World Series Secondary Tickets At Super Bowl Levels Dolans Elated With Indians Reaching World Series Cubs Game 6 Most-Watched LCS Since '10 Vegas NHL President Takes On Unique Task Cubs Looking Out For Corporate Partners FS1 Gets Record Overnight For NLCS Game 5 NBA Kings Buy Controlling Interest In D-League Affiliate Manfred Expects Domestic Violence Policy To Evolve Sources: Mark Davis To File Vegas Papers In January Raiders' Davis Earns Respect Of Other Owners
SBD/March 25, 2011/Franchises
Mets Reportedly Lost Nearly $50M In '10, Could Lose As Much Or More This Season
Published March 25, 2011
DEFINING DEBT: In N.Y., Josh Kosman reports MLB is "working to cut how much debt its teams can carry." Sources said that the move, "aimed at avoiding a Mets-like cash squeeze or a Texas Rangers bankruptcy-type scenario, will be centered on widening the definition of team debt." The new debt rule "would be part of MLB's collective bargaining agreement talks with the players' union -- talks that have just begun." Teams currently are "supposed to adhere to a 60:40 ratio of assets to liabilities, adopted in 1975" (N.Y. POST, 3/25).