminates in 1969, slowly starts to unravel in the decade ahead.  Sadly, in 1972, beloved manager Gil Hodges passes away.  He is followed three years later by the Ol' Perfessor Casey Stengel and team founder Mrs. Joan Payson.  Organizationally speaking, Bing Devine and Whitey Herzog are no longer procuring young talent for the club.  Charge of the front office and baseball operations by the mid-1970s are essentially left in the hands of M. Donald Grant.  Fan favorites Rusty Staub, Tug McGraw, and Tom Seaver are traded.
(Grant).. "doesn't know beans about baseball." - Whitey Herzog
Minority owner M. Donald Grant seemingly has no compunction playing the fan perceived role of villain.  The deconstruction of the "Amazin" and "Ya Gotta Believe" Mets continues under general manager Joe McDonald.  Meanwhile, Joan Payson's daughter and heiress Lorinda de Roulet has her own qualms as a baseball magnate.  The aptly labeled Dark Years (1977-1979) are distressing times for Mets fans, young and old.  Ed Kranepool, the last vestige of the Miracle Mets, in 1979, announces his retirement, officially punctuating the end of a nineteen-year-long era.


II - A CONTENTIOUS PARTNERSHIP (1980-2002)

By 1980 the Payson Estate puts the Mets up for sale.  Ed Kranepool submits a bid, but Lorinda de Roulet (as Kranepool describes the process) decides to sell within her inner social circle, including none other than Fred Wilpon.  Along with his brother-in-law, he, Saul Katz, each put up $650,000 as part of a record 21.1 million dollar bid for a major league team.  Now all they need is someone to put up a majority share and unwittingly agree to become a non-managing partner.  John Pickett, the (then) owner of the New York Islanders, brings Fred Wilpon in contact with publishing titan Nelson Doubleday who ironically agrees to put up 80% of the purchase price without first reading the fine print.  He would come to learn of his misstep the hard way.

Within a few years, the team embarks on its greatest span of sustained success.  From 1984 through 1990, no National League team wins more games than the Mets.  They capture two division titles and win one World Series.  After a ten year intermission, the Mets return to the playoffs in 1999 and in 2000 clinch the organization's fourth ever National League pennant.  

However, the business relationship of 22-years, which begins amicably (at best), quickly deteriorates to the point Doubleday grows to loathe whom he comes to view as his duplicitous partner.  In 1986, Nelson Doubleday was selling his family's publishing business to Bartelmann's.  As part of Doubleday's own reorganization, Nelson, Fred Wilpon, and Saul Katz agree to become equal partners in purchasing the Mets from Doubleday and Co. for $85 million (and an agreement to assume $25 million in team liabilities).  Soon after, the New York Times wrote that it was quite possible Doubleday and Fred Wilpon (and Saul Katz) would not have become 50-50 partners, had Doubleday been aware of the clause in their original agreement which provides Wilpon the right of first refusal on any sale of the team.  The issue of Fred Wilpon's right of refusal resurfaces in 1992 when an irate Nelson Doubleday makes a veiled threat to sell his half of the Mets in protest after a majority of MLB owners vote in favor to oust commissioner Fay Vincent.

Otherwise, the two continue bickering over a great many issues, some more famously than others.  Whereas Nelson Doubleday thinks it is business-wise to extend Mike Piazza, Fred does not.  Instead of investing in one of baseball's premier players, Fred is hell-bent on building a new ballpark.  Doubleday knows they can't afford such a grand undertaking and instead proposes to renovate Shea Stadium.

Nelson's growing animosity towards Fred escalates to a point where they occupy separate boxes during games until Doubleday just stops attending.  After years of infighting, they ultimately deem their differences irreconcilable, and by 2002 Nelson Doubleday declares he is done with baseball.  A contentious court battle ensues over the team's fair market valuation resulting in Doubleday being forced to settle on a buyout far below his expectation.

On the way out Nelson Doubleday takes some parting shots at his former partner and son, whom he likens to a "little Pharaoh" and scoffs at the notion of Jeff "learning how to become a baseball man."  Doubleday implores media and fans, ".. run for the hills!" because Fred Wilpon, "is going to run the Mets into the ground."

Very similar to Whitey Herzog's assessment of M. Donald Grant, is it not?

Most, if not all, Mets fans would agree Nelson Doubleday was the more astute of the two partners and possessed the higher baseball acumen.  But with his exit, so went Fred's check and balance, the front office's operational conviction, and, above all, ownership's Mets-centric sensibilities and team pride!


III - ROAD TO RUIN

With Doubleday out of the way, Fred Wilpon focuses his full attention on building Citi Field.  Fred owns the blueprints to Ebbets Field.  He slaps them on his architect's desk and says to him, this is what he wants.  

