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Horned Frog Athletics
Scott & Wes Frog Fan Forum
2022 MLB Thread*
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<blockquote data-quote="This Ain't Chopped Liver" data-source="post: 3237563" data-attributes="member: 74137"><p>[URL unfurl="true"]https://www.si.com/mlb/2022/12/21/carlos-correa-mets-giants-scott-boras-steve-cohen[/URL]</p><p>Cohen has signed nine free agents this winter at a cost of $806 million. According to <em><a href="https://docs.google.com/spreadsheets/d/1npn_xiAwVyCUkZf6t2ivPtqyM-uF3IEcXcrsDT_BTvc/edit?usp=drive_open&ouid=110071628600766325078" target="_blank">Baseball Prospectus</a></em>, the Mets’ payroll for 2023 is $384.3 million, which incurs a luxury tax hit of $111.6 million. Cohen will pay more in taxes next season than seven teams are paying in payroll.</p><p></p><p>The luxury tax system began in 1997 as an unofficial braking mechanism against runaway team spending. Teams could spend as much as they wanted, but the three-tiered tax was designed to affix a cost to outlier spending. The <a href="https://www.si.com/mlb/2022/03/11/baseball-is-back-just-in-time" target="_blank">CBA signed last March</a> added a fourth tier—for repeat offenders, a 90% tax on payrolls greater than $293 million—that immediately became <a href="https://www.si.com/mlb/2022/03/12/mets-leaders-grateful-despite-steve-cohen-tax" target="_blank">known as the “Cohen Tax” threshold</a> because he was viewed as the only owner to which it might apply. Cohen has obliterated that threshold without worry. Correa, for instance, will cost him $49.87 million in 2023 with the 90% tax.</p></blockquote><p></p>
[QUOTE="This Ain't Chopped Liver, post: 3237563, member: 74137"] [URL unfurl="true"]https://www.si.com/mlb/2022/12/21/carlos-correa-mets-giants-scott-boras-steve-cohen[/URL] Cohen has signed nine free agents this winter at a cost of $806 million. According to [I][URL='https://docs.google.com/spreadsheets/d/1npn_xiAwVyCUkZf6t2ivPtqyM-uF3IEcXcrsDT_BTvc/edit?usp=drive_open&ouid=110071628600766325078']Baseball Prospectus[/URL][/I], the Mets’ payroll for 2023 is $384.3 million, which incurs a luxury tax hit of $111.6 million. Cohen will pay more in taxes next season than seven teams are paying in payroll. The luxury tax system began in 1997 as an unofficial braking mechanism against runaway team spending. Teams could spend as much as they wanted, but the three-tiered tax was designed to affix a cost to outlier spending. The [URL='https://www.si.com/mlb/2022/03/11/baseball-is-back-just-in-time']CBA signed last March[/URL] added a fourth tier—for repeat offenders, a 90% tax on payrolls greater than $293 million—that immediately became [URL='https://www.si.com/mlb/2022/03/12/mets-leaders-grateful-despite-steve-cohen-tax']known as the “Cohen Tax” threshold[/URL] because he was viewed as the only owner to which it might apply. Cohen has obliterated that threshold without worry. Correa, for instance, will cost him $49.87 million in 2023 with the 90% tax. [/QUOTE]
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