MLB Rumors: Bud Selig and MLB Must Save the New York Mets as They Make More Cuts

As if the writing wasn't on the wall already, the news keeps getting worse for the New York Mets as they announced today that they would be cutting their rookie team to save some money.

Some will argue it's not a big deal, while I say it is. It's just the latest step in a long line of cost-cutting the Mets have done in preparation for 2012 and beyond.

First, it was their payroll which will go from about $142 million in 2011 to $100 million or below in 2012.

General Manager Sandy Alderson then admitted that New York lost roughly $70 million last season, despite drawing an average of 30,000 fans at Citi Field per game last season.

If that wasn't good enough, don't forget the loans the Mets have taken out from Major League Baseball and now Bank of America as well. Their loans are now totaling $65 million between the two lenders, as the Wilpons hope to sell $200 worth of minority shares to make what they need to sustain the franchise.

Even selling shares of the team seems like a long-shot in this instance with how bad this organization is run. Clearly, the Wilpons have lost total control of their team, and it's time for them to go.

So where is Bud Selig and Major League Baseball? I'm not sure what's much different in this situation as was the case in Los Angeles with Dodgers owner Frank McCourt destroying that team. Selig had no problem stepping right in and doing what he had to in the best interests of the Dodgers and more importantly, their fans.

This charade has been going on since we found out about the Wilpon's involvement with swindler Bernie Madoff. And all the MLB has done is bail out the Mets and continue to allow them to dismantle their team and organization to save their own rear-ends.

What's next? Playing all 162 games on the road to save on electric bills?

So, yes, cutting a rookie team doesn't look like much, but to me, it's just another cry for help for a team hemorrhaging cash. It's time Selig cut the crap and do what's best for the Mets.

And that's getting the Wilpons out, and a new, competent ownership in.