There was a time, way back when George Steinbrenner blew into town on so much brio and hot air, that he became the owner in sports, and not just here, that everybody wanted. Now it’s Steve Cohen. And not just here.
That doesn’t mean he just bought the Mets even won World Series by signing Juan Soto away from the Yankees. If you still think all it takes is money to buy happiness in sports, then take a look back at the days when the Yankees were money-whipping the baseball world, and how many World Series it brought them. Now sometimes money does buy happiness, and all you have to do is ask Dodgers fans about that. But not nearly as often as you think.
They’ve got deep pockets out there with the Guggenheim Baseball Management, who paid out a billion to Shohei Ohtani and Yoshinobu Yamamoto last winter. Just not as deep as Cohen’s, who’s got more money than any other owner in professional sports and just showed you, in lights and as loud as the big city, that he’s not afraid to spend it to get what he wants.
Hal Steinbrenner wasn’t afraid to make a bigger offer for Soto than anybody — including Hal himself — thought he would ever make, an offer more than twice what he paid Aaron Judge. This Steinbrenner just got beat. No shame, and look it up: There’s still a reason why they keep score in sports.
And it’s worth reminding everybody all over again that this is Cohen’s money. He didn’t come into the world as someone who, as the great-grandson of Robert Wood Johnson I, would eventually become one of the heirs to Johnson & Johnson pharmaceutical fortune the way Our Woody did. He wasn’t the son of Charles Dolan and son of Cablevision the way Jimmy Dolan is. Or inherit co-ownership of the Giants the way John Mara and Steve Tisch long since have.
You may not like the way Cohen came by his money, or that he once had to pay a fine of $1.8 billion because of insider trading. It’s still his, and he’s been spending it since he gave out his first big contract to Francisco Lindor, who became one of the most valuable players in the entire sport this past season, and did the most to carry the Mets all the way to the NLCS, and a tougher series against the Dodgers than the Yankees played in the World Series. Cohen wasn’t afraid to spend on Lindor, or Max Scherzer and Justin Verlander and he wasn’t afraid to cut his losses on Scherzer and Verlander in his own brand of a market correction. And now he isn’t afraid to hand out the biggest contract in the history of American team sports for Juan Soto.
From all published reports, Cohen thought almost until the end that he was going to lose Soto to the Yankees. Then he didn’t. He paid the most money and made all the right moves and now he wins Soto and the Yankees lose him and, yeah, because they still do keep score in sports, that’s what the scoreboard now says in New York, for everybody to see.
You are allowed to think it’s silly that the suite at Citi Field that Cohen threw in might have been one of the determining factors at the end, after the Yankees made it clear that they don’t do business with baseball players that way; think it silly just because of the money Cohen was already throwing in Soto’s direction. But what that showed is that Cohen, the hedge fund guy, might not have been hedging his bet on Soto, but sure was sweetening it.
Again: This is absolutely the kind of owner every sports fan wants, and everywhere. The Yankees were willing to overpay Soto to bring him back and put him back in front of Judge in their batting order. Then Cohen overpaid on top of their overpaying and now Soto will be hitting behind the great Lindor at Citi Field. Cohen threw in a suite on top of that. He and his wife, Alex, sold the Mets family as hard as they could. Maybe you think that shouldn’t have mattered either on a deal that will eventually go past $800 million when all is said and done. But if that had something to do with the Mets winning the day, well, that just means the Cohens were going to make sure they left it all on the field. So did Hal. In the end, Cohen had more “all” than the other guy did.
He does this, comes up as this kind of owner, at a time when the owners of the two football teams are as unpopular with their own fans as they have ever been, at any time in history. Johnson’s Jets are bad and the Giants are worse, at this point that feels like the lowest for them since they opened for business against the Providence Steam Roller in October of 1925. If this were Premier League football, the Giants at this point would be facing relegation.
This is first-generation money Cohen is throwing around, one hundred percent, same as Joe Tsai is doing in Brooklyn with the Nets. The Nets aren’t nearly where the Mets are right now. But they might be one of these days, and perhaps sooner rather than later. And Tsai’s New York Liberty just won a championship in the WNBA. None of this means that these rich guys are somehow more noble than the other owners in town. It just means that they both come to this having been on the line, and for a long time, Cohen in the world of hedge funds and Tsai with his Alibaba Group.
It is easier for Cohen to spend his money than the football guys and even the basketball owners, just because he can spend like it’s Fleet Week if he’s willing to pay a different kind of penalty in the form of baseball taxes. Now of course his head of baseball ops, David Stearns, has to figure out how to build a championship roster around Soto and his salary. It is a nice problem to have.
Mets fans are no longer conditioned — at least not for the moment, anyway — to believe that things are supposed to go wrong for them. Jets fans sure do. Giants fans still do. The Yankees are coming off a World Series, so it’s not as if Yankee fans are as mad at Hal as they were a year ago. The Knicks are headed in the right direction, but stay tuned with Jimmy D. if they don’t look like real championship contenders before this regular season comes to an end.
For now, though, Cohen is the big man in town. The way George was the guy once. You want to draw a line between them? There it is.
BILL WILL BE THE MAN AT UNC, OLE MISS CAN WHINE ABOUT TOURNEY FIELD & SILLY MONEY FOR FRIED …
I happen to believe that Bill Belichick is going to crush it in Chapel Hill.
Wondering if Aaron Rodgers would think the Jets are cursed if he had delivered in even half the games he had a chance to win in the fourth quarter this season.
Even for mid-December, that was a really bad loss for the Knicks the other night against Atlanta.
By the way?
Knick fans need to lighten up about Trae Young making his mock throw of the dice at the end of that game.
Or act as if he planted the flag at midfield after the Michigan-Ohio State game.
I very much hope the Mets keep the Polar Bear around.
It wasn’t Alabama’s out-of-conference schedule that kept them out of the tournament.
It was losing to Vanderbilt IN-conference and then having the same thing happen when they got rolled by Oklahoma when the Tide was a 3-touchdown favorite.
Let’s face it, SMU getting in, at the end, was like them getting a participation trophy for putting up a good fight in the second half of the ACC title game against a 3-loss Clemson team.
But you know who belonged in more than either ‘Bama or SMU?
Ole Miss.
In so many ways, Max Fried’s contract, money-wise, is as ridiculous as Soto’s.
Soto was in the right place at the right time because he had the Yankees and Mets fighting over him.
And then Fried was in the right place at the right time when Steve Cohen won the Soto fight.
And so it goes.
How smart do the Royals look for signing Bobby Witt Jr. to that 11-year, $288 million contract?
Seriously? What do you think Boise State’s record would have been in the SEC?
I don’t know where Alex Bregman is going to end up, but he is one of the toughest and best ballers in the whole sport.
Say it again:
There has never been a costlier victory in history than Daniel Jones and the Giants beating the Vikings a couple of years ago.
Incidentally, it really would be one of the great ironies of all time if the Giants end up going after Jones’ new teammate, Sam Darnold, when this season is over.
Gee, after all the things Brian Cashman has said over the years about the Astros, why wouldn’t they want to make a big deal with the Yankees?
Quin Snyder is reminding everybody in Atlanta what a good NBA coach he is, and has been for a long time.
People keep saying, well, yeah, but Soto will be a DH in a few years.
David Ortiz was a DH.
How’d that work out for the Red Sox?
There are very few big deals the Yankees make at this time of year that don’t have them halfway to the Canyon of Heroes.
You know what we call the pitch that Devin Williams, the new Yankee closer, threw to Pete Alonso in the playoffs?
An Aroldis Chapman.
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