Mets will soon try to refinance $250M bank debt

baseball-moneyThe Mets are beginning the process of trying to refinance roughly $250 million in bank debt, reports Josh Kosman of the New York Post.

Regardless, it won’t affect the budget for player salaries in 2014, Kosman’s sources said.

“The Amazin’s are in a better bargaining position with their lenders now than they were just two years ago,” and, “the value of all MLB teams has risen,” according to Kosman, who feels it is likely the team will be successful in it’s effort to refinance, which could then help increase payroll for 2015.


Read More: New York Post (Kosman), Capital New York