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SBD/October 1, 2013/Franchises
Mets Looking To Refinance $250M Debt, Eye Increasing Payroll Flexibility
Published October 1, 2013
STEP RIGHT UP: In N.Y., Tim Rohan notes Mets GM Sandy Alderson yesterday "essentially announced that the Mets, now freed of a number of burdensome contracts, could spend again." Mets' brass in the coming days will determine the payroll for '14. The Mets for the first time since Alderson came on board in '10 "appear to have the ability to spend more than $2 million on this player and $3 million on that one." Alderson said that this year's payroll was about $87M, "not counting the deferred money owed" to free agent LF Jason Bay, and about $40M of that amount "is now coming off the books." Alderson said, "Certainly we'll have more payroll flexibility than we've had since I've been here" (N.Y. TIMES, 10/1). Alderson: "Having flexibility is great, but at some point you’ve got to put yourself on the line, and I think what we’re going to try to do is balance the level of our commitments with the desire to continue to maintain some flexibility going forward.” Mets COO Jeff Wilpon said that he is "happy with Alderson’s performance, but said no discussions have begun about picking up the GM’s option" for '15 (N.Y. POST, 10/1).