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The Mets are way ahead in 1 impressive MLB category

Mr. Met greets fans before the first inning of Game One of the National League Wild Card Series between the San Diego Padres and the New York Mets at Citi Field on October 7, 2022 in the neighborhood Flushing in the borough of Queens in New York City.
(Photo by Sarah Stier/Getty Images)

MLB doesn’t have a hard cap, but the Competitive Balance Tax (CBT) is there to somewhat limit how much teams can spend.

Every year, there is a number of CBTs and clubs with payrolls in excess of it will have to pay taxes, which are divided into several levels.

For the 2023 season, the CBT is set at $233 million.

There is also a surcharge threshold for MLB organizations that exceed the base threshold by $20 million or more.

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There is a 12 percent penalty if payroll exceeds the base threshold by between $20 million and $40 million.

Between $40 million and $60 million, there is a 42.5 percent penalty for the first year and 45 percent for each consecutive year after that.

Last but not least, there is a 60 percent penalty if payroll crosses the threshold by $60 million or more.

Mets to top $300 million in payroll

The latter is known as the Steve Cohen tax.

Cohen, as you know, owns the New York Mets, and he probably doesn’t care about taxes or surcharges.

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Here’s a look at what the MLB rosters look like as of Wednesday:

“Current Projected Opening Day #MLB Tax Payroll 1. #mets$300 million 2. #Yankees$261 million 3. #Phillies$241 million 4. #bravos$225 million 5. #Angels$212 million 6. #Fathers$205 million 7. #BlueJays$200 million 8. #Rangers$199 million 9. #Astros$197 million 10. #Dodgers$189 million,” Spotrac tweeted.

After signing Justin Verlander and Jose Quintana this week, the Mets cleared the last tier of surcharge.

Cohen has shown that he wants the Mets to win the World Series and isn’t afraid to spend any amount.

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Even more impressive, we can say that they have not finished adding to the list in Queens.

They still have a couple of moves to make, and their payroll will easily top $300 million when it’s all said and done.

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