Luxury tax proceeds should be required to be spent on salary of small market teams or have a salary floor
Well if this is true, then Correa is a moron (and I absolutely love the guy). You gave up $35 million dollars on a technicality? Unless the cost of whatever be needed to pay for reached anywhere near $35 million. I'm assuming not.
I'm trying to figure out if Granato didn't get it either or if he just thought he was joking back (but did it poorly).
Per Forbes they may ~$153 million in tickets sales resulting in $68.3 profits. They get ~$60 million from the national TV deal. Supposedly they get in the $90-120 ranges from their local TV deal. Max that takes it to ~$248 million before other sources of income are included. So Cohen is basically paying ~$175-200 million out of pocket per year after the tax penalty is included?
There is little distinction between Reality and Satire these days and the two are often confused now. We live in Bizzaro World (Old Superman Reference.) https://en.wikipedia.org/wiki/Bizarro_World
Signing Ohtani next off-season will solve their aging pitching issues. I can’t imagine in which universe that Ohtani will get less than 500M. Maybe 600M.
Mets revenues in 2019 were around $350MM. They were over $300MM in 2021 which was still heavily impacted by Covid. https://www.statista.com/statistics/196671/revenue-of-the-new-york-mets/ That said, player payroll is not the only expenditure of an MLB team either.
There are a few more other sources of income. Off the top of my head, stadium ad revenue, streaming revenue, merchandise sales. Also since they have an ownership stake in their network, they don’t technically have to include all of that as team revenue (even though it all goes into the same pool).
https://theathletic.com/4025703/2022/12/21/carlos-correa-mets-giants-timeline/?source=twitterhq On Tuesday afternoon, about two hours after the Giants postponed a press conference to introduce new shortstop Carlos Correa, Correa’s agent Scott Boras pulled out his phone and sent a message to Mets owner Steve Cohen. “Correa-mas may have come early!” Boras told The Athletic he texted Cohen. “You have a minute?” Boras was typing from San Francisco, where he had come to attend the event with his client. Cohen received the note in Hawaii, vacationing after authorizing an offseason spending spree of roughly $500 million. …By reaching out again, Boras wanted Cohen to know it was not too late. …Correa underwent his physical on Monday, according to people familiar with the situation. After reviewing the results, the Giants informed Boras on Monday night they were postponing the press conference. The team did not announce the postponement until late Tuesday morning on the West Coast. …As executives across the sport tittered about what the examination of Correa could have turned up, Boras informed the Giants he intended to negotiate with other teams if San Francisco did not execute the initial letter of agreement by the early afternoon. There were no further discussions between the two sides, according to people familiar with the situation. Boras did reconnect with Cohen. The owner looped in Eppler. The gears were turning toward another seismic contract for the Mets. But that was not the only track upon which Boras operated. He also contacted the Twins, according to people familiar with the situation. The presence of the Mets gave Boras leverage. If Minnesota wanted Correa, Boras conveyed, the team needed to improve its earlier offer – even though Correa appeared compromised with the Giants. The Twins would not have advanced the conversation without investigating the potential issues caused by Correa’s physical. The team did not intend to increase its bid beyond 10 years and $285 million. So Boras stuck with the man in Hawaii. Separated by a three-hour time difference and the Pacific Ocean, Boras and Cohen hammered out the details. Boras operated out of his San Francisco hotel room. Correa understood that he would need to shift to third base to become a Met. The position change did not dampen his enthusiasm, Boras explained. When a deal was agreed upon – somewhere around 3:15 a.m. in New York, 12:15 a.m. in San Francisco and 9:15 p.m. in Hawaii – Boras grabbed his client. Correa had been staying down the hall. Upon hearing the offer from the Mets, Boras said, Correa tackled his agent and tossed him across the bed. “C4,” Boras said, noting Correa’s uniform number, “is explosive.” “He was excited,” Boras added, “about being a Met.”
Sounds more like they got cold feet than there was a clear medical issue. I expect Boras/Correa thought the same since they accepted $35M less to go to Mets.
I think the Astros know about the looming injuries that Correa had hovering over his impending near term. I remember hearing that Correa’s back was so bad he’d have to lie down on the floor of the plane between trips, to get some relief. I’m a huge Correa fan, but that length of years on a 28 year old that looks hobbled is quite the parlay risk.
