I don't post much but I have the answer to this. This came up here once before a couple of years ago. I posted this back then as well. I saw it on "Ultimate Mets Database".
From www.villagevoice.com:
"Amid all the hoopla recently generated by the possibility of a Subway Series, nobody's noticed that the Mets appear to have conceded a small aspect of the battle for New York. The team's interlocking 'NY' insignia, which appears on the club's caps and had also appeared on the left side of the Amazins' skyline logo design since the franchise's 1962 inception, was quietly removed from the logo at the beginning of this season.
"Are the Mets, who've always drawn a hefty percentage of their fans from Long Island, trying to downplay their urban identity? Not according to Mark Bingham, the team's senior vice president of marketing, who says, 'Of course we're proud to be from New York.' So why alter the logo? 'The 'NY' on the logo never matched the one on the caps,' Bingham explains. 'The one on the logo was more primitive-looking, sort of a stick-figure "NY." At the end of last year we wanted to dress it up and have it match the "NY" on the caps, but then we said to ourselves, "Why do we need it on the logo anyway?"'
"Interestingly, many media outlets either unmindful of or indifferent to the subtle change have continued to use the old 'NY'-inclusive logo design. Does this bug Bingham and his staff? 'Nah. The truth is, the old logo is probably still featured on a lot of the signs here at the stadium,' he says. 'We try not to go crazy about it.'" ("Jockbeat: Uni Watch: Mets Concede," Paul Lukas, Village Voice, October 13 - 19, 1999)




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