Alex Rodriguez and Jennifer Lopez are reportedly actively exploring a bid for the New York Mets


Retired Yankees star Alex Rodriguez and fiancée Jennifer Lopez have retained JPMorgan Chase to explore a bid on the New York Mets, Variety reports. The Mets, based in Queens, are owned by the Wilpon family, which was negotiating a sale to hedge fund billionaire Steven Cohen late last year. That deal, which valued the Mets at $2.6 billion, fell through after Cohen tried to change the terms, Variety says, noting that A-Rod and J-Lo have a combined net worth of about $700 million.
Would Mets fans be happy if their team was owned by a former Yankee and a woman from the Bronx? As long as the Mets win, fans probably won't care. Former teammate Derek Jeter owns a stake in the Miami Marlins, for example, and his involvement in the team gives "the Marlins cachet and a former player universally respected in baseball," the Miami Herald wrote in 2017. A-Rod would also bring that, while J-Lo could add some glamour. Jeter announced Monday that he is foregoing his annual $5 million salary as Marlins CEO during the coronavirus pandemic.
When the Wilpons bought control of the MLB franchise in 2002, it was worth $391 million, Variety says, and along with the higher price tag, the new Mets owner will inherit annual losses of at least $50 million and a 2020 season that may not happen.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Gandhi arrests: Narendra Modi's 'vendetta' against India's opposition
The Explainer Another episode threatens to spark uproar in the Indian PM's long-running battle against the country's first family
By Harriet Marsden, The Week UK
-
How the woke right gained power in the US
Under the radar The term has grown in prominence since Donald Trump returned to the White House
By Chas Newkey-Burden, The Week UK
-
Codeword: April 24, 2025
The Week's daily codeword puzzle
By The Week Staff
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
By Peter Weber, The Week US
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US