Apr
25
2011

Mets Owner In Violation Of MLB Debt Rules

According to Forbes Magazine, the Mets currently operate in violation of baseball’s debt rules:

“Insiders attribute the lack of oversight to the laissez-faire culture of MLB executives and the independence and fiscal feistiness of team owners. Others are more cynical and say that as long as you toe the line with Selig, supporting his revenue-sharing plans and labor negotiations, you get what amounts to a free pass when it comes to oversight of your business practices. The Wilpons are well-known friends of Selig. The McCourts have always supported the commissioner’s initiatives. Both got in way over their heads.”

The Commissioner runs Major League Baseball not by fiat, but by consensus. And for the most part that’s worked pretty well for a number of years. But there probably is a cost associated with getting everyone on the same page. The question is whether the favors Bud Selig has done for various owners will ultimately come back and bite him.

Bud Selig simply cannot leave too soon for me. The former used car salesman has been using the ‘used car’ rules much too often. I wonder how he keeps his owners out of jail, with their bending the rules for their own needs. Now the headlines in the press are talking about the Dodgers and the Mets at the same time and oooops, he just threw Frank McCourt out of the Dodger board room. The Mets top brass, Fred Wilpon and Saul Katz are spending their time trying to beg, borrow and steal enough $$$$ to keep the team running now that Bud has told them his pockets are closed.

Without knowing how much owner Fred Wilpon stands to lose, it’s safe to assume the Bernie Madoff scandal will be considered a turning point in New York Mets history.

Fortunately the one big change at the Citi Field offices is the new twosome in charge of the baseball team – Sandy Alderson, and Terry Collins. Sandy did some work on the West Coast, but has never been involved in a New York team before – and he’s done very, very well. Speaks softly, but carries a big stick. And Terry Collins? The best team manager in my memory. These guys – many of whom have not played together before – just love Terry and will play their hearts out for him.

Yesterday they had their first four game winning streak over the Diamondbacks. Smiles and high fives all around. Played on a sunny Easter Sunday afternoon in front of a very small crowd – we’ll just note that it was a Holiday.

C’mon back folks – they’re doing good things at Citi Field.

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18 Comments + Add Comment

  • Slowly the noose tightens,….

  • Terry Collins is the “best team manager in your memory”???b
    Madame author forgive but I must ask. When were you born?
    What place are we in? 1st? 2nd?
    See a doctor, that fall you took yesterday has affected your stm.

    • “What place are we in? 1st? 2nd?”

      Come back and ask that question again in about 2 weeks.

    • Appreciate the overall sentiment Annie. I’m not quite as overwhelmed as you are but I do feel things are being done far more competently than have in over a decade and with both a long term and pragmatic view.

      There are plenty of people upset that the Mets didn’t spend more money but no one has any idea if they actually had anymore to spend or not, and let’s face it, there wasn’t too much out there to spend it on.

      As more and more teams start to either lockup their best players for good or just merely for an extra 2-3 years before letting them hit free agency we’re going to have to find some in house solutions to our needs. That and the Marlins new stadium might preclude them from needing to ship their best players our way. How are we going to get anyone for any spot on the roster if we don’t make every effort to start developing our own top talent?

  • Young Fan? :)

  • It’s way too early to make the statement TC is the best manager in Mets history. I believe the jury will be out for awhile on that one.

    • She didnt say history, she said her memory.

      • She must have amnesia, or she’s only ten years old.

  • Dont you guys know its not polite to ask a lady her age? =)

  • Annie,

    I have to agree with the sentiment that your judgment, esp. of COllins, is premature. Nothing would make me happier than to see your judgment hold up by the end of the season.

    Despite all of the Mets problems, I am not counting this team out yet. Let’s see how we play the Nats and Phils this week.

    NL East looks good, and we are going to have to start beating our main rivals if our Mets are to escape the month of May with any sort of chance. Let’s continue to see steady progress and wins from our SPs.

    • she must be a young fan.this whole madoff thing is going to be the turning point for this team though,much of our future is going to depend on what happens to the wilpons.the team is looking better,against a bad team, but all these castoffs and injury prone players are a lot to hang the season on.we must resign reyes, and next year hopefully we can find more pitching, assuming we don’t become a small market team.all that being said i still and will always distrust the wilpons.

  • To be fair, the McCourt’s divorce was stopping business as usual to take place in LA. The Wilpon’s have done everything a team in financial trouble should do. They’ve offered up a significant share of their team and are looking to add a partner very soon.

    The McCourt situation is dividing the ownership, not adding to it. There’s a difference.

    • And the shady loan from NewsCorp didn’t help.

      Although, I’ve read other places that McCourt was not welcome as an owner to begin with.

  • To those concerned that the Mets are in violation of MLB debt rules, and who attribute the lack of oversight to the laissez-faire culture of MLB executives, I say, “So what? Keep up the good job.” Lack of oversight is often a good thing. We don’t need more meddlers. We need ‘doers.’ The financial risk is borne largely by the owners themselves, so if they support a laissez-faire approach, that is their right.

    Let’s remember, baseball is enjoying great prosperity, especially considering the current economy. In my view, baseball executives are doing a helluva lot better job than the politicians in Washington.

    Fans are consumers, not owners. Fans can show their disapproval by not supporting the game of baseball at the ticket office and by not shopping for team gear. It ends there.

  • Don’t get drunk with success there annie, it’s only four games against lousy teams, and there’s a long way to go before we have a contender.

  • Terry Collins the best manager in her memory? You are not helping your fellow female sports fans with that ludicrous statement, Annie…. Does the name Valentine ring a bell, young lady?

  • If we were the Pirates no one would care!
    This is all about a big market club and the small market team’s attempt to stop us from buying up the good players by saying we can’t afford them and shouldn’t play in FA.

    And if the team is operating under a deficit I wonder why they aren’t making any money?
    Is it because the Wilpons are not managing it or because there is none to manage with all the boycotts and haters not going to games?

  • PERHAPS A MONIKER CHANGE TO “NY DEBTS” IS IN ORDER! WONDER IF COMMISH WOULD APPROVE? LMAO!

NL East Standings

TeamWLPct.GB
Braves4230.583 -
Phillies3537.4867.0
Nationals3436.4867.0
Mets2740.40312.5
Marlins2248.31419.0

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