Illustration: Aïda Amer/Axios

Steve Cohen, a hedge fund billionaire from Long Island, has reached an agreement to buy the Mets.

Details: Cohen will own 95% of the team, with the Wilpon and Katz families retaining the other 5%. The sale values the Mets at $2.42 billion, per Sportico, making it the most ever paid for an MLB franchise, topping the $2.15 billion paid for the Dodgers and surrounding real estate in 2012.

  • The deal still requires approval from 23 of the other 29 MLB owners, who will likely vote at their regularly-scheduled meeting in November.

Why it matters: Cohen has a net worth of $14.5 billion, which would make him the second-richest owner in American sports behind Steve Ballmer ($69 billion).

  • It would also make him wealthier than the next three richest MLB owners, combined: Ted Lerner, Nationals ($4.8 billion); Charles Johnson, Giants ($4.3 billion) and Marian Ilitch, Tigers ($4 billion), per Forbes.
  • Some owners "may be alarmed by Cohen's vast resources and his ability to single-handedly outspend them and raise player salaries in general," notes NYT's David Waldstein.
  • Yes, but: The increased valuation of the Mets through the sale will increase the value of other teams, too, so something tells me they'll be more than comfortable approving the sale.

The backdrop: Cohen previously reached an agreement to buy the Mets late last year, but it fell apart in January over who would control the team during a five-year interim period after the sale.📚

Go deeper: "Black Edge" documents the rise and fall of SAC Capital Advisors, Cohen's previous hedge fund which in 2013 pleaded guilty to criminal fraud charges.

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Sep 15, 2020 - Politics & Policy

Bipartisan Problem Solvers Caucus unveils $2 trillion coronavirus bill

Rep. Josh Gottheimer joined by other members of the Problem Solvers Caucus, unveils the March to Common Ground proposal, Sept. 15. Photo: Caroline Brehman/CQ-Roll Call, Inc via Getty Images

A bipartisan group of 50 House members known as the Problem Solvers Caucus unveiled a roughly $2 trillion coronavirus stimulus bill on Tuesday amid frustration with congressional and White House leaders for failing to deliver desperately needed aid to Americans.

Why it matters: The legislation, which is widely viewed as unpassable, is a last-ditch effort by centrist lawmakers to force party leaders back to the negotiating table before the November election.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 a.m. ET: 33,282,969 — Total deaths: 1,000,867 — Total recoveries: 23,066,203Map.
  2. U.S.: Total confirmed cases as of 12 a.m. ET: 7,148,009 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.

Bob Woodward: "I was not going to hide" my opinion on Trump

Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."

Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."