Meanwhile, Fred Wilpon gets $700 million in loans

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I guess he hasn’t technically defaulted before, so sure, why not give a guy who has spent two years spinning financial plates close to a billion bucks:

The owners of the New York Mets obtained at least $700 million in loans to refinance debt, according to a person with knowledge of the matter. The financing will be used to replace existing credit lines and provide additional funds to the parents of the Major League Baseball team, said the person, who asked not to be identified because the information wasn’t public.

In other news, Standard & Poor’s cut the ratings of the debt used to finance Citi Field. They’re now BB, which is two levels below investment grade. Howard Megdal’s story on this from yesterday digs into the reasons for that. Which for Mets fans, has to be rather depressing.

Cody Bellinger named NLCS MVP

Cody Bellinger
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Following a dominant 5-1 win to clinch the National League Championship Series on Saturday night, the Dodgers named outfielder Cody Bellinger their MVP of the series.

Bellinger, 23, made noise when it mattered. Entering Saturday’s game, he carried a meager .190/.227/.238 batting line with just four hits and two RBI, but his hits in Games 4 and 7 became the difference-makers the Dodgers needed to keep pace with the Brewers and clinch the NL pennant. In Game 4, it was Bellinger’s 13th-inning base hit off of Junior Guerra that put the Dodgers over the top for the walk-off 2-1 win. The outfielder returned to put the finishing touches on the series with a go-ahead home run — his first of the postseason — in the second inning of Game 7.

Bellinger wrapped his second season in the Dodgers’ organization in 2018, slashing .260/.343/.470 with 25 home runs, an .814 OPS, and 3.6 fWAR across 632 PA and all 162 games. He’s the youngest Dodgers player to receive the award to date.