Fred Wilpon

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.

Here we go: Tim Tebow reports to Mets camp

PORT ST. LUCIE, FL - SEPTEMBER 20: Tim Tebow #15 of the New York Mets speaks at a press conference after a work out at an instructional league day at Tradition Field on September 20, 2016 in Port St. Lucie, Florida. (Photo by Rob Foldy/Getty Images)
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The first few days of spring training have been pretty quiet. Guys are going about their business and games are being played, but we haven’t had any news or controversy or silliness or anything fun like that. That’s about to change, however, as Tim Tebow has arrived at Mets camp.

Tebow, a non-roster invite, arrived at the Mets facility in Port St. Lucie, Florida this morning and, unlike every other non-roster invite, had a press conference. You may be surprised to learn that he’s in great shape, is excited to get going and wants to improve steadily each day.

The plan for Tebow is to be a part of the minor league camp, not the major league one, so he’s not going to be as visible at workouts as you might expect. He will be playing in some major league spring training games, however, at least until we get deeper into spring training, after which you’d assume that veterans and players with a real shot of making the big club will play longer.

In the meantime, you can buy Tebow shirts. But not Curtis Granderson ones, it seems:

It’s spring training for groundskeepers too

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Or, I should say, it’s spring training for whatever automated timer thingie turns the sprinklers on and off.

This was the scene at Goodyear on Saturday as the Indians and Reds played in the bottom of the eighth in their spring training opener. Reds manager Bryan Price says that this was probably the second or third time this has happened in the middle of a game there.

Maybe investigate manually operating that bad boy? Just a suggestion!