Friday, September 23, 2011

Mets Morning News: Capuano Trade Talk, Contract Extensions, Madoff Mess

According to Adam Rubin of ESPN New York, the Mets had been considering trading Chris Capuano to the Red Sox. Unfortunately, or fortunately depending on how you look at it, nobody ever told Capuano.
"I heard about it after the game," Capuano said. "I'm glad I didn't know about it. Today I just tried to focus on the game. It didn't happen, so I don't know if there's much more to talk about."
Had the trade occurred, Capuano would have made one start for Boston, and he would not have been eligible for the postseason.

The Daily News is reporting that the Mets will exercise Terry Collins' option for 2013 sometime in the next ten days.
As for Collins' option, the team could serve two purposes by deciding to exercise it immediately after the season. Most important, it would save him from any whiff of lame-duck perception next season, his second on the job.

Collins has a two-year contract, so if the Mets wait to make the third year official, and they begin the season poorly, he might face a situation similar to Jerry Manuel in 2010. That year, every slump led to questions about Manuel's future.
Richard Sandomir and Ken Belson of the New York Times, chronicle Fred Wilpon's and Saul Katz's history as investors.
In court documents and depositions, Wilpon and Katz portray themselves as typical brokerage customers relying on Madoff’s expertise, not as executives comfortable with the complexities of stock investing. They assert that they did not understand Madoff’s investment strategy, but also that they did not question his distinctively reliable returns.
A number of people were interviewed for the story, and according to one source:
"You can’t run those businesses and be successful, and pretend you are a rube."

Another said: "These guys asked incisive questions during negotiations; they were very tough negotiating loan documents. They understood interest rates and loan swaps. They are not country bumpkins, and they had sharp people around them on the financial side."

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