Mets must pay 101 million dollars luxury tax after 4th place finish

The NY Mets are punished with a record luxury tax of almost 101 million dollars after a 4th-place end in their division, among an unprecedented 8 franchises that owe the penalty for the 2023 campaign.

Owner Steve Cohen’s team ended with a tax payroll of almost 375 million, according to figures finalized by MLB. That is a record, as the previous record was held by the 2015 LA Dodgers, who paid over 291 million dollars.

The Mets owe $101,000,000 in luxury tax penalties, and that money will be disbursed to small-market teams

Also, those small-market teams who cry poor will essentially start the season profitable due to TV money

The Pirates/Orioles/Rays/Guardians/A’s are running out of excuses pic.twitter.com/Zq7LLHf3tL

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— Fuzzy (@fuzzyfromyt) December 23, 2023

The MLB organization from the Big Apple tax bill came to 101 million after they finished 4^th in the NL East at 75-87 in the most expensive flop in the league’s history. That is 2 times higher than the almost 44 million dollars by the Dodgers 8 years ago.

New York saved about 18 million dollars for this campaign with their summer selloff that saw them trade Scherzer, Verlander, Robertson, and Canha.