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The ‘Cohen Tax’ Doesn’t Scare the Owner It Is Named For

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The ‘Cohen Tax’ Doesn’t Scare the Owner It Is Named For

PORT ST. LUCIE, Fla. — Steven A. Cohen has been a Main League Baseball membership proprietor solely since October 2020. In that brief time, he has dramatically modified the trajectory of his workforce, the Mets, and its spending, the latter of which immediately led to a brand new league payroll tax nicknamed after him.

“Pay attention, I’m nonetheless new to baseball,” Cohen mentioned after strolling across the Mets’ spring coaching facility Sunday morning and pausing to satisfy with reporters. “I do know there’s a reputation for it. They name it the ‘Cohen Tax’ or no matter.”

He added later, “It’s higher than a bridge being named after you or one thing like that.”

For thus lengthy underneath the Mets’ earlier house owners, the Wilpons, the workforce languished within the Nationwide League standings and within the M.L.B. payroll rankings regardless of enjoying within the nation’s largest media market. However in Cohen, the hedge fund supervisor with a reported internet value of $15 billion, who purchased the Mets for $2.4 billion, the workforce now enjoys the richest majority proprietor in M.L.B. And its spending is beginning to replicate that actuality.

He overhauled the Mets’ once-lean analytics division, restored worker salaries to pre-pandemic ranges and opened his checkbook for proficient gamers.

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In Cohen’s first season, the Mets traded with Cleveland for shortstop Francisco Lindor after which signed him to a 10-year, $341 million contract extension. The workforce’s 2021 payroll, for luxurious tax functions, was $203 million, in response to FanGraphs — just below the primary luxurious tax threshold of $210 million. That led to a disappointing report of 77-85 and a fifth consecutive season out of the playoffs.

A yr later, Cohen has been intent on turning the Mets round and has pushed them towards the primary $300 million payroll in M.L.B. historical past.

After hiring Billy Eppler as basic supervisor, and earlier than the M.L.B. lockout started on Dec. 2, the Mets dedicated a mixed $254.5 million to outfielder Starling Marte, the outfielder and first baseman Mark Canha, infielder Eduardo Escobar and the star pitcher Max Scherzer. That despatched the Mets’ payroll to a league-leading and franchise-record $270 million.

M.L.B.’s different membership house owners seen. The present type of the aggressive steadiness tax started in 2003 and was meant to restrict runaway spending. However through the negotiations over a brand new five-year collective bargaining settlement, workforce house owners tried to make the luxurious tax system extra onerous whereas gamers pushed for the other, arguing its yearly progress had not stored tempo with membership revenues.

A concession the gamers ultimately made to extend the luxurious tax thresholds within the new settlement was the set up of a brand new, fourth threshold at $60 million over the bottom ($230 million in 2022) that might restrict the highest-spending groups, such because the Los Angeles Dodgers and the Mets. On Saturday, Mets outfielder Brandon Nimmo referred to as it the “Steve tax.”

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“Pay attention, $290 million is some huge cash to spend general and I’m OK with it,” Cohen mentioned on Sunday, including later, “I don’t really feel prefer it’s so confining that I can’t reside with it.”

Cohen mentioned the brand new tax mark — every stage has progressively steeper surcharges — wouldn’t cease him. Requested if he would surpass it, he mentioned, “I in all probability will.”

On Saturday night time, the Mets traded for the Oakland Athletics right-handed beginning pitcher Chris Bassitt, an All-Star in 2021. (Cohen mentioned he was “closely concerned” within the conversations with the Mets’ entrance workplace relating to the deal as a result of the executives included him of their talks.) On Sunday afternoon, the Mets reached a one-year, $4 million settlement with reduction pitcher Adam Ottavino. The workforce’s new projected wage is $285 million.

“He simply mentioned, ‘Preserve bringing me alternatives,’ in order that signaled to me that, if it got here alongside, be open-minded about it,” Eppler mentioned on Sunday.

Buck Showalter, who’s getting into his first season because the Mets’ supervisor after main the Arizona Diamondbacks, the Baltimore Orioles, the Texas Rangers and the Yankees prior to now, mentioned Cohen was curious and targeted on profitable. “I’ve had some house owners …,” he mentioned earlier than his voice trailed off. “He desires to win.”

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Cohen mentioned he wasn’t concerned within the labor negotiations however he was glad {that a} new deal, which was unanimously accepted by house owners, was reached so a full 162-game common season could possibly be performed.

