Jan 5, 2013, 3:53 PM EDT
The resulting stability and financial muscularity of SNY and similar networks make them low risks to banks. Late last month, SNY refinanced $450 million in existing bank loans at lower interest rates and borrowed at least $250 million more. With their 65 percent ownership of SNY, Wilpon and Katz should have walked away with about $162.5 million.
In theory, the Mets could go out and use this cash to add talent to the team, but there’s no indication they are willing to do anything other than bargain hunt or perhaps re-sign Scott Hairston. Other more likely scenarios include paying down part of the existing bank debt on the team or bracing for further operating losses. Fun stuff.
- Orioles acquire Kelly Johnson from the Red Sox 1
- Orioles acquire Alejandro De Aza from the White Sox 5
- Bryce Harper is 15th player in MLB history to reach 50 career homers before age-22 season 29
- The Dodgers took the shift to the extreme last night 47
- VIDEO: Jorge Soler hits two long home runs in third major league game 20
- Settling the Score: Friday’s results 18
- Mariners end Jesus Montero’s season 37
- Troy Tulowitzki says he’ll retire before he switches positions 32
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (220)
- Forgiveness for Pete Rose? Not in this lifetime (146)
- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)
- And That Happened: Thursday’s scores and highlights (75)