Yanks, Mets want $450 million more

ESPN.com ^ | 12/9/08 | The Associated Press

[stevecmd]

Lets help those yankees

[scooter2]

Yankees my butt. I need a bailout!

[day10]

Kucinich has said he believes there is "waste and abuse of public dollars" in the deal.

Now that's rich coming from him.

[ConservativeMind]

Please post with the actual title.

It should read, “Yanks, Mets want $450 million more”.

[philsfan24]

mets will need all the help they can get to dethroned the phils.

[KarlInOhio]

I have never heard a convincing argument about why the cities and states pay for statiums instead of the teams and the fans' ticket prices. If the fans had to pay the full ride for the stadium, the teams probably wouldn't demand quite as fancy of stadium.

[the invisib1e hand]

Bailout To-Do List:
___ baseball
___ hot dogs
___ apple pie
_X_ chevrolet

[xkaydet65]

That title is a tad misleading. The Mets received far less $$$ to begin with and are asking for $85 million while the Yankees are looking for over $300 million. I don’t think either should receive another penny, but to equate the two teams is wrong. Also the Yankees and the City are being looked at for vastly inflating the value of the land the new Stadium is on as a way of providing collateral for their bond amounts. The land is valued 10 times what neighboring vacant land is valued only a block away.

[NTHockey]

Ah ain’t neva gonna help no Yankee till Sherman is ataken outta history books and General Lee’s birthday is a holiday.!

[Admin Moderator]

To prevent duplication, please do not change the title. Thanks.

[Straight Vermonter]

The “land” has a large building on it that has value.

[ml/nj]

Bailout To-Do List:
___ baseball
___ hot dogs
___ apple pie
___ chevrolet
_X_ NONE OF THE ABOVE

ML/NJ

[Dixie Yooper]

They should be able to come up with 450 million just by changing their rosters.

[mysterio]

No sports team should get any tax money.

[Boiling Pots]

Amazing how taxpayers subsidize the salaries of multi-millionaire ballplayers. Just another scam, in the long list of scams against taxpayers.

[nd2bfree]

Lets see maybe the bailout babies, Citi will finance the bonds and receive its cut, AIG will insure the bonds and receive its cut, the bonds are tax exempt because they are munis, and of course if things go in the tank the citizens of New York are on the hook. Come on Derek and Alex chip in pay that luxury tax!

[CT-Freeper]

If there are two families in NYC that don't need more government funding, it's the Steinbrenners and the Wilpons - and I say that as a Mets fan.

[CommerceComet]

Government finance isn't my area but aren't the Yankees and Mets going to pay the money back? While they will be getting a nice break, it is not like the teams are being given $450 million.

There are economic analyses which suggest that professional sports teams can economically benefit their communities. I would think that the Yankees would be right near the top of the list of professional sports franchises which have a positive economic halo.

[egannacht]

Guess they need the extra cash to sign the new free agents.

[Living Free in NH]

Why the heck would/should NYC pay one red cent for either team? The Yanks & Mets aren’t going to leave New York, so let them fund whatever they can afford.