The Mets aren’t out of the financial wilderness just yet

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A reminder: though the Madoff stuff is over and though the Wilpons are no longer in danger of losing the team, the Mets are still facing a serious financial crunch and are seeing attendance continue to decrease. Brian Costa lays out the landscape for the Metropolitans over at WSJ.

For a team that has already slashed payroll, has many holes to fill for 2013 and somehow has to sign David Wright to a big deal sometime soon, the future looks pretty murky.

Braves sign reliever Will Smith to three-year, $39 million contract

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The Braves announced on Thursday that the club has inked lefty reliever Will Smith to a three-year, $39 million contract with a club option for the 2023 season worth $13 million. Smith received a qualifying offer worth $17.8 million from the Giants, so he opted for a lower average annual value for a longer contract.

Smith, 30, was an All-Star last season with the Giants, finishing with 34 saves, a 2.76 ERA, and a 96/21 K/BB ratio across 65 1/3 innings. Across parts of seven seasons in the majors, he has a 3.53 ERA.

Smith, the top free agent left-handed reliever, will join a strong Braves bullpen which already includes Mark Melancon, Shane Greene, and Sean Newcomb.