NEW YORK — The Mets led the major leagues in spending for the third straight season in 2024 and have totaled $1.36 billion in payroll and luxury tax over four years under owner Steve Cohen, exceeding what the Marlins, Pirates and Rays each have spent on players in the past 21 seasons.
The Mets established a $333.3 million regular payroll record, according to figures finalized by Major League Baseball this week and obtained by The Associated Press. That topped the previous mark of $319.5 million set by the Mets in 2023, when they became the first team to exceed $300 million.
New York totaled $430.4 million last year in payroll and luxury tax ($97.1 million) to set a cost record. The Mets paid $420 million the year before, including a $100.8 million tax.
Since Cohen bought the team from the Fred Wilpon and Saul Katz families in November 2020, the Mets have totaled $1.13 billion in payroll and $228.7 million in tax. And that was before he lavished a record 15-year, $765 million contract on outfielder Juan Soto that starts this season.
«One thing I've learned a long time ago, if you want something that's amazing, it's going to be uncomfortable,» Cohen said in December.
New York's spending on major league players from 2021 to 2024 was just above what the payrolls from 2004 to 2024 totaled for the Marlins ($1.34 billion), Pirates ($1.32 billion) and Rays ($1.32 billion).
By comparison, the Athletics have spent a low of $269 million over the past four seasons and the Pirates $271 million.
Total spending, based on regular payrolls, rose 1.8% to $5.158 billion from $5.065 billion last year and has increased 27.3% in three seasons under the current labor contract from $4.051 billion in 2021.
The Mets became the first team to lead
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