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.
Nationals starter Max Scherzer bunted a ball into his face during batting practice on Tuesday, breaking his nose in the process. He ended up with a gnarly looking shiner around his right eye, making him appear a bit like Terminator. Scherzer still took the ball to start the second game of Wednesday night’s doubleheader against the Phillies.
Despite the injury, Scherzer was incredibly effective, limiting the Phillies to four hits and two walks across seven shutout innings, striking out 10 batters in the process. He might even have had some extra adrenaline going, as he averaged 96.2 MPH on his fastball, his highest average fastball velocity in a game since September 2012, per MLB.com’s Jamal Collier. The Nationals provided Scherzer with just one run of support, coming on a Brian Dozier solo home run off of Jake Arrieta in the second inning, but it was enough.
Wander Suero worked a scoreless top of the eighth with a pair of strikeouts. Victor Robles added a solo homer off of Pat Neshek in the bottom half. Closer Sean Doolittle took over in the ninth, working a 1-2-3 frame to give the Nats their 2-0 victory.
Over his last six starts, Scherzer now has a 0.88 ERA with a 59/8 K/BB ratio across 41 innings. He has gone six innings, struck out at least nine batters, and held the opposition to two or fewer runs in each of those six starts.