The New York Daily News reports that the New York Mets are close to sealing the deal on five of the $20 million shares they’ve been trying to sell. The owners have been approved by Major League Baseball and the deals could close by the end of the month. The Daily News:
With that, the team would raise enough capital to repay $25 million owned to MLB, a $40 million bridge loan to Bank of America and other club debts and operating expenses that have emerged in the wake of the Bernie Madoff Ponzi scheme scandal.
There is a reported overall total of $350 million in debt — and the team has reportedly lost money in recent years — so that doesn’t handle everything. But it’s better than nothing.
Now, I’d just like to get a gander at the sort of person who gives the Mets $20 million for perks that are basically not much better than being a season ticket holder.
Ken Rosenthal of The Athletic reports that the Marlins, Mets, and Yankees have had discussions about a three-team trade in which Marlins catcher J.T. Realmuto would go to the Mets. It’s not known which other players were discussed in the deal, but Rosenthal notes that the Mets wouldn’t be willing to part with Noah Syndergaard if they are only getting Realmuto in return.
Realmuto, 27, was the best offensive catcher in baseball in 2018, batting .277/.340/.484 with 21 home runs and 74 RBI in 531 plate appearances. He has two more years of team control remaining until he becomes eligible for free agency, adding to his value.
The Mets’ catching corps currently includes Kevin Plawecki and Travis d'Arnaud, so Realmuto would be a significant upgrade. Such a trade would be the club’s second big splash of the offseason as the Mets finalized a trade to acquire second baseman Robinson Canó and closer Edwin Díaz from the Mariners earlier this month.
Interestingly, the Mets and Yankees haven’t made a deal involving major league players since December 2004, when the two sides swapped pitchers Mike Stanton and Félix Heredia, Rosenthal points out.