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November 2008 Archive

(Posted 11/29/08)

For Wage-earners and Ballfans, 'Misery Loves Company'

Who could blame the many Mets fans who exulted in mid-September as the Yanks fell out of the AL playoff race?  Wouldn’t Yankee partisans soon enjoy watching the Mets fade, yet again, in the NL playoff chase?  Better believe it.  The axiom “Misery loves company” is as true in baseball as it is in real life.  

So, shouldn’t we find comfort in the news that baseball buff/financial wizard Warren Buffett saw shares in his prime stock plummet by more than a third since October 1?  Or that Henry Paulson’s reputation “will never recover” (in the words of a hedge-fund manager) and that Forbes magazine president Steve Forbes calls Paulson “the worst treasury secretary in modern history”?  And how about this expert observer’s comment on the performance of Federal Reserve chair Ben Bernanke:  “He was behind the curve at every stage of the (financial crisis) story.  He didn’t see the housing bubble until after it burst.  Until as late as this summer, he downplayed all the risks involved…I would be surprised if Obama wanted to reappoint him when his term ends”  - in 2010. (Dean Baker, of the Center for Economic and Policy Research – quoted in the latest New Yorker).  Aren’t those of us caught up in the economic meltdown entitled to gloat about the big boys taking hits like us?

The answer, we submit, is: not now, not on this Thanksgiving weekend.  We should try for the moment to be generous, to show some understanding: no one is perfect, etc.

This charitable approach can be set aside – it says here – when incompetence overlaps the businesses of finance and baseball.  Case in point: the teaming up of Citigroup and the Mets.   Citigroup, which needed a bailout to avoid bankruptcy, is committed to paying $20 million a year - $400 million over a 20-year period – to have its name erected atop the Mets’ new stadium.  Newsday’s Wallace Matthews suggests a revised name for Citi Field – “Bailout Ballpark.”  Here is how he sees the Mets’ Faustian bargain:

“That $20 million per year - which, by the way, the Mets don't seem all that eager to invest in the free-agent market despite another dismal late-season collapse - is coming out of your paycheck and mine, funneled through the federal government to the failed executives of Citigroup, and ultimately winds up in Fred Wilpon's pocket.

”This amounts to not only the worst kind of corporate welfare, with no punishments meted out and no strings attached, it also adds up to 20 years of free advertising for a bank with nothing to brag about but a vault full of fail.

”The Mets should be embarrassed to emblazon their new park with the name of an outfit whose players performed even worse than the team did last year. They should be ashamed of using your money to advertise their (worthless) services. If they had any ethics, they would cancel the deal now and start looking for a sponsor that can actually pay its own bills.”

With Willie Randolph’s exit, Omar Minaya has been taking most of the flak for the Mets’ own version of the bailout – two end-of-season dives.  That the decision-making buck stops with owner Fred Wilpon is seldom noted.  Wilpon clearly thought the spending splurge that brought Pedro Martinez, the two Carlos - Beltran and Delgado - and Billy Wagner was sufficient to keep his team competitive for more than a few years.  He was right; true, he has to invest in a Johan Santana one season and maybe a Brian Fuentes or a Trevor Hoffman this time around.  But with another Minaya Special - a new blue-chipper (and perhaps a light-blue one) plus bargain-basement hole-fillers to add to a strong existing base - the Mets will be able to compete…and fall short.

Maybe late-season “meaningful games” are good enough for Fred.  If he truly cared about the post-season, he’d focus on building a productive player-development operation  It’s something the Mets have been lacking for too long, and without which they’ll continue being what they are now: apparently good enough for Fred, but not quite good enough to make the playoffs.                             

               

(Posted: 11/25/08)

NYC's Upcoming Electoral All-Star Event

The potent early summer Red Sox lineup that included Pedroia, Big Papi, Manny and Youk has a political equivalent in NYC’s 2009 public advocate contest.  The lineup of hitters seeking to win the city’s second highest elective slot features four candidates with impressive playing records.

The veteran of the group is Norman Siegel, the civil rights lawyer, who, at 65, is taking a third turn at this electoral plate. Supporters say his record at fighting government on behalf of protesters and aggrieved private citizens has earned him the mantra “Norman Is the Public Advocate.”   Siegel’s problem: he trails his main young opponents in fund-raising; an ambiguous factor - he’s also less of a Dem party insider than the others.

