Baseball's "Cohen Tax" era begins

[jranieli]

Baseball's "Cohen Tax" era begins

 

• Jeff Tracy

 

Data: USA Today; Table: Jared Whalen/Axios

On the heels of the lockout, and with free agency back in full swing, here's a look at the net worth of MLB's 30 owners.

By the numbers: The Blue Jays, Mets and Braves are the only teams whose owners' net worth exceeds $6 billion, per USA Today.

• Yes, but: The Blue Jays and Braves are owned by media corporations, while the Mets are owned by Steve Cohen — the 48th-richest person in America.

Between the lines: The CBA features a new $290 million luxury-tax tier, which has been dubbed the "Cohen Tax." Cohen says the Mets will "probably" exceed the threshold and pay the higher taxes regardless.

"I know there's a name for it. They call it the 'Cohen Tax' or whatever. ... It's better than a bridge being named after you." — Cohen

 

https://www.axios.com/baseball-mlb-cohen-tax-c62da60a-068d-4a67-a725-deffcf86a548.html

[Chuck Wagon]

KC number surprises me...

C. Wagon

[GorillaNJ]

I like that Cohen seems willing to embrace being the richest muthafucker in the league and spending his cash...   buy me a Tickertape parade!

[RandolphScott]

Cohen just dropped his balls over the MLB.

I’m here for it 

[Chuck Wagon]

Hal Stienbrenners entire net worth...is the Yankees.

C. Wagon

[RandolphScott]

You got diversify yo’ bonds