Report: Mets Lost $10 Million in 2013
Why will the Mets Opening Day payroll be around $80 million? Because the team reportedly lost millions of more dollars last season.
Buried in a New York Post article on Saturday about the Mets refinancing their loan was the fact that the Mets lost “more than $10 million in 2013.” Now, that is apparently just team operations. The Mets likely made many, many millions of dollars from its share of SNY. So the Wilpons are not sleeping in a cardboard box.
The article goes on to state that the team could turn a profit this season because every team’s share of the national TV contract goes up a whopping $25 million this year. Many teams used that money to increase their payrolls. The Mets did not.
It will be interesting to see what happens next year if the Mets do manage to turn a profit this season. Will they put the money back into the team or will they continue to operate like a small market club? With a $250 million loan still to be paid off, I think we all know the answer to that question.