Among the three touted younger prospects, City Council teammates, Eric Gioia has been in the lineup, albeit unofficially, longer than the others.  Gioia is the Dustin Pedroia of the trio, energetic, intense, working ‘round-the-clock at expanding his reach.  His driving ambition and the resentment it has caused outside his Queen bailiwick could handicap his effort.    

Bill de Blasio is the Chipper Jones of the group, a leader beyond his Brooklyn district who distinguished himself in actively opposing the extended-term-limits power grab by Mayor Bloomberg and most of the Council team.  He did uncharacteristically back away from a matchup with incumbent Marty Markowitz for Brooklyn BP.  But de Blasio is the only one of the three who could benefit from running for a third Council term to say he wouldn’t play that game.

John Liu is the Ichiro of his Flushing district and the city at large.  He has awakened, not only his fellow Chinese constituents, but Asian communities throughout the five boroughs.  Liu’s appeal has been broad enough to attract $3 million in contributions, more than any of the four top-tier candidates. (Gioia is second, having raised $2 million.)  Liu’s indecisiveness as to which contest to enter - he was the last to join the PA all-star event - could be a negative as the race unfolds.

Manhattan/Bronx Assemblyman Adam Clayton Powell IV is a fifth candidate in the contest.  Although only 46, Powell first held elective office 17 years ago.  He would seem to be a time-worn Moises Alou-type entry, making a nothing-to-lose effort.  Powell can return to his Assembly post if his campaign falters.  In that context, the campaigns of Gioia and Liu (and even de Blasio) will be watched to see if either has second thoughts early enough - before summer - to drop out for the surer bet of seeking to return to the Council.
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If the Mets, Yankees and Red Sox were hopeful the Arizona Fall League would help them identify farmhands with unrecognized promise, they came away disappointed.

Proven players like Daniel Murphy of the Mets and Phil Hughes of the Yanks did well despite injuries - Murphy hit .397 in 15 games, Hughes went 2-0 with a 3.00 ERA in seven games; the Sox’ Clay Buchholz could only manage a 1-2, 3.86 in five games.  But signs of newly emerging prospects were scarce: a first-year catcher in the Mets’ system Josh Thole hit .319 in 19 games, and a Yanks’ double-A second baseman Kevin Russo hit .309 in 30 games.  The Red Sox had not a solitary hitter of note.  Bobby Parnell, who pitched in six late-season Mets games, went 3-1, 2.25.  He struck out 20 in 20 innings, walking nine.

The Fall League gave Atlanta most to be happy about: Double-A pitcher Tommy Hanson had the most wins, the most strikeouts, the best ERA - 0.63 – and the best record, 5-0.  Braves’ high single-A catcher Tyler Flowers led the league in homers with 12 in 75 AB’s.  The best all-around offensive player was Colorado’s double-A shortstop Eric Young, Jr; he batted a league-leading .430, scored the most runs and stole the most bases, 37 and 20, respectively, in 31 games.                                  -     -     -
Lob from Left field: The scoreboard in Venezuela after country-wide elections Sunday showed the pro-Chavez side winning 17 states to the anti-Chavez’s 5.  The NY Times’ predictable take on the vote: “VENEZUELAN OPPOSITION GAINS IN SEVERAL CRUCIAL ELECTIONS”.  The numerical result was mentioned in the last of the 13-paragraph story.  Equally predictable: If Hugo Chavez had won 22-0, the Times headline would trumpet something like this: VENEZUELAN VOTE SHOWS CHAVEZ SOLIDIFYING DICTATORIAL RULE”.  Is it not revealing in this era of U.S. government handouts to Big Finance, that the Times, like Team Bush, persists in denouncing a socialist system aimed at helping the poor?
 

(Posted: 11/22/08)

Big Decisions for Obama, Yanks, Red Sox

Decisions, decisions.

Team Obama has a big one to make, regarding an extra-inning electoral contest in Georgia.  The Yankees and Red Sox must decide on a move important to the baseball world concerning a free-agent pitcher.

The Georgia contest, for a U.S. Senate seat, pits Democratic challenger Jim Martin against Republican incumbent Saxby Chambliss.  The two had to continue their battle beyond regulation time because they finished close enough to warrant a run-off.  That special election will be held a week from Tuesday, December 2.

The Yankees and Red Sox have both expressed interest in A.J. Burnett, who went 18-10 for Toronto last season.  Other teams covet the oft-injured righthander, as well, but the Yanks and Sox have the financial clout to outbid them.  It may take at least a five-year $75 million offer to get the deal done.

