JOURNAL ARTICLE

Steve Cohen Spends $1.6 Billion on Mets Payroll With Soto Bet.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Turner, Giles; Sapienza, Brandon 3 of 3

Abstract

Steve Cohen, owner of the New York Mets, made headlines by signing outfielder Juan Soto to a record-breaking $765 million contract over 15 years. This deal surpassed the offer made by the Yankees and solidified Cohen as one of the biggest spenders in sports, with a total of $1.6 billion spent on player salaries. Despite the high payroll, the Mets saw success in the 2024 season, reaching the National League Championship Series. Cohen's ambitious spending reflects his goal of winning a World Series within his first five years of ownership. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:181523027
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.