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Mets Owner Steve Cohen Discusses “Exhausting” Pete Alonso Talks

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Talks between the Mets and Pete Alonso’s agents at the Boras Corporation seemingly hit an impasse last week, as reports emerged that the Mets expected Alonso to sign elsewhere after the two sides each rejected the other’s three-year contract offer.  Team owner Steve Cohen and president of baseball operations David Stearns each addressed the situation at the “Amazin’ Day” fan event this weekend at Citi Field, with Cohen reinforcing the idea that the door isn’t closed on an Alonso reunion, but the chances of an agreement appear diminished.

“We made a significant offer to Pete,” Cohen told fans and media, including The Athletic’s Will Sammon.  However, the owner doesn’t “like the structures that are being presented back to us.  I think it’s highly asymmetric against us, and I feel strongly about it.  I will never say no, you know, there’s always the possibility [of an agreement].  But the reality is we’re moving forward, and as we continue to bring in players, the reality is it becomes harder to fit Pete into what is a very expensive group of players that we already have.”

“And that’s where we are, and I am being brutally honest.  I don’t like the negotiations.  I don’t like what’s been presented to us.  Listen, maybe that changes, and certainly, I’ll always stay flexible.  If it stays this way, I think we are going to have to get used to the fact that we may have to go forward with the existing players that we have.”

The exact specifics of Scott Boras’ offers to the Mets aren’t known, though the concept floated was a three-year contract with at least one opt-out clause, which would allow Alonso to test free agency again likely as early as next offseason.  The structure is similar to the deals signed by other Boras clients like Matt Chapman, Cody Bellinger, Blake Snell, and Jordan Montgomery last winter, which saw the players each receive a high average annual value within the framework of those shorter-term contracts.

Reports indicated that the Mets’ countered the Alonso camp’s offer with a three-year deal (presumably still with opt-outs) worth $68-$70MM, which would’ve given Alonso a rough AAV of $23MM.  Alonso and his reps rejected that offer and Sammon writes that the Mets then pulled the offer away entirely, leading to the current stalemate between the two sides.  According to Sammon, “it’s unknown if the Mets and Alonso have since re-engaged.  So whether the door is open under similar or different parameters remains a question.”

While some gamesmanship could certainly have been at play in Cohen’s comments today, the Mets owner didn’t mince words in saying  “personally, this has been an exhausting conversation and negotiation,”  Cohen felt that the talks with Alonso were “worse” than even the “tough” negotiations with Juan Soto that ended in Soto’s record $765MM contract.  Ironically, both Soto and Alonso are represented by Boras, though obviously the markets for both sluggers varied greatly.

Even before the offseason began, there was some sense that Alonso (as a power-centric first baseman with slightly declining numbers over the last two seasons) might have to settle for a shorter-term deal with opt outs, so the fact that the talks with the Mets have focused on such contracts isn’t much of a surprise.  What isn’t clear, however, is whether Alonso has other suitors willing to offer more years, or at least higher average annual salaries.  The Giants, Angels, Red Sox, and Blue Jays have all reportedly shown some interest in Alonso, with Toronto seemingly making the most recent push for the first baseman.

In terms of how the Mets might be looking beyond Alonso, Jesse Winker was re-signed last week, filling another hole on the position-player side.  The New York Post’s Joel Sherman wrote yesterday that the Mets asked both Mark Vientos and Brett Baty to start working out at first base, with Baty also getting some reps as a second baseman.

Vientos has some experience at first base already, and he was already locked into a regular spot in New York’s 2025 lineup whether as a third baseman (if Alonso re-signed) or at first (if Alonso left and another first base-only type wasn’t obtained).  Baty has played almost exclusively at third base during his 169-game MLB career and in the minors, while spending some time at second base and in left field in the minors.  He has never played first base at the professional level, with Baty telling Sammon that he last played the position when he was a high school sophomore.

Nevertheless, Baty views the challenge as “really fun….I’ve always prided myself on being as athletic as I can be.  And I think athleticism, you can show it off at any position whether it be first base, second base, third base, the outfield, whatever it is.”

With a .215/.282/.325 slash line over 602 plate appearances at the MLB level, Baty has yet to establish himself over parts of three seasons in the Show, so adding positional flexibility is at least a good way for the former top prospect to help his chances of making the roster.  Between Baty, Luisangel Acuna, and Ronny Mauricio, the Mets could let those youngsters compete for playing time at third base, ideally with one stepping up to take on the regular starting job.  If none are ready for prime time, the Mets could pursue a corner infielder of some type at the trade deadline, with Vientos perhaps shifting from first to third base depending on who New York might obtain.

Organizational Notes: Angels, Nationals, Mets

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The Angels and assistant general manager Alex Tamin are parting ways, report Alden González and Kiley McDaniel of ESPN (Twitter link). Tamin had spent the last three years in Orange County, following GM Perry Minasian from the Braves a week after the Halos hired Minasian out of the Atlanta front office.

