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.
Marlins third baseman Martin Prado was forced to make an early departure from Friday’s game after sustaining a left hamstring injury in the sixth inning. Prado sprinted down the first base line to beat out a grounder, but came up limping and had to be helped off of the field and down the steps of the dugout. His recovery timetable has yet to be determined, though he’s considered day-to-day for the time being.
Prior to the incident, Prado went 3-for-4 with two doubles against the Nationals’ Max Scherzer — his first game with multiple extra-base hits since July 2017. It was a rare lucky break for the infielder, who entered Friday’s game with a .169/.221/.180 batting line, one double and three RBI in 95 plate appearances in 2018. The injury appears to be an aggravation of the left hamstring strain he sustained in March, which forced the club to bench him for just over a month this spring.
Prado was replaced on the field by Brian Anderson, who shifted over from right field so the team could bring in pinch-hitter/corner outfielder J.B. Shuck. The Marlins currently trail the Nationals 7-5 in the top of the eighth inning.