WEDNESDAY: The Mets have been told they'll receive the Marlins' second-round pick for Reyes, tweets Ken Davidoff of Newsday. For losing Bell, the Padres will get an extra pick right before the Mets' second-round compensation pick (plus a supplemental round pick). I presume the Mets' pick from the Marlins can still be downgraded if the Marlins sign Pujols or Wilson.
MONDAY: The Mets will receive the Marlins' third-round pick as compensation for Jose Reyes, based on an article three days ago from ESPNNewYork's Adam Rubin. The Mets will also receive an earlier, supplemental round pick in the 2012 draft. Reyes agreed to a six-year, $106MM contract with the Marlins last night.
One might think that since the Marlins did not have to surrender a pick to the Padres to sign Heath Bell, the Mets would get the Marlins' second-rounder. However, an MLB official told Rubin that Bell's higher Elias ranking still pushes the Mets' Reyes pick to the Marlins' third-rounder. We'll have to see if Mets GM Sandy Alderson confirms, or even if MLB will make an exception given this strange situation.
At 77.249, Reyes was a lower Type A free agent, and the Mets' pick from the Marlins could be pushed back an additional round if the Marlins also add a higher-ranked Type A such as C.J. Wilson, Prince Fielder, or Albert Pujols.