T'Wolves Welcome First Chinese Minority Owner Braves, Falcons Pitch New Stadiums At Same Time Yankees-StubHub Deal Includes Resale Price Floor Brewers Attendance Consistent With Expectations Raiders Send Las Vegas Fan, Stadium Surveys Foley Not Concerned About Potential Struggles Judge Orders Temporary Stop To Preds Hearing Packers Bring In $408.7M In Record Revenue Reyes Back To Mets After Suspension Padres' Seidler Part Of San Diego MLS Group
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).