Quote:
Originally Posted by Déjà Bru
Wow, Cohen is certainly pulling out all the stops.
The signings pushed the Mets to uncharted waters for baseball payrolls, where the top have always hovered around the $300 million range.
Currently, the Mets' competitive-balance-tax payroll -- calculated by adding the average annual value of all their deals -- is estimated to be around $345 million. If that holds, the Mets would be levied a never-before-seen luxury-tax penalty: $6 million for money spent from $233 million to $253 million; $8.4 million for $253 million to $273 million; $15 million for $273 million to $293 million; and $46.8 million for above $293 million -- a 90% tax rate. All told, the Mets are facing a $76.2 million CBT bill and a total payroll in excess of $421 million.
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That oughta buy 89 wins and a wild card, don'tyathink?