Sorry I'm late to this conversation as it took me a long time to figure out how to log in again but I have been wanting to say this for a while.
Steve Cohen was never going to spend $315m on Correa after the Giants deal fell through. Initially, I was on board with the thinking that he over committed over cocktails but the more I think about it from the business side Cohen is either an amazing negotiator or an amazing *******, but probably both.
There is nothing a $20b hedge fund manager likes more than a distressed asset, especially if they see value add opportunities. Its real estate investing 101 and it applies here as well. If you are a hedge fund manager that has already paid almost $2 billion in fines for insider trading its also not a stretch to work to further distress that asset to improve the price. He and Boras could have agreed on any number and it would not have mattered, I'm convinced he was going this route from the beginning. Now that we can see the terms and poison pills the Mets were laying out Cohen was obviously not planning on paying more luxury tax and was more than happy to get the player on ridiculously favorable terms if Correa felt he was stuck. Frankly, good on Boras for getting him out of that situation. Another agent might not have been able to save it for his client.
I have no issue being the third choice on this deal, the Twins nailed the market value of the player from the jump and they should be credited for that. At one point I was concerned that Correa would sign with the Mets for roughly what the Twins had offered which would have left a very sour taste in my mouth. We would have all justifiably felt like it was all lip service. It would also be the most Minnesota way to lose a player. However, when I think about it in these terms I'm completely comfortable with the way it played out. The Giants situation seems fairly straightforward and for 65m I couldn't be mad at him leaving. The Mets and Cohen shouldn't affect our thinking as it was not a normal baseball transaction. Normal in the hedge fund business maybe but we haven't seen a lot of negotiations like this in sports. Boras is obviously pissed but can't say a whole lot publicly.
It will also be fascinating watching Boras and Cohen in the coming years. Remember a similar situation with Kumar Rocker? Boras client as well. Cohen may be winning in the short term but when agents realize what they are dealing with Mets offers won't even help to drive up negotiations. I've thought from the beginning of the Correa era in Minnesota that this pattern could repeat and be a solid road map for small market teams. Go after superstar talent in a one year prove it situation and try to sign long term if you like them. Win win on both sides and with a guy like Boras driving the change it has a chance to happen again even without a lockout factor.