The New York Post reports that the Mets are seeking yet another loan to cover operating expenses:
The cash-starved Mets are desperately seeking a new loan — totaling tens of millions of dollars — to cover their basic operating expenses, The Post has learned
JPMorgan Chase — which led the banks that loaned the team about $430 million last year — is trying to recruit other institutions to join a syndicate to put together a new loan that would tide the Mets over until they sell a minority stake in the ballclub.
If you assume the Mets are worth $800 million, they still have the capacity to take on debt and remain within baseball’s theoretical debt limits (theoretical because baseball doesn’t always enforce them — cough! — McCourt — cough!). But even if that’s OK for the team, you have to think that it’s less than ideal for the Wilpons, who really don’t need to be compromised any more than they already are.
It was announced earlier this month that 53-year-old Rafael Palmeiro signed a contract with the Cleburne Railroaders of the independent American Association, joining his son, former minor leaguer Patrick Palmeiro. The four-time All-Star went 0-for-8 to begin his stint with the club before launching a solo homer in the fifth inning last night. Check it out below.
If we’re being technical here, that was his first home run since July 30, 2005. He hit the homer off 28-year-old Trey McNutt, former prospect with the Cubs and Padres. Palmeiro made his major league debut in 1986, three years before McNutt was born.
Palmeiro told Ken Rosenthal of The Athletic last December that he was thinking about a comeback, but he understandably didn’t garner any serious consideration from MLB teams. This comeback attempt might not lead anywhere, but hey, he gets to show that he can still mash while hitting in the same lineup with his son. Palmeiro did that once before with the independent Sugar Land Skeeters in 2015, though it was just a one-game thing. As for the Railroaders, the national media attention can only help them.
Palmeiro is one of just six players in MLB history to reach 3,000 hits and 500 home runs, but he’s been a disgraced figure in the game since a failed drug test for performance-enhancing drugs in 2005. He dropped off the Hall of Fame ballot in 2014.