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#pounditFriday, January 27, 2023

Articles tagged: Steve Cohen

Steve Cohen’s big mouth may have screwed Mets

Steve Cohen looks on

Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

The New York Mets are the second team to have concerns about signing Carlos Correa after the star shortstop underwent a physical exam, but they may wind up stuck with the original agreement because of the way Steve Cohen handled it.

Correa’s 13-year, $350 million agreement with the San Francisco Giants was nixed due to issues uncovered in his physical. The Giants were worried about a lower leg injury that Correa suffered eight years ago when he was in the minors. Cohen and the Mets then swooped in and agreed to a 12-year, $315 million deal with Correa.

Cohen obviously was not worried about the old injury. He commented publicly on his team unexpectedly landing Correa when he told Jon Heyman of the New York Post, “We needed one more thing, and this was it.” He also said “this puts us over the top.”

The Mets conducted their own physical with Correa. They flagged the same medical issue with Correa’s leg, and the two sides are trying to figure out how to proceed. There has been talk of the deal being reworked.

Correa’s agent Scott Boras may have a case to force the Mets to stick with the original $315 million agreement. As Ken Rosenthal of The Athletic notes, Major League Baseball has warned teams in the past not to comment publicly on free-agent deals until they are finalized. Doing so might persuade an arbitrator to side with the player in the event that a grievance is filed.

It may not come to that, as both Correa and the Mets have plenty of incentive to get the deal done. Cohen has already bragged about signing the star free agent. If Correa risks going back to free agency, he will do so with two teams having backed out of agreements due to a medical issue. That could complicate things for him.

The two sides will probably come to an agreement eventually, but it will be interesting to see if Cohen’s public excitement costs his team money.

Scott Boras’ great message to Steve Cohen about Correa revealed

Scott Boras talks

Mar 2, 2019; Clearwater, FL, USA; Bryce Harper agent Scott Boras speaks as they formally introduce right fielder Bryce Harper (3) as a Philadelphia Phillie at Spectrum Field. Mandatory Credit: Kim Klement-USA TODAY Sports

Scott Boras is having a big offseason for his clients, and he won’t let failed physicals stop him from getting things done.

Boras and Carlos Correa pivoted from the San Francisco Giants to the New York Mets late Tuesday/early Wednesday after the Giants took issue with Correa’s physical.

Correa originally had a 13-year, $350 million deal with the Giants. He ended up getting a 12-year, $315 million deal with the Mets.

How did the agent pivot from the Giants to the Mets? He had a great message for Mets owner Steve Cohen.

“(Steve) Cohen was in Hawaii. I was up late in SF negotiating with a number of teams. Others went to bed. Steve was having dinner and a martini. I asked if he had 3 olives for a great 3B,” Boras says he told Cohen.

Three olives for a great third baseman is a classic line.

Correa has played shortstop, but he is moving to third base for the Mets, who already have Francisco Lindor at the position.

Once he found out that Correa was available, Cohen closed the deal while on a trip in Hawaii. He’s already spent so much money building his team, he figured what’s a little extra money to try and lock up a World Series?

Correa, 28, batted .291 with 22 home runs and an .833 OPS last season for the Twins.

Did Steve Cohen tip hand early about Justin Verlander-Mets deal?

Steve Cohen looks on

Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

Justin Verlander’s decision to sign with the New York Mets was a big win for amateur Twitter detectives everywhere.

News broke on Monday that the reigning American League Cy Young winner Verlander has agreed to a big contract with the Mets. Verlander is replacing Jacob deGrom, who just signed with the Texas Rangers, and is reuniting with ex-Detroit Tigers teammate Max Scherzer.

Something interesting preceded the news though. On Sunday, the day prior, some eagle-eyed Twitter users noticed that Mets owner Steve Cohen recently began following Verlander on the platform. It seemed a bit out the ordinary based on the regular pattern of apparent behavior by Cohen on Twitter.

Less than 24 hours after fans noticed this, Verlander was officially a Met.

Twitter bread crumbs are always a hot topic among hopeful fans, especially during the offseason. More often times than not though, it ends up being a whole bunch of nothing (even with the Mets themselves in the past). But with Cohen’s follow of Verlander manifesting into an actual agreement, social media Sherlocks have finally gotten their long-awaited moment.

