I have no problem with the Mets suggesting they can't operate at a $70 million dollar a season deficit. However I have a huge problem with the fact that the nature of that deficit is masked by SNY's ability to make profits on the usage of the Mets games at what may be a below market price deal. Until someone tells me how much the Mets are getting paid for their games and does a objective analysis of where that might lie vs the probable return in a competitive market I don't buy the 70 million. A good comp of the market value might be the Angels - who're getting $3 billion over 20 years. "The Angels have agreed to a new deal with Fox Sports worth at least $3 billion and expected to cover 20 years, two parties familiar with the deal said Thursday. The parties declined to be identified because the deal has yet to be officially announced." http://articles.latimes.com/2011/dec/08/sports/la-sp-angels-fox-tv-20111209 For revenue sharing purposes it behoves the Mets to 'lessen' the value of their deal with SNY too. "The trouble, MLB executives and club officials say, is trying to determine the actual value of the equity rights owned by teams. The Yankees say their TV rights are worth about $85 million to $90 million a year from YES, while the Red Sox insist their TV rights from NESN are worth less. The less money declared by the two giants, the less that goes into the revenue-sharing pool, which was about $400million last year, Selig said." http://www.usatoday.com/SPORTS/usaedition/2012-02-10-MLB-TV-cover-0210_CV_U.htm The only value I can get re the SNY contract is the below - meaning that to my mind anyway, the Mets are selling their TV rights at a minimum of $30-40 million discount in return for the equity that Wilpon & Katz get in SNY - therefore the real year to year loss is more like 30-40 million. Indeed the current cuts of $52 million in payroll would equate to them turning a profit, subject to all other revenues remaining the same. http://www.nytimes.com/2011/12/04/sports/baseball/bankrupt-dodgers-will-benefit-from-robust-tv-marketplace.html "So much has changed in the sports marketplace since 2001. The price of sports rights, nationally and locally, has soared. Teams like the Yankees, the Mets, the Cubs, the White Sox and the Giants own parts of the networks that televise their games. YES is paying the Yankees about $80 million a year. SNY sends the Mets $60 million to $70 million annually, about what NESN pays the Red Sox. In 2013, the Astros will start receiving an average $80 million a year from a new channel they and the N.B.A.�s Rockets will own with Comcast."