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With Carlos Correa Deal, Steven Cohen Continues to Spend on Mets


All of us dream about it, don’t we? That fanciful notion of being so outrageously wealthy that we should purchase whatever we wish? It’s a fleeting thought, an unattainable fantasy for nearly everyone. Not for Steven A. Cohen.

Cohen’s net value, based on Forbes, is $17.5 billion. He will not be exactly relatable. But sooner or later in his life, Cohen decided he desired to own his favorite baseball team and buy all one of the best players. In the event you’ve ever been a fan — for those who’ve felt that fierce pride or anguish for something out of your control — you understand the impulse.

The Mets won the World Series when Cohen was 13 years old, in 1969, and again when he was 30, in 1986. Now he’s 66, with a fortune inbuilt hedge funds that allowed him to buy the Mets in 2020 for nearly $2.5 billion. He has not yet bought a World Series ring, but he sure keeps trying.

The newest star to learn is Carlos Correa, who agreed to a 12-year, $315 million take care of the Mets early Wednesday morning. The San Francisco Giants, who had a 13-year, $350 million agreement with Correa, hesitated after a medical review. That gave Cohen a gap to re-engage Correa’s agent, Scott Boras, and finish off their prior contract talks.

The Correa agreement gives the Mets a 40-man payroll of $384.3 million, as projected by Cot’s Baseball Contracts. Add a projected tax of $111.5 million, and Cohen will spend almost $500 million for the 2023 payroll.

Is it gluttonous? After all it’s. But as Ferris Bueller said about his buddy’s father’s Ferrari, “It’s so selection. If you’ve the means, I highly recommend picking one up.” Cohen has the means. What’s one other luxury item in a glitzy showroom?

Consider the Mets’ week to this point. On Monday at Citi Field, they introduced Kodai Senga, one of the best free-agent pitcher on the international market. On Tuesday, they welcomed Justin Verlander, one in every of two energetic pitchers with 200 wins and three,000 strikeouts. The opposite, Max Scherzer, signed with Cohen last December.

Verlander will make $86.66 million for the subsequent two seasons, similar to Scherzer. No player has ever had a better salary. It is tough to upgrade over Jacob deGrom, who left the Mets for Texas in free agency — but with Verlander, the Mets did it.

Verlander was the Game 1 playoff starter for the Houston Astros, who won the World Series last month. The Mets have also signed José Quintana, the Game 1 playoff starter for the St. Louis Cardinals, who won the National League Central Division. They signed a setup man, David Robertson, from the N.L. champion Philadelphia Phillies.

In addition they retained their All-Star closer, Edwin Díaz, for five years and $102 million, a record for a reliever, and kept center fielder Brandon Nimmo for eight years and $162 million. Nimmo plays between two free-agent additions from last winter, Mark Canha in left and Starling Marte in right. Each have thrived as Mets.

In Correa, 28, the Mets add a smooth infielder with charisma and a big-game pedigree who hits for average and power. After seven stellar years with Houston and one other with Minnesota, Correa was waiting for an owner like Cohen.

“When I’m going to the mall and I’m going to the Dior store and I need something, I get it,” Correa told Fox 9 in Minneapolis in late September. “I ask how much it costs and I purchase it. So for those who actually need something, you simply go get it. I’m the product here, and in the event that they want my product, they’ve just got to return get it.”

In Latest York, the product will change its factory setting. Correa has never played a defensive position besides shortstop, but he’ll switch to 3rd to accommodate Francisco Lindor, the Mets’ incumbent at short. The 2 were teammates for Puerto Rico within the World Baseball Classic in 2017 and can share the left side of the Mets’ infield into the 2030s. Lindor, 29, has nine years remaining on his 10-year, $341 million contract.

The Giants, who called off an introductory news conference with Correa already on the town, have now tried and did not sign each Correa and Aaron Judge, who returned to the Yankees for nine years and $360 million and was named captain on Wednesday. The Giants didn’t disclose the medical issue that scuttled their Correa deal.

“It is a delicate time and a fragile topic,” said the Giants’ chairman, Greg Johnson, when reached by phone on Wednesday morning. Johnson cited “a difference of opinion” with Correa and Boras and referred to a team statement that wished Correa well.

In snagging Correa from a rival and moving him to 3rd base, the Mets’ deal echoes the Yankees’ trade for Alex Rodriguez in 2004. The Rangers had tried to ship Rodriguez to the Boston Red Sox that off-season, but when the union rejected the deal (due to Rodriguez’s planned contract deferrals), the Yankees moved in for the kill.

It played out pretty much: While Rodriguez and Derek Jeter had a somewhat uneasy friendship, they helped one another win. Jeter stayed at short, Rodriguez moved to 3rd, and in a decade together, they reached the playoffs eight times and earned a championship in 2009.

Every 12 months Jeter and Rodriguez were teammates, the Yankees had the majors’ highest payroll. The Mets, quite clearly, are prepared to do the identical for the era of Lindor and Correa.

It’s Cohen’s joyride, in spite of everything, and he has the means.

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