The Mets lost $50 million last year

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When it was learned that the Mets took a loan from Major League Baseball, it was characterized by some as an instance of a team merely addressing a short term liquidity problem during those cold dark days between seasons.  Seems it was a bit more than that. The New York Times:

The Mets, long one of baseball’s most highly valued franchises, have lost millions of dollars in recent years, including nearly $50 million in 2010, according to two people briefed on the team’s finances … the club’s falloff in revenue was the largest year-to-year decline for any major league team in recent years … overall revenue slid by more than $60 million

Though team financial data is a closely-guarded secret, that’s thought to be the largest slide in revenue since the 1998 Florida Marlins, reeling from their World Series winning roster being torn to shreds, slid from fifth to 13th in attendance in the National League.  In the past three seasons the Mets have slid from first to fifth to eighth in attendance. I would assume that their projections of what life would be like upon moving in to Citi Field didn’t anticipate that.

But hey: Castillo and Perez are gone, and I was led to believe that once that happened, everything would be OK!

The Cards dealt Stephen Piscotty to the A’s, in part, so he could be near his ailing mother

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Last night we wrote about the rumored deal between the Cardinals and the Athletics for Stephen Piscotty. The deal is now official, with Piscotty going to Oakland for minor leaguers Yairo Munoz and Max Schrock.

Something else emerged about the deal today: a big reason why St. Louis traded Piscotty to Oakland as opposed to another team was so that he could be near his mother, who was diagnosed with Lou Gehrig’s disease last May. Piscotty and his family are from Pleasanton, California, about 35 miles from Oakland.

Here’s Cardinals GM John Mozeliak:

This was certainly a baseball trade — Piscotty became expendable for the Cardinals after they acquired Marcell Ozuna yesterday — but it was one which could’ve been made with any team with a couple of red or white chip prospects. That Mozeliak considered Piscotty’s personal situation in making the deal with the A’s is a credit to him and his staff.

The 26-year-old Piscotty hit .235 with nine homers and 39 RBIs in 107 games last season. He has hit .268 with 38 homers and 163 RBIs in 2+ major league seasons. He agreed to a six-year, $33.5 million contract extension last spring.

As for the prospects in return: Munoz, 22, hit .300 with 13 homers and 68 RBIs this year for Double-A Midland and Triple-A Nashville. Schrock, 23, batted .321 with seven homers and 46 RBIs for Midland, and was a Texas League All-Star.