The New York Mets paid more than $340 million to be a World Series contender. They didn't even make the playoffs

Five MLB teams spent more than $250 million on payroll this season. Only the New York Mets missed the postseason.

After a win against the San Francisco Giants on July 27, the New York Mets had 62 wins — tied for second-most in MLB — and a 96.8% chance to make the postseason, according to Fangraphs.

Two months and two days later, the Mets finished the regular season with only 83 wins. Not only did they lose their lead in the National League East division, but they also missed the playoffs entirely.

“Mets fans everywhere. I owe you an apology. You did your part by showing up and supporting the team. We didn’t do our part,” team owner Steve Cohen wrote Monday on X. “We will do a post-mortem and figure out the obvious and less obvious reasons why the team didn’t perform up to your and my expectations.”

He added: “We are all feeling raw emotions today. I know how much time and effort you have put into this team. The result was unacceptable. Your emotions tell me how much you care and continues to motivate the organization to do better.”

Cohen especially has to be feeling raw emotions after the collapse, considering he spent slightly over $342 million on New York’s roster this season, the second-most expensive payroll in baseball.