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The Mets estimated value has risen from less than $600 million two years ago to more than $1 billion today, which has helped them refinance their entire $250 million loan (NY Post, Feb. 22).

The new five-year loan with Bank of America will allow the current ownership to keep control of the team (NY Post, Feb. 22).

It was recently reported that the team’s old loan limited them from greatly expanding payroll, but the new, re-worked loan will eliminate any restrictions (New York Post, Feb. 13). Last week in St. Lucie, Sandy Alderson denied having had any loan-enforced payroll restrictions since taking over as GM (Star-Ledger, Feb. 13).

Tags: matthewcerrone, MetsBlog , Matthew Cerrone
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