The Wilpons get a new loan that could lead to a higher Mets payroll . . . eventually

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The Wilpons’ financial crunch, brought on by being taken in a Ponzi scheme by their friend Bernie Madoff, almost cost them the team a couple of years ago. It did cause them to take loans with restrictive terms, both from banks and from Major League Baseball. That in turn pushed payroll way below that which a team in a market like New York should be. It’s been something of a depressing slog, frankly.

But now, according to the New York Post, there’s some reason to hope of a financial thaw. It comes in the form of a new $250 million loan which will refinance an existing loan that had a massive principal payment looming early this year. The interest payments will remain about where they were before but (a) no principal payment will be due for seven years; and (b) payroll restrictions built in to the current loan will be gone.

This doesn’t mean that the Mets will suddenly sport $150 million payrolls, but it does give the team breathing room to add players who actually make some money at some point.

Of course, it also means that the Wilpons will not be forced to sell the team due to a cash crunch, paving the way for the Mets’ own version of Magic Johnson to swoop in and make a broke franchise immediately flush. And I know many Mets fans who really, really wish that would have happened.

Video: Phillies rookies dance to “Greased Lightning”

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As per tradition, towards the end of the regular season, veterans on baseball’s various clubs haze the rookies by making them dress up and do something a bit embarrassing. That used to include things like making rookies dress up like women and carry pink backpacks, but Major League Baseball banned that practice, so veterans had to get marginally more creative.

The Phillies had their rookies — including Rhys Hoskins, J.P. Crawford, and Nick Williams — dress up like characters in Grease and perform “Greased Lightning” at their hotel in Atlanta on Friday night. Not only did the Phils’ vets and other members of the crew get a free show, but so did employees of the hotel and nearby hotel patrons.

Video with sound is not currently allowed to be embedded, so click here for that.

As MLB.com’s Todd Zolecki explains, Hoskins was the inspiration for the gag as he has earned the nickname “Rhys Lightning.” (Rhys, for the uninitiated, rhymes with “Grease.”) Hoskins said, “You always hear about team chemistry. I think stuff like that let’s you get to know guys on a different level, when you’re not at the field. You just become more personable with people. The better relationships you have, there’s a different level of playing for each other. And I think that’s usually a sign of a good team.”

The Twins also had some fun at the rookies’ expense:

Video: Aaron Judge hits 47th, 48th homers, now one shy of tying Mark McGwire’s rookie record

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Yankees outfielder Aaron Judge went yard twice in Sunday afternoon’s 9-5 loss to the Blue Jays, bringing his season total up to 48. That leaves him just one home run shy of tying the single-season rookie record set by Mark McGwire with the Athletics in 1987.

After Sunday’s performance, Judge is hitting .281/.416/.610 with 48 home runs, 105 RBI, and 122 runs scored in 651 plate appearances. He has the AL Rookie of the Year Award on lock and is neck-and-neck with the Astros’ Jose Altuve, Chris Sale of the Red Sox, and the Indians’ Corey Kluber in the AL MVP Award race.