Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Mets to pay record-shattering $100 million luxury tax for sky-high payroll: report

The New York Mets will reportedly have to pay a luxury tax of over $100 million for their record-breaking payroll during the 2023 season.

It's time for the New York Mets to pay up. 

Going for it all, the Mets splurged for an all-time record payroll of over $343 million last season after 101 wins the year prior.

But they won just 75 games and missed the postseason.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Their losing prompted the Mets to unload Max Scherzer, Justin Verlander, Mark Canha, Eduardo Escobar, Mark Canha and others at the trade deadline for prospects.

The Mets still wound up with a luxury tax penalty close to $101 million, according to The Associated Press.

It is, by far, the steepest tax penalty a team has ever paid, more than doubling the 2015 Los Angeles Dodgers' $43.6 million.

Seven other teams are paying extra for surpassing certain thresholds.

PRIZED JAPANESE PITCHER YOSHINOBU YAMAMOTO INKS MASSIVE DEAL WITH DODGERS: REPORTS

The Mets' penalty is high because of their sky-high payroll. In MLB's most recent collective bargaining discussions, another threshold, dubbed the "Steve Cohen tax," was put in place for teams spending over $293 million. 

It was put in place so the Mets owner, easily the wealthiest owner in baseball, wouldn't have that much of an unfair advantage. Only the Yankees and Mets surpassed that threshold. The Mets also paid a luxury after the 2022 season, increasing the amount it had to pay this year.

Eight teams were charged a luxury tax for the 2023 season. That was the most ever in the league, surpassing the six teams charged the tax from 2016 and 2022.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.