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.
Dodgers ace Clayton Kershaw entered Wednesday night’s start against the Marlins without having issued a walk in his previous three starts. In fact, his last walk came on April 3 when he issued a free pass to Paul Goldschmidt with the bases empty and two outs in the bottom of the first inning. All told, Kershaw was on a streak of 26 walk-less innings before he took the mound at home to take on the Marlins.
Kershaw started off Wednesday in character, striking out the side in the first inning. He issued a walk in a tough second inning, but escaped without allowing a run. Kershaw walked two more in the third and again danced out of danger. In the fourth, Kershaw walked Lewis Brinson to load the bases with no outs and — you guessed it — didn’t end up allowing a run. His errant control finally came back to bite him in the fifth when Kershaw issued back-to-back two-out walks, then served up a three-run home run to Miguel Rojas down the left field line. His night was done when he completed the inning. Five innings, three runs, five hits, six walks, seven strikeouts, 112 pitches.
The six walks Kershaw issued over five innings marked his first six-walk outing since April 7, 2010 when he issued six free passes to the Pirates in 4 2/3 innings. The only other time he walked as many was on August 3, 2009 against the Brewers in a four-plus inning outing. Kershaw hasn’t even walked five batters in an outing recently — the last time was September 23, 2012 against the Reds.