The New York Times is reporting that the Mets are looking to move debt away from the team to SNY to get more favorable debt terms. Plus, they may rearrange the debt and take a dividend for themselves along the way.
I wish that Fred Wilpon and Saul Katz were more interested in improving the Mets roster with their available credit. You might have noticed the 2012 74-win, fourth place Mets had the biggest payroll decrease in MLB history this year with a $50 million reduction from 2011.
It continues to be a sad state of affairs in Queens.