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Mets will pay roughly $111M, more than 10 MLB teams' payrolls, in luxury tax penalties after offseason splurge

Dec 21, 2022

You can criticize New York Mets owner Steve Cohen's approach. You can bemoan his seemingly unlimited budget and post a thread on Twitter about how this is "bad for the game." But you can't deny one thing: Cohen desperately wants to win.

After signaling in March that he didn't care about the luxury tax, Cohen has backed up that assertion this offseason. With the reported signing of Carlos Correa on Wednesday, the Mets' offseason spending splurge jumped to an unfathomable $806.1 million.

As a result, the Mets are projected to pay roughly $111 million in luxury tax fees in 2023, per ESPN's Jeff Passan. That figure is higher than what 10 MLB teams will pay their entire 26-man rosters next season.

The Arizona Diamondbacks, Baltimore Orioles, Cincinnati Reds, Cleveland Guardians, Kansas City Royals, Miami Marlins, Oakland Athletics, Pittsburgh Pirates, Tampa Bay Rays and Washington Nationals are set to open the season with payrolls under $111 million, per Cot's Baseball Contracts. Granted, those figures might change over the next few weeks, but as it stands, the Mets will pay more in luxury tax fees than those teams will pay players.

Source: Yahoo Sports

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