« RDM: 25 Days Of Mets Xmas Quotes – Day 12
Cash-Strapped Mets Take Out Another Loan. This Time for $40M »
Mets, Mr. North Jersey, Real Dirty Mets Blog, TRDM
by Mr North Jersey
Here is an estimated look at where things stand for now on the projected 25 man Roster/Payroll for 2012.
12/12/2011-1:46pm at 1:46 pm (UTC -4)
well, if you are pretty close on your estimates (arbs and tenders), then in theory they should have plenty of money left to still upgrade the roster a bit (by getting actually good quality mid-tier players for those last spots).
But, I suspect they are holding back something for along the way. Plus, supposedly that 100-110 mill # thrown around includes $ for the draft, etc. And very possible that 110 really meant 90. Or less.
So, it is also quite possible in the land of broke that we find ourselves, that they have somewhere between 3-5mill left to fill out the roster. So, minimum wage all around!
either that, or they have to figure out a way to make some more higher salary disappear, and that pretty much means Wright or Pelf.
12/12/2011-2:11pm at 2:11 pm (UTC -4)
Lets not forget the 25 years worth of Brett Saberhagen at .25m and Bobby Bonilla 1.9m per year.
12/12/2011-3:17pm at 3:17 pm (UTC -4)
What a disaster! Think about the lack of production or where exactly the three players getting 55 million are right now in their careers.
Having about 45 mil to fill up the rest of the team is hard enough BUT
what can really be expected out of Johan, David & JBay at this point???
None are “Superstars” or guys that can carry a team or pitching staff.
I just don’t get why if Reyes was let to walk away w/o a serious offer how isn’t Wright being shopped since we’re in a full rebuilding cycle and there appears no chance of a playoff run.
I just don’t get it.
I thought the years of b*llshittin’ the fans were over with.
Just be honest with us about the situation at the big league level already!
Jeez, what a friggin’ insult.
12/12/2011-3:35pm at 3:35 pm (UTC -4)
Yeah, this is pretty much a last place team in the NL east roster…
Reyes was allowed to walk b/c the Sterling Mets are deep in debt.
Wright is still here b/c I think trading now would be selling low.
If he returns to career numbers – heck, I’ll go so far as to say if he’s not on the DL – I expect him to get dealt mid season.
12/12/2011-3:45pm at 3:45 pm (UTC -4)
it is still possible that if he returns to what he used to be (or a close approximation) then they may look to work out an extension to keep him around as the 1 veteran to build around. Not suggesting it is highly likely, just that it is one of the options.
but, the potential offers right now (assuming they are not overwhelming) certainly has something to do with it.
12/12/2011-4:09pm at 4:09 pm (UTC -4)
I don’t think Sandy has any desire to add any long term debt right now. Only 2 guys on payroll at 2014 which is a really awesome thing. If Wright comes back strong, I can see him being traded. If he is coasting again this year I bet they will pay the option and re-evaluate.
If it were me I would only trade him if the value was there. I think he is one of those guys that are desperate for a change of scenery and would go gangbusters if put in the right spot. All depends if GM’s think the same thing.
12/12/2011-3:58pm at 3:58 pm (UTC -4)
It really is depressing. Again though, it would be a little easier with some honesty.
12/12/2011-3:43pm at 3:43 pm (UTC -4)
Just a heads up… Typically, teams build possible bonus figures in to projected payroll. So, if Santana can earn a possible $3 M in performance bonus, the team would actually count $27 M towards their projected payroll, not just his $24 M base salary.
12/12/2011-3:59pm at 3:59 pm (UTC -4)
12/12/2011-4:23pm at 4:23 pm (UTC -4)
The odds of Johan hitting performance bonuses are on par with Houston having a white Christmas.
12/12/2011-4:36pm at 4:36 pm (UTC -4)
Unless Santana is winning a Cy Young & MVP & All – Star selection and Gold Glove and W.S. MVP all this season then based on what I can find he will be getting just the $24M projected. In other words while I can understand the Mets taking performance bonuses into account the likelihood that Santana reaches them in this case are slim at best.
12/12/2011-5:08pm at 5:08 pm (UTC -4)
And if he does win all that stuff, I’m sure the added attendance would offset the extra 3 mil.
12/12/2011-5:23pm at 5:23 pm (UTC -4)
One would hope.
12/12/2011-5:24pm at 5:24 pm (UTC -4)
Likely this is true.
We might not be going anywhere but fans would come out to see a vintage Johan, I believe.
