Mets to pay record-shattering $100 million luxury tax for sky-high payroll: report
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NEW YORK — The New York Mets must pay a record luxury tax of nearly $101 million after a fourth-place finish in their division, among an unprecedented eight teams that owe the penalty for the 2023 season.
Until today, Gerrit Cole's contract — a nine-year, $324 million deal — was the richest ever given to a pitcher in terms of total value. Has that deal been worth it for the New York Yankees? So far, absolutely. He's been outstanding in each of his four seasons for New York, and last season, he won his first-ever Cy Young Award. It's mind-boggling to call that much money an efficient expenditure for any team, even one in a big market, but so far for the Yankees, it has been.
Shohei Ohtani will receive just $20 million US of his $700 million contract with the Los Angeles Dodgers over the next 10 years, with $680 million payable from 2034-43 in an unusual structure that gives the team greater payroll flexibility in coming seasons.
The most unique player in baseball history has joined one of the most storied franchises in the world — for more money than anyone could have possibly imagined.
The news that Shohei Ohtani has chosen to stay in Southern California has left Toronto Blue Jays fans heartbroken.
EDITOR'S NOTE: This story was originally posted Dec. 6 and has been updated based on the Yankees acquiring Juan Soto in a trade with the Padres.
Right-hander Luis Severino and the New York Mets on Wednesday agreed to a one-year, $13 million contract, sources told ESPN, sending the longtime Yankee to a Mets team that plans to spend its winter upgrading a depleted rotation.