Tamin had also spent three years as an AGM with the Braves. Prior to landing in Atlanta, he was a member of the Dodgers’ baseball operations department for six seasons. He was the Angels’ only AGM and served as Minasian’s top lieutenant. It’s the second notable departure for the Halos this week after the club let go of manager Phil Nevin on Monday.

Some other front office/ownership notes around the game:

  • The Nationals will hire Danny Haas as scouting director, reports R.J. Anderson of CBS Sports (Twitter link). He’ll take charge of the franchise’s amateur drafts. That role had been held by Kris Kline, who was transferred from scouting director to a special assistant position last month. Haas, 47, has worked in the Diamondbacks’ scouting department for the last five seasons. A Louisville product, he played parts of five seasons in the minor leagues before beginning his scouting career a little over two decades ago.
  • News of Billy Eppler’s resignation as Mets’ GM yesterday was met with surprise, as he had been expected to stay on as David Stearns’ #2 executive. The situation became more muddled with a report that MLB was looking into claims the Mets had improperly managed their injured list. Abbey Mastracco of the New York Daily reports that owner Steve Cohen is not a target of the league’s investigation (Twitter link). It is still unclear the manner in which MLB suspects that Mets’ officials may have mishandled their IL situation. Whether the organization faces potential penalties remains to be seen.

Billy Eppler Steps Down As Mets’ General Manager

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6:10PM: Eppler resigned to avoid being a distraction to the club during an ongoing MLB investigation into Eppler and the Mets allegedly making improper use of the injured list, as per a report from the New York Post.  (Link to our full post on this story.)

3:23PM: Mets general manager Billy Eppler has resigned from his position, according to a press release from the team.  Mets owner Steve Cohen said that Eppler “led this team through a 101-win season and postseason berth last year and he will be missed.  We accepted Billy’s resignation today as he decided it is in everyone’s best interest to fully hand over the leadership of Baseball Operations to David Stearns. On behalf of the Mets organization, we wish him all the best.”

Eppler himself issued a comment in the release, saying “I wanted David to have a clean slate and that meant me stepping down.  I hope for nothing but the best for the entire Mets organization.”

Given how Stearns’ first few weeks have seen the Mets cut ties with manager Buck Showalter and make some other personnel changes within the front office, it doesn’t seem shocking on paper that Eppler is also on the way out.  That said, Eppler had been expected to continue as GM and serve as Stearns’ top lieutenant, making today’s news “a major surprise” in the view of SNY’s Andy Martino.  Two full years remained on the original four-year contract Eppler signed with the Mets in November 2021.

The Amazins brought Eppler into the fold with the hopes of stabilizing a front office that had become a revolving door.  Sandy Alderson stepped away from the GM position in July 2018 due to a battle with cancer, with John Ricco, J.P. Ricciardi, Omar Minaya handling matters on an interim basis until Brodie Van Wagenen was hired a few months later as the new general manager.  Van Wagenen’s tenure lasted for a little more than two years (until Cohen bought the team), and incoming GM Jared Porter lasted only six weeks before being being fired due to reports of a past incident of sexual harassment.  Zack Scott then became interim GM but lasted less than a year, as a DWI charge led the Mets to ultimately part ways.

Even with the lockout interrupting much of the 2021-22 offseason, the Mets still spent big both before and after the transactions freeze, with some of Eppler’s biggest strikes happening in the few weeks between his hiring and the early-December shutdown.  That winter saw the Mets bring Max Scherzer, Starling Marte, Eduardo Escobar, Mark Canha, and Chris Bassitt into the fold, while also hiring Showalter as the new manager.  The result was a 101-61 record, the second-highest win total in the Mets’ franchise history.  However, New York still had to settle for a wild card slot after losing the NL East crown to the Braves on a tiebreaker, and the Mets’ playoff run quickly ended with a three-game loss to the Padres in the NL Wild Card Series.

With Cohen sparing no expense on player payroll, Eppler kept the big moves coming last winter, bringing both new faces (Justin Verlander, Kodai Senga, Jose Quintana, and more) to Queens on pricey free agent deals, re-signing Mets staples Edwin Diaz and Brandon Nimmo, and even extending other regulars like Jeff McNeil.  The result was an Opening Day payroll of over $330MM — far and away the biggest in baseball history, with a record luxury tax hit to match.

Unfortunately for the Mets and their fans, the large payroll meant an equally large disappointment when the team simply failed to get on track.  With injuries playing a factor, New York finished only 75-87, resulting in a midseason pivot that saw Scherzer, Verlander, Canha, Escobar, Tommy Pham, Dominic Leone, and David Robertson all dealt, primarily to add some new young talent to the organization since the Mets ate most of the remaining salary involved in these trades.

