The Mets should have a cash infusion of over $160 million


Craig passed along a story yesterday that the Mets received $700 million in loans to refinance their debt, but as Richard Sandomir of the New York Times reports, the devil is in the details.

The resulting stability and financial muscularity of SNY and similar networks make them low risks to banks. Late last month, SNY refinanced $450 million in existing bank loans at lower interest rates and borrowed at least $250 million more. With their 65 percent ownership of SNY, Wilpon and Katz should have walked away with about $162.5 million.

In theory, the Mets could go out and use this cash to add talent to the team, but there’s no indication they are willing to do anything other than bargain hunt or perhaps re-sign Scott Hairston. Other more likely scenarios include paying down part of the existing bank debt on the team or bracing for further operating losses. Fun stuff.

Madison Bumgarner diagnosed with fractured left hand

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Giants ace left-hander Madison Bumgarner sustained a displaced fracture of the fifth metacarpal of his left hand on Friday. He’ll undergo surgery on Saturday to insert pins in his pinky knuckle, a procedure that could require a four- to six-week recovery period before he’s cleared to throw again. According to ESPN’s Buster Olney, Bumgarner’s total recovery time is expected to take 6-8 weeks. In a best-case scenario, the lefty said he should be able to pitch again before the All-Star break, but given the amount of time and care it’ll take for him to shoulder a full workload, it’s unclear whether he’ll be able to do so.

Bumgarner suffered the fracture during the third inning of Friday’s Cactus League game against the Royals. Whit Merrifield returned a line drive up the middle and the ball deflected off the top of Bumgarner’s pitching hand before bouncing into the infield. He chased after the ball but was unable to pick it up, and was immediately visited by manager Bruce Bochy and a team trainer before exiting the game.

The 28-year-old southpaw was gearing up for a massive comeback after losing significant playing time with an injury in 2017. During his tumultuous run with the Giants last year, he missed nearly three months on the disabled list after spraining his shoulder and bruising his ribs in a dirt bike accident. He finished the season with a 4-9 record in 17 starts and a 3.32 ERA (his first 3.00+ ERA since 2012), 1.6 BB/9 and 8.2 SO/9 over 111 innings. Without him, the Giants suffered as well; by season’s end, their pitching staff ranked seventh-worst in the National League with a cumulative 4.58 ERA and 10.1 fWAR.

This is the second massive injury the Giants’ rotation has sustained this week after right-hander Jeff Samardzija was diagnosed with a strained pectoral muscle on Thursday. “Horrible news for us,” Bochy told reporters after Friday’s game. “That’s all you can say about it. There’s nothing you can do but push on.”