Soto to the Mets

[Mike Sixel]

If you want to spend money, you can. It's a choice. 

[FlyingFinn]

For $765 million, nothing deferred!

[Parfigliano]

As a NYM fan yippee.  Also as a NYM fan I wonder how this will end up being a bad thing.

[tony&rodney]

1 hour ago, Mike Sixel said:

If you want to spend money, you can. It's a choice. 

So, Correa ($37M) + Buxton ($15M), but for 15 years. Yikes.

[Jocko87]

Dammit!  I guess we can get on with the rest of the off-season now.

[LewFordLives]

8 hours ago, Jocko87 said:

Dammit!  I guess we can get on with the rest of the off-season now.

I heard a rumor that the Twins were willing to do $765 million, but they wanted to defer the payments out through 2124.

[LewFordLives]

I don't really get it. No player is worth that much for that long. Although I guess if you're Steve Cohen and can afford to light money on fire, price doesn't matter.

[NYCTK]

17 minutes ago, LewFordLives said:

I don't really get it. No player is worth that much for that long. Although I guess if you're Steve Cohen and can afford to light money on fire, price doesn't matter.

Stevie loves the Mets and wants to see them win the World Series, financial statements be damned. 

[Vanimal46]

That contract is going to age so, so poorly for the Mets. 

[NYCTK]

1 hour ago, Vanimal46 said:

That contract is going to age so, so poorly for the Mets. 

The billionaire dgaf. 

It's all worth it if they win one world series, having made Yankees fans already cry these last twelve hours. 

[DJL44]

This contract by itself raises the amount of the qualifying offer in future season by over $300k.

[umterp23]

Monopoly money being thrown around year after year by select few who are "buying" championship opportunities.  I'll continue to root for teams with modest payrolls all day long.

 

[Mike Sixel]

1 hour ago, umterp23 said:

Monopoly money being thrown around year after year by select few who are "buying" championship opportunities.  I'll continue to root for teams with modest payrolls all day long.

 

You'd rather Root for billionaire owners to pocket more money? 

[Parfigliano]

3 hours ago, Vanimal46 said:

That contract is going to age so, so poorly for the Mets. 

On the other hand to make a billion a year you only need to make $ 2,739,726 a day.  Cohen is a multi-billionaire and those billions never stop growing.

To make $ 50 million a year (Soto) you only need to make $136,986 a day.  To Cohen $136,986 is literally like pennies to you and me.  

Cohen won't feel a thing.

[Mike Sixel]

4 hours ago, Vanimal46 said:

That contract is going to age so, so poorly for the Mets. 

It's the AROD first deal all over again......so rare for an elite player to be a FA so young. Sure, it likely won't be great at the end, but it is going to be great for 5-7-10 years. The present value of that money is nothing to a sports team (and, as pointed out above, nothing to Cohen, even now). 

[umterp23]

1 hour ago, Mike Sixel said:

You'd rather Root for billionaire owners to pocket more money? 

Something really satisfying to me when a teams make the playoffs and make a run with payrolls lower than then the big markets.  Billionaires can do what they want, can't control that, but players playing on the field for teams that shouldn't be there makes me root for them even more.  

[NYCTK]

1 hour ago, Mike Sixel said:

It's the AROD first deal all over again......so rare for an elite player to be a FA so young. Sure, it likely won't be great at the end, but it is going to be great for 5-7-10 years. The present value of that money is nothing to a sports team (and, as pointed out above, nothing to Cohen, even now). 

Cohen sees the Yankees valuation 5 billion higher than the Mets and rightfully (imo) believes there's no reason that gap can't be closed. Spending 750 million to close a 5 billion valuation gap is good business. 

The Mets are not second fiddle to the Yankees in NYC. In the suburbs, nationwide, in hat sales to people that don't know what the NY even stands for, sure, but the Mets can bridge that gap too. 

 

[NYCTK]

1 hour ago, umterp23 said:

Something really satisfying to me when a teams make the playoffs and make a run with payrolls lower than then the big markets.  Billionaires can do what they want, can't control that, but players playing on the field for teams that shouldn't be there makes me root for them even more.  

Happy to cheer for an underdog story. But you'll have to excuse me for not buying into billionaires excuses of not spending money because they can't afford it. 

Lose 100 million like Steve if you want to go for it. What the hell does it matter? 

[tony&rodney]

Something tells me that Cohen is not going to lose any money on the Soto deal.

[NYCTK]

12 hours ago, tony&rodney said:

Something tells me that Cohen is not going to lose any money on the Soto deal.

Honestly. This is even further positioning the Mets as THE team in NYC. I'd argue that this was the case last season as well, but this is just driving it home. 

Cohen sees that $7.5B valuation of the Yankees and knows there's no reason his measly $2.4B Mets can't match them. This contract does a lot in helping bridge that divide. Gotta win the World Series to truly make it happen. We'll see. 

[Parfigliano]

21 hours ago, NYCTK said:

Cohen sees the Yankees valuation 5 billion higher than the Mets and rightfully (imo) believes there's no reason that gap can't be closed. Spending 750 million to close a 5 billion valuation gap is good business. 

The Mets are not second fiddle to the Yankees in NYC. In the suburbs, nationwide, in hat sales to people that don't know what the NY even stands for, sure, but the Mets can bridge that gap too. 

 

Mets definitely not second fiddle to Yankees in my little piece of NM.

[TheLeviathan]

I don't want owners to pocket money.  I'm also all done watching all fan prices inflate to subsidize this awful financial infrastructure.