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.
- Francisco Rodriguez re-signs with the Brewers 8
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 267
- Pirates open to massive extension for Andrew McCutchen 16
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 85
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 49
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks 131
- Rob Manfred says a return to a 154-game season could happen one day 66
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training 114
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (267)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Gregg Zaun says young players should be physically abused and hazed by veterans. So they can learn respect. (105)