The Mets’ owners are on the verge of refinancing a $250 million loan due this Spring, reports Josh Kosman for the New York Post.
According to Kosman, the existing loan restricts the team from greatly expanding payroll. However, a source told Kosman, “There are no payroll limits written into the re-worked loan.”
Mets sources told Kosman they expect payroll will increase slowly in coming years, though it’s not likely to return to 2010’s $140 million any time soon.
Read More: New Loan Could End Mets Money Problems (New York Post)