“One of the goals here is to expedite the longer-term goal.  We’re trying to restock and reload the farm system,” Eppler told reporters at the trade deadline.  “You have to go through a little pain to get where we want to go, but I feel like the organization is making strides towards a better future…..Going into 2024 we don’t see ourselves having the same odds that we did in 2022 and 2023, but we will field a competitive team.”

It remains to be seen how the Mets could operate under Stearns, and whether their plan to take some level of a step back next season will impact how they spend, or how they acquire talent.  Whatever the outcome, Eppler won’t be part of the plan going forward, so hiring a new general manager as Stearns’ number two will now also be on the Mets’ to-do list.

Only 48 years old, Eppler already has a lengthy resume in baseball.  Beginning as a scout in the Rockies organization, he moved on to a decade-long run in the Yankees’ front office that saw Eppler promoted first to scouting director and then to assistant GM under Brian Cashman.  The Angels hired Eppler as their general manager heading into the 2016 season, but was fired in September 2020 after the team failed to post a winning record in any of Eppler’s five seasons in charge.  He then briefly explored a new career path running WME’s baseball representation division, but was only in that job for a few months before stepping down to take the Mets’ GM job.

Eppler’s seven seasons as a general manager saw his teams deliver a 508-523 record, with only the 2021 Mets finishing above the .500 mark.  Despite the lack of results, it is still difficult to truly evaluate Eppler as an executive given the circumstances of both his jobs.  Angels owner Arte Moreno is known to carry a heavy influence over his front office’s decisions, and the Halos’ string of losing seasons has continued even after Eppler’s departure.  Eppler had more autonomy in New York, though Cohen’s desire to instantly make the Mets into a contender with no regard to payroll created its own set of unique pressures.  Eppler also had to combat the perception (and perhaps even the reality) that was something of a placeholder GM, only brought in once the previous choices were fired in quick succession, and with Cohen ultimately always intending to hire Stearns or a bigger-name executive like Theo Epstein or Billy Beane.

While Eppler’s resignation appears to have caught the Mets somewhat off-guard, there may no ulterior motive beyond what Eppler expressed in his own statement.  Having the former front office boss still in the organization as the second-in-command is an unusual situation, and it could be that Eppler had a change of heart after his first few weeks working under Stearns.  Resigning now gives Eppler a jump on the offseason, perhaps for a fresh start with another club or for a job outside of front office work, given his past association with WME.

Mets Officially Introduce David Stearns As President Of Baseball Operations

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The Mets formally announced David Stearns as the club’s new president of baseball operations today, making official the long-speculated upon move weeks after a deal was between the sides was first reported. Club owner Steve Cohen released a statement this morning ahead of Stearns’s introductory press conference this afternoon.

“I’m incredibly excited to welcome David back to Queens,” Cohen said in the statement, “I said numerous times I wanted to find the right person for this position, and I believe David is exactly that – an experienced executive with a wide range of skillsets that will push our baseball operations forward.” Stearns, meanwhile, said in the statement that “there is not an opportunity in baseball more meaningful to me than the chance to help lead this franchise” before recounting his childhood as a Mets fan. Later in the day, the club introduced Stearns in a press conference.

During the presser, Stearns thanked recently-fired manager Buck Showalter for his contributions to the organization and, as relayed by Abbey Mastracco of the New York Daily News, emphasized that he was not able to talk with the former manager before today because he was still under contract with the Brewers. As far as the search for a new manager goes, Anthony DiComo of MLB.com relayed that Stearns plans on casting a wide net and has no one in particular in mind. Stearns’s comments come amid widespread speculation that current Brewers manager Craig Counsell, whose contract in Milwaukee expires after the 2023 campaign, could follow his former boss to New York. Of course, Counsell has made no indication on whether he intends to manage at all in 2024, much less whether he intends on leaving the Brewers.

Perhaps the most significant news to come from Stearns’s introductory presser is that the club’s new executive plans to retain first baseman Pete Alonso headed into next season. Stearns told reporters (including Newsday’s Tim Healey) that he expects Alonso to be the club’s Opening Day first baseman in 2024, with DiComo adding praise for Alonso from Stearns. “Pete is a great player,” Stearns said, “He is also good in the clubhouse, and he is also homegrown. All of that matters.”

The assurance from Stearns that Alonso will be part of the 2024 club is surely a relief to Mets fans, given reporting in recent months that the Mets looked into trades involving Alonso ahead of the trade deadline this year, with the Cubs and Brewers among interested parties. Those reports, combined with comments from recently-traded ace Max Scherzer following the trade deadline indicating a potential step back in 2024, led to plenty of speculation about whether or not the club would deal Alonso this offseason, ahead of the slugger’s final year of club control. Alonso slashed .217/.318/.504 with 46 home runs in 658 trips to the plate this season.

