The Mets recently received a $40 million loan from Bank of America

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UPDATE: Via Andy Martino of the New York Daily News, the Mets have released the following statement:

“The bridge loan was approved by Major League Baseball and the syndicate of lenders to the Mets. The process for the sale of minority shares in the team continues to go very well.”

7:22 PM: Just in case the Mets’ offseason approach didn’t make it obvious enough already, the team’s owners remain hard up for cash.

According to Michael S. Schmidt and Richard Sandomir of the New York Times, the Wilpons and Saul Katz received a $40 million loan from Bank of America in the past six weeks. It’s being described as a “bridge loan” as they attempt to raise money through the sale of minority stakes. The Mets received a $25 million loan from MLB earlier this year, but have been unable to repay it.

People familiar with the team’s situation have said the owners had firm commitments from at least seven investors interested in buying a small share of the team for $20 million apiece. Still, until all are sold, none of the investors have had to turn over cash.

Vince Gennaro, a consultant to several major league teams, said that the $40 million loan “says to me that their finances continue to be tight, that there is a cash pinch.”

He added: “The team underperformed, and this tides them over until they get their money. They need cash flow.”

Now, Gennaro said, between the bridge loan and the $25 million owed to baseball, “the first $65 million has to go out the door” should the team sell an adequate number of shares in the team.

Two people with knowledge of the team’s finances told Schmidt and Sandomir that the Wilpons and Katz may have to consider selling the team if a full lineup of minority investors is not in place by next spring, though they have publicly expressed confidence on the matter.

The Marlins are “willing to engage” on trade talks for Giancarlo Stanton

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Jon Morosi hears that the Marlins are “willing to engage with other teams” on a possible Giancarlo Stanton trade.

As we noted yesterday, Stanton has cleared revocable waivers, so he’s eligible to be dealt to any club. The price for Stanton is likely to be high given that he’s enjoying a career year, batting .285/.376/.646 with a league-leading 44 home runs and 94 RBI in 116 games this season. He’s also, obviously, the cornerstone of the franchise.

You also have to assume that anyone looking to acquire Stanton would want the Marlins to chip in money on his $285 million contract. If not, someone might’ve simply claimed him on waivers with the hope that the Marlins would simply let him walk, right? Which suggests that any negotiation over Stanton would be a long and difficult one. It might also involve Stanton agreeing to restructure his deal, which currently gives him an opt-out after the 2020 season. That would likely involve the MLBPA as well, which just makes it all the more complicated.

I think it’s a long shot that the Marlins would trade Stanton in-season, but it’s not hard to imagine him being traded this winter.

Jered Weaver announces his retirement

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Jered Weaver, a 12-year big league veteran and a three-time All-Star, has announced his retirement.

Weaver was struggling mightily with the Padres this year, going 0-5 in nine starts and posting a 7.44 ERA,, a 2.6 BB/9 and 4.9 K/9 ratio over 42.1 innings. He hadn’t posted a sub-4.00 ERA since 2014 and his velocity had, quite famously, sunk into the low 80s and even high 70s at times in recent seasons. A spate of physical setbacks contributed to that, with a hip inflammation ailing him this season and nerve issues in his neck and back afflicting him for the past few years.

But even if his recent seasons have been less-than-memorable, it’s worth remembering that he was, for a time, one of baseball’s best pitchers. He posted a record of 131-69 with a 3.28 ERA in his first 9 seasons, leading the American League in strikeouts in 2010 and leading the circuit in wins in 2012 and 2014. He likewise led the league in WHIP and hits allowed per nine innings in 2012.

He finishes his career with a record of 150-98, an ERA of 3.63 (ERA+ of 111) and a K/BB ratio of 1,621/551 in 2,067.1 innings. He pitched in four American League Division Series and the 2009 ALCS, posting a 2.67 ERA in seven playoff games pitched.

Happy trails, Jered. A first-ballot induction into the Hall of He Was Really Dang Good, Even if We Forgot About It For A While is in your future.