Are the Mets in serious financial trouble?

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The New York Post is quoting anonymous investment bankers and others reportedly with knowledge of the Mets’ finances who say that the Wilpon family is strapped for cash, saddled in debt and that they could even have to sell the team if things don’t turn around quickly. The report itself might be just as troubling as the news therein, however.

From what I can tell, just about all the specifics — the Madoff scam, the fact that the team is heavily in debt, the fact that Citi Field bonds are now at junk status and the fact that attendance, and thus gate, is way down — are old news. There was one thing I hadn’t seen — that the Wilpons mortgaged the team to the tune of $375 million — but the fact that they were able to do so in this tight credit environment suggests that someone is actually optimistic, as opposed to pessimistic — about their and the Mets’ earning ability doesn’t it?

The only inside source on which the Post relies sounds more like loose and opinionated lips of someone with vague knowledge of the team’s finances as opposed to someone who’s actually intimately familiar with them.  Quotes like “the family is no longer a bottomless pit” just don’t sound like they came from someone in the business office. The rest of the article is speculation based on those facts listed above that were already known.

I’m not saying that things are rosy — the team could very well be having more financial trouble than we know about — but this article seems like a lot more noise than information.

Blue Jays call up Cavan Biggio

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Cavan Biggio, son of Hall of Famer Craig Biggio, has been called up by the Toronto Blue Jays.

Biggio, 24, was a fifth round selection in the 2016 draft. So far this year he has put up a .307/.445/.504 batting line with six home runs and five steals Triple-A Buffalo. He’s a utility guy of sorts, having spent time at first, second, third and all three outfield positions so far this year. He, perhaps ironically, has not caught yet in his pro career, nor does he play short. Still, that kind of flexibility in a young player can be pretty useful in this age of big bullpens. Especially if he continues to rake like he has. He’ll likely mostly play second base for the Jays starting out.

With Vlad Guerrero Jr. playing third base every day, Toronto now has two sons of Hall of Famers on their roster. That’s pretty neat.