Josh Kosman of the NY Post is reporting that the Mets won’t have much money to play with this season and are expecting to lose more than $10 million this year as well as suffering a fifth straight year of declining attendance.
“There is little room this year to raise salaries,” said a source familiar with the team’s finances told the Post.
“While attendance is expected to be down,” Kosman writes. “The team is banking on a small uptick in gate proceeds in its second season of so-called dynamic pricing, which allows ticket prices to be adjusted on the fly based on supply and demand.”
As I’ve said repeatedly and will say again, unless the product on the field improves, fans will continue to stay away. People don’t flock to ballparks and lay out a hundred bucks a game just because a team’s farm system ranks in the top ten. What matters most is wins and the players they pay to see.
As I’ve preached for the last two years, it looks like payroll will in fact be around $80 million in 2013 counting dollars that are actually being paid out. In July of 2011, many of my readers were aghast at that projection and yet here we are.
Next season, the Mets will have about $30 million in payroll commitments, give or take a few. Does anyone really expect Sandy Alderson to go out on a $70 million dollar spending spree? I don’t.
Read Kosman’s full article in the New York Post here.