Mets News and Notes:
Josh Kosman in the Post reports the Mets again will lose money this season. Writes Kosman:
The team is expecting to lose more than $10 million this year, after bleeding red the past two seasons, while attendance is projected to fall for a fifth straight year, The Post has learned.
The owners can expect to take about $65 million from separately owned SportsNet New York cable network, which airs Mets games. However, Citi Field saps $43 million in debt payments, leaving a net gain of $22 million from those two assets. That means there won’t be much left to sink into the ballclub. …
The team should have more financial freedom next year, when some $50 million in payroll comes off the books, thanks to expiring contracts with Johan Santana, Jason Bay and Frank Francisco, although Bay will continue to receive deferred payments.
However, the Mets have paid only some of the $320 million in principal due lenders in 2014, making next year’s talks poten...
Found February 25, 2013 on
Mets Chronicle:
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