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.

Justin Verlander earns 200th career win

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Astros starter Justin Verlander wasn’t his usual dominant self on Sunday against the Athletics, but he was good enough to get the win. In doing so, he earned the 200th win of his career, becoming the 117th member of the 200-win club.

Verlander went 5 1/3 innings, yielding four runs (all earned) on seven hits and a walk with six strikeouts. On the season, Verlander is now 12-8 with a 2.65 ERA and a 223/29 K/BB ratio in 169 2/3 innings. Sunday’s win helped the Astros stave off the surging A’s. The Astros now have a one-game lead in the AL West.

Only two active pitchers have more wins than Verlander: Bartolo Colon (247) and CC Sabathia (244). Zack Greinke will likely be the next member of the 200-win club as he currently has 184 to his name.