Originally posted on Pro Sports Daily  |  Last updated 3/22/12

Bernard Madoff is reportedly "desperately disappointed" that New York Mets owner Fred Wilpon elected to settle for $162 million - as opposed to taking the lawsuit against him to trial.

"(Madoff) wrote me last weekend that he was so looking forward to that trial," author Diane Henriques told CBS News. "He was hoping that the Mets' defense would make the case he was making to me that they had no reason to doubt Madoff."

Henriques is the author of the Madoff book, "The Wizard of Lies". Madoff is serving a 150-year prison sentence after admitting to fraud.

The Mets owners and a trustee for Madoff's fraud victims settled for the amount on Monday.

The announcement came as jury selection was scheduled to begin the civil trial with $303 million on the table. The Mets will not have to pay a dime for three years as part of the settlement.

Wilpon and fellow owner Saul Katz hope to recover 70 percent of $178 million on loser funds (approximately $125 million), according to Sports Illustrated's Jon Heyman. Should that happen, the Mets will be on the hook for just $37 million.

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