Banks that provided roughly $400 million in loans to the New York Mets are starting to unload some of that debt at a discount, a sign that creditors are getting nervous about the team’s finances, The Post has learned.
Potential buyers are bidding around 90 cents on the dollar for the debt, sources said. At least one creditor has bought a debt slice at a discount with the approval of Major League Baseball, which must sign off on any buyer of the team’s loans, said one source.
“This tells me the original lenders are scared,” a source close to the situation said.
Is it possible that lenders — freaked out about their returns — could start to panic and a chain reaction could happen that would force the Mets into bankruptcy like the Rangers were? I’m not trying to be alarmist here: unlike Tom Hicks, who had been in the papers for silly finances for some time before the Rangers went into bankruptcy, I really don’t know enough about the Mets’ situation to say anything too intelligent yet. I’m really curious to know.
For now, though, I can at least say that that stuff doesn’t sound good.
Last night Braves reliever Josh Collmenter surrendered three homers and seven runs in the 10th inning of a loss to the Pittsburgh Pirates. He came into the game when it was tied 5-5 so, yeah, ouch. Today Collmenter is on his way to no longer being a Braves reliever as he has been designated for assignment.
Collmenter made 11 appearances for the Braves, going 0-2 with a 9.00 ERA in 17 innings. If he doesn’t latch on someplace else he can take heart that his final act in the big leagues was striking out former MVP Andrew McCutchen. If only he hadn’t surrendered consecutive homers to David Freese, Jose Osuna and Jordy Mercer just before that. Oh well. Take the good with the bad.
Right-hander Matt Wisler, who has been no great shakes in the bigs himself, was called up from Triple-A Gwinnett before today’s series finale against the Pirates. He’s currently throwing mopup duty for Bartolo Colon, who got shelled for seven runs in four innings.
Given how Colon is going, maybe the Braves will be thinking about some more transactions soon.
Remember Darren Baker, the son of Nats manager Dusty Baker? If you do, it’s because you remember him as a three-year-old bat boy for the San Francisco Giants who, during Game 5 of the 2002 World Series, was almost run over at home plate only to be saved by Giants first baseman J.T. Snow. Simple math makes it obvious that the kid is now 18, but it still feels weird that so much time has passed.
Now Darren is graduating from Jesuit High School in Carmichael, California, so father Dusty will miss the Washington Nationals weekend series against the San Diego Padres to attend the ceremonies and festivities. Baker will rejoin Washington when they begin a three-game series in San Francisco on Monday. In the meantime, bench coach Chris Speier will assume managerial duties.