Since becoming the majority owner of the New York Mets in 2020, Steve Cohen has been widely considered one of the best in MLB.
Cohen has consistently spent aggressively, highlighted by this offseason’s blockbuster signing of Juan Soto to a 15-year, $765 million deal. Moves like this have allowed the Mets to be World Series contenders.
But there’s a risk that could change that in the near future, with the Mets facing a $272 million problem.
MLB Team Valuations: New York Mets
In a recent CNBC article covering MLB team valuations, we got a sense of each organization’s value and revenue. The Mets stood out, valued at $3.1 billion with a revenue of $446 million in the 2024 season. But that came with –$272 million in earnings before interest, taxes, depreciation and amortization (EBITDA).
The next worst on the list were the Chicago White Sox (–$15 million) and Toronto Blue Jays (–$8 million). Fellow World Series contenders like the Los Angeles Dodgers (+$10 million) and New York Yankees (+$7 million) were both in much better shape financially than the Mets.
This raises the question: Could the Mets’ financial situation hurt their World Series chances?
Mets World Series Outlook
How much money Juan Soto makes in 37 seconds 🤯 pic.twitter.com/wJe5UGucCc
— FOX Sports: MLB (@MLBONFOX) April 8, 2025
The Mets’ current debt could force them to be a bit less aggressive than usual—at least for the rest of the season. That doesn’t mean they won’t make a move at the trade deadline to address a need, but it could prevent them from making a major splash.
In other words, it’s likely that any new additions will be minor moves to supplement the current roster. That probably rules out big-name arms who could be on the move, like Dylan Cease of the San Diego Padres.
At the same time, we can’t rule out Cohen continuing to do whatever it takes to win. Cohen is an individual with a net worth of more than $21 billion, so he may be willing to accept the financial hit if it means securing a World Series.
It’s also worth noting that even if the Mets don’t make any more moves, they still have a good enough roster to contend, with a stacked lineup led by Soto. The rotation could also get a boost when Sean Manaea returns from injury. The Mets are off to a great start this season, currently holding an 8-4 record.
With all that in mind, we probably shouldn’t worry too much about the Mets’ $272 million problem derailing their World Series hopes for the 2025 season.
