Showing posts with label Mets Payroll. Show all posts
Showing posts with label Mets Payroll. Show all posts

Saturday, May 28, 2011

Money Matters: Einhorn's deal provides Mets stability through next year



According to the NY Times, the $200 million from David Einhorn's investment is almost certain to meet the team’s most pressing needs and potentially stabilize its finances at least through next year, several bankers and baseball executives said.

The Mets are expected to use $75 million of Einhorn’s money to retire some of their bank loans and another $25 million to repay a loan, due next month, that the team received from Major League Baseball, according to several people familiar with the team’s finances. This should save the Mets tens, and perhaps hundreds, of thousands of dollars in interest payments.

The remaining $100 million should help with the team’s most urgent issue — paying its players.

With a payroll of about $142 million this season, roughly $12 million in checks must be cut every two weeks. At the very least, Einhorn’s investment would mean that the Mets will have little trouble on that front for the remainder of this season.

Thursday, January 20, 2011

ESPN: Jeff Wilpon, "payroll is up in the $145 Million or better range"


According to Adam Rubin of  ESPN NY, Mets pitchers R.A. Dickey, Mike Pelfrey, Bobby Parnell and Dillon Gee were in firefighting training at the FDNY center on Randall's Island, chief operating officer Jeff Wilpon noted that the Mets will spend roughly $145 million on 2011 payroll in spite of the conservative winter.

"I don't think they realize the payroll is up in the $145 [million] or better range," Wilpon said about casual observers. "I don't think people realize that. Unfortunately, we were somewhat hamstrung by what had happened before. Sandy [Alderson]'s plan was to go and deal with it this year and make sure we have tremendous flexibility next year."

Wilpon also applauded the front office's performance this off-season.

"I think Sandy and his staff have put together the best team we can to get on the field, and now it's time to get out there and prove that we're better than people think," Wilpon said.

Monday, December 13, 2010

Alderson notes and definitive answers


Here are some Sandy Alderson notes/answers from his interview with Mike Francesa:

Mets GM Sandy Alderson confirmed that the team will not spend more than $135-140 Million on 2011 payroll. That's a ton of money for most teams, but the Mets have committed most of that to the players already on their roster, so they don't have much to spend. Adam Rubin of ESPNNewYork has the details:

Not surprisingly, Alderson said there's "no market" for Luis Castillo or Oliver Perez, even if the Mets wanted to trade them. The two players will be in Mets camp this Spring Training.

Alderson confirmed that he's looking to sign a "bounceback" starter to a low base salary. Chris Young was Alderson's "hypothetical" example of such a pitcher, but the tall right-hander is more than just an example. As Rubin notes, the Mets are still interested in Young.

It appears that Johan Santana will return around the All-Star break. The lefty underwent surgery to repear an anterior capsule tear in his left shoulder in October.

The Reds and Mets have not discussed a potential Jose Reyes trade, GM Walt Jocketty told John Fay of the Cincinnati Enquirer (Twitter link).
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