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

15 Comments

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.

Angels hire Brad Ausmus as special assistant to the GM

Norm Hall/Getty Images
9 Comments

Jeff Fletcher of the Orange County Register reports that the Angels have hired former Tigers manager Brad Ausmus as a special assistant to GM Billy Eppler.

Ausmus, 48, managed the Tigers for four seasons, accruing a 314-332 (.486) record. The Tigers fired him after the 2017 season and hired former Twins manager Ron Gardenhire in his place.

Ausmus will assist with scouting and evaluations of players in the Angels’ system, amateurs, and players in other organizations.