NL East Notes: Phillies, Mets, Braves

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The Phillies have already clinched the top NL Wild Card spot with a 89-72 record heading into the final day of the regular season, and have turned their attention to preparing for the club’s playoff run.

Fans in Philadelphia suffered a scare regarding the availability of shortstop Trea Turner yesterday when he exited the second game of yesterday’s doubleheader after being hit in the elbow by a pitch. Fortunately, Turner only suffered a bruise from the incident, as noted by Alex Coffey of the Philadelphia Inquirer. As relayed by Coffey, manager Rob Thomson told reporters yesterday that while Turner is unlikely to play in today’s regular season finale, he’s expected to be ready to go for the start of the Wild Card series on Tuesday. After a rough start to his $300MM contract with the Phillies in the first few months of the season, Turner has caught fire at the plate in recent weeks, slashing .339/.391/.677 over his last 47 games. That hot stretch has raised his overall slash line this season to .266/.320/.459, good for an above-average 108 wRC+.

Meanwhile, as the Phillies look for a platoon partner for outfielder Brandon Marsh headed into the playoffs, The Athletic’s Matt Gelb suggests that the club could turn to 29-year-old rookie Weston Wilson. Wilson has appeared in just five games with the Phillies this year, but has hit well in limited playing time, with two hits (including a home run) and six walks in 12 trips to the plate. Wilson, who slashed .325/.416/.609 in 178 trips to the plate against lefties at the Triple-A level this year, could usurp Cristian Pache as the club’s starter in left field against left-handers thanks to Pache’s brutal .091/.231/.152 slash line in 15 games this September.

More from around the NL East…

  • Even after reportedly hiring David Stearns to become the club’s new president of baseball operations this offseason, the Mets are still looking to add to their organizational leadership. According to Mike Puma of the New York Post, owner Steve Cohen figures to “ramp up” efforts to hire a new team president to replace Sandy Alderson, who vacated the position back in February. The search for a new team president began last September, when Alderson announced he would be stepping down. At the time, the club was reportedly focused on candidates who would be focus primarily on the club’s business operations. Given the impending hiring of Stearns to helm the club’s baseball operations, it stands to reason this plan remains in place as the Mets renew their search for a team president.
  • The Braves announced this afternoon that they have recalled left-hander Dylan Dodd, who figures to start today’s regular season finale against Washington. The Braves have long since clinched home field advantage throughout the playoffs, allowing the club to offer right-hander Bryce Elder some additional rest ahead of the club’s postseason run. Elder, who’s 180 2/3 innings of work between the majors and minors this season represents a career high, was one of the club’s most reliable starters early in the season but has struggled badly in recent weeks with a 5.26 ERA in ten starts since the calendar flipped to August. With Charlie Morton expected to remain on the injured list until the NLCS, Elder is perhaps the club’s most likely option to start Game 3 of the NLDS behind Max Fried and Spencer Strider.

Scherzer: Mets Planning 2024 As “A Kind Of Transitory Year” With Focus On 2025-26

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The Mets had a Major League record payroll of close to $357MM on Opening Day, as they followed up their 101-win season in 2022 with an incredibly aggressive offseason.  However, just as the Mets broke new ground in building their roster, they have also been as aggressive in pivoting in the wake of a very disappointing four months.

With just a 50-55 record entering today’s action, the Mets have been one of the trade deadline’s busiest teams, unloading both major and minor names, rental players and some players controlled beyond the 2023 season.  The long list of players departing Queens in the last six weeks includes Max Scherzer, Justin Verlander, David Robertson, Tommy Pham, Mark Canha, Dominic Leone, and Eduardo Escobar, as the Mets have pursued a strategy of absorbing most of the salaries of those departed players in order to obtain more young talent in return.

As Scherzer told The Athletic’s Ken Rosenthal, the Mets’ plan apparently extends to rebuilding not for the 2024 season, but for future seasons.  Scherzer had to waive his no-trade protection in order to be dealt to the Rangers, and before making his decision, the ace first spoke with GM Billy Eppler and the Amazins’ longer-term plans.

According to Scherzer, “I was like, ’OK, are we reloading for 2024?’  [Eppler] goes, ’No, we’re not.  Basically our vision now is for 2025-2026, ’25 at the earliest, more like ’26.  We’re going to be making trades around that.’  I was like, ’So the team is not going to be pursuing free agents this offseason or assemble a team that can compete for a World Series next year?’  He said, ’No, we’re not going to be signing the upper-echelon guys.  We’re going to be on the smaller deals within free agency. ‘24 is now looking to be more of a kind of transitory year.’ ”

A follow-up chat between Scherzer and Mets owner Steve Cohen took the same tack, which inspired Scherzer to waive his no-trade clause and approve the deal to the Rangers.  “That’s basically what Steve said: ’I never thought in a million years we’d be in this situation, being at the deadline and we’re actually selling.  But the math is the math.  And the math says this organization needs to retool.’  That was Steve saying that.  I said, ’I get it. I’m not here to say you’re wrong.’  It is what it is. I understand from Steve’s perspective that’s the direction he wants to take the team based on where everyone is at within their contracts, arbitration, free agency.  That was the new vision for the Mets.”

