20 Jan 2015
Comments Off on Meet The New Boss…
Rob Manfred has made some committee decisions and he is not off to a strong start.
First, he has removed any owner who voted against him from the executive council. Hal Steinbrenner and others are on, John Henry and others are off. That seems like pretty blatant favoritism to me.
Second, he has appointed Fred Wilpon as head of the MLB Finance Committee. This one is even better because Wilpon was a pretty famous victim of Bernie Madoff. In that respect, he certainly had company. But Wilpon was sued by the trustee of Madoff”s victims for showing “willful blindness” to Madoff’s schemes. Wilpon eventually settled that claim for $162-million.
And the Mets also have reduced their payroll from $140-million to a projected $82-million this year. Considering they play in New York and reap the revenue benefits of that, should they really have the 22nd-biggest payroll in MLB?
But the guy who presided over the collapse of the payroll from $140-million to $82-million and was accused of being complacent in the Madoff scheme is now running MLB’s finance committee. Perhaps I celebrated the demise of Bud Selig too soon.