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.
“We haven’t had many games like this,” Dodgers manager Dave Robert said after last night’s loss to the Yankees. That’s for sure.
There were no wild walkoff hits. There were no home runs by Dodger batters. There were two, including a grand slam, from Didi Gregorius, however, and he and New York batters pounded Hyun-Jin Ryu, perhaps the stingiest pitcher in baseball this year, for seven runs on nine hits in four and a third as the Yankees beat the Dodgers 10-2 in Dodger Stadium.
Aaron Judge, who has been slumping something terrible, opened up the scoring with a solo home run in the third. Two batters later Gary Sánchez matched him with a blast of his own. An A.J. Pollock RBI single in the bottom half of the inning made it a 2-1 game but after that the Yankees stepped on the gas with a five-run fifth highlighted by a Didi Gregorius grand slam. Gleber Torres would homer in the sixth, Judge would single home a run in the eighth and Gregorius would strike again in the ninth with a solo homer for his second blast of the night. That one gave the Yankees 57 bombs in the month of August, which sets a team record. There’s still a week left in August too.
As for the Dodgers, Ryu was uncharacteristically rusty, though it probably should be noted that this was his second poor outing in a row. struggled through his second straight sub-par outing. The last time out he lost to Atlanta. allowing all four Braves’ runs in 5 2/3 innings as the Dodgers fell 4-3. His ERA came in to this game at a still-MLB-best 1.64, but those seven runs in fewer than five — his shortest outing in nearly two months — puffed it up to an even 2.00.
The Yankees scored just nine runs in their three losses in Oakland. Last night they beat that by one. And they brought themselves to within one game of the Dodgers for the best record in all of baseball, which would determine home field in the World Series should these two powerhouses meet.
For now, though, Roberts is limiting the implications of all of this to Friday night, saying “fortunately, it only counts for one loss.” Yep. But man, it was an ugly one.