Are the Mets in serious financial trouble?


The New York Post is quoting anonymous investment bankers and others reportedly with knowledge of the Mets’ finances who say that the Wilpon family is strapped for cash, saddled in debt and that they could even have to sell the team if things don’t turn around quickly. The report itself might be just as troubling as the news therein, however.

From what I can tell, just about all the specifics — the Madoff scam, the fact that the team is heavily in debt, the fact that Citi Field bonds are now at junk status and the fact that attendance, and thus gate, is way down — are old news. There was one thing I hadn’t seen — that the Wilpons mortgaged the team to the tune of $375 million — but the fact that they were able to do so in this tight credit environment suggests that someone is actually optimistic, as opposed to pessimistic — about their and the Mets’ earning ability doesn’t it?

The only inside source on which the Post relies sounds more like loose and opinionated lips of someone with vague knowledge of the team’s finances as opposed to someone who’s actually intimately familiar with them.  Quotes like “the family is no longer a bottomless pit” just don’t sound like they came from someone in the business office. The rest of the article is speculation based on those facts listed above that were already known.

I’m not saying that things are rosy — the team could very well be having more financial trouble than we know about — but this article seems like a lot more noise than information.

Astros stave off AL West elimination, beat the Diamondbacks

Colby Rasmus, Gary Pettis
AP Photo

Facing an elimination number of one, the Astros staved off elimination in the AL West by beating the Diamondbacks on Friday night by a 6-1 margin. The Rangers suffered a heartbreaking loss to the Angels on Saturday afternoon, which temporarily put the Astros’ fate in their own hands.

Colby Rasmus hit a pair of solo homers and Jose Altuve added a solo shot of his own. Starter Collin McHugh tossed seven innings of one-run ball, limiting the Diamondbacks to six hits and a walk with six strikeouts. Reliever Will Harris allowed a solo home run to Paul Goldschmidt in the eighth, but Luke Gregerson closed out the game with a scoreless ninth.

The Astros trail the Rangers by one game in the AL West and lead the Angels by one game for the second AL Wild Card slot. The Rangers can clinch the AL West on Sunday afternoon with a win or an Astros loss. The Astros can clinch the second AL Wild Card on Sunday afternoon with a win or an Angels loss.

The Yankees lost both ends of Saturday’s doubleheader against the Orioles and lead the Astros by only one game for the first AL Wild Card slot.

If the Astros win and the Rangers lose on Sunday, they will play an AL West tiebreaker in Texas. The winner will win the second AL Wild Card if the Yankees win on Sunday, or the first AL Wild Card if the Yankees lose on Sunday.

If the Astros lose and the Angels win on Sunday, the two teams will be tied for the second AL Wild Card. They would play a tiebreaker in Houston, and the winner would play the Yankees in New York in the Wild Card game.

Video: Kelby Tomlinson slides in for an inside-the-park home run

Kelby Tomlinson
AP Photo
1 Comment

Giants second baseman Kelby Tomlinson looked more like Ladainian Tomlinson the way he was running during Saturday afternoon’s game against the Rockies. In the first inning with one out against starter Chris Rusin, Tomlinson hit a fly ball into the right-center field gap at AT&T Park, a great place to go if you’re in the mood for an inside-the-park home run.

Neither Carlos Gonzalez nor Chris Dickerson could corral the ball before it rolled all the way to the 421-foot marker at the fence. Tomlinson motored around the bases, but Gonzalez made a strong throw into cut-off man D.J. LeMahieu, and LeMahieu made a great throw in to catcher Tom Murphy, but Tomlinson slid in safely just ahead of the tag.

It was an exciting play and the hit proved important as the Giants eked out a 3-2 win against the Rockies.