The Pirates were $120 million in debt last year, but president Frank Coonelly says the debt is manageable. Coonelly hinted that Pittsburgh was in much worse financial shape a few years ago. "Each of the last two years, we increased our debt," Coonelly said. "That's not increased by taking out a new loan, there is an MLB credit facility we're involved in and we also have a local facility involved. We're comfortable with our debt level as it is, as are our banks. We meet with the banks on a regular basis and the banks are comfortable with our debt level."