Steve Cohen’s Mets are officially in deep, financially speaking. With a payroll now sitting at $322.5 million, they trail only the Los Angeles Dodgers for the most expensive roster in Major League Baseball. After re-signing Pete Alonso to a two-year, $54 million contract—complete with a $27 million annual salary and a $10 million signing bonus—the Mets are well over the final luxury tax threshold of $297 million.
Cohen Isn’t Worried About the Bill
The Mets are now taxed at an eye-watering 110% rate on every dollar spent over that threshold. Most teams would hesitate at this level of financial commitment, but Cohen has never played by conventional ownership rules.