Mariner Talk Chat Forum

.One thing folks are wondering about is why the Mets didn’t just give Correa the same $200M, six-year deal he ultimately signed with the Twins. It would seem to be a good deal after originally agreeing to $315M, and perhaps the Mets will regret not doing it, but it very likely comes down to the tax and the desire to keep the AAV (average annual salary) relatively low.

Cohen famously told me “what difference does it make” over the relatively small extra money he was spending (for him), but ultimately, there are lines for everyone, even him. Cohen is paying a 90 percent tax (the Steve Cohen tax) so that $33M is really $63M a year. Correa is really good. But is he that good?

The Twins, below the tax threshold, pay only the $33.33M salary, and no additional tax. So Cohen would have been paying double had they finalized the deal.

For those who figured Cohen has no limit, we may finally have found it.

Donn Beach wrote: ↑

Fri Jan 13, 2023 10:17 am

.One thing folks are wondering about is why the Mets didn’t just give Correa the same $200M, six-year deal he ultimately signed with the Twins. It would seem to be a good deal after originally agreeing to $315M, and perhaps the Mets will regret not doing it, but it very likely comes down to the tax and the desire to keep the AAV (average annual salary) relatively low.

Cohen famously told me “what difference does it make” over the relatively small extra money he was spending (for him), but ultimately, there are lines for everyone, even him. Cohen is paying a 90 percent tax (the Steve Cohen tax) so that $33M is really $63M a year. Correa is really good. But is he that good?

The Twins, below the tax threshold, pay only the $33.33M salary, and no additional tax. So Cohen would have been paying double had they finalized the deal.

For those who figured Cohen has no limit, we may finally have found it.

Donn Beach wrote: ↑

Fri Jan 13, 2023 12:21 pm

It's not risk it's cost, he's saying the AAV of the shorter contact made it too expensive. Don't if I buy it, not sure they were in position to match other offers

Donn Beach wrote: ↑

Fri Jan 13, 2023 1:31 pm

Where you getting $7 mil? He be paying $63 mil a season on a $33 mil contract

desbcoach wrote: ↑

Fri Jan 13, 2023 3:01 pm

Donn Beach wrote: ↑

Fri Jan 13, 2023 1:31 pm

Where you getting $7 mil? He be paying $63 mil a season on a $33 mil contract

He was going to pay 56 million on the 11/315 contract so 63 million on 6/200 contract is a 7 million difference Higher math

Donn Beach wrote: ↑

Fri Jan 13, 2023 3:55 pm

Yeah, was wondering what the difference was, still don't see it as a risk