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

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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.

Blue Jays, Josh Donaldson to table extension talks

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Sportsnet’s Ben Nicholson-Smith reports that the Blue Jays and third baseman Josh Donaldson are tabling extension talks as the two sides weren’t able to build any momentum towards agreement on a new contract.

Donaldson said, “We’re not quite there. That, to me, right now is not the major focus and I’m turning the page.” He added, “I want to play this season and really focus on winning games because, ultimately, our goal is to win a World Series and I don’t want to hinder that at all.” Donaldson also said he expects to hit free agency.

The 32-year-old avoided arbitration with the Blue Jays last month, agreeing on a $23 million salary for the 2018 season. He’s a free agent at season’s end. Last year, the three-time All-Star hit .270/.385/.559 with 33 home runs, 78 RBI, and 65 runs scored in 496 plate appearances. Donaldson missed six weeks in the first half with a calf injury, but was able to return and post terrific numbers, so his health — at least that aspect of it — shouldn’t be a concern going into spring training.

If Donaldson does reach free agency, he’ll join a star-studded group that will likely also include Bryce Harper, Manny Machado, Charlie Blackmon, and A.J. Pollock.