The eight-time All-Star received the ban for a second failed PED test, and he'll forego his $24-million salary in 2021.
"Spend it on players, bullpen cart can wait," Cohen wrote on Twitter when a fan asked him about the team's plan for the money that was set aside for Cano next season.
Cano hasn't talked to the Mets about the suspension nor issued a public statement, according to Jon Heyman of MLB Network.
The Mets have reportedly been linked to several high-profile free agents, including star slugger Marcell Ozuna. New York is also one of the teams connected to a potential trade for Cleveland Indians shortstop Francisco Lindor.
Right-hander Trevor Bauer, who's a free agent after winning the NL Cy Young, is arguably the best player available. His agent approved of Cohen's tweet: