Owner Steve Cohen of the New York Mets expressed his desire to see the team focus on building economically through its farm system, aiming to reduce spending and stay below the luxury tax threshold introduced in 2022. Cohen, known for turning the Mets into one of baseball's biggest spenders, acknowledged the need for a more sustainable approach to team building.
Despite the Mets' recent high-profile signings, including a record-breaking contract with Juan Soto, Cohen estimated the team's payroll to be around $325 million, with potential to reach $345 million with additional moves. The Mets ranked second in payroll spending last year, behind the World Series champion Los Angeles Dodgers.
