Truth & Rumors > MLB

Mets losses may top $100M over two seasons

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08:16 AM ET 03.25 | According to a report, the Mets lost nearly $50 million in 2010, and they're set to lose as much or more in 2010. The team's losses -- projected to hit another $50 million or more this season based on factors including advance ticket sales -- come with a range of implications for its owners, who are trying to sell a portion of the club, and for major league teams that rely on the Mets to share revenue with them. Two years ago, the Mets contributed more than $40 million to baseball's revenue-sharing pool -- a system meant to create a more level playing field for small- and large-market teams. But in 2010, the Mets put in around 40 percent less. The losses -- the club's falloff in revenue was the largest year-to-year decline for any major league team in recent years -- are certainly jarring for a franchise operating in the nation's most lucrative market.

The New York Times

Sandy Alderson, Getty Images Sandy Alderson, Getty Images
March 25, 2011  08:35 AM ET

This is what happens when you do not put a quality team on the field....hopefully canning Minaya and hiring Laderson will help fix this and stem the tide of losses.

March 25, 2011  08:36 AM ET

*Alderson

March 25, 2011  08:37 AM ET
QUOTE(#2):

This is what happens when you do not put a quality team on the field....hopefully canning Minaya and hiring Laderson will help fix this and stem the tide of losses.

Morning barkeep.


BALLS!!!

Comment #5 has been removed
March 25, 2011  08:40 AM ET
QUOTE(#4):

Morning barkeep.BALLS!!!

morning Clem...COJONES!!!

March 25, 2011  09:18 AM ET

1 of only 3 teams that depreciated in value.

March 25, 2011  09:40 AM ET

Man! That's a lot of money down the drain.

March 25, 2011  12:40 PM ET

The worse is yet to come, Beltran is finished after this year so you will have him limping around this season, Santana's health scares me.. it could be 5 years before we see a quality product on the field.

March 25, 2011  12:43 PM ET

Yes, I remember well the SI front page story about how Omar's hiring would change the Mets and baseball. He certainly did. I wish SI would have an issue where they have to correct the stupid errors they made in their stories.

March 25, 2011  12:53 PM ET

is it possible to bring back Shea Stadium??? Team hasn't been the same since....

March 25, 2011  01:36 PM ET

has nothing to do with mgt. its the bad market. cuban (or some other new owner) should do as all the other astute businesses are doing, abandon the declining part of the country, and open up in a shiny, new clean home such as San Antonio.

March 25, 2011  01:52 PM ET
QUOTE(#17):

has nothing to do with mgt. its the bad market. cuban (or some other new owner) should do as all the other astute businesses are doing, abandon the declining part of the country, and open up in a shiny, new clean home such as San Antonio.

Up to your old tricks, I see.

March 25, 2011  02:09 PM ET

First off baseball is not a sport (grrr hate this time of year only trash sports on). Second nobody mentioned Madoff. Wonder if Mets ownership is citing losses so they don't have to pay back the ill gotten gains from Madoff.

March 25, 2011  02:10 PM ET
QUOTE(#19):

First off baseball is not a sport (grrr hate this time of year only trash sports on). Second nobody mentioned Madoff. Wonder if Mets ownership is citing losses so they don't have to pay back the ill gotten gains from Madoff.

Or I guess more likely the team has sucked because ownership is afraid to spend money and put a winning product on the field.

March 25, 2011  03:21 PM ET

I have been rooting for the Mets since I was a 2 year old in 1962.
I loved the Old Shea Stadium.
dedicated fan - watch most every game. I am sick of the excuses with these overpriced bums getting hurt - yet continue to get paid like superstars. The owners are cheap-**** and i am glad they owe a billion plus dollars - maybe this will force them to sell a majority of the team and we can get a Steinbrenner type - with lots of cash to spend and be like the **** and buy a few championships
The boys been looking decent in spring Training - at least our lesser paid players

Craig

zigcweav@hotmail.com

March 25, 2011  10:36 PM ET

This may be a sign of a bigger issue. As more and more Americans have their pay decrease, they will not be able to afford this American past-time. This will be true of all sports as it is already the case for movies.

March 26, 2011  10:41 AM ET

They built a new stadium to pay homage to the Brooklyn Dodgers. Hello! We have been cheering Lets Go Mets here in Flushing, NY for the LAST 50 years! This annoyed true Mets fans. The owners only think of themselves, not the Mets fans who grew up in Shea Stadium.

March 26, 2011  10:48 AM ET

it seems as if the mets have been playing very well this spring now lets bring this momentum towards the season where the games really count, and everybody from coaches to players shouldn't slow down towards the game every single player should play as if this game was their last game in their life, if this team starts to play lazy games and turn to the passive approach the may as well get ready to be on the last place as they have done the last three past seasons!

March 26, 2011  01:17 PM ET

The Mets have been mismanaged for quite a while. Now you have the Madoff situation and yet MLB supports ownership with loans. Ever heard of good money after bad? And why would anyone want to become a minority owner of this mess? Yeah, here, take my $200 million and spend it on over-priced bums who can't play. And for that, the new owner can get a cash call at the end of the year for their share of the huge losses. Bet they're standing in line for that opportunity. People will pay high prices for tickets, just not to watch the brand of baseball the Mets play. Its time for this ownership to sell, completely.

 
March 26, 2011  01:32 PM ET

The problem with the Mets is they have no players with appeal to the public. All Wright does is act as a shill for NY unions. Reyes is quirky. Santana can connect with the fans. Murphy is bland. Bay is a transplant. Pagan is always mad at someone. And Beltran needs glasses. Now if some of those Mets could start to date starlets and celebrities then we'd have something----like Wright dating Lady Gaga!

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