Meanwhile, Fred Wilpon gets $700 million in loans

36 Comments

I guess he hasn’t technically defaulted before, so sure, why not give a guy who has spent two years spinning financial plates close to a billion bucks:

The owners of the New York Mets obtained at least $700 million in loans to refinance debt, according to a person with knowledge of the matter. The financing will be used to replace existing credit lines and provide additional funds to the parents of the Major League Baseball team, said the person, who asked not to be identified because the information wasn’t public.

In other news, Standard & Poor’s cut the ratings of the debt used to finance Citi Field. They’re now BB, which is two levels below investment grade. Howard Megdal’s story on this from yesterday digs into the reasons for that. Which for Mets fans, has to be rather depressing.

Will Middlebrooks carted off field with injury

Getty Images
3 Comments

Phillies third baseman Will Middlebrooks suffered a serious injury during Saturday’s Grapefruit League contest against the Orioles. The infielder was chasing down a pop fly in the eighth inning when he ran into left fielder Andrew Pullin, who inadvertently trapped Middlebrooks’ ankle under his leg. Middlebrooks was unable to put weight on his leg following the collision and was carted off the field and taken to a local hospital for X-rays.

Per MLB.com’s Todd Zolecki, not much is known yet about the severity of the ankle injury or the recovery time it will require, though it appears serious enough to set Middlebrooks back considerably as he seeks a backup/bench role with the team this spring.

The 29-year-old is currently seeking another opportunity to extend his six-year major-league career in 2018. He’s coming off of two down years with the Brewers and Rangers, during which he slashed a cumulative .169/.229/.262 with four extra bases through 70 plate appearances.