The Mets are bad, even by Mets standards
Nick Iluzada
On Fridays, the Brew’s Dave Lozo looks at a sports business story that says a lot more than just the final score of a game.
It’s easy to make jokes about the Mets being terrible, but the Wall Street Journal was able to quantify just how terrible.
Entering Wednesday’s games, the team with the MLB’s most expensive payroll of $355 million was on pace to win only 68 games. That’s an average of $5.2 million per victory, the highest price any team has paid per win since at least 2000, even when adjusted for inflation.
This shouldn’t be surprising: The team that spent the second-most money per win ($4.8 million) during that time period was…also the Mets, in 2023.
Big swings, big misses: Hedge fund billionaire Steve Cohen bought the franchise in 2020 for $2.4 billion. He hasn’t been shy about spending on the roster, but those signings haven’t translated into success.
Next up: The Mets are likely to become more cost-effective when they become sellers at the Aug. 3 trade deadline.