Cohen: Mets will likely go over $290M payroll in 2022

Posted: 13/03/2022 in MLB
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The New York Mets already have the largest payroll in baseball and team owner Steve Cohen thinks it’s going to only increase.

Cohen said the Mets “probably will” go over a $290-million payroll for the 2022 season.

New York’s current payroll sits around $286 million after reportedly signing reliever Adam Ottavino on Sunday, according to a projection from Joel Sherman of the New York Post.

A fourth luxury-tax threshold of $290 million was recently added in the new collective bargaining agreement. It has been dubbed the “Steve Cohen tax” due to the owner’s willingness to spend.

Any team that goes over the fourth tax threshold will be subject to an overage fee of 80%, with that number rising to 90% on a second consecutive year and 110% on a third.

The Mets have been one of the busiest spenders this offseason, committing $254.5 million to free agents Max ScherzerStarling MarteMark Canha, and Eduardo Escobar.

New York also traded for pitcher Chris Bassitt on Saturday. The hurler is projected to earn $8.8 million though arbitration this year.

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