The New York Mets have to pay just under $101 million in luxury tax fees to Major League Baseball.

According to the league, the Mets tax bill totals $100,781,932 million after they went above the luxury tax threshold for the second consecutive season. It is the highest luxury tax bill in major league history, which doubled the previous high of $43.6 million by the 2015 Dodgers.

Jun 28, 2023; New York City, New York, USA; New York Mets owner Steve Cohen speaks to the media during a press conference before a game against the Milwaukee Brewers at Citi Field. Mandatory Credit: Brad Penner-USA TODAY Sports

The Mets were hit with this bill after finishing in fourth place in 2023. The organization spent a record $374.7 million on the 2023 roster after they were bounced in the wild-card round of the 2022 playoffs.

Despite the record spending and tax hit, the Mets saved money this season. The team recuperated $18 million at the trade deadline after trading Max Scherzer, Justin Verlander, David Robertson, and Mark Canha. The team payroll was $384 million before the trade deadline, and MLB estimated the Mets would have paid an additional $8.4 million in taxes if those player salaries remained the same.

The Mets weren’t the only team hit with luxury tax bills this offseason. They are among eight teams that surpassed the $237 million tax threshold. The Padres ($39.7 million), Yankees ($32.4 million), Dodgers ($19.4 million), Phillies ($6.98 million), Blue Jays ($5.5 million), Braves ($3.2 million), and Rangers ($1.8 million) were the other teams who were handed tax bills.

Of the eight teams, the Yankees and Mets were the only two to exceed the fourth and highest tax threshold of $293 million, famously known as the Cohen tax after it was implemented once the billionaire bought the franchise.

This year also saw a record amount of franchises exceed the luxury tax threshold. The previous record was six clubs in 2016 and 2022. The combined $209.8 million in luxury tax fees was also a record, which doubled the old record of $78.5 million in 2022.

The Mets have gone over the luxury tax for two consecutive seasons. If they exceed it again in 2024, Cohen and the Mets would have to pay the league an amount equal to 50% of their roster next offseason, and for every following year, they exceed the first tax threshold.