Today, I wrote up the Mets ranking on FanGraphs – and they came in 21st. Of course, the financial situation is tough to parse, what with prosecutors trying to clawback $1B from the owners, and the team losing money in a new ballpark. Obviously they have massive upside in financial terms, since they are such a large market, have a regional TV network, and a new ballpark. But – as I point out further on AmazinAvenue – Forbes magazine claims that they have a 60% debt-to-value ratio (third-worst in baseball), lost value last year (one of two teams to do so) and lost money in the budget (one of three to do so). So they have a roster with a lot of old, flawed pieces, a poor farm system with some okay pieces, and money with asterisks.
21 seems about right.