Mets owner hints at possible payroll limit

Steve Cohen looks on

Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

The New York Mets under owner Steve Cohen have been one of the biggest spenders in baseball. There may, however, be a limit to how far Cohen is willing to go to spend on a winner.

In an appearance on the New York Post’s “The Show” podcast, Cohen hinted to Jon Heyman and Joel Sherman that $300 million might be the upper limit to how far he is willing to go in terms of payroll.

“You should be able to build a pretty good team at $300 million,” Cohen said Wednesday, via Zach Braziller of the New York Post. “If you can’t do that, then that’s a problem.”

The Mets entered the 2022 season with a payroll around $265 million, so there is some room to spend. That said, a good portion of that money will probably go into keeping key players who are bound for free agency.

Cohen has joked about spending $300 million before, but this is a serious response he has not really gone into before. Such a payroll would easily be the highest in the sport, and would go way past the 2023 luxury tax threshold of $233 million. As long as the money is fueling a winning team, Cohen seems unlikely to care about any of that.

Mets owner has funny response to question about $300 million payroll

Steve Cohen looks on

Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

The New York Mets are hot to the touch, getting off to a 35-19 start this season. They have the second-best record in the NL and their +70 point differential is third among MLB teams. But owner Steve Cohen is not satisfied.

“I will never feel satisfied. That’s not who I am,” Cohen said on Friday, via the New York Daily News. “I’m always trying to figure out where else we can go next. I’m always in a state of constant improvement, and that’s the way I want this organization to work.”

The MLB trade deadline is August 2, which gives Cohen roughly two months to wheel and deal. But how much more payroll can he afford to add? After all, the Mets already lead the league with a payroll above $260 million (as things currently sit).

Could we see New York make a move that pushes them over the $300 million mark?

“Either I will or I won’t,” Cohen said. “There’s only two possibilities: 299.9 or 300.1. Maybe I will do the 300.1 just for fun.”

It’s a lot more fun when the team is winning. If the Mets were on the opposite end of the spectrum, the prospect of spending more than $300 million in payroll certainly wouldn’t be nearly as amusing. But Cohen has put in the time and the work, and now the results are beginning to pay off.

Mets owner has funny tweet after end of MLB lockout

Mets owner Steve Cohen

New York Mets owner Steve Cohen became known for his frequent use of Twitter during the 2021 season. He had largely gone dark on the platform during the MLB lockout, but he celebrated its end Thursday with a funny tweet.

Shortly after MLB owners ratified the new collective bargaining agreement, Cohen took to Twitter to joke that he’d forgotten how to use the platform. It marked Cohen’s first tweet since Dec. 31.

Cohen’s use of Twitter has certainly been controversial at times. As recently as November, he had used the platform to call out a player’s agent publicly. Now that the lockout is over, this would seem to be an indication that Cohen has no intention of dialing it back.

Cohen’s Twitter activity aside, there appears to be a lot for Mets fans to be excited about in 2022. That excitement should only grow now that we know baseball will be played.

Photo: Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

Mets owner Steve Cohen rips Steven Matz’s agent

Mets owner Steve Cohen

New York Mets owner Steve Cohen on Wednesday sparked another controversy via his social media activity.

Cohen tweeted his frustration with an agent for “unprofessional behavior.”

The tweet was regarding the agent for pitcher Steven Matz.

Matz agreed to a 4-year, $44 million deal with the St. Louis Cardinals on Tuesday.

Cohen later explained his issues with Matz and the pitcher’s representatives in more detail. The Mets owner told reporter Joel Sherman that it was Matz’s side that reached out to them and said the Mets were the pitcher’s first choice.

Maybe the Cardinals ended up offering Matz more and that’s why he chose them. Regardless, Cohen feels like he got played by Matz’s agent.

Matz’s agent Rob Martin offered a statement to Ken Rosenthal regarding the situation:

Since buying the team, Cohen has been vocal when it comes to expressing issues. He ripped his team over the summer regarding their poor hitting results. He also went public about issues with a draft pick.

Matz, 30, went 14-7 with a 3.82 ERA for the Blue Jays last season. He pitched for the Mets from 2015-2020 and was a 2nd-round pick by the team in 2009.

