CHICAGO (AP) -- New York Mets general manager Sandy Alderson says he expects the team's payroll to be cut next season, just not as drastically as some media reports have projected.
Alderson said Wednesday that he read owner Jeff Wilpon's comments to a magazine about the team's financial issues.
Sports Illustrated posted an article Tuesday in which Wilpon told the magazine the team is "bleeding cash" and could lose up to $70 million this year. He also told the magazine the club might slash payroll next year, and there could be an agreement within three weeks to sell a minority share of the team.
Alderson says he has not spoken with Wilpon since the article came out, but something in the $120 million range for his 2012 budget sounded reasonable.