• Loading stock data...
Saturday, December 20, 2025
Breakfast Ball is heading to San Francisco with hosts Joe Montana and Jerry Rice. Request to Attend

Mets Owner Apologizes To Fans After Trades, Pledges ‘Sustainable’ Future

  • Cohen writes extended apology letter to season-ticket holders
  • Team rebuild carries salary constraints due to dead money now on payroll
Brad Penner-USA TODAY Sports

Days after dismantling his New York Mets’ historically expensive roster, owner Steve Cohen is vowing to field a competitive team in 2024 and apologizing for the “disappointment” of this season.

Cohen wrote to season-ticket holders, seeking to reassure them that the deadline trades of star pitchers Max Scherzer and Justin Verlander, closer David Robertson, and outfielders Tommy Pham and Mark Canha for a series of prospects have positioned the Mets for future success.

“Things have not turned out how we planned,” Cohen wrote, “You are rightly disappointed, and so are we. This is not where we wanted to be in 2023. Our goal is to be a consistent contender. The only way to do this in a sustainable way is to build a pipeline of high-caliber talent in our farm system that will fuel our major league team for years to come.”

The Mets entered the season with a $344 million payroll, a league record by more than $50 million. Following the trades, the Mets now have more 2023 money committed to players not on the active roster than those who remain. The club is below .500 and far out of the postseason chase. 

In the letter, Cohen also sought to focus on the Citi Field experience: “Our fans having a great time at the ballpark is important to us, and that’ll never change, [and] it will only get better as the years go on. Wait until you see what’s in store for next season.”

The letter references “supplementation” from the free-agent market to build a “formidable” Mets team for 2024. But last week, Cohen said he couldn’t be “all-in” on free agents, as “I’m carrying a lot of dead money. Trading Justin and Max creates a lot of dead money.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 27, 2025; Philadelphia, Pennsylvania, USA; Minnesota Twins pitcher Kody Funderburk (55) and catch

Twins’ New Investments Value Club at $1.75 Billion

The Twins have also announced a succession plan.

MLB Succession Questions Rise With Manfred Confidant’s Departure

A key executive in the commissioner’s office will leave at year’s end.
Sep 18, 2025; New York City, New York, USA; New York Mets relief pitcher Edwin Diaz (39) pitches against the San Diego Padres during the ninth inning at Citi Field.

Dodgers Buying and Winning Now, but Still Owe $1B to 9 Players

The contract for reliever Edwin Díaz extends an aggressive, pay-later strategy.

Featured Today

How Pickleball Became One Massive Private-Equity Rollup

Pickleball roads lead back to billionaire Tom Dundon.
Dec 9, 2025; Toronto, Ontario, CAN; New York Knicks guard Jalen Brunson (11) dribbles against Toronto Raptors guard Jamal Shead (23) during the first half at the 2025-26 NBA Emirates Cup at Scotiabank Arena
December 13, 2025

The Lucrative NBA Cup Is Here to Stay

The in-season tournament, launched in 2023, is turning into a staple.
The Los Angeles Chargers host executives from UCLA Health on Wednesday, August 7, 2024 at The Bolt in El Segundo, CA.
December 7, 2025

The Multibillion-Dollar Business of Pro Athlete Recovery

What started as ice baths has evolved into a multibillion-dollar industry.
Big League Wiffle Ball
November 29, 2025

Celebrity-Backed Wiffle Ball Has Big-League Aspirations

Big League Wiffle Ball team owners include Kevin Costner and David Adelman.
Tilman Fertitta

Rockets Owners in Talks to Buy and Move WNBA’s Sun

The Rockets lost out on WNBA expansion but want the Sun.
Dec 16, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins center Sidney Crosby (87) congratulates defenseman Erik Karlsson (65) on his goal against the Edmonton Oilers during the second period at PPG Paints Arena.
December 18, 2025

Penguins Sale Would End a Disappointing 4-Year Run Under FSG

An ownership era with high hopes has been marked with underachievement.
Dec 18, 2025; Seattle, Washington, USA; Seattle Seahawks quarterback Sam Darnold (14) runs against the Los Angeles Rams in the first half at Lumen Field.
December 19, 2025

Seahawks Clinch Playoff Spot As $100M Sam Darnold Deal Pays Off

Seattle signed the free-agent quarterback last offseason.
Sponsored

Brian Hoyer: Patriots Lessons, NIL Chaos & His Post-NFL Career

The former Patriots QB talks to FOS about college football’s radical transformation.
Knicks
December 17, 2025

Knicks Won’t Hang NBA Cup Banner After All

The Lakers and Bucks both raised banners after winning the tournament.
Former Alabama head coach Nick Saban discusses the Texas Tech football game vs. BYU on College GameDay, Saturday, Nov. 8, 2025, at Jones AT&T Stadium.
December 16, 2025

Nick Saban Joins Nashville Predators Ownership Group

It’s Saban’s first sports ownership stake.
December 16, 2025

Pegula’s Sabres Hit Reset (Again) While His Bills Keep Winning

The long-suffering NHL team retools its hockey operations.
Jul 26, 2012; Glasgow, United Kingdom; Young fans wave Scottish flags during the group D men's preliminary match between Spain and Japan one day before the London 2012 Olympic Games at Hampden Park.
December 15, 2025

Scotland Warns Its Fans of ‘Eye-Watering’ World Cup Ticket Prices

Scotland’s warning to its fans dampens the country’s “World Cup fever.”