Did any one know about this?
From Adam Rubin-
The refinanced loan reportedly also does not restrict the Mets’ payroll, whereas the original loan’s terms capped how much the Mets could spend on players. The Mets’ payroll currently is about $87 million for 2014 — well below what is customary in a large market such as New York.
There was always speculation on what the Mets could spend on players the last few years, but did anyone know there were terms to the loan out about how much they could spend? Is this the truth? Does this kill any conspiracy theories about Sandy and the Wilpons? Or, does this create new ones? Can we get Mulder and Scully on this case?
Wow, if this is true, is this…..very good news? I had no idea they were basically forced to have a low payroll because of that loan. If they can spend again, maybe they will? Shea had a much higher avg attendance the last few seasons than Citi does not just because Shea can seat more; it’s because the Mets put a winning team on the field each season from 05-08. Sometimes you have to spend money to make money. Just spend it sensibly, so that we can keep on spending it. I believe Sandy can do this.