How Billionaire Mets Owner Steve Cohen Is Redefining MLB's Hierarchy With A $765 Million Juan Soto Deal [Forbes]
Liberty Media Corporation - Series A Liberty Braves (BATRA)
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Source: Forbes
Whole New Ballgame: Billionaire owner Steve Cohen is a lifelong Mets fan who vowed to bring a World Series back to Queens within five years. Daniel Shirey/MLB Photos via Getty Images T he bidding war for the most sought-after free agent in baseball history included the usual suspects who have spent freely on superstars for decades—the New York Yankees, Los Angeles Dodgers and Boston Red Sox—but none could top Steve Cohen , the league's new heavy hitter. The 68-year-old Cohen, whose estimated net worth of $21.3 billion is twice as large as any other Major League Baseball owner's fortune, reportedly agreed Sunday night to a 15-year, $765 million deal to sign 26-year-old outfielder Juan Soto, who wore Yankee pinstripes last season. The contract averages out to $51 million a year with no deferred money, making it far more lucrative in present value than the $700 million deal Shohei Ohtani inked with the Dodgers last winter, most of which he won't receive for another decade. On
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