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Mets Set Luxury-Tax Payroll Record at $299.8M; MLB Payrolls Eclipsed $4.5B in 2022

The New York Mets have been known for their big spending in recent years under owner Steve Cohen, and the franchise made history this past season.

Per Ronald Blum of the Associated Press, the Mets set a luxury-tax payroll record at $299.8 million, surpassing the $297.9 million payroll of the 2015 Los Angeles Dodgers. New York, which hasn't paid the tax since the penalty was implemented in 2003, is one of six teams that was above that threshold this past season.

The Los Angeles Dodgers, New York Yankees, San Diego Padres, Boston Red Sox and National League-champion Philadelphia Phillies are the other teams that exceeded the $230 million tax threshold.