New York Mets hit with record $101m luxury tax bill after fourth-place finish

• New York must pay nearly $101m for exceeding salary cap
• Mets finished fourth despite most expensive team in history

The New York Mets must pay a record luxury tax of nearly $101m after a fourth-place finish in their division, among an unprecedented eight teams that owe the penalty for the 2023 season.

Owner Steve Cohen's Mets finished with a tax payroll of $374.7m, according to figures finalized by Major League Baseball on Thursday and obtained by the Associated Press. That topped the previous high of $291.1m by the 2015 Los Angeles Dodgers.