Blog Entry

Mets headed for dubious payroll record in 2012

Posted on: January 28, 2012 11:59 am
Edited on: January 28, 2012 12:03 pm
By Matt Snyder

After losing upwards of $70 million last season, the Mets are set to drastically lower payroll in 2012. We knew that. But an report from Friday noted just how severe the drop will be. In fact, it's likely to be historic. With a payroll projected at $90.7 million for the coming season, it would represent a drop of $52.1 million -- reportedly the largest payroll drop in MLB history.

The previous "record" was held by the Texas Rangers' drop from 2003 to 2004, when they shed the likes of Alex Rodriguez, Rafael Palmeiro and Juan Gonzalez from the payroll. In all, the Rangers slashed $48.4 million in player salaries, but the Mets are poised to blow past that. These Mets have shed the contracts of Jose Reyes, Carlos Beltran and Francisco Rodriguez, among others, from the opening-day payroll of 2011.

As long as Fred Wilpon's ownership group is in charge, the Mets will continue to find ways to generate any kind of revenue they can while also trying to not alienate their fan base -- as they wish to remain owners of the club. They have lowered ticket prices for the 2012 season, but will that keep the turnstiles moving frequently enough to turn a profit for the season? The NL East appears loaded, as the Nationals are up and coming while the Marlins just went on a winter spending spree. We know how good the Braves and Phillies are. Slashing payroll in record fashion is hardly the best way to convince your fans the team is trying to field a winner in one of the best divisions in the majors. 

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Category: MLB

Since: Feb 8, 2008
Posted on: January 29, 2012 3:33 pm

Mets headed for dubious payroll record in 2012

"....while trying to not alienate their fan base". That ship has sailed. As a fan, I 'get it' that they were impacted more than originally advertised, and clearly have the right to try to battle back financially from the mayhem caused by that situation. However, I feel no obligation to paricipate by purchasing tickets while they put a mediocre product on the field. This is the same for every team. I remember Yankee stadium being a ghost town in the 80s, it can happen to ANY team. Simply put, winning = attendance, losing = empty ballpark. Does it become a treadmill? Sure. When the product is good and in demand, you raise prices. When its not in demand, you either lower prices or accept less people in the seats. 

Can they produce a winning team with a 90 million dollar payroll? Obviously, yes. However, most of the teams that do have success at that salary level have invested wisely in their farm and development processes. The Mets have not, or at least their investment has yielded poor results.

Since: Oct 2, 2006
Posted on: January 29, 2012 3:18 pm

Mets headed for dubious payroll record in 2012

This is going to be one hell of a season: 1962 with the humor of Casey Stengel.

Since: Sep 17, 2008
Posted on: January 29, 2012 3:17 pm

Mets headed for dubious payroll record in 2012

So Mets fans are surprised that one of Bernie Madoff's good friends, who was most likely complicit in those scams, is conning his fan base?  wake up and run this guy out of town.  

Since: Sep 2, 2008
Posted on: January 29, 2012 3:16 pm

Mets headed for dubious payroll record in 2012

You fans are so STUPID ask yourself . How is it is LESS than three years after building a new facility with your own revenue generating tv network that you are LOSING MONEY when all the Bad Contracts you had were LESS than FIVE YEARS ???
I'm no financier but somthings funny when you are SPENDING NEARLY THE SAME AMOUNT OF MONEY FOR YOUR LAWYERS as you do for your  PLAYERS !!!

And I DON'T remember ANYTIME when a LAWYER WON a baseball game !!!

Think about it the Mets aren't the only team with financial problems .

The Rangers were SOLD to DIFFERENT OWNERS IN MID SEASON . Yet they were in the World Series !!!
The Dodgers owners are in DIVORCE COURT yet they RESIGNED KEMP !!!
The Phillies have a SMALLER TV MARKET, FANBASE,  and OLDER STADIUM . And with Howard down for most of this season were able to sign LEGITIMATE TALENT !!!
Detroit in a DEPRESSED ECONOMIC AREA was able to sign Fielder !!!
Miami hasn't played a game in their stadium but somehow signed Reyes after the Mets feckless LOWBALL TACTICS FAILED !!!
I wont mention the Angels as they have a REAL OWNER !!!
But  name me ONE team NOT NAMED the Pirates, Royals, Orioles , or CLIPPERS that has a WORSE OWNER than the Mets .

I'm sure you will have to look at a African SOCCER TEAM to even be CLOSE .
Chances are they would be able to draw more fans into citi field than the Mets will this year

Since: Sep 19, 2011
Posted on: January 29, 2012 2:48 pm

Mets headed for dubious payroll record in 2012

The pirates are lobbying mlb to be put in the same division as the Mets,so that they might just might have a chance than of finally having a winning season.
That should be the Mets are lobbing to MLB to be put in the Same Divison as the Pirates, Pirates play in a weak National League Central and Houston is a worse team then the Mets. So the Mets would win more games in the Central then they will in the East, the Pirates has a good chance at a winning season next season.

Since: Jan 24, 2007
Posted on: January 29, 2012 2:35 pm

Mets headed for dubious payroll record in 2012

Davis, Duda and Turner??? Nothing more than back-ups on most major league teams. I'd rather watch some minor league ballgames. Excuse me the Mets are a minor league team!

Since: Oct 3, 2006
Posted on: January 29, 2012 2:32 pm

Mets headed for dubious payroll record in 2012

Real quick, what's the deal with you Mets fans and your "I've been a Met fan since 19-blah-blah-blah..."

Okay, we get it. You're fans, does when you became one really matter? Man, it's like eavesdropping on an AA meeting when I read these Mets threads.

Since: Jan 24, 2007
Posted on: January 29, 2012 2:24 pm

Mets headed for dubious payroll record in 2012

The Wilpon's will trade any player of value on the Met's roster  before the trade deadline and then they will unload the team. Trading any player of value will lower there overall costs and save them some money since there so broke.  Oh they only have david Wright who has any valye. The rest of the roster is a bunch of Triple A players and veterans who are nothing more than back-ups.  Can anyone say 100 losses.

Since: Oct 3, 2006
Posted on: January 29, 2012 2:18 pm

Mets headed for dubious payroll record in 2012

At least they cut ticket prices. I also think getting rid of Beltran and Reyes will be better for the Mets long term.

Since: Jun 17, 2009
Posted on: January 29, 2012 1:52 pm

Mets headed for dubious payroll record in 2012

"Madoff wont affect the Mets bottom line"

Jeff Wilpon

December 17, 2008 

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