Thursday, June 16, 2011
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Einhorn could have Mets for $1

Numbers large ($70M) and small ($1) are painting a bleak picture in Queens. Last month [David Einhorn] and the owners of the MLB team, Fred Wilpon and Saul Katz, came to terms on a deal in which Einhorn would pay $200 million for a one-third stake in the Mets and would have the right to obtain a 60% interest in three years unless Wilpon and Katz returned the $200 million to Einhorn but allowed the hedge fund manager to retain his 33% ownership. A banker familiar with the deal says the "strike price" for the 60% stake is just $1. Though the deal is not final and is subject to the approval of MLB, its terms underscore the desperation of Wilpon and Katz, whose team is swimming in debt, bleeding cash and losing fans. The Mets could post a net loss of $70 million this year, $20 million more than 2010. (Forbes.com) Comment

Coughlin shrugs off Burress' jabs

Given the chance, Tom Coughlin took the high road. Coughlin heard what Plaxico Burress had to say about him this week. He's just choosing to ignore it. Burress described his relationship with the Giants coach as "ambivalent" in an interview this week and criticized Coughlin's coaching style. "I don't pay any attention to it," Coughlin said last night at Yankee Stadium. "It is what it is. Maybe he's sending me along a badge of honor. How do I know?" ... When he was first asked about Burress, Coughlin wished him well. "As I've said many times, I'll stay with the same line: I hope he gets some normalcy in his life and has a chance to spend some time with his family and that he gets to know his kids once again," he said. "His wife has done a tremendous job of holding that family together for the last two years. She deserves some help." (New York Post) Comment

Mavs' Cuban

Dallas owner Mark Cuban had much of his approach to team ownership vindicated with the Mavs' first title, though many remain unimpressed. [Former] MLB commissioner Fay Vincent sees too many similarities between Cuban and the late New York Yankees owner George Steinbrenner to think Cuban would be a good match for MLB. Vincent said, "I think it's more important for owners to be gentlemen, play by the rules, respect the authorities, do what's good for the sport, than it is to manage his franchise to total success. The subtleties make the difference. George Steinbrenner was a real problem in baseball, and I think Mark Cuban is a real problem in basketball." (The Dallas Morning News) Comment

Must-See Photo
Must-See Photo

The agony of defeat: Vanquished goaltender Roberto Luongo leaves the ice after his Canucks were shut out by the Boston Bruins in Game 7 of the Stanley Cup Final in Vancouver on Wed. (Julie Jacobson/AP Photos)

Must-See Video

Canucks fans go mad and riot in Vancouver after their team's loss in Game 7 of the Stanley Cup Final

Game To Watch

Buchholz vs. Price in tasty pitching match-up, 7 p.m. ET, MLB Network

This Day in Sports
SI Vault: More Lee Trevino
  • 1909 -- Jim Thorpe makes his pro baseball pitching debut for Rocky Mount (ECL) with 4-2 win, but his appearance causes him to forfeit his Olympic medals
  • 1968 -- Lee Trevino becomes first golfer to play all four rounds of the US Open under par
  • 1984 -- Edwin Moses wins his 100th straight 400-meter hurdles race
  • 1994 -- Goalie Martin Brodeur becomes first Devil to win the Calder Trophy as NHL rookie of the year

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