Report: Mets won’t receive additional “substantial” financial assistance from MLB


We learned earlier today that the Mets are currently seeking another loan to cover operating expenses. Well, according to David Waldstein of the New York Times, they won’t be able to look to Major League Baseball to stay afloat for the long-term.

The league already extended a $25 million loan to the Mets in November, but Waldstein reports that they won’t make another significant loan to the club.

The two people briefed on the situation said baseball could conceivably re-evaluate its position in the coming months if it thought it needed to protect its larger interests, like trying to avoid a fire sale of one of its elite clubs. In addition, with opening day a month away, baseball could make a modest short-term loan to help the Mets avoid defaulting on certain payments, like player salaries. But it would not be enough to rescue the Mets’ owners in any long-term sense, the people suggested.

“It’s tapped out,” one of the people briefed on the situation said, referring to the availability of more money.

The Mets may end up borrowing against the value of the team in an effort to run out the clock on a potential sale, but I can’t help but feel the Wilpons and Saul Katz are headed down the same road as Tom Hicks from a couple of years ago.

David Phelps to undergo Tommy John surgery

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Pitcher David Phelps has a torn UCL and will undergo Tommy John surgery, ending his 2018 season, the Mariners announced on Wednesday. Phelps was making brief one-inning stints in the Cactus League as he worked his way back from a procedure to remove a bone spur from his elbow last September. He said he felt the ligament tear on his final pitch against the Angels in his March 17 appearance.

Phelps, 31, was expected to set up for closer Edwin Diaz. The right-hander, between the Marlins and Mariners last season, posted a 3.40 ERA with a 62/26 K/BB ratio in 55 2/3 innings. He and the Mariners avoided arbitration in January, agreeing on a $5.55 million salary for the 2018 campaign. Phelps will become eligible to become a free agent at the end of the season.

As the Mariners noted in their statement, the expected recovery period for Tommy John surgery is 12-15 months, so this very likely cuts into Phelps’ 2019 season as well.