Major League Baseball gave the Mets $20-25 million in financial assistance last fall

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The Mets may be a big market team but they have big financial problems. Bigger than they’ve been letting on, it seems, because the New York Times is reporting that Major League Baseball provided the Mets $20 million to cover operating expenses last fall. Or maybe it was more, because the Daily News is reporting that it was $25 million.  Either way, Fred Wilpon is a tad sensitive about it all:

Wilpon, in Florida for spring training, said on Friday that he would not talk about the team’s finances. Asked directly whether baseball had been assisting him, Wilpon walked away, saying he did not want to discuss the team’s finances with a reporter.

Remember  last year when the Rangers got help with their operating expenses? How everyone considered that to be some kind of affront to fair play and market economics and all of that?  Something tells me that a team with a $140 million payroll and its own cable network needing similar charity isn’t going to go over well.

Also: remember how Tom Hicks started out saying he was going to sell a minority interest in the team?  And then had to take money to keep afloat?  Anyone really all that confident that the Wilpons are going to avoid the same fate Hicks met?

*Correction: When I first posted this I had the headline in the future tense — as in, the league was going to provide assistance. The assistance came last fall.  Sorry for the error.

Texas Rangers fire manager Jeff Banister

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The Texas Rangers just announced that they have fired Jeff Banister as the team’s manager. Bench coach Don Wakamatsu has been named interim manager for the remainder of 2018 season.

Banister was in the last year of his contract with the club, but there was an option for 2019. Rangers brass, obviously, has decided to go in a different direction following what will be the club’s worst finish in Banister’s tenure. At the moment the Rangers are 64-88 and are assured of last place in the AL West.

Banister was hired before the 2015 season and led the Rangers to first place finishes in each of his first two seasons, willing the Manager of the Year Award in 2015. The club fell to a disappointing third place and a 78-84 record last season, however and, after an offseason that neither helped the Rangers rebuild OR reload, this season the descent has continued.

Injuries and under achievement has been the order of the day for the past two years and, with the career of Adrian Beltre nearing its end and the Rangers having been passed up by the Astros as the class of the division, a full rebuild is in the club’s future. Even if that was not the case, however, recently there have been some reports about Banister having trouble communicating with his players, suggesting that, perhaps, the Rangers would move on from him even if the results on the field had been better.

Banister ends his reign as the Rangers’ skipper with a record of 325-313.