Competitive Balance Tax

Shocking twist: Mets steal Correa away from Giants

By Alvin Michael / Dec 23, 2022 7:51 am / MLB

Citi-Field-stadium-home-of-the-New-York-Mets-night-game

In a twist that would not feel out of place in a Hollywood movie script, Carlos Correa’s 13-year, $350 million move to the San Francisco Giants was torpedoed earlier this week. And within hours of the deal breaking down, New York Mets owner Steve Cohen swooped in and agreed on a new deal with the …

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Mets raid free agent market again

By Alvin Michael / Dec 11, 2022 11:23 pm / MLB

Panoramic view of Citi Field, home of the New York Mets Baseball Club, taken from the upper deck on the third base side during a night game.

The New York Mets continued their assault on the free agency market with another huge signing reported on Saturday. Kodai Senga signed a five-year, $75 million deal, pending completion of a medical exam. The Mets had already exceeded the “luxury tax” (Competitive Balance Tax) threshold for 2023 before signing Senga, and at 90 cents to …

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