The Drama of the New York Mets Sale Continues

New York Yankees, Alex Rodriguez

As most New York baseball fans know, anything with Alex Rodriguez comes loaded with drama and endless media coverage. The hopeful future owner of the New York Mets decided to take to the media in an attempt to steal the team away from Steve Cohen.

Rodriguez never has received a “no” for something he wanted, no matter what dirty tricks he has used to pursuit it. From his record-setting contract with the Texas Rangers, then trade to a contender, to playing through and fighting a well-deserved suspension, Rodriguez is a master of using the media to get his way and is attempting to do so once again. This time it is backfiring big time at him.

No Money, No Team

It became apparent that the A-Rod/J-Lo group lacked funds when they enlisted the help of athletes across sports to help their cause. A-Rod used the media game to vouch for a salary cap to put teams on an even playing field. Once again, the highest-earning baseball player of all-time is demanding a salary cap. Since he knows he does not have the money to spend like a New York team should, Rodriguez is attempting to find a way to level the playing field.

One of A-Rod’s former teammates, Brandon McCarthy, took to Twitter to voice his displeasure with his former teammate’s comments.

Union rep Tony Clark also voiced his opinion saying, “Alex benefited as much as anybody from the battles this union fought against owners’ repeated attempts to get a salary cap.” This was not the only trick the Rodriguez team had up their sleeve.

The Race Card

One of the athletes involved with A-Rod is Bradley Beal. Whether Rodriguez had anything to do with it is still a question, but Beal put out a tweet involving race issues and Cohen’s “shady” past.

It seems ironic that an A-Rod led group is talking about shady decisions. Rodriguez could qualify for the same category as Barry Bonds and Pete Rose when it comes to off the field issues that are keeping them out of the hall of fame.

Plain and simple, if anyone had the money to compete with Cohen’s wallet, a salary cap or race issue would not be a question. Baseball only has one minority principal owner and it is Artie Moreno of the Los Angeles Angles. The MLB, more than any sport, can better their diversity and has issues with it within the sport, but this ownership issue is not one of race.

The Guggenheim Baseball Management group, with Magic Johnson as their face, bought the Los Angeles Dodgers in 2012 as well. Johnson has a 2.3% stake in the Dodgers ownership, but his star power had a factor in making the group popular with fans. Should his side win, Beal will likely get the same percentage.

You ask yourself this question, $1.7 billion with a net worth lower than that or $4 billion with $13.6 billion net worth? They are both enormous amounts, but the Wilpons love money more than baseball, and the MLB wants an owner who can support a winner in their biggest market. The biggest factor for this entire sale is whether the Wilpons want to keep SNY (agree to A-Rod’s deal) or hand over any power with the Mets (agree to Cohen’s deal).

Is Cohen the cleanest businessman who ever lived? No. It is hard to find someone with that much money who is completely innocent. Also, there are plenty of owners in the four major sports who are worst people; you can find a couple of them scattered in the New York sports scene.

If the A-Rod group could sniff the amount of money Cohen has, then the race card could certainly have weight to it. The extreme gap in funds, the timing of the statement, and A-Rod’s unpopularity from players throughout baseball are precisely why he is turning to plan B.

Also, think about this, Rodriguez can grab football and basketball players to join his bid, but why haven’t any former baseball players joined his quest to buy Flushing’s franchise?

New York Mets: Steve Cohen to Submit Another Bid

The long story of Steve Cohen’s pursuit of majority ownership of the New York Mets is getting another chapter. Cohen will submit another offer for the Mets after the first round of bids were weaker than the Wilpons expected.

After a tumultuous first bid, which was the closest, the Wilpons were to selling in years. Cohen could place his second bid as soon as this week and has more to spend than any other bidder in the race. He can get close if not over, the $2 billion offer the Wilpons need.

No Hard Feelings?

Commissioner Rob Manfred agreed with the Wilpons that Cohen acted in bad faith back in February. The $2.6 billion deal fell through when it seemed all but complete. It seemed Cohen would remain as the eight percent owner and no longer make a run at buying the franchise.

The combination of COVID-19 putting the entire country in a chokehold and the seven underwhelming bidders put Cohen back in the race. He is the only possible owner who could buy the team and allow the Wilpons to keep SNY.

With his checkbook ready to go, Cohen steps into a unique opportunity. The Wilpons aim for a complete sale by October, which allows MLB to approve it by the end of 2020. Cohen’s name in the hunt gives Mets fans another glimmer of the light at the end of an 18-year long tunnel.

New York Mets: Things Heat Up With Potential Sellers

New York Mets, Jeff Wilpon

As the 2020 season seems to die in front of our eyes slowly, the potential sale of the New York Mets is heating up. Former buyers and new clients are lining up to purchase one of MLB’s most valuable franchises.

The Steve Cohen saga to purchase the Mets has no end in sight. He originally backed out from the 2.6 billion dollar deal, which included the Wilpons partial ownership for the following five seasons. Cohen said the Wilpons were negotiating in “bad faith” but does not rule out entering another bid. He is waiting on the season’s resumption and will also ask for more control of SNY with his future offer.

J-Rod Ownership?

The group led by Alex Rodriguez and Jennifer Lopez are active in their pursuit of the Mets. They connected with an unnamed backer who could bring up to $250,000 to add to the group’s funds. Rumors say two investors through Galatiota Sports Partners will bring in a combined 250 million dollars.

