New York Mets: Steven A. Cohen

Mets minority owner charged by SEC

July, 19, 2013
NEW YORK -- New York Mets minority owner Steven A. Cohen has been charged by the Securities and Exchange Commission with failing to supervise employees and prevent them from insider trading.

Cohen owns a 4 percent share of the Mets, for which he paid $20 million. The Mets and MLB did not have a comment regarding how these charges could affect Cohen's part-ownership with the team.

Cohen, 57, became a minority owner in 2012 after the Mets began selling shares of the team in the aftermath of the Bernie Madoff fiasco. The Mets sold 12 minority shares for a total of $240 million.

The Mets' majority owners, Fred Wilpon and Saul Katz, reached a settlement in March 2012 to pay $162 million to victims of the Madoff Ponzi scheme. That total has dropped to $86 million.

The Mets have faced financial issues lately. The team lost approximately $50 million in 2010 and roughly $60 million in 2011, according to GM Sandy Alderson. The New York Post reported that they were expected to lose $23 million last year.

As the funds have decreased, the Mets have not been active in free agency over the past few years and the team has struggled. The Mets, however, are planning on being players in free agency this upcoming winter and aim to add a marquee player, if possible.

Cohen also tried to purchase the Dodgers in 2012, but he lost out to Magic Johnson and the Guggenheim Baseball Management group.

Mets morning briefing 4.17.11

April, 17, 2011
The Mets turn to Dillon Gee on Sunday trying to halt a seven-game losing streak, the team's longest since an 11-game skid late in Art Howe's tenure in 2004. Gee opposes Braves right-hander Tommy Hanson in the series finale.

Sunday's news reports:

Terry Collins tells the Record's Steve Popper he is better at showing restraint now amid adversity than he was during managerial stints with the Astros and Angels in the 1990s. Writes Popper:

The change is a conscious one for Collins. He knows the reputation that he brought into this job with him: that of a high-intensity manager with a short fuse and a short lifespan. He burned out himself or his players were burned out on him in his other managerial stops, in Houston and Anaheim and even in Japan. When he took this job, he was determined to prove that he’d changed. "No doubt about it," he said, laughing and adding, "I haven’t thrown anything yet. I haven’t kicked anything yet. My health’s better, too."

Chris Young reiterates there's no need, in his mind or in the organization's mind, to get an MRI to see exactly what's going on with what has been labeled biceps tendinitis. "I think at this point, the symptoms are more important than what you can see on the test," Young said after being placed on the disabled list Saturday. "The MRI may or may not show something. It may or may not show something completely different than where I feel the discomfort. We've talked to the doctors, and treating the symptoms, I think, is the better solution at this point." Read more from Young in Newsday, the Times and Star-Ledger.

• A day after the Post reported two of three finalists had bailed -- and the other reported finalist, Steven A. Cohen, wanted to buy a share of Mets debt from banks too -- the Times profiles several of the men who have been linked to interest in the sale (including some of those the Post indicated were now out). Author Richard Sandomir notes having ties to the area is a common trait among bidders. According to the Post, Cohen is the lone remaining bidder from the finalists. Sandomir writes about him:

Cohen, a billionaire hedge fund manager in Connecticut, is 54. He runs SAC Capital Advisors, a powerful $12 billion hedge fund in Stamford, where the former Mets manager Bobby Valentine is the public safety director, and lives in Greenwich, Conn., where Tom Seaver lived before turning to winemaking. Cohen, who is from Great Neck, has a suite at Citi Field.

On another reported candidate, Jason Reese, who has received little ink, Sandomir writes:

He is in the financial world, as chairman of an investment bank called Imperial Capital in faraway Los Angeles. Still, he is a native Long Islander who played goal on the West Babylon High School lacrosse team and later for Yale.

• The Post's Mike Puma opens his game story with this line: The commissioner's office should lodge a complaint against the Mets for impersonating a major league baseball team.

Read other Saturday doubleheader debacle game stories from Newsday, the Times, Star-Ledger, Daily News and Record.

Jason Bay could be back Tuesday.

