clock menu more-arrow no yes mobile

Filed under:

Mets reportedly re-finance major loan, eliminate spending restrictions

Could the team's owners be in the clear?


The Mets have cleared a major financial hurdle, according to the New York Post. By re-financing a major loan with a major payment due in the spring, the team's owners could be in the clear. According to the story, the team's "existing loan restricts the team from greatly expanding payroll." But the new loan does not have such restrictions.

If the report is accurate, the current owners—the Wilpons and Saul Katz—would not appear to be at risk of losing the franchise. And perhaps the front office would be able to spend more freely after several consecutive years of payroll reductions.