Lefty Specialist wrote: short answer: "it's a lie." longer answer: creative accounting, mostly. Counting loans against the stadium as deficit, while not counting name rights as revenue, that sort of thing. Only a direct 'tickets sold against payroll' type calculation. It's how you cry poor and beg players to take pay cuts. This. The Mets count the money they pay SNY against the team revenue. Even though it's going into the same pocket. It's also why they desperately want to hang on to SNY. Actually, I think SNY pays the Mets for the rights to broadcast the games. IIRC, the rights fees SNY pays is far below market value, so the Mets can claim a loss. Why do they do this? MLB revenue is shared, and SNY revenue is not.