But how is Fred Wilpon going to satisfy his payment to Nelson Doubleday and still afford to build a new ballpark when his former partner already publicly declared the plan unfeasible?

In 2015, the New York Times wrote that Fred Wilpon and Saul Katz used their accounts with Bernie Madoff to persuade lenders into refinancing certain loans.  This permits them to buyout Nelson Doubleday (according to the lawsuit filed against the Mets owners by the trustee for the victims of Madoff's fraud).  

In a separate 2011 article, former Mets general manager Frank Cashen acknowledged to the New York Times, it was his understanding that several million of his deferred compensation had been invested with Mr. Madoff.  This suggests Bernie Madoff was no stranger to those in and around the Mets front office and that Fred Wilpon and company by this time were already hedging and manipulating accounts.

Fred's next move is firing Steve Phillips and ordering interim general manager Jim Duquette to cease spending.

Lastly, Fred promises lenders that Citi Field will be packed annually with 3.5 million fans.

After two seasons, Fred replaces Duquette with Omar Minaya.  Ownership is agreeable to Omar's payroll increases as long as their realigned Madoff accounts continue sustaining the load, which they do right up until Dec. 8, 2008, when the most egregious investment Ponzi scheme in American history is revealed.  The Mets organization is financially devastated.  Meanwhile, the grand opening of Citi Field, replete with all its inherent debt, is just four months away.

Loans, secondary loans, and refinanced loans get ownership nowhere.  By 2012, the Wilpons are left with little choice but to sell limited minority shares in the team.  During this time, Steve Cohen initially purchases his shares in the Mets (as do notables Anthony Scaramucci and Bill Maher).  The sale staves off creditors for a fleeting moment.  All these years later, the Wilpons remain hundreds of millions in debt.  Never able to fully recover, on September 14, 2020, forty years after submitting their initial bid to purchase the club, Fred Wilpon, Jeff Wilpon, and Saul B. Katz finally agree to sell the New York Mets baseball club to Steve Cohen.

Eighteen years after gaining full control of the Mets from Nelson Doubleday; twelve years post-Bernie Madoff implosion; Fred and Jeff Wilpon leave the Mets behind after running the club into the ground, just as Doubleday prophesied.  

Doubleday's departure and Bernie Madoff's Ponzi scheme are separated by a mere six years. 

Six ...


IV - FRED WILPON'S CONCATENATED GENERAL MANAGERS

Keep in mind Fred Wilpon is the managing partner.  How he and Jeff run the front office proves as defective as their finances.  They maintain what they call a collegial condition wherein all executives in the loop hold some sway.  But we know that really means over-involvement and mass meddling.  Frank Cashen would have never allowed such a thing.  Thus the list of ensuing general managers hired after Cashen's retirement proves beyond a reasonable doubt how Fred refuses to operate outside his sphere of comfort and competence.

Before stepping down after the 1991 season, Frank Cashen has already stocked the front office with Al Harazin, Gerry Hunsicker, and Joe McIlvaine.  Cashen would later recruit Steve Phillips, who, in turn, recruits into the front office, Jim Duquette and Omar Minaya.  

Before the 1992 season, Fred and Frank Cashen select Al Harazin as the next general manager.  The decision alienates Joe McIlvaine, who takes the general manager's position in San Diego, and Gerry Hunsiker, who accepts the general manager's post in Houston.  Here in Flushing, the 1992-1993 Mets go down as the worst team money can buy.  As such, Al Harazin is relieved of his duties.  But instead of vetting out a new general manager, Fred gets on the phone to Gerry Hunsiker, begging for his return.  After being rebuffed, Fred gets on the phone to Joe McIlvaine, who acquiesces.  Joe becomes notorious for going on scouting trips without informing Fred and for not returning his calls.  This infuriates Fred, as it goes against his collegial office structure.  McIlvaine is fired.  But instead of vetting out a new general manager, the job is handed to Steve Phillips.  Meanwhile, Omar Minaya accepts the general manager's position in Montreal.

Under Phillips, the Mets in 2000 return to the World Series, but the partnership between Doubleday and Wilpon is soon ending.  By 2003, the Mets are a last-place club with the highest payroll in the National League.  Fred freezes team spending until the deal with Nelson Doubleday is closed.  In the meantime, Steve Philips, for various reasons, is fired.  Fred then tasks Jim Duquette as general manager while he tries to restore financial order.  Before the 2004 season is through, Fred Wilpon is again ready for a new general manager.  But instead of vetting out a new executive during the off-season, Fred places a call to Omar Minaya's office requesting his return to Flushing.  Minaya gladly accepts the Mets offer.  He is the general manager when the Bernie Madoff news breaks.  Omar's run ends after the 2009 season.  

