Nats Park: an increasingly bad deal for D.C. taxpayers

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I’ve long been opposed to the use of public monies to finance Major
League ballparks. For one thing, these teams are owned by billionaires,
almost all of the revenues a park brings goes right back to the team,
not the city, and I don’t think local government should be in the
business of giving such handouts to billionaires. For another thing, I
don’t know too many cities who have been so flush with cash in the past
several decades that they couldn’t have used the hundreds of millions
they’re spending on the ballpark for something more important. Finally,
even if you’re all for a city giving millions it doesn’t have to
billionaires, the details of these ballpark deals are always shady, and
the true cost to the taxpayers only becomes evident years after all of
the initial hoopla and rosy projections.

In light of all of that, this news regarding Nationals Park in Washington doesn’t surprise me in the least:

Mayor Adrian M. Fenty is planning to divert millions of dollars from
the ballpark tax to reduce the city’s deficit. The Ballpark Revenue
Fund is intended to pay down the debt on Nationals Park. But Fenty’s
revised 2010 budget shifts $50 million from it to the general fund over
the next four years.

And it’s not as if the ballpark debt is going to go away. It’s now
simply going to cost a strapped city even more to service, thereby
raising the ultimate price of the Lerner family’s new toy box/cash
machine even higher than was projected when the place was built.

I love baseball. For the most part I love the new ballparks. There
is no escaping the fact, however, that these ballparks represent
horrible, horrible deals for tax payers.

Report: Mets have discussed a Matt Harvey trade with at least two teams

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Kristie Ackert of the New York Daily News reports that the Mets have discussed a trade involving starter Matt Harvey with at least two teams. Apparently, the Mets were even willing to move Harvey for a reliever.

The Mets tendered Harvey a contract on December 1. He’s entering his third and final year of arbitration eligibility and will likely see a slight bump from last season’s salary of $5.125 million. As a result, there was some thought going into late November that the Mets would non-tender Harvey.

Harvey, 28, made 18 starts and one relief appearance last year and had horrendous results. He put up a 6.70 ERA with a 67/47 K/BB ratio in 92 2/3 innings. Between his performance, his impending free agency, and his injury history, the Mets aren’t likely to get much back in return for Harvey. Even expecting a reliever in return may be too lofty.

Along with bullpen help, the Mets also need help at second base, first base, and the outfield. They don’t have many resources with which to address those needs. Ackert described the Mets’ resources as “a very limited stash of prospects” and “limited payroll space.”