However, Scherzer also noted that “if they had said, ‘We’re going to hold on to all the ‘24 pieces,’ that would have been a different story.”

“But they were saying no, we’re going to be moving players that are under contract for 2024 before the deadline.  We walked through some players I had in mind who would be that.  It turned out it was much more extensive than that.  The players we ended up talking about who are free agents after ‘24, they were more substantial names.  Any player who was a free agent after 2024 at the right price could be moved right now at the deadline.  That’s a completely different vision from what everybody had in the clubhouse.  All the players had a vision of, we reload for 2024.  That was no longer the case.”

Scherzer (who had an opt-out clause), Canha ($11.5MM club option for 2024), and Verlander were the only players controlled beyond 2023 who ended up being moved, as the likes of Jose Quintana and other club-option players like Brooks Raley, Omar Narvaez, and Adam Ottavino are all still with New York.  Still, obviously moving two cornerstone aces like Scherzer and Verlander marked a severe change in direction for the Mets’ plans, as trading either pitcher in a deadline deal would’ve seem far-fetched given the hefty investment made in both future Hall-of-Famers over the last two winters.  Verlander was signed to a two-year, $86.67MM with a conditional player option for 2025, while Scherzer came to Queens in the 2021-22 offseason on a three-year, $130MM pact.

In the wake of Scherzer’s trade, Eppler stated to reporters that “I do want to be clear that it’s not a rebuild.  It’s not a fire sale.  It’s not a liquidation.  This is just a repurposing of Steve’s investment in the club, and kind of shifting that investment from the team into the organization.”  Talking with media (including SNY’s John Flanigan) today, Eppler didn’t comment on Scherzer’s statements to Rosenthal, but expanded on his previous statement and reiterated that the Mets weren’t going to tank.

“One of the goals here is to expedite the longer-term goal.  We’re trying to restock and reload the farm system,” Eppler said.  “You have to go through a little pain to get where we want to go, but I feel like the organization is making strides towards a better future…..Going into 2024 we don’t see ourselves having the same odds that we did in 2022 and 2023, but we will field a competitive team.”

Cohen made similar remarks in a text to Jon Heyman of the New York Post, saying “We will be competitive in ’24 but I think 25-26 is when our young talent makes an impact.  Lots of pitching in free agency in ’24.  More payroll flexibility in ’25.  Got a lot of dead money in ’24.”

Since buying the Mets in November 2020, Cohen has been quite open about his bigger-picture dream for the club — citing the Dodgers as the model, Cohen wanted to field a consistent contender with the resources to acquire premium free agents or trade targets, but largely fueled by star talent developed by the Mets’ own farm system.  Cohen didn’t want to wait for that prospect base to be fully built before the Mets started winning, however, and said that he would spend heavily to make the team a contender in the interim.

As it has turned out, this initial plan might just result in one winning season in Cohen’s first three years running the club.  The Mets were 77-85 in 2021, are on pace for a losing record this year, and even the 101-win performance last year was muted when the Padres ousted them in the wild card series.  Rather than splurge again to restock a flawed roster for 2024, it makes sense that Cohen and Eppler might view taking a step back in order to hopefully two steps forward in 2025 or 2026, rather than continue to tread water in a competitive NL East.  The Braves look like surefire contenders for years to come, the Phillies won the NL pennant last year, and the Marlins have also gotten themselves back into the playoff race.

The new direction opens a wealth of new possibilities for the Mets this coming offseason.  It can be assumed that highly-touted youngsters Francisco Alvarez and Brett Baty aren’t going anywhere, if New York wants to expand its young core.  Players recently signed to longer-term contracts or extensions (i.e. Francisco Lindor, Kodai Senga, Jeff McNeil, Brandon Nimmo, Edwin Diaz) aren’t likely to be moved either, since this group will all still be around during the Mets’ new timeline for contention.

Beyond that core, it’s fair to wonder if any other Mets player might be on the trade market this winter.  That includes Jose Quintana (signed through 2024) and Starling Marte (signed through 2025), as while neither has amassed much of a track record in 2023, the Mets have shown that they’re more than willing to eat money to accommodate trades.  The biggest question mark might hang over Pete Alonso, as the slugger has one final arbitration-eligible year remaining before he enters free agency following the 2024 campaign.

