Mets Lead MLB in Spending for Third Straight Year; Total MLB Payouts Surpass $5.1 Billion

For the third consecutive year, the New York Mets topped Major League Baseball in spending, amassing $1.36 billion in payroll and luxury tax over the past four years under owner Steve Cohen. This staggering sum surpasses what the Miami Marlins, Pittsburgh Pirates, and Tampa Bay Rays have collectively spent on players over the past 21 seasons. The Mets set a new regular payroll record of $333.3 million in 2024, breaking their previous record of $319.5 million set in 2023, when they became the first team to exceed the $300 million mark.
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In 2024, the Mets' total expenditure reached an all-time high of $430.4 million, including $97.1 million in luxury tax. This record-breaking figure follows their 2023 spending of $420 million, which included a $100.8 million tax. As a result, the Mets have significantly impacted the overall MLB payouts, which have now surpassed $5.1 billion. The Mets' substantial financial commitment demonstrates their determination to remain competitive and underscores the growing financial dynamics within Major League Baseball.