• Here's Atlanta's Eric Hinske on teammate Jair Jurrjens tossing seven scoreless innings in his first start after being activated from the disabled list: "The biggest positive today was Jurrjens is healthy. He comes out gives us seven scoreless, pretty much commanded both sides of the dish with all three, four of his pitches. Having him back is huge for the team. ... Seven scoreless your first game after coming off the DL, that’s way more than you can ask for. He’s good, and he’s proved it over the years and that’s going to be a main cog in the middle of our rotation there.”

Read a ton of other postgame quotes on David O'Briens Atlanta-Journal Constitution Braves blog.

Andy Martino notes that Willie Harris shares the same birthplace -- Cairo, Ga. -- as Jackie Robinson. Martino cites stats that 9.1% of major leaguers on Opening Day rosters last year were African-American, compared with 20 percent five years earlier. Harris tells Martino: "It's bad, man. You look around the league, and you look around the teams, and you're like, 'Man, where is everybody?' It has been decreasing every year."

Harris solution? "We have enough African-Americans in the game that are really good players, that are stars -- the Torii Hunters, the Carl Crawfords, the CC Sabathias, those guys -- that I think baseball should put those guys on the front burner," Harris tells Martino. "Let kids see them robbing home runs, stealing bases. You see LeBron and Dwayne Wade doing all those dunks on TV. Kids see that and say, 'I want to do that.'"

BIRTHDAY: Former catcher Gary Bennett turns 39. Bennett had a pinch-hit single in his lone Mets at-bat in 2001. He is one of 15 former Mets to record a 1.000 batting average, but the only one from that group never to have played for the Mets in the field. -Mark Simon

Mets morning briefing 4.13.11

April, 13, 2011
The Mets and Rockies were rained out Tuesday night, and will play a single-admission doubleheader Thursday at 12:10 p.m. Wednesday night's game features last night's planned pitching matchup -- Jon Niese vs. Esmil Rogers. The team will need a spot starter no later than Sunday in Atlanta, with Dillon Gee being called up from Buffalo, or D.J. Carrasco, seemingly the logical candidates. Check the rainout ticket policy here.

The rainout news reports:

Richard Sandomir and Peter Lattman of the Times say the Mets have narrowed the list of prospective minority investors to three groups. The report focuses on billionaire hedge fund manager Steven A. Cohen. It also identifies Skybridge Capital hedge-fund founder Anthony Scaramucci and founder James McCann as alive in the bidding. Writes the Times regarding Cohen:

Cohen runs SAC Capital Advisors, a powerful $12 billion hedge fund headquartered in Stamford, Conn. He has posted some of the best investment performances on Wall Street, generating annualized returns of about 30 percent over nearly two decades. Over the past two years, Cohen has elevated his former low profile, speaking at conferences and stepping up his philanthropy. He also frequently shows up at art shows, where he looks to add to a world-class collection of paintings by artists including Pablo Picasso, Andy Warhol and Jasper Johns. SAC has been touched by the government’s widespread crackdown into insider trading at hedge funds.

Steve Popper of the Record speaks with Mike Pelfrey about pitching without the help of sports psychologist Harvey Dorfman, who passed away Feb. 28. Pelfrey and Dorfman would speak by telephone the morning after each start last season. "You know what I did, the first two starts?" Pelfrey tells Popper. "I read his book [The Mental ABC's of Pitching]. I picked up sections of his book and read parts of his book that I always would have, certain sections that we talked about, stuff that I know he would tell me after. Reading it I can see him saying that stuff as I’m reading it. Of course it’s not quite the same as hearing it. But going through it and reading it, it all made sense because it’s all stuff he had told me before." Dorfman was employed by Pelfrey's agent, Scott Boras. Boras also employs former major league pitcher Don Carman -- who went 53-54 with a 4.11 ERA in 10 major league seasons, primarily with the Phillies -- in that mental-coach role. Pelfrey did speak with him after his disastrous start in Philadelphia, when he went only two innings. But it's a slow process opening up about your life to someone unfamiliar.

