• Loading stock data...
Saturday, July 27, 2024
Join us this September for Tuned In 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

Is Red Bull’s Dynasty in Danger?

Max Verstappen and Red Bull are no longer in complete control.

Olympics: Peacock Aims to Redeem Past Coverage Flaws With Ambitious Slate

The NBCUniversal streaming service will offer an unprecedented level of Olympic coverage.

Big Ten Commissioner: Why Staying Put With 18 Members Is Plenty—for Now

Big Ten commissioner Tony Petitti is focused on properly integrating the new schools into the conference.

Salt Lake City’s Olympic Host Deal Includes Last-Minute Doping Clause

Utah officials are now mandated to uphold the ‘supreme authority’ of the World Anti-Doping Agency.
podcast thumbnail mobile
Front Office Sports Today

Olympics Open: What Athletes Can Do With 15 Minutes of Fame

0:00

Featured Today

Olympic rings in Paris

The Biggest Betting Moment in Olympic History

‘If you put a line on anything that’s televised, people will bet.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 22, 2024

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.

AC Milan CEO: U.S. Investment Is ‘Professionalizing’ Euro Soccer

The club is playing friendlies in American sports venues.
July 25, 2024

Real Madrid Sets One-Year Revenue Record for a Pro Franchise

Real Madrid’s stadium renovations helped drive up its revenue in the past year.
July 26, 2024

Chicago Sky Latest in New WNBA Trend of Building Own Practice Facilities

The facility will allow players to live downtown instead of the suburbs.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 23, 2024

Lawsuits Allege Widespread Copyright Violations by NBA Teams

Almost half the NBA is being sued over copyright issues.
July 19, 2024

A Year Into Josh Harris Era, Commanders Unable to Fully Break From Past

It’s been one year since Dan Snyder sold the Washington Commanders.
An artistic rendering of the new proposed Everton stadium in Liverpool.
July 19, 2024

Déjà Vu: Everton Loses Takeover Bid From U.S. Investor

The Premier League club is back on the hunt for a new owner.
July 17, 2024

Braves’ Bold Plans, Political Backdrop Shape All-Star Game Prep

The Braves plan a series of upgrades to Truist Park while looking to avoid dwelling on state politics.