With news the other day that the Wilpons took another big loan to help keep Mets’ operations afloat, new questions are being raised regarding just how poorly off Fred Wilpon really is.
Over at Amazin’ Avenue, Dan Lewis breaks it down in amazing detail. Detail which you should all read if, for no other reason, when that one guy who comments on every Mets post shows up, you’ll be able to counter his propaganda. In the meantime, here’s Dan’s summary:
Right now, the Mets are running serious losses annually — even including their profit share from SNY. There’s no easy way for them to get enough cash to run the team, unless the Wilpons keep putting money in (if they can), and the current plan has a $240 million price tag attached to it, due 2017. They could sell a lot of their SNY stake, but that’d be a very painful sale — and perhaps one fatal to the Wilpons’ efforts to maintain their ownership of the team.
Which is why they’re doing things like shopping Jon Niese for prospects. Depressing times.
Kristie Ackert of the New York Daily News reports that the Mets have discussed a trade involving starter Matt Harvey with at least two teams. Apparently, the Mets were even willing to move Harvey for a reliever.
The Mets tendered Harvey a contract on December 1. He’s entering his third and final year of arbitration eligibility and will likely see a slight bump from last season’s salary of $5.125 million. As a result, there was some thought going into late November that the Mets would non-tender Harvey.
Harvey, 28, made 18 starts and one relief appearance last year and had horrendous results. He put up a 6.70 ERA with a 67/47 K/BB ratio in 92 2/3 innings. Between his performance, his impending free agency, and his injury history, the Mets aren’t likely to get much back in return for Harvey. Even expecting a reliever in return may be too lofty.
Along with bullpen help, the Mets also need help at second base, first base, and the outfield. They don’t have many resources with which to address those needs. Ackert described the Mets’ resources as “a very limited stash of prospects” and “limited payroll space.”