Reports — MLB owners approve New York Mets sale to Steve Cohen

ARLINGTON, Texas — The proposed purchase of 95% of the New York Mets by an entity of billionaire hedge fund manager Steve Cohen has been approved by Major League Baseball’s ownership committee, and final approval is likely to take place in the next month.

Approval by the committee was disclosed Tuesday by a person familiar with the decision who spoke to The Associated Press on condition of anonymity because no announcement was made. Committee approval was first reported by Sportico.

Baseball’s executive council will consider the deal next and is expected to forward it for a vote by all major league owners. The sale values the franchise at $2.4 billion to $2.5 billion.

The current Mets ownership group is headed by Fred Wilpon, brother-in-law Saul Katz and Wilpon’s son Jeff, the team’s chief operating officer. The Wilpon and Katz families would retain 5% of the team.

Cohen first bought into

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Ranking the Chances for Every MLB Team to Land Trevor Bauer in Free Agency | Bleacher Report

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    Gene J. Puskar/Associated Press

    Trevor Bauer will be the most sought-after pitcher on the upcoming free-agent market, and his unique view on the league’s financial structure promises to make him one of the most compelling stories of the winter.

    The 29-year-old led the National League in ERA (1.73) and WHIP (0.80) while racking up 100 strikeouts in 73 innings to establish himself as the NL Cy Young favorite and then tossed 7.2 scoreless innings with 12 strikeouts in Game 1 of the Wild Card Series.

    In normal circumstances, he could make a run at the seven-year, $245 million contract that Stephen Strasburg signed with the Washington Nationals last offseason.

    Instead, Bauer has indicated time and again that his preference is to sign one-year deals for the remainder of his career as a means of maximizing his annual earning potential and ensuring he is suiting up for a

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