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Mets owners reach deal with trustee in Madoff case

NEW YORK — The New York Mets’ owners stabilized the club’s financial future in a deal with a trustee for Bernard Madoff’s fraud victims that requires them to pay millions less than they might have.

Mets CEO Fred Wilpon and team President Saul Katz, co-majority owners, emerged smiling from a Manhattan federal courthouse after a judge announced the agreement, which makes it likely they’ll pay much less than the agreed-upon $162 million, if any at all; guarantees they will owe nothing until the end of four years; and averts a high-profile civil trial.

From wire dispatches and staff reports