Bank of America Has Been Calling the Mets' Shots

An article about the Mets' refinancing their $250 million loan should cause concern among baseball fans about the team's payroll.

Word came down last week that the New York Mets were on the verge of a breakthrough in their financial woes, with the refinancing of a $250 million loan from Bank of America. The New York Post's Josh Kosman reported that the loan, which demanded an enormous principal payment this spring, will be restructured by March and will not require a cash paydown from owners Fred Wilpon and Saul Katz. The loan will not come due for seven more years.

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