Why did he get rid of the option in Mil?
Because he wanted to be a closer and at least have a shot at being used as one….

Why would he get rid of the option with us?
To BE SURE HE WOULD REMAIN a closer…

He sold it off for LESS of what he wanted there and could have gotten ALL that he wanted if he sold it off to us!

The fact he sold it off to Mil just PROVES that he wanted to be a closer more than 17.5 MIl!
WHich means we had more leverage to get him to sell it off because WE ACTUALLY could give him what he wanted most!

“FACTS…
In AUgust after the rade dithat option still exist? NOPE! SO that means we could have gotten rid of it too!”

Your scenario has got to be the most deluded scenario and the furthest thing from reality that I have read in a long time. But then again, you are often out touch with reality. Your presumption that KRod would have just voluntarily voided the $17mil option with the Mets(which he was sure to attain) is truly delusional. He never would have given up his closer status and didn’t have to with the Mets. He merely had to finish out the season and get paid $17mil the next year as the Mets closer. And thats exactly what he would have done because once the option kicked in, no team on earth would have taken him off the Mets hands with a $17mil salary attached.

Also, the team’s usage of KROD was being monitored very closely by his agent and the Players Association like hawks. The Mets had no options but to use him as their closer and be on the hook to pay an ineffective, declining pitcher a rediculous $17mil the following year, or wind up in court. When he was traded his entire situation changed and he HAD to move to a different strategy. Thats the only reason we saw him work out the deal that he did. No such deal that you foolishly describe would have been worked out with the Mets…..you are delusional.

Try entering the real world Metsie

Yes he was traded to a team who HAD a closer so his option was not going to vest…WHY did they bother to buy it out?

Did he get 17Mil once he became a free agent? NOPE!

The point you seem to forget is if they were so worried about thier closer getting hurt then why didn’t K-Rod keep his option and make his 17.5 Mil?

ANSWER: BECAUSE he WANTED to be a closer when he hit Free Agency, End the season with 30+ saves which would have got his a deal to close for someone else….

He GAVE UP THE OPTION for a CHANCE to be a closer for them and he would have done it to STAY a closer with us…

If you don’t understand that then come back and talk to me whenever the Wizards gives you a brain…
Otherwise your just walking down the yellow brick road to Sandy Sucking…

As for your numbers, not likely. The Dodgers sale included the ballpark and all the land around it. The Mets do not own Citi Field, the City does, nor the land around it. The only thing the Mets are selling is the Mets. And even though the debt is in SNY name, it is obligated by the Mets as a liability. This further reduces the value of the team. SNY is the collateral agent used to secure the funding but, make no mistake, this is a Met debt.

KRod had a vesting option in his contract if he finished 55 games in 2011. If he achieved that mark, he was going to be paid $17M for 2012. If not, he was due a $3.5M buyout. At the time of the trade, he had already finished 34 games with the Mets needing only 21 more to vest. Are you with me so far?

He was traded to a team that had an established closer (Axelrod). Hence Krod became a set up man. Thus he was not finishing games. The only way a team was going to acquire Krod is in a non closing role because nobody was going to pay him $17M for 2012. Again, he was in so much demand that he had to go back to the Brewers and accept arbitration.

Now here is where it gets tricky so pay really pay attention. The Brewers, to protect themselves against losing Axelrod to injury down the stretch (they were in a playoff chase) and having the option vest, negotiated with Boros to pay Krod and extra $500K ($4M) in the buyout and make the option a player and team option. Thus Krod pocketed an extra $500K to forgo his option.

The option didnt vest because Krod was traded to a team that didnt need a closer. If Krod stayed with the Mets, he would have vested, thus earning the $17M in 2012. As for negotiating out of it, Krod would not have done that with the Mets because he WAS going to earn it. The only reason he accepted the offer from the Brewers was because he was NOT going to vest with them. That is the reason why he was a salary dump. And, as we saw from his performance last season, it wasnt even worth the $8M that he got in arbitration.

Do you understand now?

Yes, that is why I mentioned that while the $160 million offsets some of their financial problems it does not necessarily mean it puts them in a substantially better financial shape for now and in the future based on what they were telling us what was going to happen after the burden of the civil suit was lifted from their shoulders.

But the MLB and BoA Loans were all paid off by the sales of team shares they made last year.

Thats does not mean they were ready to increase payroll in 2012 but those loans were off the books and all that remained were SNY and Stadium loans as the mets were pretty much debt free at that point.

Sandy will be gone by this time next year having accomplished the only plan he set out to do – put a team on the field that is going to cost the Wilpons between 50 and 75 million dollars.

And that is where this 162Mil is going towards. Giving all the investors back thier seed money that allowed them to get the loan and to get it before the higher capital gains and income tax rates went up due to the fiscal cliff negotiations.

SNY loans are NOT Wilpon loans. They are loans for the NETWORK (period) and shared by all the partners who own pieces of the company.

Those partners are also the reason why WIlpon can’t just say we are taking our profit and investing into the Mets…Because none of the debt or the profit is actually Wilpon’s money to do with as they see fit.

Luckily the WIlpons managed to convince Time Warner and Comcast to take some money from SNY and buy some of those 20Mil shares of the team. And the reason they agreed to that is because should the Wilpons even be forced to sell off enough to lose thier Majority stake, SNY as an Entity could join with the WIlpons to maintain majority vote to keep the Broadcast rights that Makes SNY a channel to watch all summer.

Otherwise there is no reason why Time Warner would want to own a Baseball team. They been there did that when they Owned the Braves and they couldn’t get rid of it Quick enough….

Nope which just i another example of how you SAND PEOPLE justtalk out of your ass without ever passing through the brain!

K-Rod is still better than Francisco is 2 6Mil per year isn’t he?

Geta clue and come back when you have one.

Sandy has said he has money to spend (meaning Freds Money) and he has not spent any of it on an MLB player….Except David Wright who is probably the ONLY case of Wilpon $#!TTING in the Sandy Box…

All thier commercial RE holdings collect Rent (which is the one part of RE that has not been slumped) and that generates far more money than there is Overhead.

SNY turns a profit and if I’m not mistaken they can’t really sell off their holdings there to anyone but Time Warner and Comcast. They get first shot at buying the other’s shares.

The Wilpon business is not like typical stock market investments, most of thier money is tied up in revenue generating investments and the loans to buy them were all factored into the business model from the start. Refinancing merely reduces the amount of profit that has to go towards paying the debt meaning they COULD pay off the debt quicker if they had a good year and chose to.