The Mets have been a popular target for players and fans alike for years.
However, recent rumors that team president of baseball operations Sandy Alderson is in talks with MLB owners to renegotiate his deal have pushed the franchise’s valuation past the $2 billion mark.
The Mets are now the most underpaid team in the MLB.
“The Mets are the most financially overpaid team, by far,” writes Steve Zaku, a sports writer at the New York Daily News.
“The most overvalued franchise, in fact.”
In an article posted on Tuesday, Zaku listed the team’s overpaid contracts, which he said total $1.7 billion.
The Mets have signed some of the league’s most highly paid players.
Carlos Beltran, for example, has earned a record $155 million in his nine-year career, and he will turn 31 in October.
He is the second-highest paid player in the National League behind only Aaron Judge, who earned $210 million in 2016.
Another $65 million was paid to former teammate and Hall of Famer Robinson Cano, who is now the highest-paid player in baseball.
He also earned a $30 million contract extension.
The other team most overpriced, according to Zaku was the Yankees, who paid out $82.8 million over the past five years to Mark Teixeira and Justin Verlander.
They also signed David Price to a three-year, $58 million deal.
The Yankees have one of the most expensive payrolls in the majors, and the Mets are among the league leaders in overpaid players.
They are now one of only two teams that have less than $5 million in cap space left over after the 2019 season.
The Yankees have $80 million in payroll.