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A-Rod & J Lo Drop Bid to Buy NY Mets ... Swing & A Miss!!!

Alex Rodriguez and Jennifer Lopez are callin' it -- reportedly ending their pursuit to buy the NY Mets after it became clear they were way too far apart on price.

As we previously reported, the power couple was looking for investors to buy the team for somewhere around $1.5 billion.

The current owners, the Wilpon family, were looking for something closer to $2.5 bil.

J-Rod had reportedly teamed up with billionaire investor Wayne Rothbaum to make a run at the team -- but there were 2 major snags in negotiations, according to the NY Post.