Selig can't blame his Fred Wilpon dealings on the players union-Bill Madden
- Much of bad press on Mets is believed to be planted by Bud Selig.
- coming right out of the commissioner's office.
Despite Forbes' report listing the Mets' value as having dropped 13% to $747 million, most informed industry observers maintain they will still fetch a $1 billion sale price. However, right off the top of that, Wilpon and his co-owner (and co-defendant in the separate $1 billion Picard suit), Saul Katz, will be obliged to pay off the estimated $450 million in team debt. Furthermore, it's said the Mets have sold only 600,000 tickets for this season, and, so, for every game that Citi Field is half empty, that debt continues to swell. Hence the urgency from Selig's standpoint to stop the bleeding.
The bigger the Mets' debt, the bigger embarrassment to Selig - which is why the Mets' and Dodgers' financial insolvency is looming as an even bigger hit on his legacy than the steroids scandal - because the players union had no part in it."...
On revenue sharing:
"In the past, the union (along with large-market teams like the Yankees and Red Sox) have complained that too many of the small-market teams have been taking their revenue sharing money and spending it on other things. And that has been re-affirmed by the latest Forbes which reports that the
all of whom had the lowest payrolls in baseball last year, made respective profits of
- $37.2 million,
- $24.6 million,
- $12.1 million,
- $23.2 million and
- $10.3 million."...