Mets owners owe at most $61M to Madoff victims' trustee (Yahoo Sports)

The New York Mets' primary owners and their affiliates owe at most about $61 million to the trustee for Bernard Madoff's fraud victims and have reached an agreement to defer some of what is due until 2020. Under a deal reached four years ago that avoided a trial in federal court, Fred Wilpon, Saul Katz and their affiliates agreed with trustee Irving Picard to pay a maximum $162 million. Picard said Tuesday that his legal team had succeeded in recoveries that have been distributed to victims that were sufficient to reduce the amount to $61,233,343.