Solely two groups — the San Diego Padres and the Dodgers — paid luxurious taxes in 2021. 9 of the 30 groups spent $92 million or much less in payroll. In accordance with The Related Press’s calculations, the $4.05 billion of spending on major-league payrolls in 2021 was the bottom in a full season since 2015. The median M.L.B. wage was $1.15 million, down from the record-high $1.65 million in 2015. Earlier than the pandemic, M.L.B. house owners ran an estimated $11 billion-a-year enterprise.

Large payrolls don’t all the time equate to championships, however when requested if he felt different house owners have been as devoted to making an attempt to win by spending, Cohen demurred.

“I can’t communicate for them,” he mentioned. “I’m not of their minds. I can solely communicate for myself. And I’m extremely dedicated to profitable, extremely dedicated to the followers. And that’s what I give attention to.”

With the brand new injection of expertise and money, the Mets seem poised to compete for a playoff spot. (Starting this season, the playoff subject was expanded from 10 to 12 groups.) The final time they made the postseason was in 2016, after they misplaced the wild-card recreation. When he took over the Mets, Cohen mentioned not profitable a title in three to 5 years could be disappointing.

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“All of it seems to be good on paper,” he mentioned of his squad on Sunday. “Exhausting to know what’s going to occur in actual life, proper? I’m trying ahead to an incredible season. I believe we’re going to be actually aggressive and we’ll see what occurs.”

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Former Pepperdine baseball coach Rick Hirtensteiner is new head coach at Oaks Christian

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Former Pepperdine baseball coach Rick Hirtensteiner is new head coach at Oaks Christian

Oaks Christian has hired former Pepperdine University head coach Rick Hirtensteiner as its baseball coach.

Hirtensteiner was head coach at Pepperdine since the 2016 season until a coaching change was made at the end of the 2024 season.

He replaces former major leaguer Royce Clayton, who resigned.

Hirtensteiner spent 25 years as a member of the Pepperdine coaching staff. He lives in Agoura Hills.

He inherits one of the state’s top pro baseball prospects in Quentin Young.

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Donna Vekic wanted to quit tennis in May. She's one win from an Olympic medal

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Donna Vekic wanted to quit tennis in May. She's one win from an Olympic medal

On the eve of the French Open in May, Donna Vekic had had enough. Her results hadn’t been great but it was more than that. Her energy and motivation had gone.

She told her coach, Nick Horvat, that she wanted to pull out of Roland Garros and that, at 27, she was thinking of quitting tennis altogether. She had thought about retiring two years earlier, following knee surgery, and she was back in that head space again.

The Croatian decided to have at least one more swing. She played that French Open, only to suffer a defeat to Olga Danilovic of Serbia in the third round that she described as “so, so painful”. After winning the opening set 6-0 and losing the second 5-7, Vekic squandered numerous break points in the third, and was broken when serving for the match on two consecutive occasions.

She then relinquished a 6-2 lead in the 10-point match tiebreak, losing 10-8. One set up against a player who had finished late the previous night, she again snatched defeat from the jaws of victory.

Two months on, Vekic, who has a phenomenally powerful serve and forehand, has upended that narrative. Back at the same venue for the 2024 Paris Olympics and ranked world No 21 (up from 40 before Roland Garros), she is into the semifinals and on the brink of a medal. This would be the biggest achievement of her career — her four titles have all been at the 250 level, the lowest rung of the WTA Tour.

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During this run in Paris, Vekic has taken out the Team USA flagbearer Coco Gauff, keeping her cool after the world No 2 had a lengthy exchange with the chair umpire and tournament supervisor over a disputed call. Vekic backed that up on Wednesday night against Ukraine’s Marta Kostyuk, winning a typically up-and-down thriller 6-4, 2-6, 7-6(8) to ensure she will play in a medal match.


More on Coco Gauff…


This Olympic run also comes on the back of her best result at a Grand Slam. She reached the Wimbledon semifinals a few weeks ago — getting two points away from the final — at her 43rd major. Only four players had ever reached their first semifinal after more attempts.


Vekic’s Wimbledon run took her within two points of the final (Mike Hewitt/Getty Images)

As ever with Vekic, who turned 28 in June, mindset is crucial. After beating Lulu Sun in their Wimbledon quarterfinal, 22-time Grand Slam doubles champion Pam Shriver offered a window into Vekic’s achievements. Shriver, who is on her coaching team, explained that the ability to “reset” after a tough moment has been one of the key mantras for Vekic during this period of success.

