The team settled arbitration with Mike Pelfrey, Ramon Ramirez, Andres Torres, and Manny Acosta. According to Andrew Marchand of ESPN New York, the Mets payroll for 2012 is expected to be around $91 million.
Meanwhile, the Mets had a small victory in court today.
The judge ruling in the Mets/Madoff mess decided the team can only lose $386 million at trial. That could change, however, as Irving Picard still has an opportunity to appeal the ruling. The trial is scheduled to begin March 19.