Mar 14, 2022 - Sports
Baseball's "Cohen Tax" era begins
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On the heels of the lockout, and with free agency back in full swing, here's a look at the net worth of MLB's 30 owners.
By the numbers: The Blue Jays, Mets and Braves are the only teams whose owners' net worth exceeds $6 billion, per USA Today.
- Yes, but: The Blue Jays and Braves are owned by media corporations, while the Mets are owned by Steve Cohen — the 48th-richest person in America.
Between the lines: The CBA features a new $290 million luxury-tax tier, which has been dubbed the "Cohen Tax." Cohen says the Mets will "probably" exceed the threshold and pay the higher taxes regardless.
"I know there's a name for it. They call it the 'Cohen Tax' or whatever. ... It's better than a bridge being named after you."— Cohen