Photo: Sep 11, 2021; New York City, New York, USA; New York Mets majority owner Steve Cohen and his wife Alexandra Cohen at Citi Field. Mandatory Credit: Wendell Cruz-USA TODAY Sports

Mets owner Steve Cohen runs contest to out source in unflattering story

Steve Cohen Mets

New York Mets owner Steve Cohen has drawn criticism for being too active on social media, and that was mentioned in a story this week about the difficulties the team will face while searching for its next president of baseball operations. True to his brand, Cohen is using Twitter in attempt to out the anonymous source in that article.

Mike Puma published a story in the New York Post on Wednesday night in which he cited an anonymous former MLB executive who was highly critical of Cohen and the Mets. The former exec said the team appears to be “in disarray” in the wake of its last two front office hires. Puma’s source also called out Cohen over his Twitter activity.

“Cohen is out there tweeting about the organization and about stuff that he shouldn’t be tweeting about like he’s a fan,” the former executive said. “Why would somebody want to sign up for that? I think it’s a huge issue.”

On Thursday, Cohen enlisted the help of his Twitter followers in trying to uncover the identity of the anonymous source. He claimed just minutes later that the mystery was solved and pointed the finger at former Miami Marlins president David Samson.

Samson immediately denied it, as did Puma.

But there is one interesting wrinkle — Samson sent a tweet mocking Cohen less than an hour before Cohen publicly pointed the finger at Samson.

What is going on here? No one really knows. It’s unclear why Samson would have it out for Cohen and the Mets. And if he did, there’s seemingly nothing that makes him an authority to speak on the topic for Puma’s story.

In any event, the Mets have been a mess this season. Cohen even called his own players out on Twitter recently. The latest sideshow is one of many that have come out of New York this year.

Francisco Lindor not bothered by public criticism from Steve Cohen

Francisco Lindor

New York Mets owner Steve Cohen made the unconventional choice to publicly criticize the team’s offense on social media this week. At least one of the targets of that criticism is perfectly comfortable with it.

On Wednesday, Cohen sent a tweet calling the Mets offense “unproductive” and said he couldn’t understand why the team’s power numbers were so poor. The tweet caused a bit of an uproar, with some questioning why Cohen would air out his frustrations with his own players in that way on Twitter.

On Saturday, Mets shortstop Francisco Lindor was asked about Cohen’s social media activity, and admitted that the owner was right about the team’s hitting.

“We’ve been getting that message all year,” Lindor said, via Jill Painter Lopez of the Associated Press. “We haven’t really hit all year long. I haven’t performed. I haven’t done it. Bottom line, I haven’t done what I’m here to do when it comes to the offensive side.

“Defense, they can’t talk to me. Baserunning, they can’t talk to me, either. But offensively, yeah, criticize me. Say whatever. You’re right. You’re all right. I’m with them. I haven’t performed.”

The Mets’ marquee offseason acquisition, Lindor has hit a career-low .228 on the season with just 11 home runs. That’s far below expectations, and as unwelcome as Cohen’s remarks may be, there’s no way he can dispute them. It doesn’t help that he’s contributed to a bit of strange off-field drama this season.

After spending the bulk of the season in first place in the NL East, the Mets are 13-22 in the second half and have fallen six games behind the first place Atlanta Braves. Only the Texas Rangers and Pittsburgh Pirates have scored fewer runs in 2021.

Steve Cohen ripped Mets on Twitter ahead of extra-innings win

Steve Cohen Mets

The New York Mets snapped their losing streak on Wednesday night to avoid being swept in a second consecutive series, and they did so after owner Steve Cohen called out the team on social media.

The Mets had lost five straight games heading into Wednesday and have been struggling to score runs. They rank near the bottom of Major League Baseball in OPS and slugging percentage, which inspired Cohen to publicly rip his players for being “unproductive.”

Cohen then fired back at a fan who told him he shouldn’t air out his frustrations on Twitter.

It’s unclear if the tweet motivated the Mets, but they defeated the the San Francisco Giants in 12 innings to get back to .500. Kevin Pillar’s three-run homer in the 12th helped lift the team to a much-needed victory.

Cohen prides himself on trying to be open and honest with fans. Ken Rosenthal of The Athletic said recently that rival executives have been shocked by some of his tweets, but that’s how Cohen operates. The only time we saw him disappear from Twitter was when he faced some backlash related to a stock scandal.