Tag Archives: splurge

Mets will pay roughly $111M, more than 10 MLB teams’ payrolls, in luxury tax penalties after offseason splurge

Mets will pay roughly $111M, more than 10 MLB teams’ payrolls, in luxury tax penalties after offseason splurge

You can criticize New York Mets owner Steve Cohen’s approach. You can bemoan his seemingly unlimited budget and post a thread on Twitter about how this is “bad for the game.” But you can’t deny one thing: Cohen desperately wants to win. After signaling in March that he didn’t care about the luxury tax, Cohen has backed up that assertion this offseason. With the reported signing of Carlos Correa on Wednesday, the Mets’ offseason spending splurge jumped to an unfathomable $806.1 million. As a… Source link

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U.S. Black Friday shoppers tapered online splurge, as some returned to stores

By Arriana McLymore and Richa Naidu    RALEIGH, North Carolina (Reuters) – U.S. shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers’ efforts to encourage earlier holiday purchases.    For the first time ever, spending online during Black Friday – traditionally one of the biggest shopping days of the year – fell, reversing the growth of recent years, according to data from… Source link

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