The Mets' debt is actually close to $625 million, according to a report in Fortune.
The magazine, quoting an anonymous source, says bank debt totals $430 million. But the report also refers to $100 million in "contingent liabilities" -- obligations such as annual $1.1 million payments to Bobby Bonilla for 25 years beginning this summer and $250,000 payments to Bret Saberhagen through 2029.
The report adds:
The source adds another $70 million to the team's overall liabilities to cover this year's losses. The Mets lost $50 million in 2010 and are projected to lose $60 million this season. But they've already seen an 11% decline in attendance this year, which makes it likely that the team will lose closer to $70 million. Part of the franchise's annual obligations is an annual $50 million municipal bond payment for financing Citi Field -- these payments come from Queens Ballpark Company, a "wholly owned subsidiary of the New York Mets," according to the Sterling Equities website.
The magazine, quoting an anonymous source, says bank debt totals $430 million. But the report also refers to $100 million in "contingent liabilities" -- obligations such as annual $1.1 million payments to Bobby Bonilla for 25 years beginning this summer and $250,000 payments to Bret Saberhagen through 2029.
The report adds:
The source adds another $70 million to the team's overall liabilities to cover this year's losses. The Mets lost $50 million in 2010 and are projected to lose $60 million this season. But they've already seen an 11% decline in attendance this year, which makes it likely that the team will lose closer to $70 million. Part of the franchise's annual obligations is an annual $50 million municipal bond payment for financing Citi Field -- these payments come from Queens Ballpark Company, a "wholly owned subsidiary of the New York Mets," according to the Sterling Equities website.
Adam Rubin
ESPNNewYork.comAdam Rubin has covered the Mets since 2003. He's a graduate of Mepham High School on Long Island and the Wharton School of the University of Pennsylvania. He joined ESPNNewYork after spending 10 years at the New York Daily News.
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ABOUT THIS BLOG
Adam Rubin
Adam Rubin has covered the Mets since 2003. He's a graduate of Mepham High School on Long Island and the Wharton School of the University of Pennsylvania. He joined ESPNNewYork after spending 10 years at the New York Daily News.
Andrew Marchand
Andrew Marchand is a senior writer for ESPNNewYork.com. He also regularly contributes to SportsCenter, Baseball Tonight, ESPNews, 1050 ESPN New York and ESPN Radio. He joined ESPN in 2007 after nine years as a sports writer at the New York Post.
Mark Simon
Mark Simon is ESPN Stats & Information's Baseball Research Specialist. He's also one of several Mets historians working at ESPN and a co-host of the Baseball Today podcast. He joined ESPN in 2002 after 6 1/2 years as a sports writer at the Trenton Times.
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UPCOMING GAMES
| W-L | HM | AW | STK | L10 | |
|---|---|---|---|---|---|
| SDG | 17-30 | 12-16 | 5-14 | L1 | |
| NYM | 25-21 | 13-9 | 12-12 | W1 |
| W-L | HM | AW | STK | L10 | |
|---|---|---|---|---|---|
| SDG | 17-30 | 12-16 | 5-14 | L1 | |
| NYM | 25-21 | 13-9 | 12-12 | W1 |
| W-L | HM | AW | STK | L10 | |
|---|---|---|---|---|---|
| SDG | 17-30 | 12-16 | 5-14 | L1 | |
| NYM | 25-21 | 13-9 | 12-12 | W1 |
TEAM LEADERS
| WINS LEADER | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
R.A. Dickey
|
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| OTHER LEADERS | ||||||||||||
| BA | D. Wright | .397 | ||||||||||
| HR | D. Wright | 5 | ||||||||||
| RBI | D. Wright | 28 | ||||||||||
| R | D. Wright | 30 | ||||||||||
| OPS | D. Wright | 1.110 | ||||||||||
| ERA | J. Santana | 3.24 | ||||||||||
| SO | J. Santana | 53 | ||||||||||
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