Mets and SNY Seek Banks’ Help With Debt –

The Mets, whose financial woes have included steep losses, burdensome debt and an expensive showdown with the trustee for the victims of Bernard L. Madoff, are talking to banks to find a way to raise cash, according to two people with knowledge of their plans.

via Mets and SNY Seek Banks’ Help With Debt –

I’m more concerned with Adam Rubin’s analysis of the payroll than I am this article.  A lot of players making $1 million means a sub-par team.  Contacting the banks for a better rate is just good financial management.  Have you ever refinanced your house?

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