The Mets’ owners, who were financially hobbled by Bernard L. Madoff’s immense fraud scheme, now have about $160 million in new money to spend.

The cash infusion, as refreshing to the co-owners Fred Wilpon and Saul Katz as a World Series-ending home run, comes thanks to their majority ownership of the SNY regional sports network. One benefit of owning a network like SNY is the ability to borrow money against it. SNY’s annual revenue is in the hundreds of millions of dollars because of monthly subscriber fees that keep increasing regardless of team performance.

The resulting stability and financial muscularity of SNY and similar networks make them low risks to banks. Late last month, SNY refinanced $450 million in existing bank loans at lower interest rates and borrowed at least $250 million more. With their 65 percent ownership of SNY, Wilpon and Katz should have walked away with about $162.5 million. The refinancing was first reported Friday by Bloomberg.

So what will the Mets, so restrained about spending on talent the last few years, do with this extra money?