Mets settle Madoff case for ... how much?

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Mets settle Madoff case for ... how much?

From Comcast SportsNet
NEW YORK (AP) -- The owners of the New York Mets baseball team and a trustee for Bernard Madoff's fraud victims settled Monday for 162 million in a case aimed at repairing the damage from a massive investment scheme. The Mets owners will not pay anything for three years. Jury selection had been set to begin in a civil trial to determine how much the team owners will owe other investors who trusted their money to Madoff, who cheated thousands of investors of roughly 20 billion over at least two decades Trustee Irving Picard had argued the team owners knew that Madoff's corrupt investment scheme was a fraud but continued their investments anyway because they were making a lot of money. Lawyers for the owners insist their clients had no idea the investments were a sham. Both Fred Wilpon and Saul Katz, principal Mets owners, were in court Monday at the defense table. Judge Jed Rakoff said Picard had reviewed the evidence and will no longer pursue a claim of "willful blindness" against the defendants. The judge already had ruled the team's owners must pay up to 83.3 million in profits they received from Madoff. But another ruling blocked Picard from trying to collect the full 1 billion he sought to recoup. He has filed hundreds of lawsuits to force those who profited from their investment to pay into a fund for Madoff's victims. The case has damaged the Mets' financial picture, forcing the team to slash payroll and try to raise tens of millions of dollars by selling small chunks of the team. Dodgers Hall of Fame pitcher Sandy Koufax had been scheduled to testify in the trial about Wilpon's intentions. Koufax invested in Madoff's private investment business at Wilpon's recommendation.

49ers freeze ticket prices for 2017, 2018 seasons

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AP

49ers freeze ticket prices for 2017, 2018 seasons

The 49ers on Tuesday informed season ticket holders that ticket prices will not increase for the 2017 and 2018 seasons. 

"We are announcing that 49ers season ticket pricing will be frozen through the 2018 season," the team wrote in an email to its season ticket holder. "Invoices for your 2017 season tickets will be made available to view and pay online in the coming weeks, including the option to enroll in a multi-month payment plan."

"Thank you for your valued and continued support as a 49ers Season Ticket Member. We look forward to serving you this season!"

The 49ers will enter the 2017 season with a new general manager and head coach after firing both Trent Baalke and Chip Kelly following their 2-14 2016 season.

Sharks trade Tommy Wingels to Senators

Sharks trade Tommy Wingels to Senators

Tommy Wingels has been traded to the Ottawa Senators for a pair of depth forwards and a seventh round draft pick in 2017, the Sharks announced on Tuesday.

Buddy Robinson and Zack Stortini, both right wings, will be assigned to the AHL Barracuda.

Robinson, 25, has 12 points (7g, 5a) in 33 AHL games with Binghamton. In seven career NHL games with Ottawa, the six-foot-six, 230-pound New Jersey native has one goal and one assist.

Stortini, 31, has three points (2g, 1a) in 22 games for Binghamton this season. The six-foot-two, 220-pound Ontario native has appeared in 257 career NHL games with Edmonton and Nashville, posting 41 points (14g, 27a) and 718 penalty minutes.

The move clears the way for the Sharks to activate injured forward Tomas Hertl, who is day-to-day with a right knee injury that required surgery in mid-November.

According to a source, there is a very good chance Hertl returns to the Sharks on Thursday against the Oilers.

San Jose will retain 30 percent of Wingels’ $2.475 million salary, according to the Senators, which comes out to $742,500.

Wingels, 28, posted 122 points (51g, 71a) and 197 penalty minutes in 337 career games with San Jose over parts of seven seasons. He was originally drafted by the Sharks in the sixth round of the 2008 NHL Entry Draft.

He is the second player that has essentially been pushed off of the Sharks’ roster as they incorporate younger players like Kevin Labanc and Timo Meier into the fold. Matt Nieto was waived in early January, and claimed by the Avalanche on Jan. 5.

"Tommy has been a valuable member of our franchise for many years, a phenomenal teammate and a true role model on and off the ice for our organization and the NHL," general manager Doug Wilson said in a statement. "As a team evolves and younger players push for roster spots, unfortunately tough decisions have to be made. We wish Tommy and his wife, Molly, nothing but success in the future.

"We also want to welcome Buddy and Zach to our organization. They add size and depth to our reserve list and we look forward to having them in San Jose.”