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The Mets are facing a money crunch for 2011

Aug 9, 2010, 1:57 PM EDT

Adam Rubin of ESPN New York takes a look at the Mets’ salary commitments for 2011 and concludes that the situation looks dire:

Even if the Mets had 16 players making the major league minimum next
season — which is impossible — the salary commitments for 2011 already
total $120 million.

The nine who make up that amount are Johan Santana, Carlos Beltran. Jason Bay, David Wright Jose Reyes, K-Rod, Oliver Perez, Luis Castillo and Ryota Igarashi.

Of course that crunch isn’t new for next year. It’s obviously been felt this year too, as the Mets made no moves of consequence at the deadline and were reported to be demanding money back from any team with whom they negotiated.

Of course, given how poorly last winter’s big free agent signing has gone so far, the Mets probably wouldn’t have been buyers this winter regardless.

  1. BC - Aug 9, 2010 at 2:04 PM

    Gee. Thanks for the. Good. News.
    I feel like $100.

  2. Simon DelMonte - Aug 9, 2010 at 2:29 PM

    Is it really a money crunch? That remains the big question. Gotta say, if there is any truth at all to the oft-denied Madoff rumors, then there is a real problem and one that isn’t entirely the team’s fault (though the Castillo and Perez contracts can’t be blamed on anyone else). And it’s also possible that every team that doesn’t play in the Bronx is in a bad way thanks to the Great Recession. Remember, in 2008 a new network and a new stadium looked like sure money makers to almost everyone.
    But we’re still left wondering what the truth is. A little transparency would be nice. And also unprecedented.
    On the bright side, this is the chance for the Mets to get younger and imitate the method used by Tampa Bay. The farm system isn’t amazing, but it’s a lot better now and I for one want to see the prospects get their chance.
    The biggest problem here is that just like the Mets are loathe to cut Awful Ollie and get nothing back, they might be stuck with Omar and his contract.

  3. Jonny5 - Aug 9, 2010 at 2:33 PM

    I guess all that Gary Matthews money is going to come in handy??? It was 10.9 million frigging dollars Or did they pay to get rid of him too?

  4. Matt S. - Aug 9, 2010 at 2:48 PM

    “Ryota Igarashi.”
    Who? I’m completely serious. I had to do research to even find out where he came from and how he joined the Mets (and for how much)
    That says more about the Mets’ inepitude than it does my ignorance.

  5. Benny Blanco - Aug 9, 2010 at 2:59 PM

    I would have liked to have read your posts pre-2007 when all the phillies did was trade away players at the deadline.

  6. Simon DelMonte - Aug 9, 2010 at 3:07 PM

    $3 million for two years for a once well regarded Japanese pitcher doesn’t seem all that outlandish. Two terrible outings and injuries aside, he’s been a standard reliever.

  7. Jonny5 - Aug 9, 2010 at 3:29 PM

    No really, what happened to that 10.9 million? Did they pay it out when they traded him? Also, pre 2007 I was still a humble fan, and I bitched a fit when good guys got traded.

  8. Benny Blanco - Aug 9, 2010 at 3:37 PM

    The Angels sent it over to pay GMJ. Just because he was released, doesnt mean he doesnt get his money, right?

  9. Joe M. - Aug 9, 2010 at 3:40 PM

    Aren’t they still also paying Bobby Bonilla something like $1 million every year for the next 25 years? Crazy…..

  10. Simon DelMonte - Aug 9, 2010 at 3:40 PM

    The WaBack Machine found a news story from when GMJr was traded to NY:
    Long and short of it is that the Angels are still on the hook through next year.

  11. El Bravo - Aug 9, 2010 at 3:56 PM

    Yes and isn’t that awesome for Braves fans? HAHAHAHAHAAHA

  12. Jonny5 - Aug 9, 2010 at 4:42 PM

    And now he sits with cinci playing AAA ball right? I guess that money will go through the hands of cinci now, or is it going to NY just to be handed to cinci ?? It’s a shame he isn’t as good as his old man.

  13. Old Gator - Aug 9, 2010 at 5:14 PM

    Sorry, you are obligated to feel like the major league minimum.

  14. bigtrav425 - Aug 9, 2010 at 7:06 PM

    Well B ay was a mistake for sure i can see them trying to trade him out of there and anyone else out of the group ceppt Wright ,Santana and Reyes

  15. John_Michael - Aug 9, 2010 at 7:38 PM

    Craig, or maybe Aaron, if you take the 9 highest paid players per team, and compute their VORPs, or WARs, or what have yous, what team is making the best/worst investment with their ‘core?’

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