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Source outlines Mets-David Einhorn deal

Updated: May 29, 2011, 10:27 AM ET
By Adam Rubin | ESPNNewYork.com

NEW YORK -- David Einhorn, who has been selected to join the New York Mets ownership group as a minority partner, has a path to majority ownership, a source familiar with the still-not-finalized terms told ESPNNewYork.com.

Einhorn has agreed in principle to purchase roughly 33 percent of the team for $200 million, which will infuse cash and keep the organization solvent in the immediate future. In three years, according to the source, Einhorn has an option to up his stake to 60 percent, ...

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