Mets' Record $420M Season Ends Without Playoffs: MLB Spending Soars

May 4, 2024
Mets' Record $420M Season Ends Without Playoffs: MLB Spending Soars
  • The New York Mets' total spending for the 2023 season reached $420 million, setting a record with a $319.5 million payroll.

  • An additional $100.8 million was incurred as a luxury tax by the Mets.

  • Despite this financial outlay, the Mets finished fourth in the NL East, failing to make the playoffs.

  • The team's expenses could have been higher if not for strategic trades that shed some key players.

  • The Mets were among the top spenders in MLB, alongside the Yankees, Padres, and Phillies.

  • Overall, MLB team payrolls rose by 11% to a collective $5.07 billion, with an average player salary between $4.41 and $4.52 million.

  • Luxury tax calculations consider average annual values of contracts and include benefits in addition to salaries and bonuses.

Summary based on 1 source


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