Wilpwned indeed.

lethal wrote:If you value the Mets at 600 mil, 1/6 of that is 100 mil. 100 mil in interest over 3 years for a 200 mil loan? 50% Basically 15% APR?

If you value them at 300 mil (as the 200 mil figure for 60% suggests), then 1/6 is 50 mil for interest for 200 mil, so 25%, which is about 8% APR, which I guess is more reasonable.

Don't you have to consider the likelihood that the Mets will appreciate in value over the next 3 years? The fact that Einhorn has an option to buy the team under certain circumstances for a total of $200 million+$1 isn't really relevant to the team's actual value. Given the value of the franchise is likely to be greater than even 600 million in 2014, the Wilpons could get some other "investor" to help them pay back Einhorn and keep control of the franchise. There's a limit to this of course, as they can only sell off so many sixths before they lose control.

as referenced earlier in this and other mets follies conversations, this basically gives einhorn incentive to chill the market on the mets in a variety of ways. While the mets are probably capable of taking care of that step themselves, if I were wilpon & co, I'd look into disability insurance on players of any capability at all, drug test every day, drive jose to/from the ballpark myself, etc.

Darren Rovell seems to think this story is bologna.

I never knew it was supposed to be baloney and not bologna. Or at least that's what an online dictionary is saying. You live, you learn!

jerseyhoya wrote:Darren Rovell seems to think this story is bologna.

I never knew it was supposed to be baloney and not bologna. Or at least that's what an online dictionary is saying. You live, you learn!

Old School Dead Tree Dictionary (American Heritage Dictionary of the English Language 3rd Edition--a wonderful reference everyone should own
If you're referring to the meat-like product you might eat in a sandwich, it's bologna, but baloney is a variant. If you're using a nice word for bullshit, you use baloney. The etymological relation between bologna and baloney in the second sense is uncertain, thus, using bologna in the sense you used it is non-standard.

ffs

Jason Bay hasn't had an extra base hit in 24 games.

K Rod only has to finish 27 more games and his $17.5 million option becomes gauranteed next year.

At least they're not rushing him back

TenuredVulture wrote:

lethal wrote:If you value the Mets at 600 mil, 1/6 of that is 100 mil. 100 mil in interest over 3 years for a 200 mil loan? 50% Basically 15% APR?

If you value them at 300 mil (as the 200 mil figure for 60% suggests), then 1/6 is 50 mil for interest for 200 mil, so 25%, which is about 8% APR, which I guess is more reasonable.

Don't you have to consider the likelihood that the Mets will appreciate in value over the next 3 years? The fact that Einhorn has an option to buy the team under certain circumstances for a total of $200 million+$1 isn't really relevant to the team's actual value. Given the value of the franchise is likely to be greater than even 600 million in 2014, the Wilpons could get some other "investor" to help them pay back Einhorn and keep control of the franchise. There's a limit to this of course, as they can only sell off so many sixths before they lose control.

so basically the wilpons are now playing the role of bernie madoff

jerseyhoya wrote:Think this goes under the pity part

NYTimes wrote:even in the best case, he will not return until the middle of August.

inasmuch as this is the Mets, amputation at the hip is implicitly part of the worst case scenario

The Mets hadn't hit a grand slam since 2009?

Jesus Christ!

Well, they got 2 today, including one from my hero over there.

But this is no good. Need more Mets losses, want Beltran.

Mets really hitting well the past few games. Reyes playing himself into an absurd contract from someone.

it's adorable how they think that being over .500 is progress. like they're the freakin pirates or something.

1 wrote:it's adorable how they think that being over .500 is progress. like they're the freakin pirates or something.

One of my Facebook friends noted this in an overexuberant status update. Really, dude?

I'd like to point out that there was a time not so long ago where we would have been doign the exact same thing.

Bill McNeal wrote:I'd like to point out that there was a time not so long ago where we would have been doign the exact same thing.

We had almost 20 straight years of futility save for the aberration of 1993. That's Pirates territory -- and no one would begrudge a Pirates fan for doing it. The Mets have been contenders in the not-so-distant past.

The Phillies have won 203 more regular season games than the Mets since the Mets came into existence (and we're above .500 as a franchise since 1962). 5 more NL East titles than them too. Kind of a random thought type post.

1 wrote:it's adorable how they think that being over .500 is progress. like they're the freakin pirates or something.

given their recent experience with Madoff, they're sort of the bizarro pirates