Missed this on Christmas Eve as I was decking the halls and stuff, but Richard Sandomir has yet another article underscoring just how bad off the Wilpons and the Mets are, financially speaking:
Their $430 million loan on the team is due in 2014. Their $25 million loan from M.L.B. is past due and repayment has been extended. They recently borrowed $40 million from Bank of America. Their valuable network, SNY, is also heavily leveraged, to the tune of $450 million, a loan that must be repaid in 2015. And the Mets’ Citi Field bond payments leapt from $19 million last year to $43.7 million. That is a lot of borrowing for a team that lost $70 million last season and had faltering attendance.
Not the boldest prediction ever: the Mets will be on the market — the whole team, not just parts — before 2012 is over. Just a feeling.
Per ESPN’s Jesse Rogers, Jake Arrieta‘s agent Scott Boras says they’ll discuss a potential contract extension with the Cubs when they meet in January to hammer out arbitration figures.
Arrieta, 30, is entering his third and final year of arbitration eligibility after earning $10.7 million in 2016. The right-hander followed up his Cy Young Award-winning 2015 campaign by going 18-8 with a 3.10 ERA and a 190/76 K/BB ratio in 197 1/3 innings during the regular season. Arrieta pitched well in the postseason, helping the Cubs win their first World Series since 1908.
While Boras clients tend to go to free agency, it’s not always the case. Stephen Strasburg inked a seven-year, $175 million extension with the Nationals earlier this year.
Evan Drellich of the Boston Herald reports, citing a source as well as Nikkan Sports, that reliever Koji Uehara is close to signing a one-year, $4.5 million deal with the Cubs.
Uehara, 41, finished the 2016 season with a 3.45 ERA and a 63/11 K/BB ratio over 47 innings. He missed some time in the second half with a strained right pectoral muscle. When Uehara returned from the disabled list on September 7, he tossed 11 scoreless innings with 12 strikeouts and two walks through the end of the regular season. So there’s at least some evidence, albeit in a very small sample size, that Uehara has stuff left in the tank.
The Cubs recently acquired closer Wade Davis from the Royals. Uehara would join Hector Rondon, Pedro Strop, Carl Edwards, Jr., Justin Grimm, and Mike Montgomery in what is once again a very deep bullpen.