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.
ST. PETERSBURG, Fla. – Reliever Colin Poche went to salary arbitration with the Tampa Bay Rays on Tuesday with the sides just $125,000 apart.
The gap between the $1.3 million the pitcher asked for and the $1,175,000 the team offered was the smallest among the 33 players who exchanged proposed arbitration figures last month. The case was heard by John Woods, Jeanne Vonhof and Walt De Treux, who will hold their decision until later this month.
A 29-year-old left-hander, Poche had Tommy John surgery on July 29, 2020, and returned to the major leagues last April 22 after six appearances at Triple-A Durham. Poche was 4-2 with a 3.99 ERA and seven saves in 65 relief appearances for the Rays. He struck out 64 and walked 22 in 58 2/3 innings.
Poche had a $707,800 salary last year.
Tampa Bay went to arbitration on Monday with reliever Ryan Thompson, whose decision also is being held until later this month. He asked for $1.2 million and the Rays argued for $1 million.
Rays right-hander Jason Adam and outfielder Harold Ramirez remain scheduled for hearings.
Players and teams have split four decisions thus far. All-Star pitcher Max Fried ($13.5 million) lost to Atlanta and reliever Diego Castillo ($2.95 million) was defeated by Seattle, while pitcher Jesus Luzardo ($2.45 million) and AL batting champion Luis Arraez ($6.1 million) both beat the Marlins.
A decision also is pending for Los Angeles Angels outfielder Hunter Renfroe.
Eighteen additional players are eligible for arbitration and hearings are scheduled through Feb. 17. Among the eligible players is Seattle utilityman Dylan Moore, who has a pending three-year contract worth $8,875,000.