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Steven Cohen

CEO & Founder, Point72

Search every verified Steven Cohen interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Steve Cohen, owner of the New York Mets, recently discussed the team’s disappointing 2026 season and his plans for improvement in several media appearances. He described the year as “pretty frustrating,” noting that the team missed the playoffs for a second consecutive season. Cohen said he has been working with the front office, led by president David Stearns, to identify areas for improvement and has indicated that he plans to add new voices to support Stearns, though he noted that these additions would not necessarily be a general manager. He also expressed support for celebrating the team’s history, mentioning recent jersey retirements, and said he remains open to fan feedback, which he receives via emails, texts, and in person. Cohen also addressed his philosophy on team building, emphasizing a preference for developing homegrown talent through the farm system over relying on free agency, which he called a“negative expected value game.” He compared the team’s performance variance to running an investment portfolio, noting that higher risk can lead to larger upsides but also bigger downsides. He expressed optimism about the development of young players and the potential return of key players like Juan Soto and Francisco Lindor to full health next season. Regarding labor uncertainty, Cohen said he did not expect major changes next year and that the team would make decisions before December 1st if possible.

Recent appearances

Notable quotes

“I said I'm never going to have a captain and I'm probably never going to have a captain okay because I find that a very inflexible approach once you name one it's really hard if things change to you you're not going to be able to change that and so I I believe in locker rooms evolve year to year and you let it happen naturally and and as opposed to picking out one player and so um that that's my approach. Captains ar”

“Yeah, I think we have to acknowledge that there's more likely than not going to be a transition period, and if you have a shorter-term contract, a percent of that contract may be with that player adjusting to New York. And so, I think we have to consider that. I think that's perhaps a learning of ours. It doesn't preclude us signing shorter-term deals, but you know, there may be opportunities to get players, and we m”

“I equate it to running a portfolio. The more risk you take in a portfolio, yeah, you can have major upside, but also your downside can be bigger and so that you can have bigger variance in results. And I think that's what happened here.”

“Free agency is a negative expected value game. It just is. So if you got to constantly dip into free agency and you do it enough, that can come back to bite you. And so I've always said the goal is to create a sustainable farm system that's producing players like we did this year.”

“I equate it to running a portfolio. The more risk you take in a portfolio, yeah, you're going to have a major upside, but also your downside could be bigger. And so you can have bigger variance in results. I think that's what happened here.”

“Free agency is a negative expected value game. Okay, it just is. And so, if you gotta constantly dip into free agency and you do it enough, you know, that can come back to bite you. And so, I've always said the goal is to create a sustainable farm system that's producing players like we did this year.”

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