The background to the Martin-Chambliss playoff is the Senate scoreboard showing the Democratic team (including two independents) with a 58-40 margin in the upper chamber.  The contest in Georgia is one of two for Senate seats still up for grabs.  The other is a match being decided by recount in Minnesota between Dem challenger Al Franken and Repub incumbent Norm Coleman.  Should Franken outscore Coleman in the end, a Martin victory on 12/2 would fulfill the Dems’ dream of a filibuster-proof 60-40 majority.

President-elect Obama’s yet-to-be-made decision: whether to interrupt his transition efforts to campaign for Martin.  Such an intervention would compromise his stance as an aspiring political “unifier” rather than a partisan.  Another consideration, as E.J. Dionne put it in yesterday’s Washington Post:  “A new president with soaring popularity may not want to subject himself to such an early test on not-entirely-hospitable terrain.”  Meanwhile, polls show Martin trailing Chambliss in red-state Georgia by several points.  The crucial role Obama could play was acknowledged by a Republican political consultant in Atlanta:  “(Martin) can’t do it without Barack Obama,” he said, “it’s just as simple as that.  “Does he care, or does he not?”

There’s a chance that the Red Sox are just kibitzing on Burnett, to push his asking price up and make him painfully expensive for the Yankees.  That’s the suspicion of the Boston Globe’s Nick Cafardo:

“Do we think the Red Sox really want to spend $80 million over five years for Burnett, who has made 30 or more starts in only two of his 10 seasons?  Doesn't sound like a move Sox general manager Theo Epstein would make…Burnett is a high-risk player, but when he's healthy, he's a high-reward player. That's what he was in 2008…his best season the majors. But at 32…can he be depended upon to be that for the next five years?

“In an offseason in which the Yankees are setting the bar pretty high in these otherwise tough economic times, they are in position to blow any team, including the Red Sox, out of the water for a player. That was evident in their six-year, $140 million offer to CC Sabathia, and the five years, $80 million they're possibly willing to offer Burnett.  Who knows what else (they have) in mind to help fill those expensive seats in the new $1.3 billion Yankee Stadium.”
                         
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The latest scoreboard reporting on the other Congressional league gives the Democratic team a 256-174 margin over the Republicans in the House.   The Dem gains so far: 31 seats; there are five unresolved races in the House.
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(The  Nub is a team effort skippered by Dick Starkey.  Comments
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(Posted: 11/18/08)

Bloomberg, Yanks Set to Spend to Win

The city’s political and baseball powers – Team Bloomberg and the Yankees – know victory in 2009 depends on the source of their strength: m-o-n-e-y.  Mayor Mike will have to hit the airwaves hard to overcome his running for re-election as the anti-democratic candidate.  The Yankees can only hope to match the Rays and Red Sox in their division by spending to add two top starters and a couple of top-tier position players.  A rough estimate of what the add-on annual cost will be in each case: $80-$100 million.   

The reported $140 million for six years the Yanks are offering CC Sabathia breaks down to a single-year pricetag of $23-plus million alone.  That seems to have blown away all of CC’s other suitors.  Bloomberg’s projected outlay for ’09 - most of it seeking to justify via sustained TV blitz his stance on extending term limits - is expected at least to match the $84 million he spent in winning the office in ’01. 

Bloomberg’s Democratic opponents - Queens/Brooklyn Congressman Anthony Weiner, Comptroller Billy Thompson and Queens Councilmember Tony Avella are three of the most likely candidates; none of them will come close to raising the kind of money conventional wisdom says will be needed to stay competitive with the mayor.  But whoever survives the primary to go one-on-one with Mike will be able to run as the “people’s” champion.   Here’s a campaign pitch to throw at the mayor, offered free of charge:

“HE’S RUNNING AGAINST ALL OF US.”
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What are we to make of the Yankees’ deal for Nick Swisher as a likely replacement for Jason Giambi?  Swisher is only 28 (Giambi will be 37 next season), so it’s fair still to see some potential in him, his record up to now inconclusive.  Let’s check to see what Oakland GM Billy Beane, who signed him out of Ohio State, saw in Swisher.  Here is how Michael Lewis describes Beane’s take in his baseball classic “Moneyball”: “(Swisher) has…raw athletic ability…(and) the stats Billy…ha(s) decided matter more than anything; he’s proven he can hit, and hit with power; he drew more than his share of walks.”

