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Steve Cohen was by no means bodily in a labor negotiating session. However he was current.
He was the proprietor the opposite house owners feared, and the one the gamers needed as untethered to spend as attainable. Cohen went into the lockout having assured extra to Max Scherzer per season than some other participant — by $7 million. So, there was administration trepidation of simply the place he would possibly take a payroll that already was edging towards $280 million.
In the end, MLB and the union got here to settlement on a brand new collective bargaining settlement that — amongst different issues — included a brand new fourth luxury-tax threshold that begins at $290 million and shortly had a nickname: The Steve Cohen Tax.
Two-plus a long time in the past the tax was created largely out of concern of the place George Steinbrenner would possibly take his payroll with out restraints. Now, it's Cohen who offers his brethren the sweats as a result of his $15 billion wealth and unbound need to show the Mets right into a powerhouse. It's among the many largest the explanation why Cohen ranks No. 1 this yr in our annual 50 Most Fascinating Folks in Baseball.
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