The Mets should have a cash infusion of over $160 million

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Craig passed along a story yesterday that the Mets received $700 million in loans to refinance their debt, but as Richard Sandomir of the New York Times reports, the devil is in the details.

The resulting stability and financial muscularity of SNY and similar networks make them low risks to banks. Late last month, SNY refinanced $450 million in existing bank loans at lower interest rates and borrowed at least $250 million more. With their 65 percent ownership of SNY, Wilpon and Katz should have walked away with about $162.5 million.

In theory, the Mets could go out and use this cash to add talent to the team, but there’s no indication they are willing to do anything other than bargain hunt or perhaps re-sign Scott Hairston. Other more likely scenarios include paying down part of the existing bank debt on the team or bracing for further operating losses. Fun stuff.

Yankees activate Aroldis Chapman

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Yesterday the New York Yankees got Aaron Judge back. Today they activated closer Aroldis Chapman.

Chapman has been on the disabled list since August 22 with left knee tendinitis. Before going down the 30-year-old fireballer registered a 2.11 ERA and 31 saves with an 84/27 K/BB ratio in 47 innings of work.

In his absence David Robertson, Dellin Betances and Zach Britton have all been bumped an inning back to decidedly mixed results. Now Chapman is back in the mix.