Mets’ Economic Report Not Good

Multiple media outlets are reporting what we all expected, that the Mets will lose a considerable amount of money this season – $23 million – despite an influx on money and the positive ruling in the Madoff case.

The $23 million is an improvement over last year’s reported loss of $60 million, but not enough to get optimistic over a spending spree this winter. Next year’s payroll is projected to be around $95 million with any additional bucks the Mets dole out go towards keeping David Wright and R.A. Dickey.

The rest of their 2013 building plan will be patchwork and hope of improvement from within. The Mets cut $50 million in payroll from last year to this and the reflection hasn’t been seen in the standings. In fact, in some respects the Mets exceeded expectations. Of course, when they were so low to begin with does it really matter?

A bulk of next year’s payroll will be a combined $50 million earmarked for the often-injured Johan Santana – who is out for the rest of the year – and outfielder Jason Bay, who hasn’t come close to living up to his $66 million pact. Hey, Bay could win the Triple Crown next year and he’ll still have been a bust.

Both come off the books after next year unless GM Sandy Alderson can pull off a miracle trade.

 

2 thoughts on “Mets’ Economic Report Not Good

  1. How much of the $20M is due to players cut who we may still be paying like Oliie or Castillo? We are still paying Bonilla.

  2. dave: I know Bonilla is still being paid. How much is due others I don’t really know. But, it all counts and acts as a preventative measure towards future spending.-JD