'I came in saying I'm all-in. And I keep my word.' New York Mets owner Steve Cohen has spent big and he's willing to do more.
Even without landing his biggest target – Carlos Correa's $315 million deal never made it past the shortstop's physical – Cohen spent nearly $500 million on free agent contracts this offseason.
Along the way, Cohen has had to deal with criticism from other owners who point to the huge discrepancy between the high- and low-payroll teams as bad for the game. "I've heard what everyone else has heard: that they're not happy with me," Cohen told ESPN."I kind of look at that like, you're looking at the wrong person. They're putting it on me. Maybe they need to look more at themselves."
To hold the line on excessive spending, MLB's new collective bargaining agreement last spring included an extra layer of penalties for teams going over $293 million in total payroll – something many have dubbed the"Cohen Tax." The Mets spent that last year, even before the new tax went into effect, with a payroll just a shade under $300 million. And entering this season, they're projected to fork out even more –The bottom line is that Cohen is willing to spend money to make money. Similar to the hedge fund he runs, Cohen sees it as a relentless pursuit to find value.
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