Dec 14, 2011, 1:37 PM EST
With news the other day that the Wilpons took another big loan to help keep Mets’ operations afloat, new questions are being raised regarding just how poorly off Fred Wilpon really is.
Over at Amazin’ Avenue, Dan Lewis breaks it down in amazing detail. Detail which you should all read if, for no other reason, when that one guy who comments on every Mets post shows up, you’ll be able to counter his propaganda. In the meantime, here’s Dan’s summary:
Right now, the Mets are running serious losses annually — even including their profit share from SNY. There’s no easy way for them to get enough cash to run the team, unless the Wilpons keep putting money in (if they can), and the current plan has a $240 million price tag attached to it, due 2017. They could sell a lot of their SNY stake, but that’d be a very painful sale — and perhaps one fatal to the Wilpons’ efforts to maintain their ownership of the team.
Which is why they’re doing things like shopping Jon Niese for prospects. Depressing times.
- Royals sign Edinson Volquez for two years, $20 million 25
- Rays, Padres, Nationals agree to 11-player trade 80
- Sergio Romo re-signs with the Giants for $15 million 14
- So, apparently we’re sweating the Matt Kemp physical now 46
- The United States will seek to normalize relations with Cuba 143
- Marlins complete Michael Morse deal: two years, $16 million 19
- Padres, Rays, Mariners discussing trade involving Wil Myers 36
- It is perfectly clear that A-Rod is the Yankees’ DH. At best. So there will be no drama, right? 37
- Baseball’s highest-ranking Hispanic woman employee sues for discrimination (163)
- The United States will seek to normalize relations with Cuba (143)
- Cubs, Red Sox, Dodgers, Padres, Rangers, and Astros interested in Phillies’ Cole Hamels (110)
- Done Deal: Yoenis Cespedes and two players traded to Detroit for Rick Porcello and a minor leaguer (105)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)