Buster Olney is reporting that there is "no chance" that Pedro Martinez will become a Met. Olney says the Mets will stay with what they have at the fifth spot and will not entertain the thought of bringing Pedro back.
According to MetsBlog, the Mets are clearly cutting costs as evidenced by the release of Duaner Sanchez and there was little chance they were going to offer $5MM to Pedro. They add that for the same reasons, they don't see the Mets signing Ivan Rodriguez. MetsBlog would prefer Livan Hernandez as the fifth starter.
Earlier today we learned from Ken Rosenthal that Pedro is seeking a similar deal to John Smoltz. Other than the Mets, Rosenthal listed the Dodgers, Marlins and Indians as potential suitors.
Jon Heyman said that Pedro was possibly interested in reuniting with the Dodgers, but that the Dodgers have yet to show any interest.