Sources: Mets Willing To Grant Minority Investors Veto Power

The Mets "appear willing to give up some control" as they work to finalize a deal to sell a minority stake in the team for $200M. Sources said that the team has "told some suitors it will give a new investor veto power over a limited number of financial decisions," including "overall payroll levels as well as larger player contracts." Under the proposal, the Mets would form a BOD, and each member "would have the right to veto" payroll decisions. This would prevent the team from "gutting payroll to boost the bottom line," though the Wilpons and Saul Katz have said that "that is not their intent" (N.Y. POST, 4/29).