The Mets lost $50 million last year

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When it was learned that the Mets took a loan from Major League Baseball, it was characterized by some as an instance of a team merely addressing a short term liquidity problem during those cold dark days between seasons.  Seems it was a bit more than that. The New York Times:

The Mets, long one of baseball’s most highly valued franchises, have lost millions of dollars in recent years, including nearly $50 million in 2010, according to two people briefed on the team’s finances … the club’s falloff in revenue was the largest year-to-year decline for any major league team in recent years … overall revenue slid by more than $60 million

Though team financial data is a closely-guarded secret, that’s thought to be the largest slide in revenue since the 1998 Florida Marlins, reeling from their World Series winning roster being torn to shreds, slid from fifth to 13th in attendance in the National League.  In the past three seasons the Mets have slid from first to fifth to eighth in attendance. I would assume that their projections of what life would be like upon moving in to Citi Field didn’t anticipate that.

But hey: Castillo and Perez are gone, and I was led to believe that once that happened, everything would be OK!

Report: Martinez, Nationals agree to contract extension

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WASHINGTON — Manager Dave Martinez and the Washington Nationals have agreed to work out a contract extension that will keep him in charge of the club beyond next season, according to a person with knowledge of the situation.

The person confirmed the news to The Associated Press on Friday on condition of anonymity because no official announcement had been made.

Martinez led the Nationals to the franchise’s first World Series championship in 2019, his second season as the team’s skipper.

When he initially was hired, Martinez signed a three-year deal with a club option for 2021 that had not yet been picked up by the Nationals.

After a title defense slowed by injuries and inconsistency during a 60-game season delayed and shortened by the coronavirus pandemic, Washington was 23-34 and last in the NL East before facing the New York Mets on Friday night.

It’s the second game of a season-ending four-game series at Nationals Park.

Martinez was sporting his World Series ring on his right hand when he spoke to reporters via a video chat before word emerged Friday afternoon of a change to his contract.

“The coaching staff and myself decided to wear it for the last week of the season, so we’ve been wearing it this whole week. It’s kind of cool,” Martinez said about his ring. “Come Sunday, it goes off and goes back in its little shiny box. But it’s kind of nice to look down and look at it.”

Asked earlier in the week whether he would like his up-in-the-air contract status resolved before the season ends, Martinez said his agent and Nationals general manager Mike Rizzo had been discussing the matter.

“I love it here. I don’t see myself going anywhere else,” Martinez said then. “I appreciate the family. I appreciate this organization. We’ve built a special relationship here, so I hope I get a chance to stay for many, many years.”

Then he paused for five seconds before adding: “The sooner, the better, though.”