METS HIT WITH RECORD $101M LUXURY TAX

Steve Cohen. USA TODAY Sports 

With the league's highest ever tax payroll, the New York Mets top the list of an unprecedented eight Major League Baseball teams that owe a luxury tax for the 2023 season, according to multiple reports.

Owner Steve Cohen's Mets owe a record luxury tax of almost $101 million, according to numbers finalized by MLB this week and obtained by the Associated Press. The Mets' $374.7 million tax payroll tops the previous high of $291.1 million by the Los Angeles Dodgers in 2015.

The money spent didn't help the Mets, who finished at 75-87 and in fourth place in the National League East.

It would have been even worse for the Mets if not for their selling bonanza over the summer, trading Max Scherzer, Justin Verlander, David Robertson and Mark Canha. Those moves reportedly saved the team $18 million and prevented them from jumping past the next tax threshold and owing an even higher luxury tax.

SHOHEI OHTANI AGREES TO RECORD $700 MILLION, 10 YEAR CONTRACT

AP Photo 

NEW YORK (AP) — Shohei Ohtani has set a financial record to go along with his singular on-field performance, getting $700 million to make a 30-mile move up Interstate 5 to the Los Angeles Dodgers.

His agent, Nez Balelo, issued a midafternoon news release Saturday announcing the 10-year contract, ending months of speculation that began even before Ohtani became a free agent on Nov. 2. In recent days, media and fans had tracked private plane movements and alleged sightings like detectives in attempts to discern the intentions of the two-time AL MVP with the Angels.

“This is a unique, historic contract for a unique, historic player," Balelo said. “He is excited to begin this partnership, and he structured his contract to reflect a true commitment from both sides to long-term success.”

Ohtani's total was 64% higher than baseball's previous record, a $426.5 million, 12-year deal for Angels outfielder Mike Trout that began in 2019.

His $70 million average salary is 62% above the previous high of $43,333,333, shared by pitchers Max Scherzer and Justin Verlander with deals they struck with the New York Mets. Ohtani's average salary nearly doubles the roughly $42.3 million he earned with the Angels. It also exceeds the entire payrolls of Baltimore and Oakland this year.