I don’t pretend to understand high finance that well — and I tend not to get my business news from the New York Post — so someone who knows more about this stuff than me tell if this is really a bad sign or if it’s much ado about nothing:
Banks that provided roughly $400 million in loans to the New York Mets are starting to unload some of that debt at a discount, a sign that creditors are getting nervous about the team’s finances, The Post has learned.
Potential buyers are bidding around 90 cents on the dollar for the debt, sources said. At least one creditor has bought a debt slice at a discount with the approval of Major League Baseball, which must sign off on any buyer of the team’s loans, said one source.
“This tells me the original lenders are scared,” a source close to the situation said.
Is it possible that lenders — freaked out about their returns — could start to panic and a chain reaction could happen that would force the Mets into bankruptcy like the Rangers were? I’m not trying to be alarmist here: unlike Tom Hicks, who had been in the papers for silly finances for some time before the Rangers went into bankruptcy, I really don’t know enough about the Mets’ situation to say anything too intelligent yet. I’m really curious to know.
For now, though, I can at least say that that stuff doesn’t sound good.
CINCINNATI — The Los Angeles Dodgers placed pitcher Noah Syndergaard on the 15-day injured list Thursday with a blister on the index finger of his right throwing hand.
Dodgers manager Dave Roberts said the timetable for Syndergaard’s return is unknown despite the 15-day designation.
“The physical, the mental, the emotional part, as he’s talked about, has taken a toll on him,” Roberts said. “So, the ability to get him away from this. He left today to go back to Los Angeles to kind of get back to normalcy.”
Syndergaard allowed six runs and seven hits in three innings against the Cincinnati Reds on Tuesday night, raising his ERA to 7.16.
Syndergaard (1-4) has surrendered at least five runs in three straight starts.
Syndergaard has been trying to return to the player he was before Tommy John surgery sidelined him for the better part of the 2020 and 2021 seasons.
Roberts said Syndergaard will need at least “a few weeks” to both heal and get away from baseball and “reset.”
“I think searching and not being comfortable with where he was at in the moment is certainly evident in performance,” Roberts said. “So hopefully this time away will provide more clarity on who he is right now as a pitcher.
“Trying to perform when you’re searching at this level is extremely difficult. I applaud him from not running from it, but it’s still very difficult. Hopefully it can be a tale of two stories, two halves when he does come back.”