Our own Will was right on top of this Mets stuff back in October 2009, calling it deftly:

This entire phenomen is referred to as claw back, and I’m uncertain as to how long the lookback will be (though it’ll be somewhere between the Bayou-suggested 2 years, and the maximum of 6). However, it’s very likely that Sterling will end up trading the $570.6 million that they withdrew from Madoff for some appreciably smaller number. Given the size of the Madoff scheme (and the length of time it went on for) that number will probably be significantly lower than the 33% returned in the Bayou case.

For Mets’ fans hoping to see big name (and big money) acquisitions this offseason, to help make baseball’s second most expensive team competitive again, don’t hold your breath. For those of you hoping the Wilpons’ will have to sell (paving the way for someone not named Omar Minaya to take the reins), well, it may be a good year.

Nicely done, Will.

For the initial Wilpon/Mets stuff, click here.