The Mets' Owners Have Reached A Settlement With The Bernie Madoff Bankruptcy Trustee

The federal trial was supposed to begin this morning, but Richard Sandomir of The New York Times tweeted that the Wilpons and Saul Katz have instead reached a settlement that will cost them $162 million. Irving Picard, the trustee representing the victims of Bernie Madoff's Ponzi scheme, had been seeking $303 million.

[HardballTalk, Bloomberg]