Summary of what he said via twitter
Adam Rubin ?@AdamRubinESPNFred said Sandy has payroll flexibility. Can see Omar-era payroll returning.
Anthony DiComo ?@AnthonyDiComoFred also says payroll has zero limitations going forward, and could go back to old heights
Adam Rubin ?@AdamRubinESPNFred said it's about return on investment. Under Omar, #Mets didn't get ROI. Fred added he's free and clear of past financial woes.
Adam Rubin ?@AdamRubinESPNFred Wilpon said they'll be big investors next winter in free agency if that's "appropriate."
53m Adam Rubin ?@AdamRubinESPNFred Wilpon said his family's finances are doing "great."
53m Adam Rubin ?@AdamRubinESPNFred Wilpon doesn't expect Terry Collins contract to be addressed until after the season.
Adam Rubin ?@AdamRubinESPNFred said he strives to break even. Said payroll will be at level to be competitive -- even if that's $140M or $150M
Mike Puma ?@NYPost_MetsFred Wilpon in camp, painting a rosy outlook. Says he is happy with Sandy Alderson as the day he hired him.
Mike Puma ?@NYPost_MetsFred: "This is to me a break even business. I strive to break even. I'm not looking to make money. But if people don't show up that's hard."
Andy Martino ?@MartinoNYDNWilpon's assesment of Mets finances was rosy. Said not just Madoff resolution, but overall economy improving, plus his real estate business
Mike Puma ?@NYPost_MetsFred on the payroll: "We fed it pretty good the last five or six years and I think if the market were such, yes, the payroll could go up."
"Fred: "This is to me a break even business. I strive to break even. I'm not looking to make money. But if people don't show up that's hard.""
And THIS is why no one believes what the wilpon say....you AREN'T looking to make money???? Yea sure fred....
"And THIS is why no one believes what the wilpon say....you AREN'T looking to make money???? Yea sure fred...."
I am sure he would be thrilled if the team made money, but if he was really looking to make money he would sell the team and invest it in real estate something he actually knows about.
Slashing payroll to save a struggling BB team is a dumb idea.
What the Wilpons did by slashig the payroll so violently was in effect a giant hedged.....
….they made it impossible to win or lose a lot so they could focus elsewhere.
As far as the ball club is concerned it’s never a good idea to just write off 3 years and take a brake for a while.
Yes but by being saddled with a few bad contract the amount you would have to spend over and above in order to be competitive and draw big crowds would be too much. And if one or two of the players you get turn out to be injuries or busts it would mean even higher losses. At that time the owners fighting the Picard lawsuits were not in a position to make that risk.
So spending money to make money doesn't always work. Instead they took time to straiten out their finances and let those bad contracts expire. Now if fans get excited about this younger team and turn out it could be time to change the philosophy of spending next year.
Now if fans get excited about this younger team and turn out it could be time to change the philosophy of spending next year.
The problem with that is they want the best of both worlds. They want to sell what they hope is an exciting young team that doesn't have a prayer of winning this year, yet but they are going to charge you ticket prices that are top 5 in baseball to do it.