Mar 29

Why The Mets Opted Not To Insure Santana’s Contract

Johan santana Subway

Adam Rubin of ESPN New York, does a fine job of explaining why the Mets chose not to insure Johan Santana’s contract.

The Mets will be on the hook for the remaining $31 million owed to Johan Santana because they did not insure the contract.  Why?

As premiums have skyrocketed because of escalating salaries and past payouts — such as the bailout when Mo Vaughn was owed $17 million and could not play for the Mets in 2004 — the organization began more often “self-insuring” its larger contracts than seeking outside coverage. In essence, the Mets chose to create a rainy-day fund available so that the organization would not be crippled financially by the loss of a key player due to injury.

It saves potentially a $2 million insurance premium per year to protect a contract, although the amount annually paid to an insurance company naturally decreases as the years on the contract elapse — like you’d pay less to an insurance company on a car as the years go by and the vehicle is worth less.

Across baseball, outside insurance has “declined tremendously,” according to one baseball official.

Santana was self-insured by the Mets, whereas the Mets contracts for Carlos Beltran, Jose Reyes, Tom Glavine and Mike Piazza’s were insured externally during their Mets days as well. David Wright’s last contract also was insured externally.

You can read the rest of the article including all the details here.

Feb 10

What I Make Of Piazza Admission

I concede disappointment in Mike Piazza’s admission in his autobiography he took androstenedione, but only because it further lends to speculation he might have used PEDs.

From andro to steroids is the logical, but unsubstantiated conclusion. Once again, Piazza denied using steroids, but this certainly won’t enhance his Hall of Fame chances. Piazza received over 50 percent of the vote, but still was far short of induction. Part of that percentage was from my vote, and for that I still have no regrets.

My criteria was there was no admission of steroid use; he never failed a drug test; was not mentioned in the Mitchell Report; and nobody accused him on the record. There was only the subject of columns pointing out his back acne. To me, Piazza had the statistical career to warrant induction and the acne is only innuendo. As a journalist, I don’t operate on speculation.

Andro was not a banned substance by MLB when Piazza claims to have used it, nor was it illegal. Steroids, however, are different in that before they were banned by MLB, they were illegal in society without a prescription.

Regarding PEDs, Piazza wrote:  “Apparently, my career was a story that nobody cared to believe. Apparently, my success was the work of steroids. Had to be. Those were the rumors. … It shouldn’t be assumed that every big hitter of the generation used steroids. I didn’t.’’

Of course, Piazza could by lying. Lance Armstrong lied. Pete Rose lied. Barry Bonds and Sammy Sosa lied. It wouldn’t be a shock, but for now I believe him and do not regret giving him my Hall of Fame vote.

 

Jan 19

Mets’ Farm Team Cyclones To Host Lame Promotion

I don’t know with any certainty the truth in the Manti Te’o hoax. Only he does. I am not thrilled ESPN supposedly interviewed him, but there is no video. How does a network make that concession.

Let us give him the benefit of doubt for a moment and Te’o is a victim and was duped. Then that makes the Mets’ Single-A Brooklyn Cyclones’ promotion lame on so many levels. It would be capitalizing on someone’s misfortune. But, if Te’o were in on it, then why would they want to associate themselves with such a sick thing?

The Cyclones announced June 21 will be Fictitious Friday and with Sidd Finch taking on Roy Hobbs and the New York Knights. The team also said the Beatles will perform a pre-game concert. There will also be a petting zoo for the kiddies, with a unicorn, Minotaur and mermaid.

Just one contrived thing after another. Not so much funny and clever as it is forced. You can’t force humor.

In explaining the promotion, Cyclones GM Steve Cohen said: “Everywhere you look, there seems to be another story about an athlete that was covering up something.

“People don’t know who, or what, to believe any more. That got us thinking, we should have a night where our fans don’t have to worry about what’s real and what’s not, we’ll just tell them everything planned for that night is a hoax.’’

The event seems forced and by the time June rolls around, the Te’o thing could be forgotten. But, what if it’s true? What if he were duped? That would be capitalizing on someone’s misfortune which is extraordinarily weak.

It will come off like a bombed skit on Saturday Night Live. A clever idea gone sour.

By the way, if the Cyclones really wanted to make a point about a hoax, they should have a steroid night with character athletes playing Barry Bonds, Sammy Sosa, Mark McGwire and Roger Clemens. And, if they did that, somebody will be sure to ask about Mike Piazza, only that hits too close to home.

This idea is weak from the start and the sooner it is abandoned the better.

Jan 13

Mets Matters: Team Considering Brian Wilson And Honoring Piazza

ESPN reported former Giants closer Brian Wilson worked out for Mets GM Sandy Alderson in California.

The 30-year-old Wilson underwent Tommy John surgery last season and could be a decent risk on two fronts: 1) he’s young enough to where he could replace Frank Francisco after 2013, and 2) if he rebounds the Mets could get something for him at the July 31 trade deadline.

Wilson is far from ready, so if the Mets bite it would be a gamble. Wilson says he’ll be ready by Opening Day. Wilson made $8.5 million last year from the Giants.

Whether Wilson replaced Francisco this year or next is irrelevant. If he’s healthy he could aid a currently weak bullpen.

METS COULD HONOR PIAZZA: I voted for Mike Piazza for Cooperstown, so I have no problem with him going into the Mets’ Hall of Fame.

Reportedly, the team is also considering retiring Piazza’s No. 31. I don’t have a problem with that, either, but there are other worthy candidates the club should think about first, notably Keith Hernandez, Darryl Strawberry, Gary Carter and Dwight Gooden.

All were significant members of the team’s most dominant era.

Jan 12

Piazza Denies Steroids In Book

Some writers claim they voted NO on Mike Piazza for the Hall of Fame did so because his book, “Long Shot,” isn’t to be released until Feb. 12, after the induction announcement. Coincidence or deliberate timing?

You can make an argument either way, but not surprisingly Piazza denies any steroid use. Of course, nobody would realistically expect him to.

It’s pretty disheartening to hear how objective journalists painted Piazza with the same broad brush applied to Barry Bonds and Roger Clemens. Vote your conscience, but the evidence against Piazza is circumstantial at best. Pimples are not a conclusive argument.