The Mets have officially signed left-hander Jonathon Niese to a five-year extension with two club options, the team announced. The deal is worth $25.5MM, and the two options could push the total value to $46MM. Niese is an O'Connell Sports Management client.
The deal cover Niese's final pre-arbitration season, his three arbitration seasons and at least one season of free agency. He will earn $1.02MM this year, $3MM next year, $5MM in 2014, $7MM in 2015, and $9MM in 2016. The pair of club options offers the Mets the opportunity to keep Niese in New York for two additional free agent years.
Niese, 25, has a 4.39 ERA with 7.6 K/9 and 3.0 BB/9 in 370 2/3 career innings. He posted career-best strikeout (7.9 K/9) and walk (2.5 BB/9) rates during a promising 2011 campaign, but didn't pitch after enduring an intercostal strain on August 23rd.
This extension represents the biggest contract the Mets have agreed to under GM Sandy Alderson. It resembles deals signed by starters Derek Holland, Clay Buchholz and Trevor Cahill. However, Niese obtains less guaranteed money than Buchholzand Cahill, who had considerably lower career ERAs when they signed.
ESPN New York's Adam Rubin first reported that the two sides agree to the deal and later added details (on Twitter). Newday's David Lennon provided the annual breakdown (on Twitter). Ben Nicholson-Smith contributed to this post.