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.

Report: Yankees close to signing Gio González to minor league deal

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Jon Heyman reports that the Yankees are close to signing starter Gio González. Per Ken Rosenthal of The Athletic, the deal is of the minor league variety that will pay González $3 million if he makes the major league roster.

González, 33, made 27 starts for the Nationals before being sent to the Brewers ahead of the now-defunct August 31 waiver trade deadline. In aggregate, González went 10-11 with a 4.21 ERA and a 148/80 K/BB ratio in 171 innings. He was solid in his five starts with the Brewers, going 3-0 with a 2.13 ERA.

Neither Luis Severino nor CC Sabathia will be ready for the start of the season, so González will add some immediate depth at the back of the Yankees’ rotation. Sabathia will likely return before Severino. When that happens, González may be pushed out of the rotation.