New York Mets’ Gargantuan Moves Take 2% Off Billionaire Owner Steve Cohen’s Net Worth

The New York Mets have consistently spent money on players since Steve Cohen took over the ownership after the 2020 season. This has continued in 2022 as well, as the Mets bolster their squad in preparation for the 2023 MLB season. Additionally, the Mets may not be done signing players as there is still time to make moves.

Cohen seems okay with spending money to win games and build a successful baseball team, but a startling report has come out stating the amount of money Cohen has spent so far this year.

Steve Cohen has spent $400 million this offseason

According to a report by Anthony DiComo, Cohen has spent $400 million on contracts this offseason. And that counts as slightly more than 2% of his reported net worth. The $400 million includes both free agents and players that are re-signing with the team. In a Tweet, DiComo said, “Mets owner Steve Cohen has spent almost $400 million on new player contracts this offseason, or a little more than 2 percent of his reported net worth.” 

$400 million is a huge amount to spend on new contracts, but Cohen is happy to spend money if the team wins. And seeing as how it’s only around 2% of his reported market value, it probably might not be such a big deal for the billionaire owner.

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Additionally, reports have suggested that the Mets are not done adding to their team; that more signings could come soon. It will be interesting to see how the Mets perform in 2023 after all the signings that have been made.

When talking about their last season, the Mets finished 2nd in the NL East and qualified for the Wild Card Series where they lost to the San Diego Padres. Cohen will be hoping that the Mets have a better 2023 season and make it further in the playoffs.

New York Mets signings this offseason:

The Mets have spent their money on pitchers and outfielders this offseason. The team re-signed pitcher Edwin Diaz and outfielder Brandon Nimmo to big deals. And brought in free agent pitchers Jose Quintana, David Robertson, and Justin Verlander.

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It seems that the Mets are not done just yet, as reports suggest that they may add more pitchers to their roster. They are reportedly interested in signing the Japanese sensation Kodai Senga. What do you think of the Mets spending so much money? Will it be worth it in the long run? Leave your thoughts in the comments below.