Cramer compares the Mets to homeowners facing a large mortgage; the Madoff losses are a fixed cost they can work around.
Legendary baseball statistician Bill James puts the matter more starkly. “Poverty is a fantastic discipline,” he writes by e-mail this morning, “In general, it is very good for teams to be forced to make choices. An excess of resources leads to laziness and poor decision-making.” (For proof of that last point, see the past half-decade of Mets teams.)
So the Mets had too much money? Oh mainstream media I love you.