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Billionaire Steve Cohen enters exclusive negotiations to buy Mets, A-Rod's group bows out

Billionaire Steve Cohen is now in exclusive negotiations to buy the New York Mets, sources confirmed to Yahoo Sports Friday night.

According to David Faber of CNBC, it’s expected a deal will be finalized in the coming days.

The news means the group led by former MLB star Alex Rodriguez and fiancée Jennifer Lopez have dropped out of the negotiating process.

Steve Cohen has entered exclusive negotiations to buy the NY Mets and is expected to reach a deal to purchase the team within days, according to people familiar with the process.