It’s not been straightforward — so outwardly emotional, her matches are rarely stress-free — but this is how Vekic defied the doubts to become a Wimbledon and Olympic semifinalist.

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Vekic was a hugely promising junior, and aged 16, she said she wanted to be the world No 1. She won her first WTA title, the 2014 Malaysian Open, at 17, and made steady if unspectacular progress for the next few years. After a few final defeats, it took until 2017 for her to win her second title — on the grass at Nottingham in the UK. She beat Britain’s Johanna Konta in the final, but then lost an epic to the same player at Wimbledon a couple of weeks later, 10-8 in the third set. It was an agonising defeat, but Vekic was showing her grass-court pedigree, and she cracked the world’s top 50 for the first time soon after.

The following year, Vekic reached the Wimbledon fourth round. Vekic said during last month’s Wimbledon run that she’s a “different person” from then, and has “matured more”. She ended 2019 at a career-high ranking of No 19 — now ranked No 21, she looks well set to beat that soon.


Vekic with the Nottingham title in 2017 (Jordan Mansfield/Getty Images for LTA)

Two years on, in January 2021, Vekic had knee surgery that kept her out until that year’s French Open. She thought seriously about quitting and at Wimbledon last month, she said, “Those couple of years were very tough. I didn’t think I was ever going to come back to the level that I even had last year.”

Vekic struggled on and got her reward at the Australian Open in January 2023 — though it ended in familiar heartbreak. Vekic battled to a second major quarterfinal, this time against Aryna Sabalenka, but appeared to freeze on the big stage. She served three double faults in the first game, nine in the first set and 13 overall, in what was a straight-sets defeat. Afterwards, she said that her serve “was all over the place”, before adding, with a rueful smile, “but I think mostly in the net”.


Vekic’s serve crumbled against eventual champion Sabalenka (William West / AFP via Getty Images)

That self-deprecation and sense of humour is an important part of the Vekic package.

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Fast forward to this year, and after an indifferent run of results came that reckoning at Roland Garros.

“I didn’t have any energy, any motivation to keep practising, to keep pushing. The last couple months, I gave everything for tennis, and I wasn’t getting the results I expected,” she said.

“It was a very, very tough moment, but they (her team) were all there for me.”

Back on the grass, Vekic reached the final at Bad Homburg, changing her usual routine by playing an event the week before Wimbledon. It paid off.

She instantly looked comfortable at Wimbledon. Propelled by a bruising serve and beefy forehand, she bludgeoned (and drop-shotted) her way to the last four. Her three-set defeat to Paolini was the longest women’s semifinal in Wimbledon history and one of the tournament’s best matches, lasting nine minutes shy of three hours.

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GO DEEPER

Jasmine Paolini beats Donna Vekic to reach Wimbledon final after knife-edge match tiebreak


Vekic’s ability to effectively employ the “reset” mantra defined her Wimbledon run as much as her tennis, and it’s been a key in Paris too. The Croatian actually pressed the reset button between Wimbledon and the Olympics, heading from London straight to the beach in her home country, where she could put the disappointment of the Paolini defeat behind her.

Against Ukraine’s Dayana Yastremska in the third round, Vekic gave up the second set having held a match point. She appeared to be slipping to another disappointing defeat. Instead, she came out and won the decider 6-1.

“She did a great job of resetting,” said Shriver, who travels with Vekic for the biggest events of the year, but for the Olympics is doing what she can remotely from her home in Los Angeles.

In the next round, Vekic said she was “freaking out” but then used a rain delay when trailing Spain’s Paula Badosa 5-1 in the second set to gather herself. Shriver told Vekic: “Just trust yourself on this one. You know how to deal with it.”

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By the time Vekic was in the quarterfinals, “She was just in that place where you want to be in the quarterfinals of a major, which is like with the blinders on,” Shriver said.

“And so Nick (Horvat, her main coach) and I were like, ‘We just sit back and let her do her thing’.”

Part of her thing is admitting that she does not have much of a poker face. Vekic’s emotions are almost always writ large, and even when up in matches, it feels as if she would rather be anywhere than on a tennis court. At Wimbledon, she recovered from breaking down in tears — from physical pain, rather than emotion — against Paolini to play a magnificently composed point when match point down, forcing a match tiebreak from a position in which she looked ready to crumble.