Roster Resource projects that New York has roughly $204.2MM on the books for 2024 already, but a step back from contention might also logically mean a desire for the team to reset its luxury tax status.  The Mets obviously blew past the highest tax levels in both 2022 and 2023, but getting out of tax territory entirely ($237MM is the lowest threshold level in 2024) would both reduce the team’s financial penalty, and more importantly the asset-related penalties attached with tax overages.  For instance, the Mets would be able to sign qualifying-offer free agents for a lesser cost of draft picks, while also netting a higher draft return for any of their own free agents who reject a QO and sign elsewhere.  In other punishment for incurring such a high tax bill in 2022, the Mets also had their first pick in the 2023 draft pushed back by ten slots, and their international signing pool was reduced.

If the Amazins aren’t planning to be big spenders this winter, that naturally has a big impact on this offseason’s free agent class, given how Cohen’s largesse has driven the market over the last two years.  Given the relatively thin nature of the 2023-24 class, the Mets front office might be planning to capitalize by using some of their roster as trade chips, as rival clubs might not find what they’re looking for in free agency.  As Cohen noted, there are plenty of interesting pitchers available following the 2024 season if the Mets do intend only a one-year step back, such as Scherzer again, Max Fried, Zack Wheeler, Corbin Burnes, Brandon Woodruff, and many others.

Speaking Burnes and Woodruff, it would remiss if we didn’t mention the persistent rumors that the Mets will pursue David Stearns as the next president of baseball operations, as Cohen said last month that he is still looking to install a new executive above Eppler on the decision-making pyramid.  Stearns’ contract with the Brewers is up after the season, and if the speculation is true and he does head to New York for his next job, it might make sense if Stearns eventually pursues some of his old Milwaukee players.  That said, whether Stearns or someone else is the new president, it would make sense that the Mets gives the new hire at least a year to fully assess the organization, before turning back towards contending in 2025 or 2026.

Steve Cohen “Frustrated” But Won’t Be “Reactionary” To Mets’ Slow Start

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After snapping a seven-game losing streak on Saturday, the Mets couldn’t remain in the win column today, dropping a 2-1 result to the Pirates.  The loss dropped New York’s record to 31-35, putting them in fourth place in the NL East and 9.5 games behind the first-place Braves.  The crowded NL standings mean that the Mets are only 3.5 games back of a wild card berth, yet obviously the Mets didn’t expect to find themselves in such a middling position after winning 101 games in 2022 and then augmenting their roster with a blockbuster offseason.

Since owner Steve Cohen has been so aggressive in his spending to make the Mets into a World Series contender, there has been a lot of speculation over whether or not Cohen’s desire to win could now manifest itself in managerial or front office changes in response to the Mets’ slow start.  However, as Cohen indicated to Joel Sherman of the New York Post, such changes don’t appear to be in the works, nor is he planning to “blow up” just to express public frustration.

“The reality is it’s not going to solve our problems,” Cohen said.  “And I think in some ways it can be demotivating….I think that’s the worst thing you can do is to be overly reactionary.  General fan reaction, it’s usually, ’I can’t believe Steve’s not going nuts, fire somebody.’  My answer to that is, ’OK, let’s say I went nuts.  Let’s say I fired somebody.  Then what?’  What does that accomplish?  Who are you gonna replace them with?  This is the middle of the season.  And then if you actually ask people [who are the replacements], they have no answers, other than they’re just angry, and I get that.  I’m frustrated too.”

While this isn’t exactly a clear vote of confidence in GM Billy Eppler or manager Buck Showalter, Cohen stated that he isn’t letting “recency bias” dictate his decisions, saying “You’re better off trying to manage through these periods and not throw your entire plans out the window.  It’s just not good management, good strategy.”  In one of multiple references Cohen made between the Mets and his hedge fund business, Cohen noted that “there are moments where we’ve drawn down really hard for whatever reasons — whether it’s markets, whether it’s something that we did wrong — it doesn’t mean I completely change or let people go.  I don’t operate that way.  These are challenges.  This is management.  This is the moment where you get to witness how your management deals with problems.”

Cohen made it clear that he isn’t pleased with the season to date, pointing to both a lack of results from the rotation as well as “mental errors” from the team at large.  But, “those are what I would call unforced errors that we can fix and we will because these are good guys who are working hard,” Cohen said, and he feels his pitching staff has too much talent to continue struggling.

“What is the odds this group of pitchers will pitch this way the entire season.  Probably unlikely,” Cohen said.  “That is why there is reason for optimism in a moment where it looks like the wheels have just come off….These are people who have performed in the past, and you’ve got to believe that it’s fixable.  I keep coming back to that: The best indicator of future performance is how they performed in the past.  And they have performed consistently well in the past.  That gives me optimism for the future.”

