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How Steve Cohen made Mets’ $315M Carlos Correa deal a reality

Carlos Correa is a celebrity. He brings to Queens a defensive acumen that ranks with the easiest within the recreation, and much more importantly for the Mets, that clutch gene seen beforehand in these elements by Derek Jeter and a only a few others.

Correa provides the Mets a star-laden roster hardly ever seen on this sport. But it’s very clear at this level who the most important star of this crew is.

That can be one Steven A. Cohen, and there may be little debating that time.

Cohen has stepped out financially like nobody earlier than, and like virtually nobody ever imagined, working the winter tab previous $800 million, the payroll to about $400 million and his personal tax invoice to an unprecedented $100 million plus.

The Mets’ proprietor does have some limits, even when nobody sees them at this second. When he bought into the Correa derby late a week or so in the past, he hoped to lure the star to New York for “close to $300 million.” So when Correa’s $350 million, 13-year Giants deal fell by Tuesday, Cohen and Correa’s agent Scott Boras negotiated the gorgeous middle-of-the-night deal for $315 million, it was a little greater than he hoped to pay.

“In the end, what the (heck’s) the difference. If you’re trying to make a move, you make the move,” Cohen informed me by cellphone from Hawaii. “If it’s (a few percent) percent more, what’s the difference?”

Mets owner Steve Cohen on April 15, 2022.
Mets proprietor Steve Cohen on April 15, 2022.
Corey Sipkin

The huge distinction is Cohen himself, who’s performing his new position far in a different way than anybody has earlier than. He’s Steinbrenner squared.

The money is a consideration however solely a fleeting one. The losses are observed, however largely disregarded. (They need to be huge as revenues are believed to be round $500 million, if that, and Cohen’s participant outlay alone together with taxes will doubtless be north of that determine as soon as he’s accomplished, and he’s not accomplished but.) On the precedence listing, the underside line is under the underside.

This is to not diminish what Correa brings, and it’s appreciable.

Correa is likely one of the greatest postseason performers of this era. He has an .849 lifetime OPS within the postseason and he’s hit 18 dwelling runs, which for years was the all-time October file held by Mickey Mantle (earlier than issues modified with expanded playoffs.) 

This is not any small factor. The Mets blew it in October this previous year after wanting like one of many sport’s dynamos for seven straight months, dropping at dwelling to the San Diego Padres, a smaller-scale West Coast model of Cohen’s Mets.

Defensively, Correa’s among the many uber elite within the recreation, proper there with Manny Machado and Nolan Arenado. While he gained’t hit with as a lot energy as his previous good friend Alex Rodriguez, he’s going to play a a lot sleeker model of third. He did so within the WBC the place he teamed for Puerto Rico with Francisco Lindor, who will preserve his shortstop spot with the Mets, and phrase is he doesn’t thoughts switching positions within the least.

Correa additionally supplies the Mets with many alternatives to reinforce the roster. Solid veteran Eduardo Escobar and high prospect Brett Baty seem like engaging commerce bait now. The Mets are mentioned to nonetheless be working, and presumably open to increasing a payroll that appears like it’s going to break their very own file (tied with the Dodgers) by about $100 million.

Carlos Correa agreed to a 12-year, $315 million contract with the Mets.
Carlos Correa agreed to a 12-year, $315 million contract with the Mets.
Getty Images

Although we haven’t heard from Correa but, New York could maintain enchantment to him as nicely. His camp tried to have interaction the Yankees about 10 days in the past, when the Giants and incumbent Twins seemed to be the one video games on the town.

That in fact was earlier than Cohen bought concerned, making not one, not two, however three calls to Boras, who needed to inform him they had been “down the road” with one other crew, which turned out to be the Giants. Just a few days later, Cohen lamented to me about getting in “late,” and appeared accountable himself for dropping the chance to win a nice participant.

Cohen traveled to Hawaii for what turned out to be a working vacationing the day earlier than the Correa press convention was scheduled to happen. That was at 11 a.m. Pacific time on Tuesday. There was just one hitch: he hadn’t but handed the bodily.

The presser was delayed when one thing was discovered by Giants medical doctors. Boras wouldn’t say what the difficulty was, solely that it was not his again, which was a drawback earlier in his career, and that he and the Giants had “a difference of opinion” over the medical doctors’ findings.

There was anticipated however false hypothesis that both Correa or the Giants bought chilly toes. But sources point out that Giants medical doctors thought they noticed one thing regarding. In any case, Cohen promised to be opportunistic, and this was his likelihood.

“We needed one more thing, and this is it,” Cohen informed me from Hawaii within the wee hours of the morning (it as really solely about 9 p.m. there).

“This really makes a big difference,” Cohen additionally mentioned. “I feel like our pitching was in good shape. We needed one more hitter. This puts us over the top.”

We’ll see about that, in fact. But Correa is a large get. And what’s one other $315 million?

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