A long concatenate of organizationally familiar, if not inbred, executives is finally broken.  Moving forward, Jeff Wilpon is poised to play a leading role in vetting out the next general manager.  However, despite conducting an extensive (albeit feeble) search, Commissioner Bud Selig intercedes by politely imposing Sandy Alderson upon the Mets in light of their fast worsening Madoff condition.  Although unsolicited, Alderson represents the first executive/general manager since Frank Cashen, who is not previously associated with the Mets.  Alderson's not-so-secret mission is to keep the National League's New York City member club afloat in light of ownership's dire financial straits.

After an "old school" rebuild in 2015, the Mets clinched their fifth ever National League pennant.  But their success is short-lived.  During the 2018 season, Sandy Alderson steps down, citing health concerns.  Rumor has it Jeff was already contemplating Alderson's dismissal.  Be that as it may, Jeff Wilpon decides the team will finish out the season with himself, John Ricco, and Omar Minaya (back with the organization) serving together as general manager.

Because that makes perfect sense ...


V - THE COO

Sandy Alderson was clearly a hockey stick thrown into Jeff's bicycle spokes.  But opportunity presents itself again when the Mets general manager steps down.  After conducting another disingenuous vetting process, Jeff Wilpon hires Brodie Van Wagenen, an agent and a personal friend of his, to be the next general manager. 

And there's the rub ...

Instead of competently hiring a well respected and proven executive (such as the available and highly touted Chaim Bloom, per se), Jeff takes the safe route in hiring someone he trusts on a personal level - general manager experience be damned.  Jeff ultimately employs someone who will let him meddle till his heart's content.

Nelson Doubleday never thought much of Jeff.  All these years later, we have a better understanding of why.  He's straight out of a textbook: nepotism, elitism, hubris, lack of practical experience, lack of leadership and interpersonal skills, certainly no self-awareness, lack of accountability and novice superintendence, not to mention his spoiled petulance to the very last insofar as closing out negotiations and final transfer of the team ... everything you'd expect from the owner's son.

"..little Pharaoh."


VI - THE RECORD (2003-2020)

Three Playoff Appearances: 2006, 2015-2016
  • Eighteen seasons under Wilpon's ownership
  • One National League pennant 
  • Two N.L. East titles
  • One Wild Card
  • Seven winning seasons
  • Eleven losing seasons
  • Overall Record: 1,381-1,426 (.491) w/ six games left in 2020


VII - LEGACY LOST

Picture if you will ...

A Brooklyn kid and Dodgers fan grows up in the neighborhood of Bensonhurst.  He pitches a no-hitter for Lafayette High School.  Playing to his left is first baseman, Sandy Koufax.  This kid matures into a prominent real estate developer.  In 1980, he and partner Nelson Doubleday rescue Mets fans from the Dark Years.  Fans are thankful.  By 1986, the Mets are world champions, and for the rest of the decade, dominate the local baseball scene.  After capturing another pennant, Nelson Doubleday decides to retire.  Fred Wilpon assumes full ownership of the club.  Mets fans are again grateful and appreciative that their favorite baseball club remains a family-run organization and not owned by some cold corporate Death Star conglomerate.  Within a few years, the Mets are back in the playoffs and go on a wildly successful three-year run.  They recapture the heart of New York City and closeout Shea Stadium gloriously.  In 2009, the Wilpons open the doors to brand new Citi Field, a thoughtfully constructed monument to Mets baseball and its National League heritage.  Joan Payson, Gil Hodges, and Tom Seaver commemorative statues mark the third base, home plate, and first base exterior.  The interior rotunda is a grand museum dedicated to Mets baseball, with additional life-size commemorative statues of Casey Stengel and Willie Mays in his Mets uniform.  Other tasteful hints of the Polo Grounds and Ebbets Field are easily detectable by the observant fan.  Once inside, one can cross the Shea Bridge and visit the New York City Negro Leagues Museum with prominent exhibits featuring Jackie Robinson and a host of others.  Fans give their new home a rave review, and the symbiotic relationship with ownership continues.  Happy fans keep packing Citi Field to the tune of 3.5 million per season.  None of which is lost on Fred and Jeff Wilpon, who continually reinvest into the club while driving down debt on Citi Field.  The Mets return to the World Series in 2015 and have since remained a top National League contender.  I was 13-years old when Fred and Nelson Doubleday originally purchased the club.  Forty years later and I'm now 53-years old.  I've been fortunate to be a fan of a well-run organization.  Moving forward, Jeff and the family are more than welcome to occupy the next forty years of my life.  After all, good owners are hard to come by.  Fred Wilpon has been a local hero to us; a Brooklyn kid does good.

As if ...

They do nothing of the kind. 

The Wilpons have impacted forty years of my life.  At this point, it's best if they just leave.

Story over.