The New York Daily News reports that the New York Mets are close to sealing the deal on five of the $20 million shares they’ve been trying to sell. The owners have been approved by Major League Baseball and the deals could close by the end of the month. The Daily News:
With that, the team would raise enough capital to repay $25 million owned to MLB, a $40 million bridge loan to Bank of America and other club debts and operating expenses that have emerged in the wake of the Bernie Madoff Ponzi scheme scandal.
There is a reported overall total of $350 million in debt — and the team has reportedly lost money in recent years — so that doesn’t handle everything. But it’s better than nothing.
Now, I’d just like to get a gander at the sort of person who gives the Mets $20 million for perks that are basically not much better than being a season ticket holder.
Free agent middle infielder Danny Espinosa signed a minor-league deal with the Blue Jays, the team announced Saturday. The deal includes an invite to spring training, where Espinosa is scheduled for his first split-squad game against the Orioles this afternoon.
Espinosa, 30, was inked to another minor-league deal with the Yankees in January. The veteran infielder was competing for an infield job until the team picked up second baseman Neil Walker on a one-year, $4 million deal last Monday. Prior to his release, he slashed .160/.276/.320 with one home run through his first 12 games with the Yankees this spring. He didn’t fare much better in the majors last year, either, batting a cumulative .173/.245/.278 with six home runs and a .523 OPS in 295 PA for the Mariners and Rays.
Blue Jays starting shortstop Troy Tulowitzki is still dealing with a bone spur in his heel and has officially been ruled out for Opening Day, which could clear a path for Espinosa to claim a starting role in Toronto. Of course, he won’t be the only candidate under consideration — Yangervis Solarte and Aledmys Diaz are still in the mix as well, though no final decision appears to be made just yet.