• Pitching coach Dan Warthen acknowledges Bobby Parnell cannot indefinitely continue in the eighth-inning role if his struggles persist. Parnell allowed three runs in the eighth inning Monday against the Rockies, which included a misthrow to the plate and a two-run homer by Troy Tulowitzki. He has an 8.31 ERA and has allowed six hits and three walks in 4 1/3 innings. "If he keeps struggling in that role, we will go elsewhere," Warthen tells the Post's Dan Martin. "We'll go with the hot hand, which might be [Jason Isringhausen], Pedro Beato or D.J. Carrasco. We're looking, but nobody is jumping out. ... Bobby is either going to step up and do the job or we'll have to find someone else. Other than that, I think we'll be fine." Warthen went on to note that the Mets are missing the predictability and reliability of Pedro Feliciano and Hisanori Takahashi, who are making a combined $8 million this season elsewhere.

Writes Andy Martino in the Daily News regarding Parnell:

Warthen has felt frustrated in the past with Parnell's reliance on the two-seamer, and the resulting drop in speed. Lately, though, he sees a pitcher mostly willing to throw the four-seamer, but sometimes unable to execute it. "He is probably throwing the ball as hard as he should, arm-speed wise, but the hand isn't staying behind the baseball, and thus the lesser velocity," Warthen said. "The delivery is not executing the pitch."

Sandy Alderson said he now does not expect Jason Bay (rib-cage strain) to return before April 26. "I'm not going to sit here and tell you that I'm not excited to play," fill-in Willie Harris tells Tom Rock in Newsday. "I am excited to play. But I also know my role. That's Jason Bay's spot and it's my job to fill in for him until he gets back. That's my job."

Daniel Murphy was due to start a second straight game at second base on Monday night. Terry Collins did note he was not exactly switching to a platoon between the lefty-hitting Murphy and righty-hitting Rule 5 pick Brad Emaus, who is 0-for-his-last-12. Writes David Lennon in Newsday:

Emaus is batting .167 (4-for-24) with a .286 on-base percentage and twice as many strikeouts as walks. Again, we're talking tiny sample sizes here. But the Mets are trying to win games, and right this minute, Murphy seems better equipped to help in that pursuit -- even if it's just a platoon situation. Murphy is a career .280 hitter against righthanders and also has a full season in the majors on his resume. In 2009, he played 155 games after stepping in at first base for injured Carlos Delgado, and he hit .266 with 38 doubles and 12 homers.

Carlos Delgado officially retired. Delgado had a failed comeback attempt in the minors last year with the Boston Red Sox. He had not appeared in the majors since May 10, 2009 with the Mets, when hip troubles overcame him. "He tried everything, it just didn't work out for him," Carlos Beltran tells Kimberley A. Martin in Newsday. "Of course, it makes me feel bad for him because he had some goals that he wanted to accomplish and he couldn't do it."

• Daily News columnist Filip Bondy also covers Delgado's departure, minus the part about Willie Randolph feeling undermined by Delgado in the Mets clubhouse.

• Collins says he does not want to bounce Angel Pagan, who is hitting .179, throughout the order. The manager over the weekend decided to return Pagan to the No. 2 hole where he had success last year. But Collins since has abanoned that. Partially, it's due to Pagan's struggles. But if Pagan bats second against the Rockies, it also means Collins is lining up four straight left-handed batters lower in the order when Murphy starts -- Ike Davis, Murphy, Harris and Josh Thole. That makes it too easy for Colorado manager Jim Tracy to summon a lefty specialist to try to mow down four straight batters. And Collins would have his hands tied pinch-hitting because the Mets only are playing with a four-man bench to allow for an eight-man bullpen. "It's a lot of adjustment you have to make because in every different position in the lineup, they pitch you differently," Pagan tells Newsday. "So it's a little stressful, but it's doable. I did it, I did it well and I'm willing to do it again if I have to."

Scott Cacciola of The Wall Street Journal discusses nail care with R.A. Dickey.

• Post columnist Steve Serby doesn't mince words contrasting the early 1960s Mets to the present. Writes Serby:

They were loveable losers, and New York had a National League team again. But you have learned the hard way lately that there is quite a difference between loveable losers, and losers.

BIRTHDAY: John Stephenson, who played in 162 games for the Mets from 1964 to '66, was born on this date in 1941.



Bartolo Colon
14 4.02 143 190
BAD. Murphy .299
HRL. Duda 28
RBIL. Duda 85
RD. Murphy 76
OPSL. Duda .831
ERAZ. Wheeler 3.49
SOZ. Wheeler 180