New York Mets owner Steve Cohen isn't planning to cut payroll despite the club setting a new luxury tax high of approximately $298.8 million in 2022.

Billy Eppler told the media that Cohen has already provided a "pretty close" idea of what the 2023 budget will be, with the idea that extra spending will act as a "bridge" to keep the Mets competitive until their farm system develops more depth.

"You want to keep as much of your talent as possible," Eppler said. "That's why Steve has said what he has said, which is: We'll use some financial strength to keep us out of that position so that we can build something long-term."