“I’m Willing to Live With It”- New York Mets Owner Steve Cohen Has No Problem Spending Over $290 Million CBT Threshold

The New York Mets are among a few of those teams, who have been struggling to make their identity in Major League Baseball for over the years. But seems like their fate is about to change in the coming times.

Ever since billionaire businessman, Steve Cohen has taken ownership of the MLB side of New York Mets, the Mets have been doing great business in the free agency. Even before the lockout, Steve Cohen-owned team spent a lot of money and recruited a few players as well as the coaching staff.

Looking at the current rate of signing the players, the New York Mets have been unstoppable in this free agency. And Steve Cohen won’t be bothered even if the Mets cross the $290 million CBT threshold.

New York Mets’ owner Steve Cohen is willing to spend over $290 million CBT threshold

Notably, Competitive Balance Tax (CBT) was one of the key issues in the CBA negotiations between the MLB owners and players. However, after lots of meetings and negotiations, the two parties agreed for a $20 million hike in this year’s CBT threshold, taking it to $230 million from $210 million.

And almost every owner was not in the favor of such a hike in the CBT. But for the sake of the regular season, they had to agree with the players. However, that was not the case for the Mets’ owner. Because, ever since buying the Mets, he has already spent a lot of money before the lockout.

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Even now, they are still looking to strengthen their roster for the upcoming season. And with all the signings and the salaries of current and new players, the Mets will probably cross the $290 million mark. By which, at least Cohen is not nervous at all.

Earlier on Sunday, when a reporter asked Cohen if he will cross the $290 million CBT value in this season, he politely agreed that money won’t be an issue for him.

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“I am looking forward to a great season. We are gonna be really competitive and we’ll see what happens,” Steve Cohen said. “I mean spending $290 million dollars a lot of money to spend overall. I’m okay with it and I’m willing to live with it and we’ll leave at that.”