Swisher drew a walk every seven at bats last season, but he struck out once every four-plus AB’s.  Giambi’s equivalent stats were similar, but Jason hit eight more HR’s - 32 - in 40 fewer AB’s than did Swisher.   But Nick costs less, has the better glove and no drugs-use baggage.   The clincher as to why the switch may be seen as helpful to the  undemonstrative Yanks comes from this “Moneyball” excerpt:

“’Swisher is noticeable, isn’t he?’ says Billy, hoping to hear more about…how Swisher really is.

 “‘Oh, he’s noticeable,’ says an old scout.  ‘From the moment he gets off the bus he doesn’t shut up’.”
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An off-season skim of “other” ballplaying: New coach Mike D’Antoni, with his upbeat style and downsizing of Stephon Marbury, has made the Knicks watchable again.

As for the Nets, the deal president Rod Thorn had to make - sending unhappy Jason Kidd to Dallas for Devin Harris - makes the NJN’s surprisingly competitive.  Harris, with three-straight 30-point games, could be a budding super-star.

Even Brooklynites, born to be haters of all manner of “Giants” teams - are joining the football Giants bandwagon.  The defending NFL champions are seductively well-balanced, a sinuously methodical playoffs-bound machine.  The Jets have Brett and the fabled Favre tradition to inspire and try to stabilize them, but they are more wobbly than solid.  The shaky truth may surface Sunday when they face the 10-0 Tennessee Titans.

 


(Posted: 11/15/08)

Bloomberg Hitting a Stadium-Related Slump

The last time Mike Bloomberg’s popularity slumped – in ’05 - he was on the wrong side of a doomed West Side stadium project.  The mayor has hit a slump again, over the undemocratic extension of term limits.  His chances of battling out of that bind have come up against another stadium debacle, this one in the Bronx.  The new Yankee Stadium is a big-ticket, state-of-the-art ballpark designed to be a profit center for the Steinbrenner family and, secondarily, a magnet for fans.

Bloomberg’s problem as the economy worsens, is that the arena he helped make happen has become a public relations nightmare.  Fans who, whether they knew it or not, forked over hundreds of millions of public dollars to help build the extravaganza, will be priced out of attending “premium” – that is, the most attractive – games.  Even the corporate elite is bailing out as the financial crisis gets ever more critical: $4.2 million worth of luxury suites are so far going begging for the ’09 season.

Meanwhile, Congress is investigating Team Bloomberg’s inflating the value of the Stadium land to allow the Yankees to float high-return bonds to help cover costs.  Although an unfavorable result wouldn’t send anyone to jail, it would be another brush-back to Bloomberg.  Amid the financial giveaways, the mayor’s cardinal sin concerns the surrender of public parkland: he and his political teammates allowed 22 acres of green and open recreational space to be lost to the Stadium project.

NY Times columnist Jim Dwyer lined up a bat-rack full or reasons why Bloomberg won’t have an easy time extricating himself from the Stadium connection.  The latest promotion of the new ballpark, notes Dwyer, comes at a time when the mayor “says he has to close health clinics, shut libraries one day a week, not hire a new class of cops and raise property taxes.”     

And, looking ahead:  The new Yankee Stadium, with all its architectural dazzle, will open in the spring; less certain is when the public parkland that Bloomberg gave to the team will be replaced.

“The full reckoning on Mr. Bloomberg’s judgment…will most likely not come for a few years, long after he has run for a third term as mayor by arguing that he has been the wisest and steadiest of stewards – just the man of the city during hard financial times.”
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In hard financial times, what could be better for ballclubs than “cheap pub.”  It’s the season when all 30 MLB teams get puffy ink by letting their fans know they’re in the bidding for CC, Manny, Teixeira, Burnett, etc.  The everyday phrases everywhere: “We have an interest in…” “We’re serious about signing…” ”We’re not out of the picture…”, etc.

The Yanks, with their deepest of pockets, are odds-on favorites to sign Sabathia.  That the Mets are allegedly competing for CC is a laugh.  But hey, it doesn’t hurt to get free favorable mention, no matter how empty of substance.  It will be no surprise here if the Yankees wind up adding Oliver Perez to their rotation.  Joe Girardi liked what he saw in Perez when he was a Yanks broadcaster.  “He has a chance to be good,” Joe said.  He may well still think so.   

