NFL Hands Down Penalties For Browns, Falcons Brewers Aim To Win Back Harley Davidson MLB, Dish Sign Multiyear Renewal Latest Rays Ballpark Proposal Dead MLB Wants More Spanish-Speaking Interpreters Horseshoe Casino Sponsors Reds' Riverfront Club Warriors Concerned About Counterfeit Tickets Knicks' Jackson Reassures Season-Ticket Holders Fred Wilpon Addresses Mets' Clubhouse Ricketts: Payroll Bump Shows "Now Is The Time"
Upcoming Conferences and Events
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).