Mets Owner Steve Cohen: Lowering Payroll Below Initial Luxury-Tax Threshold “Isn’t a Goal of Mine”


New York, NY – as is ready for his early day’s game against New York Met’s Millvauki Brevers, team owner Steve Cohen addressed the team’s parole position. Despite the relatively quiet offshine, the mates still claim the highest payroll in the Major League baseball.

In 2022, Cohen, who took over as the owner, oversees three consecutive years over the luxury-tax limit. The luxury-tax of 2024 mates is about $ 340 million, which is more than $ 100 million beyond the initial range of $ 237 million. Luxury tax increases fees on teams that cross specific expenses posts. For mates, this means that this year a fee of about $ 90 million, with additional costs for recent acquisitions such as JD Martinez.

While some major revenue teams take a dip below the initial range to reset the punishment strategically, cohen does not see it as the primary target. He said, “I am fully happy to finance us in this way, where this is not my goal. If this happens, it would have been fantastic. The reality is that you expect some space in the middle.”


Cohen emphasizes the development of the player and the importance of building a strong farm system. He believes that permanent success is lies in developing talent rather than overseasing in the free agency. Met’s farm system at 15th place by athletic’s Keith law shows the promise for the future.

Cohen’s commitment to balance the financial responsibility with competitive performance, as Mets take to the field, is at the forefront. The team’s goal is a mixture that allows them to compete while maintaining fiscal efficiency. Cohen’s approach reflects a long-term vision for the organization, which emphasizes both financial stability and on-field success.

Note: The above image catches the inauguration day’s expectation at the Citizen Bank Park, where the Mets faced Milwauki Bruers.

: Source

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