That of course is about as likely as the snow in Houston NJstuckinTX alluded to above.
12/13/2011-12:16am at 12:16 am (UTC -4)
I would say at this point that some of the asterisk guys might get a little more, and that when we hear about the Mets desperately taking another 40 million loan today, that a 100 million payroll might not really be happening.
When we hear serious talk about Mike Nickeas as the full-time backup, I am afraid that we must once again yield to the Nabobs—Mike Nickeas on the opening day roster is the official welcome mat to small-market city.
They clearly had zero intention of signing Jose, and they have almost certainly spent all they are gojng to spend on “major” acquisitions.
At this point I support Alderson trading just about anyone on the MLB roster for more Wheeler-type prospects. Ike and Duda are probably worth keeping for now.
Trade Wright to Colorado, trade Niese for a top prospect, trade Dickey at the deadline if possible for a top prospect; trade everyone and look toward 2013.
That’s all this team can do; wait out the Wilpons, as the team probably will be pried from their cold, broke hands in the next 12–18 months.
12/13/2011-12:17am at 12:17 am (UTC -4)
The METS borrow ANOTHER $40M!!!! omg
12/13/2011-12:21am at 12:21 am (UTC -4)
Oh to dream….
“The implications of the team’s latest outside financing are not easy to forecast. But two people with knowledge of the team’s finances said that if a full lineup of minority stake investors was not in place by next spring, and cash not in hand, Wilpon and Katz might have to confront the prospect of selling the team entirely.”
12/13/2011-12:35am at 12:35 am (UTC -4)
They are almost definitely going to have to sell. They say they lost 70 million. They borrowed 25 mil from MLB and cannot pay it back and now another 40 mil from B of America.
And bear in mind, this is while dramatically lowering payroll.
And clearly, attendance will plummet more in 2012 than it did last year, TV ratings will also shrink, and resulting stadium cash flow from food/beer/parking/corporate meals/etc. and TV ad revenue will also shrink.
If they also lose or settle for 9 figures in the Madoff case in the spring?
They could be gone by the end of 2012.
How can they hold on?
MLB is never going to allow a NY team to have an 85–90 mil payroll and be like the Mets were from 1977–1983 in this era of mega TV bucks. Not going to happen.
(And payroll could be much less were it not for Johan and Bay–seriously–if not for those last remaining Omar disasters, this could REALLY BE a small-market team salary-wise!)
I would guess that if they really field this team, with Nickeas and a 90 mil payroll, and if the alleged/rumored minority owners don’t start sending in the checks by spring, that Bud will finally have no choice but to turn on Fred.
It’s ugly, getting uglier, and will definitely get uglier still.
But remember—-we may be seeing precisely what we saw from 1977–1980. That–eventually–had a very happy ending. As this will too, eventually. But not in 2012. Too late for that.
Mark Cuban, please come to New York with a blank check…
12/13/2011-12:46am at 12:46 am (UTC -4)
Ditto all this kong. Cuban’s my hope too. If we could get rid of Bud along with the Wilpon’s there might be hope to get Mark in place.
This is gonna get brutal, in some morbid way I can’t wait. It’s like the baseball equivalent of a slasher flick. Saw “the Citifield” Directors Cut.
12/13/2011-1:10am at 1:10 am (UTC -4)
What is the guestimated turn around time on a sale? If the Wilpons said, “OK, we’re selling the team”, how quickly do you think the process would take? 3 months? 6? More?
12/13/2011-1:15am at 1:15 am (UTC -4)
probably not that long. certinly mid season, depending of course on how much of a mess it is untangling all the debts, etc. that Sterling owes.
I still think it ends up going through BK, then all bets are off.
and no, it isn’t like the dodgers. that was the owner declaring BK. this might have to be the team itself (well, sterling-mets).
any way around, it is likely going to be a freaking mess.
12/13/2011-1:30am at 1:30 am (UTC -4)
I’d think it should take 3 months but would probably take 6 months given the circumstances in this case. For comparison, I work for a $12B per year company that just split into 3 separate companies and that took 10 months and was far more complicated than this.
12/13/2011-3:30am at 3:30 am (UTC -4)
The Wilpons debt clearly goes to 11.
12/13/2011-4:06am at 4:06 am (UTC -4)
How much more black could the Wilpons situation be? None. None more black.
12/13/2011-8:41am at 8:41 am (UTC -4)
If the Mayan Calendar is correct then the Wilpons may very well remain owners of the team till baseball is no more.
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