Charter To Carry Dodgers' SportsNet LA Should Bears Be Punished For Signing McDonald? Nets Could Avoid "Repeater Tax" Next Season Can Harper Supplant Jeter As Face Of MLB? Phillies' Amaro Apologizes To Fans Lerner Stepping Down As Aston Villa Chair Mystics, Lynx Play "Analytics Scrimmage" Bears Cut Ray McDonald After Second Arrest Warriors, Ticketmaster Look To Dismiss StubHub Jags Develop Ticket Program For Local Biz
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).