MLB’s Cohen Tax Strikes as Mets Owner’s Attempt to Topple Yankees & Dodgers in Their Own Game Backfires

As Forbes dropped the most valuable MLB franchises in 2025, the dominance structure is largely consistent. However, a different battle is brewing in New York, where Mets owner Steve Cohen’s attempt to challenge the NY Yankees and LA Dodgers in their own game has resulted in surprising repercussions. But before everything, don’t you wanna know who’s topping the list?

At the top, we have the New York Yankees, valued at a phenomenal $8.2 billion. They haven’t won a World Series in 15 years. But their brand and historical significance are enough to make them the most valuable MLB franchise. Sitting at number 2, we have the Los Angeles Dodgers, valued at $6.8 billion. They are backed by a high-profile offseason spending spree that landed them stars like Shohei Ohtani, Yoshinobu Yamamoto, Roki Sasaki, and Blake Snell.

The Boston Red Sox, with a valuation of $4.8 billion, hold the third position as one of the most iconic teams in baseball. Sitting in the fourth place, we have the Chicago Cubs. They are valued at $4.6 billion, proving that their devoted fanbase and market appeal remain firm. Locking in the fifth position, we have the San Francisco Giants, who are sitting at $4 billion. They are still thriving from the success of their golden years, despite a decade-long championship drought. And then comes the New York Mets.

Forbes Most Valuable MLB Teams 2025 List — What All 30 Clubs Are Worth. https://t.co/jbIWCu7Bov

— Russ O’Brien (@RussellTOB) March 26, 2025

Well, with a $3.2 billion valuation, the NYM never fails to stay at the top when it comes to making headlines. But not for the right reasons always. Mets owner Steve Cohen, who is eager to outspend rivals, is driven by a revised luxury tax, also labelled as the “Cohen Tax,” to rein in excessive payrolls.

Strangely enough, this tax has hit the New York Mets harder than anyone. As a result, they have to pay over $200 million as a penalty. Despite signing Juan Soto to a staggering $765 million contract, Cohen’s attempt to topple the Yankees and the Dodgers seems to have blown up in their face.

More updates incoming…

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