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


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.

Playoff Reset: Cubs vs. Dodgers NLCS Game 6

CHICAGO, IL - OCTOBER 16:  Clayton Kershaw #22 of the Los Angeles Dodgers stands on the pitcher's mound during game two of the National League Championship Series against the Chicago Cubs at Wrigley Field on October 16, 2016 in Chicago, Illinois.  (Photo by Jamie Squire/Getty Images)
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The Game: Los Angeles Dodgers @ Chicago Cubs NLCS Game 6
The Time: 8:00 PM EDT
The Place: Wrigley Field, Chicago
The Channel: FS1
The Starters: Kyle Hendricks (Cubs) vs. Clayton Kershaw (Dodgers)

The Upshot:

We’re pulling out the big guns for this one. The Cubs took Los Angeles by storm again in Game 5, closing out their road trip with an eight-run spread over the Dodgers, and tonight they’ll try to clinch the NLCS on home turf in Game 6.

Pitching-wise, it’s a rematch of Game 2 with Kyle Hendricks (16-8, 2.13 ERA) and Clayton Kershaw (12-4, 1.69 ERA) on the mound. Kershaw took the first set against the Cubs, going seven scoreless innings with six strikeouts in Game 2 while Hendricks held the Dodgers to a single run over 5 1/3 innings. Adrian Gonzalez was the only Dodger to capitalize on Hendricks’ cutter, going yard in his first at-bat to generate a 1-0 lead.

The Cubs’ biggest strength so far this series has been an electric offense, something the Dodgers have struggled to replicate against left-hander Jon Lester and Joe Maddon’s airtight bullpen. While they’ve already beaten Hendricks at Wrigley Field once this October, they’ll need Kershaw to go the distance in another playoff gem if they intend to keep the Cubs’ championship hopes at bay with a 3.4-run average. Should Kershaw and his crew knot the series again, the tiebreaker will fall to Rich Hill and Jake Arrieta in Game 7.

Cavaliers will move ring ceremony to avoid conflict with World Series start

CLEVELAND, OH - JULY 11: A general exterior image of the Quicken Loans arena which is next door to Progressive Field where the Chicago White Sox will take on the Cleveland Indians on July 11, 2014 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
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In a show of good sportsmanship, the Cleveland Cavaliers have moved their championship ring ceremony start time back to 7 PM EDT to avoid conflicting with the start of the World Series opener on Tuesday. The Indians are set to host Game 1 at Progressive Field on October 25, while the Cavs will open the 2016-17 NBA season against the New York Knicks at the nearby Quicken Loans Arena, preceded by a ceremony recognizing their first franchise title.

In the event that the Indians clinch a World Series title, it’ll be the first time Cleveland has seen two championships in the same calendar year since 1948, when the Indians’ last Series title came on the back of the Cleveland Browns’ All-American Football Conference championship against the Buffalo Bills. The same was true for the Dodgers in 1988, when their World Series win against the Athletics coincided with the Los Angeles Lakers’ 11th championship, while Chicago has yet to see a multi-title year among their NBA, NHL, NFL, and MLB franchises.

Regardless of the Series’ outcome, Cleveland fans will get the chance to revel in one long-awaited championship win on Tuesday before watching the beginning of a nail-biting conclusion to another long-awaited playoff run. The Cavaliers are scheduled for 7 PM EDT on October 25, while the Indians will take the field at 8 PM EDT.