“She lets people know what she’s feeling,” Shriver said. “But that’s OK. She’s learned to use the time between points, and she’s letting the stress out and resetting.

“You have to apply those resetting skills at the right time. She’s doing really good things. It could be breathing. It could be anything.”

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Vekic’s tears at Wimbledon were caused by injury rather than emotion (Francois Nel/Getty Images)

One of Vekic’s most obvious and effective resets at Wimbledon came in the quarterfinal against Sun, the New Zealand qualifier playing with the obvious freedom of having nothing to lose. Vekic generally served brilliantly in the match, but when she served for the second set she hit five double faults — the second-most in a game by any player in Wimbledon history.

She reset, won the next game to take the set, and then won the first 13 points of the decider.

“I was so angry. I was so angry at myself,” Vekic said after the match.

“I was like, ‘No, this is not happening right now’. I could hear Pam shouting, ‘Reset, reset’. I was like, ‘Reset what?’.”

Vekic then laughed as she relived the fury she was feeling. She laughed again when asked if she had benefited from the new rules that allow players to speak to their coaches.

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“Probably not,” she said. “I told them to shut up five times during the match.”

Keeping the serve solid has been a priority for Vekic and her team. “We’ve talked about a lot of things that she can do, whether it’s hit the second serve first because she has an aggressive second serve,” Shriver said.

“Sometimes ‘up, up’ is a team mantra on the serve because if you’re not going up after it that’s not good. She’s getting to the point where she can do a lot of this on her own, as long as she has the clarity.”


Vekic recovered from a disastrous service game against Lulu Sun (Mike Hewitt/Getty Images)

This is where the emotional element comes in, with the mental stresses of a match affecting the serve like no other shot. Shriver, who reached eight major singles semifinals and one final, but couldn’t get over the line, can relate. “If it gets too emotional, then it’s hard to be clear,” she said. “And I know that 100 per cent because I was very emotional as a player. And I look back and I’m like, ‘Dang, that definitely hurt me’. I let the emotions have a domino effect.”

Vekic was able to resist that domino effect against Gauff. After going 4-2 up on that disputed break point, after which Gauff had a lengthy discussion with the chair umpire and tournament supervisor, Vekic quickly went down 0-40. After missing one serve, the crowd booed, still feeling aggrieved for the American. “It’s not my fault,” Vekic said to herself.

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She saved the break points, and won that game and the next one to win the match.


More on Coco Gauff…


Vekic is always quick to pay tribute to her support team, led by her main coach Horvat. Shriver is a big admirer of Horvat too and said they work well together — speaking to each other during matches about who should send what message and when. They collaborate on opposition analysis, too, which starts as soon as the opponent is known. “But Donna’s the leader,” Shriver said.

That extends to Vekic and her team being straightforward about her previous shortcomings. “Part of the mindset training is like, ‘Don’t let the elephants in the room just go quiet’,” Shriver said.

“We’re addressing it a little bit more as a team.”

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Vekic stayed calm against Gauff to record a stunning win (Mike Hewitt/Getty Images)

Against Kostyuk late at night in Paris, Vekic had to summon every ounce of the advice Shriver, Horvat, and her team had given her. She led 5-1 in a scintillating first set, before being reeled back to 5-4. She double-faulted when serving for the set, but closed it out.

She hit another double fault up match point in the third set, and was broken when serving for the match at 5-4, and again at 6-5 (when she also missed a match point), after breaking the Kostyuk serve at 5-5.

She went 4-0 down and then 5-2 down in the third-set tiebreak. She came back again. She went match point down. She hit a return winner inside-out. And after some more back-and-forth, it was fittingly an ace, delivered with the serve that has hampered her in the past, that secured victory. Vekic was involved in the best match of Wimbledon against Paolini, and here she was part of the best of the Olympics so far.

Her matches are often so full of emotion and plot twists that they make Andy Murray’s seem positively chilled out.

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Always honest, Vekic is happy to admit that she doesn’t enjoy these big occasions. “No, not at all,” Vekic said at Wimbledon. “A lot of the times I’m like, ‘I just cannot wait for this match to be over’. It’s tough out there. Doesn’t matter if it’s first round, second round, quarterfinals, it’s tough to enjoy.”