The Boston Globe’s Tony Massarotti presents this persuasive argument for teams proceeding with caution as they seek starting pitching on the open market:

“In 2006, multiyear deals were given to a cast of starters that included (in alphabetical order):

Miguel Batista (three years, $25 million)
Adam Eaton (three years, $24.5m)
Orlando Hernandez (two years, $12m)
Kei Igawa (five years, $20m)
Ted Lilly (four years, $40m)
Jason Marquis (three years, $21m)
Daisuke Matsuzaka (six years, $52m)
Gil Meche (five years, $55m)
Mark Mulder (two years, $13m)
Mike Mussina (two years, $23m)
Vicente Padilla (three years, $33.75m)
Jason Schmidt (three years, $47m)
Jeff Suppan (four years, $42m)
Woody Williams (two years, $12.5m)
Barry Zito (seven years, $126m)

“Of the pitchers on that list, only Lilly (32-17 for the Cubs), Matsuzaka (33-15 for the Red Sox) and Meche (23-24 with a 3.82 ERA for the Royals) have pitched consistently well, while the remaining pitchers on the list have suffered from varying degrees of injury, inconsistency, ineffectiveness, and ineptitude.”
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(Posted 11/06/08)

How Jackie Robinson Helped Open the Door for Obama

We’ve credited the term the “Jackie Robinson of politics” to HBO’s Bill Maher.  He saw Barack Obama as treading a fine line in his campaign the way Jackie did as baseball’s black pioneer – the need to show restraint, coolness under fire, in the contest for the presidency.

Newsday’s Shaun Powell says that, as well as a behavioral model, Robinson helped open the door off the field for Obama and other African-Americans:

“This country's appetite for winning has been almost as powerful as its desire to discriminate. That's why sports led the way. That's why…Jackie became a folk hero while the nation resisted social change…

“People who say Jackie Robinson integrated Major League Baseball always get it half-right. Robinson integrated America. He put blacks in boardrooms, teacher's lounges, doctor's offices and construction sites. It was because of his temperament and skill, tested in turbulent times, that America began looking at blacks in an entirely different way.  Obama's campaign was well-run, but it had nothing on Robinson’s.” 

Footnote:  On hearing new Dodger Jackie speak in well-articulated, declarative sentences, a boy in Bed-Stuy Brooklyn, began to recognize that educational level, not color, was what made his black neighbors seem different.     

Only one of four reasons the Atlantic’s James Fallows gives for helping elect Barack Obama is positive; John McCain’s support of most Team Bush policies, his impulsive decision-making, and choice of Sarah Palin are the negatives.  But here is why Fallows says Americans did well to vote for Obama:

“The tone, the policies, the cast of mind, the talent, and, yes, the hope consistently represented by Obama during these past two years on the trail.  (Now that) he is elected, disappointment will certainly follow. The expectations now projected upon him far exceed what any mortal can achieve.  But to give the country a new chance, a leader must inspire, and he can.”

The sure-to-be-cut-down expectations is the subject of this pitch by the antic journal The Onion:

“Obama will be charged with such tasks as completely overhauling the nation's broken-down economy, repairing the crumbling infrastructure, and generally having to please more than 300 million Americans and cater to their every whim on a daily basis. As part of his duties, the black man will have to spend four to eight years cleaning up the messes other people left behind. The job comes with such intense scrutiny and so certain a guarantee of failure that only one other person even bothered applying for it. Said scholar and activist Mark L. Denton, "It just goes to show you that, in this country, a black man still can't catch a break."

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Ballplayers who’ve struggled for reasons of health or age in the previous season know it’s a bad sign when GM’s express optimism about their futures.  At the execs’ meeting in Dana Point, CA, this week, Omar Minaya said he believed Luis Castillo was going to recapture his pre-Mets form in ’09.   Theo Epstein said he was sure Mike Lowell would be fully recovered from his hip injury when spring training starts.  The spin-free version (in both cases): “I’m building up this guy in hopes of finding a taker.”

Epstein’s response - according to the Globe’s Nick Cafardo - when told agent Scott Boras thought Jason Varitek deserved a Jorge Posada-like ($52 million for four years) deal:  “(Theo) made no comment, but his facial reaction wasn’t that of a man who was in agreement.”

The Yanks have the money to make serious bids for C.C. Sabathia and Mark Teixeira; the Mets, paying $10 million to the sidelined Billy Wagner, will be lucky to land Colorado’s sub-premium reliever Brian Fuentes.  ESPN’s Peter Gammons wrote what amounts to an early pre-season epitaph for the ’09 Mets:

The Mets… are not going to jump over the luxury tax threshold, so they will continue to build around David Wright, Jose Reyes and Carlos Beltran, hope that Mike Pelfrey will continue his quantum leap forward, and do their best to fill in around them After the past two years, a slow start in a new ballpark could be ugly.”


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