The Mets entered Sunday’s action ranked 25th of 30 teams in rotation ERA, as both under-performance and health issues have been pitfalls for the team’s starters.  Justin Verlander and Carlos Carrasco each missed significant time on the 15-day injured list, while Max Scherzer has battled some neck soreness and also served a 10-game suspension for use of a foreign substance on his hands while pitching.  Jose Quintana has yet to pitch at all this season due to a stress fracture in his ribs suffered during Spring Training, and isn’t expected back until July.  Beyond this veteran group, Kodai Senga has pitched well in his first MLB season, but Tylor Megill, David Peterson, and Joey Lucchesi have all struggled.

MLB Creates Economic Reform Committee

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One year after a tense period of CBA negotiations between MLB and it players that resulted in a lockout and a delay to the start of the 2022 season, it appears the league is already preparing for the next round of negotiations. According to Evan Drellich of The Athletic, the commissioner’s office has formed what they’re calling an economic reform committee chaired by Dodgers chairman Mark Walter. Drellich reports that Tigers chairman Chris Ilitch, Red Sox principle owner John Henry, and Rockies chairman Dick Monfort are among other members of the committee of franchise owners. The current CBA is set to expire following the 2026 season.

As Drellich notes, the impending bankruptcy of Diamond Sports Group, owner of the Bally Sports networks that hold the TV distribution rights of 14 MLB teams, appears to be a catalyst for the creation of this committee. Should that bankruptcy indeed come to pass, it would open the door for MLB to begin work on a league-wide streaming service free from blackouts. But according to Manfred, discussions of such a path have brought about concerns about disparity between the revenues of clubs:

“We have businesses that are literally not similar in terms of the overall revenue that they’re generating.” Manfred tells Drellich, “And to the extent that you could find a new distribution model that actually helped on that disparity side, that would be the daily double. So people are having conversations that haven’t been had in baseball, and it’s really been owners talking to owners, which is a good thing.”

As Drellich points out, the financials of most MLB clubs are not public and the new committee has no plans to produce a league-wide financial report, making it impossible to verify most claims related to revenue. But Drellich reports that concerns about revenue disparity have been exacerbated by the willingness of Mets owner Steve Cohen to put up record payrolls that dwarf those of other clubs. Per RosterResource, the Mets 2023 payroll for luxury tax purposes currently sits at almost $374 million, and that’s even after the club’s bid to land Carlos Correa on a 12-year, $315 million contract fell through due to concerns about Correa’s physical.

Drellich quotes an industry source as saying that “[Small market clubs] demand everything’s got to change… The whole idea is to basically come up with a system that gets to a salary cap.”

For his part, Manfred claims that the league has not “even begun to think about where we’re going to be the next go-around” of collective bargaining negotiations, but Drellich notes that other quotes from the commissioner indicate the proposal of a hard-cap could be on the horizon:

“When I talk about a more national product, sort of the thought there is that a more national product produces more centrally shared revenue… which, in turn, we hope, would reduce payroll disparities. At various times, we have talked and proposed, including in the last round, about direct payroll regulation, in addition to that, having a minimum payroll… We remain open to those sorts of solutions. Obviously, we’re a long way from the next round of bargaining, but there are ways to get at it.”

Even if the league has interest in pursuing a salary cap in future CBA negotiations, plenty of obstacles remain. The MLBPA, which Drellich reports declined to comment on the league’s new committee, has of course staunchly stood against a salary cap for decades. Drellich also notes that teams likely disagree as to where a hypothetical cap and floor would be set. Still, this committee serves as a reminder that, even with the lockout in the past and a new agreement in place that should keep labor peace for at least the next four seasons, more difficult negotiations remain on the horizon, both between owners themselves and between the league and its players.

Steve Cohen Says Mets Aren’t Pursuing David Stearns

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David Stearns has long been considered a Mets target, as the Brewers twice rejected requests from Mets owner Steve Cohen to speak with Stearns about New York’s front office vacancies in the last two years.  When Stearns stepped down yesterday as Milwaukee’s president of baseball operations, speculation quickly arose about Sterns’ future and whether or not a move to New York could be in the offing, though Cohen has seemingly closed the door on the possibility.

Speaking with SNY’s Andy Martino, Cohen reiterated that general manager Billy Eppler “is in charge” of the Mets front office, and that the club is “focused on other things right now” than a pursuit of Stearns.

Cohen’s statement tracks with other recent reports suggesting that Eppler isn’t in danger of being replaced, as the positives of the Mets’ 101-win regular season look to have outweighed the disappointment of the club’s early playoff exit in the Wild Card Series.  The Mets are still looking for a new team president, but were reportedly looking to hire a business-oriented executive for the role, leaving Eppler running baseball operations.