She added: “The part that I do enjoy is playing on big courts with such an amazing crowd. That’s the part that I try to soak in while I’m playing. I have to always remind myself to enjoy it.”

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As for her coaches, Vekic said, “What I like about her (Shriver) and everyone in my team, they always say it the way it is. They don’t try to sugarcoat things. They’re very direct, which I really appreciate.”

On Shriver, she added: “She’s an amazing person, amazing mentor. I’m really proud to have her in my team.”

Twelve years on from turning pro, this one-time prodigy is making good on her rich potential. And having considered retiring less than three months ago, Vekic is now all in — at 28, there’s nothing to hold back for.

“There’s a point in your career where you’re no longer the rising youngster, right?” said

Shriver, who herself was a teenage sensation, reaching the U.S. Open final as a 16-year-old. “You’ve been around long enough. You know your body well. So now it’s like, ‘OK, it’s not like you’re trying to protect a future 15-year career’. This also means not over-celebrating her achievements. This is the life of a tennis player — no matter what peak you scale, there’s always another match and tournament.

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“She may well have other unbelievable opportunities. But the only one we want to concern ourselves with is this opportunity.”

Shriver was talking about Wimbledon but a few weeks on, those words are just as relevant to Vekic’s Olympics bid. All she needs to concern herself with is this opportunity. She is two wins away from a gold medal, which would have seemed impossible when she considered retirement at the same venue in May.

Additional reporting: Matthew Futterman

(Top photo: Patricia de Melo Moreira/AFP via Getty Images)

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Social media rages as Olympic boxer deemed to have male chromosomes wins fight in less than 1 minute

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Social media rages as Olympic boxer deemed to have male chromosomes wins fight in less than 1 minute

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Famed “Harry Potter” author J.K. Rowling and several others weighed in after an Olympic boxer deemed to have male chromosomes won a fight in Paris in 46 seconds on Thursday.

Algerian boxer Imane Khelif defeated Italy’s Angela Carini after Carini abandoned the match. Carini later explained she was hit hard and couldn’t compete anymore.

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Angela Carini reacts after she abandoned her fight against Imane Khelif at the Summer Olympics, Thursday, Aug. 1, 2024, in Paris. (AP Photo/John Locher)

But controversy swirled on social media as Khelif has been in the midst of a firestorm over gender eligibility questions stemming from a disqualification in 2023. Users on X ripped the decision to allow Khelif to compete.

Khelif was disqualified during the 2023 World Championships, sanctioned by the International Boxing Association. The organization said Khelif, and Taiwan’s Lin Yu-Ting failed to meet gender eligibility standards.

IBA president Umar Kremlev explained the decision at the time, according to Russia’s Tass News Agency. Reuters reported at the time that Khelif tested positive for having high levels of testosterone.

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Angela Carini jabs Imane Khelif

Imane Khelif, left, fights Angela Carini at the Summer Olympics, Thursday, Aug. 1, 2024, in Paris. (AP Photo/John Locher)

ITALIAN BOXER BREAKS SILENCE AFTER ABANDONING OLYMPIC BOUT AGAINST FIGHTER IN GENDER CONTROVERSY

“Based on DNA tests, we identified a number of athletes who tried to trick their colleagues into posing as women. According to the results of the tests, it was proved that they have XY chromosomes. Such athletes were excluded from competition,” Kremlev said.

Khelif and the Algerian Olympic Committee (COA) both denied the claims. The International Olympic Committee also cleared Khelif to compete in the Games.

After the fight, Carini, was heard yelling to hear coaches in Italian questioning the fairness of the bout. She then broke her silence about why she abandoned the match.

“I got into the ring to fight,” she said, via Italy’s ANSA. “I didn’t give up, but one punch hurt too much, and so I said enough.

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Imane Khelif with the ring coach

Imane Khelif interacts with a coach at the Olympic Games at North Paris Arena on Aug. 1, 2024. (Richard Pelham/Getty Images)

“I’m going out with my head held high.”

Carini’s coach, Emanuele Renzini, said quitting the match wasn’t a part of the plan ahead of time.

“It would have been easier not to show up, because all of Italy had been asking her not to fight for days,” Renzini said. “But Angela was motivated and wanted to do it.

“Of course, when she met her opponent at the draw, she said, ‘It’s not fair.’ But there was no premeditation here today. She quit after taking one punch, she told me she didn’t feel she could fight.”

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