Mar 15

Don’t understand Judge’s ruling in Madoff case.

I am not a lawyer and don’t play one on TV. However, I thought in this country one was innocent until proven guilty. Isn’t that basic stuff?

Doesn’t that mean the prosecution must prove beyond reasonable doubt the defendant is guilty? At least, that’s what I get from watching Law & Order.

RAKOFF: Don't understand his ruling.

I don’t get Judge Jed S. Rakoff’s reasoning the burden of proof falls on Fred Wilpon to prove his innocense. None of this makes sense. It doesn’t seem logical. And, Rakoff does not offer a legal precedence in explaining his decision.

First off all, the perpetrator in all this is Bernie Madoff, who is already serving time for his part in the Ponzi scandal. Yes, the Wilpons invested with Madoff and made money. But, didn’t they also lose money? Didn’t they have money in accounts with Madoff when this came to light? Doesn’t it make sense they would have pulled all their funds before the roof collapsed?

Since the Wilpons didn’t work actively with Madoff, I don’t understand why they should be held responsible for the losses of others. Why aren’t other investors the target of Irving Picard? On the surface that doesn’t seem right. It seems Picard is going after an easy, and public, target.

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Feb 17

Fred declares innocence; K-Rod wants fresh start.

Yesterday it was Jeff Wilpon’s spin on the Mets’ legal issues. Today it was father Fred Wilpon.

WILPONS: Telling their side.

The message was basically the same:  They were duped, insists Fred Wilpon. The father said he invested millions with Bernie Madoff shortly before the Ponzi scheme unraveled. His argument does make sense: Why would he throw good money after bad if he knew Madoff was scamming him?

It’s a reasonable defense, but only the legal process will decide if it holds water. Both Wilpons said the payroll will be around $140 million, which is what it was last season. They also stressed GM Sandy Alderson wants more payroll flexibility, which is to say there will be no big signings or trades at the All-Star break. Contracts might go, but they won’t come.

With all that’s swirling around the Mets these days, it was good to see the Wilpons show up and not go into hiding. There’s nothing that screams guilt like hiding.

As for Francisco Rodriguez. He said all the right things about anger management, wanting to apologize to his teammates, and needing to turn his life and career around. For his part, manager Terry Collins said Rodriguez’s appearances to finish 55 games aren’t an issue and haven’t been discussed.

I know Rodriguez has to say those things, but who really knows what’s in his heart? Ditto for Collins.

The Mets can’t come out and say they will limit Rodriguez’s contract as it would raise ire with the Players Association and send a clear signal to the fans the team doesn’t want to compete.

It will be interesting to see what will happen if the Mets amazingly are competitive this season and are in the race deep into September. If there is a slight chance of making the playoffs, how can they limit Rodriguez.

Even so, smart money says the Mets will closely monitor Rodriguez to close save siutations. There will hold him back whenever they can to avoid the $17.5 million option from kicking in. This option is in his contract and makes him nearly impossible to trade, so don’t expect him leaving in July.

I know Carlos Beltran is going and the team doesn’t want to bring back Rodriguez. The Mets will do everything they can to unload Oliver Perez and Luis Castillo. None of that is surprising and shows their financial concerns.

To me, the one issue that dictates financial fear is Jose Reyes. If Reyes has a good year and they don’t bring him back it will raise the red flag. However, if Reyes has a poor season, it would be his third straight down year and they can’t be faulted for being conservative.

Feb 02

It’s the not knowing that’s hard

Usually teams have a rough idea heading into spring training of what to expect for the season. Not so for the 2011 edition of the New York Mets. They could move dramatically in either direction.

Sandy Alderson said he’s hoping for a competitive season, which means building up from .500 and laying the groundwork for 2012 and beyond. However, in the back of his mind, he knows it is possible he might have to blow up the team by the All-Star break.

With the Wilpons facing legal problems in the wake of their involvement with Bernie Madoff, we won’t know the full impact of their financial situation until after the lawsuits are settled and that could take a long time. While it seems doubtful they will be forced to sell controlling interest of the Mets, we can’t say that with full certainty.

And, with buying limited interest in the franchise not including a part of Citi Field or SNY, where’s the incentive for attracting new investors? That might be harder to pull off than imagined.

But, if things continue to spiral downward, it’s almost a guarantee Alderson might have to sell off some of the pieces on the field to cut costs to attract a new buyer. Carlos Beltran, gone after this season, would be the first to go. Next, I can see them dealing Jose Reyes for chips rather then spring for a long term deal. If the team tanks in the first half and he’s having a good year, Angel Pagan would draw interest.

They will attempt to trade Francisco Rodriguez, but with that $17.5 million option, that would be tough to do. About as hard as trading Oliver Perez. I’ve been hearing about wanting to get out of Johan Santana’s contract, but with him not available until at least the All-Star break, what team is going to want to take that gamble? Jason Bay’s contract makes him untradeable and David Wright, who might command the most, is the face of the franchise. You have to have some assets.

If everybody remains healthy and have good years, winning 85 to 90 games isn’t completely unrealistic. It is what the team is hoping for. You really can’t say building for because they did little this winter

However, if there’s financial pressure on the Wilpons, there’s no telling what this team could look like come July.