Galatiota helped Josh Harris acquire the Philadelphia 76ers in 2011. Harris is also interested in purchasing the Mets. Based on his work with the 76ers and New Jersey Devils, he would be a terrific replacement to the Wilpons.

Wilpons Scramble

The longer baseball goes without a season, the lower the value of franchises become. The Wilpons, known for the lack of funds to run a franchise, hope to extend a 250 million dollar loan, which expires after July. They hope the loan extension is for a year, which gives time for all of the turmoil in baseball and the world to settle. They want to avoid an auction, which would make it easy for the Harris/Blitzer group to swoop in and buy.

If the Mets are not sold by 2021, they will partake in their version of Moneyball. Any high priced talent will either get kicked to the curb or never receive an offer. For most owners of a sports franchise, it becomes a business-first mentality, but it seems the Wilpon’s have forgotten about the sports side of it and just want to break even when they through with the franchise.

New York Mets: J-Lo and A-Rod Making a Second Run at Buying The Mets

New York Yankees, Alex Rodriguez

Just a short while ago, the partnership of Alex Rodriguez and Jennifer Lopez backed out of purchasing the New York Mets. After their initial proposal fell out, their partnership with JPMorgan Chase have put together a new bid in the hope of becoming the new owners of the franchise.

The couple is putting together “hundreds of millions” of their own money in an attempt to get rid of the Wilpon regime. The COVID-19 pandemic and current minor league conflicts show the family is more than ready to rid the financial burden of owning the Mets finally.

New Changes to the Plan

The original plan of only owning the franchise fell out in part of the negative revenues from solely owning the Mets. SNY’s revenues allow Wilpons to continue operating the franchise without losing money. The new plan includes SNY in the deal, new partners (no longer Wayne Rothbaum, and a long-term plan for successful ownership.

The Wilpons are not ones to prevent themselves from making an extra dime. They still want a part of SNY’s ownership in the deal but are willing to hand over majority ownership now. As rich as the J-Rod combination is, they need help to pull off a deal, especially with SNY involved.

The partnership with JP Morgan Chase guarantees large amounts of money are coming for the big. Rumors put the bid around $2 billion, and it has a much higher chance of happening than their first attempt at ownership.

Another crucial part of this deal is the joint ownership where both Rodriguez and Lopez would be front and center of the franchise. They will be active owners and attempt to undo some of the messes the Wilpon family will leave behind.

New Blood in Queens

Another aspect is creating a different environment for fans and players. They have spoken with the Kraft family, who are not interested in owning a team but in what they can do for Citi Field and the neighborhood around it. The goal is to make going to the ballgame a whole day experience, not just a game experience.

The Kraft family developed the area around Gilette Stadium to become a complex where you spend the weekend. Their interest is in developing the area around Citi Field the same way. Space is there in Queens, but fans know it is not the safest or welcoming area to hang out around after a ball game. Some of the auto shops and buildings have cleared out over the last decade-plus, but there is still a lot more work to be done there. This is why the 2013 All-Star game parade was on 42nd street in Manhattan.

The aim is to combine aspects of Wrigley Field and Madison Square Garden. The Wrigley element creates a “baseball town” for fans. The Mets fan base is as passionate as any in baseball, and they would embrace that culture. McFadden’s at Citi Field is a huge hit, so expanding that culture will fill the ballpark more often.

The Madison Square Garden aspect brings the star power to Citi Field. Just like the Knicks, the Mets have plenty of big-name celebrities from Jerry Seinfeld to Donovan Mitchell, who are avid fans. The Garden has “celebrity row” and putting together the same concept works to the Mets advantage. The stadium is next to a beautiful view, and Citi Field’s design is aging like fine wine.

There are still plenty of hoops to jump through. Other bids and negotiations are the biggest obstacles in the J-Rod ownership. But the improvement of their plans has to make fans optimistic, even as we are clueless on when baseball will return.

New York Mets: Why A-Rod Ending His Ownership Bid is a Good Thing

New York Yankees, Alex Rodriguez

Alex Rodriguez and Jennifer Lopez’s announcement to end their bid at owning the New York Mets was no shock to those familiar with the situation. In reality, the reaction to it should be applauded instead of a disappointed one.

The reputation of Alex Rodriguez in baseball comes with plenty of hate and dislike. Players who competed with and against him have very mixed opinions on A-Rod. During his non-baseball life, he has attempted to revive his character by working on television and his relationship with Lopez. In part, it is a way to separate him from the other faces of the Steroid Era and sneak into the Hall of Fame.

Why He Can’t Own the Mets

The money simply was not there for the deal to happen and allow Rodriguez to be in charge. He needed a partner to raise the necessary funds to acquire the franchise sufficiently. If that were to happen, Rodriguez would not be the one in charge of making decisions. He has never been good at playing second fiddle to anyone, which leads us to believe that partnership would not work out.

Lastly, there is no good reason for him to give up the extravagant life he has with Lopez and his children just to own the Mets. Derek Jeter was able to pull it off since he resides in Florida, where the Marlins play. He also needed 16 investors to pull off the deal, but his reputation and character allowed him to earn the role of CEO. The most significant difference between the two is Rodriguez sees baseball as secondary after he retired, while Jeter can’t stay away from the game.

While the Mets are still stuck with the Wilpons, it is even better than involving A-Rod with the franchise. If the Marlins could get Jeter to purchase the franchise, the Mets in the legendary New York market can find the owner who makes us all forget about the Wilpons incompetence.