Who Should Steve Cohen's Mets Target Next with Payroll Nearing Unthinkable $400M?

One might say that the New York Mets have left nothing to chance with their offseason dealings, but that would imply that Steve Cohen is finished pulling from his $17.5 billion fortune to finance a payroll that's already in record territory.
What if he's not?
Even as is, the receipt for the Mets' free-agent shopping comes to a capital-G, capital-T Grand Total of $461.7 million. That's for six players with varying degrees of star power, headlined by three-time American League Cy Young Award winner and future Hall of Famer Justin Verlander on a record-tying $43.3 million-per-year deal:
- Re-signed CF Brandon Nimmo for eight years, $162 million
- Re-signed RHP Edwin Díaz for five years, $102 million
- Signed RHP Justin Verlander for two years, $86.7 million
- Signed RHP Koudai Senga for five years, $75 million
- Signed LHP José Quintana for two years, $26 million
- Signed RHP David Robertson for one year, $10 million
According to FanGraphs, it all adds up to a projected Opening Day payroll of $335 million that towers over the Los Angeles Dodgers' record-setting $280.8 million Opening Day payroll from last season. And if anything, it undersells what the Mets are set to spend.
Joel Sherman of the New York Post recently floated $400 million as a possibility for the Mets' expenses for 2023, and they're already kinda-sorta there. For luxury-tax purposes, they're slated to open next season with a $349.6 million payroll. That's far beyond even the $293 million barrier that they call "the Cohen tax."
The bottom line, as summarized by David Lennon of Newsday:
Say what you will about Cohen, so long as you don't say he's unserious about delivering the Mets' first World Series championship since 1986. He's not spending all this money just for kicks.
And yet the Mets still have more to do before they can declare themselves the winners of the 2022-23 offseason, much less the team to beat in 2023.
The Mets Haven't Yet Crossed Off All Their Needs

That the Mets have already done so much on the offseason market isn't exactly surprising, and for two reasons.
It just wouldn't have made sense for Cohen—whose net worth dwarfs every other MLB owner's—to take his foot off the gas after what befell his team in 2022. His $282 million investment in payroll did yield 101 wins in the regular season—but only one in the playoffs. Suboptimal, as they say.
Otherwise, suffice it to say that you can't not go to work when you stand to lose Nimmo, Díaz, Jacob deGrom, Chris Bassitt, Taijuan Walker and Adam Ottavino via free agency.
Cut to now, and the Mets have not only avoided disaster but also deflected it. Their rotation, in particular, is arguably upgraded even sans deGrom, Bassitt and Walker.
In putting up a 1.75 ERA as a 39-year-old coming off Tommy John surgery, Verlander effectively etched another line in his Hall of Fame plaque. Quintana had a 2.93 ERA in his own right, while Senga and his "ghost fork" were responsible for a 1.89 ERA in Japan.
With Díaz—who struck out 118 of the 235 batters he faced in 2022—back in the closer's role and Robertson there to set up, the bullpen also looks solid. The offense, meanwhile, consists of the same Nimmo-, Francisco Lindor- and Pete Alonso-led group that tied for fifth in scoring last season.
Nonetheless, FanGraphs' WAR projections for 2023 still put the Mets (51.3) a hair behind the San Diego Padres (52.2). Break it down position by position relative to the average projection, and the Mets' shortcomings are easy to spot:

The Mets are fine on the pitching front, but those red bars at catcher, third base and designated hitter underscore a general need for at least one more bat. Maybe two, given that Mike Puma of the Post isn't wrong to have doubts about the outfield.
For that matter, SNY's John Harper likewise isn't wrong in thinking that even the bullpen "still needs work." Because why settle for solid when lights-out is better?
If the Mets Want to Play It Safe

Though the Mets still have the option of plucking, say, Carlos Correa, Dansby Swanson or Carlos Rodón from the top of the free-agent market, let's assume for now that Cohen has already gone far enough to not go full "drunken sailor."
Fortunately, the next tier of the market still features two capable left fielders who would fit well on the Mets: Andrew Benintendi and Michael Brantley. Both are contact-oriented hitters the likes of which the Mets quite like, while Benintendi has the added benefit of being a Gold Glove Award defender.
If the Mets are comfortable shifting Jeff McNeil, the reigning National League batting champ, into a super-utility role, they could otherwise tab somebody else to play second base. To this end, Jean Segura and Adam Frazier are two more high-contact hitters with effective gloves.
Eduardo Escobar seems less well-suited for a super-utility role, but former Met Justin Turner would be a sensible target if they would rather have someone else at third base. He doesn't have much in the way of power anymore, but he can still do patience and contact.
Then there are various platoon options, including Brandon Drury, Evan Longoria and J.D. Martinez from the right side and Matt Carpenter and David Peralta from the left. Each was quite good against opposite-side pitching in 2022:
- DH Matt Carpenter: 204 wRC+ vs. RHP
- UTIL Brandon Drury: 160 wRC+ vs. LHP
- 3B Evan Longoria: 124 wRC+ vs. LHP
- DH J.D. Martinez: 175 wRC+ vs. LHP
- LF David Peralta: 116 wRC+ vs. RHP
As for relievers, Ottavino is still out there. But if the Mets would rather save money, Michael Fulmer might do just as well in the right-handed specialist role that Ottavino filled in 2022. Righty batters hit just .188 against the former Mets prospect last season.
If the Mets Want to Go for Broke

Yet even as unlikely as another seismic move may seem, at this point we should all know better than to put such a move past the Mets.
To wit, there are still persistent whispers that they are in on Correa:
This would require convincing Correa to move from shortstop to third base in deference to Lindor, yet the word last offseason was that he would be willing to make that move for the "perfect situation." With the right offer, the Mets could perhaps be that team.
Just think of a Correa-Lindor partnership on the left side of the infield. In addition to two of Puerto Rico's finest, they have six All-Star nods, three Gold Gloves and 339 home runs between them. They're also just 28 and 29 years old.
The Mets could otherwise kick the tires on All-Star center fielder Bryan Reynolds, who wants out of the Pittsburgh Pirates. Especially if they were to put No. 1-ranked catching prospect Francisco Álvarez on the table, the Mets could meet Pittsburgh's reported "[Juan] Soto-type" asking price.
Heck with it. Let's throw another superstar-caliber hitter out there: Rafael Devers.
The Boston Red Sox want to extend the slugging third baseman, but the frankly insulting offer they made Xander Bogaerts before he left for San Diego bodes ill for extension talks that haven't been going well to begin with.
Should the writing on the wall that Devers isn't going to stay with Boston beyond his walk year in 2023 get even easier to read, the Mets would be an ideal trading partner if the Red Sox decide it's time to go the Mookie Betts route. If not Álvarez, the Mets could dangle well-regarded (and, notably, MLB-ready) third base prospect Brett Baty.
If Correa and Reynolds are far-fetched ideas, then Devers is surely a farther-fetched one. Yet it doesn't seem like a reach to label the odds of one of these things happening as "non-zero." And, well, can anyone really blame us for thinking so big?
Cohen and the Mets clearly have the resources to make big things happen. And with him and team so firmly in the mood to make such things happen, it would be a disappointment if they stopped before absolutely nothing was left to chance.
Stats courtesy of Baseball Reference, FanGraphs and Baseball Savant.