Of course, speculation linking Stearns and the Mets isn’t likely to end until Stearns takes a job with another team, the Mets hire a new president, or perhaps until Eppler is given a president of baseball operations title.  (While clubs can use several different titles for their top front office decision-maker, Eppler’s status as “only” a GM does leave some wiggle room for a president of baseball ops to be installed above him.)  In fact, Martino feels Cohen will eventually interview Stearns down the road, though Martino also writes that “Mets people have long insisted that the link between Cohen and Stearns has been overstated for the past year.”

For his part, Stearns said that he isn’t joining another team, and that his decision to step away from Milwaukee’s PBO job was based on a desire to step back from the daily grind of running a Major League team.  Though he’ll remain as a consultant with the Brewers, Stearns said he is “looking forward to taking a deep breath, spending time with my family and exploring some other interests.”

There is also the practical matter of Stearns’ contract, which runs through the end of the 2023 season.  Stearns and Brewers owner Mark Attanasio discussed the situation (with MLB.com’s Adam McCalvy and other reporters) in somewhat oblique terms at yesterday’s news conference, saying that there was some type of arrangement in place should another team ask to interview Stearns about another job.

Because Stearns is a contracted employee, Attanasio is under no official obligation to allow the Mets or any team to speak with Stearns.  As an MLB official tells The Athletic’s Will Sammon, the league would have to approve any attempt on another’s team part to essentially purchase Stearns’ contract for cash.  Perhaps not wanting to set precedent, “MLB would likely prefer the two sides strike a trade involving players,” Sammon writes.  Trades involving non-player personnel are rare but not entirely uncommon.  For instance, the Red Sox received two players (Chris Carpenter and Aaron Kurcz) from the Cubs as compensation for letting Theo Epstein out of the the final year of his contract to become Chicago’s new president of baseball operations, with prospect Jair Bogaerts also dealt from the Cubs to the Sox as part of the swap.

Latest On Juan Soto’s Trade Market

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Juan Soto’s presence on the trade market has, in many ways, held up activity in other areas. Teams like the Cardinals and Padres, generally viewed as two of Soto’s top suitors, are also involved in the market for starting pitching. But, both are surely wary of dealing prospects to acquire a starter (e.g. Oakland’s Frankie Montas) if those same players might eventually be used to pry Soto loose from Washington.

ESPN’s Jeff Passan takes a lengthy look at the logjam Soto has created, writing within that the Yankees are a “long shot at best” to make a play for Soto before the deadline and suggesting that the Rangers, for now, are not a prominent bidder. That meshes with recent reporting from the New York Post’s Jon Heyman, who wrote last night that there was “no traction” between the Yankees and Nationals regarding Soto, even though the Yankees reached out as recently as yesterday evening. Heyman adds that the Nationals aren’t as high on top prospect Anthony Volpe as the Yankees and many other clubs are, which is a complicating factor in talks.

The Padres and Cardinals are the most oft-suggested fits for Soto, and with good reason, as both are win-now clubs with deep farm systems who could offer the blend of top prospects and controllable big leaguers the Nationals seek. Passan suggests that the Dodgers are “lurking,” however, and Ken Rosenthal of The Athletic similarly wrote this morning that the Dodgers have maintained talks with the Nats and should not be ruled out as a potential landing spot. USA Today’s Bob Nightengale takes things a step further, tweeting that it’s actually the Dodgers — not the Cardinals or Padres — who have been making the most aggressive offers for Soto recently.

The Mariners, another regularly speculated fit for Soto, don’t appear likely to land him at this point. President of baseball operations Jerry Dipoto tells The Athletic’s Jim Bowden that while he checked in on Soto, he came away with the impression that there was not a realistic path to acquiring him (Twitter link). Presumably, that came prior to Seattle’s Friday acquisition of Luis Castillo — which cost the Mariners their top two prospects.

The Mets, too, have been speculatively listed as trade partners for the Nats. That’s due largely to the team’s huge payroll and aggressive past year under new owner Steve Cohen. However, Joel Sherman of the New York Post writes that the Mets believed “relatively quickly in the process” that there’d be such a large market for Soto that Washington wouldn’t have to consider trading him to a division rival. That certainly looks to be the case, although if the Nats do covet the Mets’ best prospects, there’s at least a slim chance of something coming together; both Sherman and SNY’s Andy Martino report that the Mets would only move their very best prospects if it were to acquire Soto or (an even longer shot) Shohei Ohtani. Both reports suggest catcher Francisco Alvarez is off limits unless it’s for one of Soto or Ohtani. Sherman adds third baseman Brett Baty to that list, and Martino suggests third baseman Mark Vientos is viewed similarly.

Regardless of whether Soto specifically changes hands, the market will erupt sometime between now and tomorrow’s 6pm ET deadline. The ticking clock is going to eventually drive teams into activity, and given the lack of movement thus far, we could be in for one of the most active and chaotic 24- to 30-hour spans of deadline dealing we’ve ever seen.

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