Clarion Content

What other conclusion can Mets fans draw? It was widely reported that their ownership, the Wilpon family, was among those most bilked by the nefarious financier Bernie Madoff. This man destroyed lives and institutions.

Apparently, the New York Metropolitans were part of the collateral damage. The Clarion Content is not referring to this year when injuries and a third-world clinic quality medical and training staff torpedoed the Mets season. Rather, we are talking about the obvious cash tightening that appears likely to follow the Mets far into the future.

The New York Times reports that despite an abysmally weak farm system, the Mets spent less money signing picks from the recent amateur draft than any other major league ball club. They spent less than the Pittsburgh Pirates, less than the Kansas City Royals. And as one might expect, they got what they paid for, they were one of only four teams that ended up with more than one top-10 pick unsigned. They had no first round pick and signed only seven of their first ten selections.

The future looks anything but green to Mets fans.

Labels: baseball, sports, Sports Economics