MONDAY: ESPN New York's Adam Rubin has the breakdown of Lyon's contract. He'll earn a $750K base salary, and his contract has incentives for appearances, games finished and time spent on the MLB roster.
Lyon will receive $100K for reaching 40, 45, 50 and 55 appearances. He'll receive $125K for reaching 60 and 65 appearances. He'll receive $50K for finishing 30, 35, 40, 45 and 50 games. He will receive $100K for 1, 30, 60 and 90 days spent on the roster. Lastly, he'll receive $125K for 120 and 150 days on the roster.
All told, Lyon's contract could total $2.3MM if he hits each of his incentives. That seems unlikely, as he doesn't currently project as New York's closer.
FRIDAY: The Mets announced they have officially signed free agent right-hander Brandon Lyon to a one-year deal. Meister Sports Management represents Lyon, who will earn a base salary of between $750-$900K, according to Ken Rosenthal of FOX Sports. The total value of the deal will be worth $2.4MM if Lyon hits his incentive bonuses (Twitter links).
Lyon, 33, split the 2012 season between the Astros and Blue Jays. He posted a 3.10 ERA with 9.3 K/9, 3.0 BB/9 and a 37.5% ground ball rate in 61 innings of relief work. The 11-year veteran averaged 90.2 mph with his fastball. Lyon earned $5.5MM in 2012, but the terms of his deal with the Mets are not yet known.
The Mets have added a number of relief pitchers on minor league deals this winter, as MLBTR's Free Agent Tracker shows. Scott Atchison, Tim Byrdak, Pedro Feliciano and LaTroy Hawkins are also candidates for the New York bullpen. Frank Francisco is expected to close for the Mets (though be sure to follow @closernews in case anything changes).
Lyon drew interest from several teams before completing his deal with the Mets. The Giants had interest and the Blue Jays never ruled out a reunion.
Jon Heyman of CBSSports.com first reported the agreement (on Twitter) and Andy Martino of the New York Daily News first reported the sides agreed to a one-year deal (on Twitter). Steve Adams also contributed to this post.