Mets fans can breathe a sigh of relief, because the new competitive balance tax seems like the best-case scenario for the Amazin’s billionaire owner.
According to multiple reports, the new CBT, or luxury tax, thresholds are as follows: $230 million in 2022, $233 million in 2023, $237 million in 2024, $241 million in 2025, and $244 million in 2026. The initial $230 million threshold for this season is up from $210 million in 2021.
MLB and the players union also agreed to a new, fourth CBT tax level — known as the Steve Cohen Tax among industry officials — which will be at $60 million above the base threshold, according to a source, to address runaway spending. Everything else in the CBT will be status quo from the previous collective bargaining agreement.
