TODAY: The deal includes $52.5MM in deferred money, all without interest, Jon Heyman of MLB Network reports (Twitter links). $12MM in 2020, $13.5MM in 2021, $15MM in 2022, and $12MM in 2023 will all be pushed to the future. There’ll also be a $15MM deferral on the 2024 option, if it’s picked up.
The deferred money will be pushed back 15 years, per Ron Blum of the AP, which sets up a series of payouts beginning in 2035. Amusingly, and surely not coincidentally, deGrom’s payments will seamlessly take over the slot long occupied by annual payouts to former player Bobby Bonilla, Mike Mayer of Metsmerized notes on Twitter.
Those extensive deferrals clearly reduce the true value of the contract, though the precise amount depends upon what discount rate is utilized. Bob Nightengale of USA Today tweets that the $137.5MM owed to deGrom in the future has been assigned a present-day valuation of $108.9MM, though it’s unclear what basis was used to reach that number.
YESTERDAY, 4:52pm: The Mets have formally announced deGrom’s extension.
“This is a tremendous day for Jacob, his family, our fans and the entire Mets organization,” Mets COO Jeff Wilpon said in the press release announcing the contract. “Last year, Jacob had one of the most remarkable seasons in baseball history and we are excited to be able to reward him. Mets fans can celebrate knowing their ace will remain in Flushing.”
7:36am: The Mets have agreed to terms on an extension with star right-hander Jacob deGrom, according to Andy Martino of SNY.tv (Twitter links). deGrom, the reigning National League Cy Young Award winner, is undergoing a physical today. The contract includes four years and $120.5MM in new money, as Ken Rosenthal of The Athletic first reported (Twitter links), with some of it deferred.
Earlier this year, deGrom agreed to a $17MM arbitration contract for the 2019 season. That effectively remains in place, though it is now restructured as a $10MM signing bonus and $7MM salary, Joel Sherman of the New York Post reports on Twitter. What would have been deGrom’s final arbitration season, 2020, will be locked in at $23MM. He’ll then earn $33.5MM in each of the next two seasons and $30.5MM in 2023 — if he does not first opt out. The option-year value is $32.5MM, ESPN.com’s Jeff Passan tweets.
If indeed a deal is finalized, it’d bring an end to a long-running and rather fascinating saga regarding deGrom’s future. It was just last summer that deGrom’s then-agent, Brodie Van Wagenen, was advocating that the team either work out an extension or trade the ace right-hander. In a cinematic twist, Van Wagenen became the Mets’ general manager last fall, recusing himself from direct extension talks with deGrom while the pitcher chose to remain with the same agency (CAA Baseball). (That recusal concept was evidently of rather limited scope, or has since been modified or waived, as Sherman tweets that Van Wagenen was personally on hand for the final negotiations.)
The sides held preliminary talks at the Winter Meetings, but then a lengthy silent period ensued. After agreeing to a 2019 arbitration salary, which included a record-setting $9.6MM raise, the deGrom camp put an Opening Day deadline on talks, so the clock was ticking. It seemed hopeful as camp opened that a deal would materialize, but the more recent vibe was much less promising. But Andy Martino of SNY.tv tweeted yesterday that talks were still ongoing, with Michael Mayer of MetsMerizedOnline adding on Twitter that there was some forward progress toward a deal.
As it turns out, the sides lined up on a contract that understandably includes some concessions in both directions. deGrom will turn 31 this June and was not set to reach the open market until the conclusion of the 2020 campaign. Compare that to Chris Sale, whose recent extension came just before his 30th birthday and entering his final season of contractual control. (Of course, the lefty was also coming off of an injury-limited second half to the 2018 season.) Sale’s contract provided five seasons and $145MM in new earnings; he’ll pitch the entire final season of that deal at 35 years of age. deGrom receives a slightly higher AAV, even though the first new contract year covers an arb-eligible season, and will celebrate his 35th birthday in the middle of his final guaranteed season (if he hasn’t already opted out).
Both of those outstanding hurlers might have found greater riches in free agency. Sale would’ve been the top arm available this coming winter, while deGrom surely would’ve been among the most desirable free agents of the 2020-21 offseason. Zack Greinke had already turned 32 when he secured a six-year, $206.5MM deal with the Diamondbacks. But that deal seemed an outlier when it was signed and the market has since shifted. Clayton Kershaw hadn’t yet turned 31 and had produced nothing but excellent results when he re-upped with the Dodgers last fall, but settled for a three-year pact after experiencing back issues and peripheral declines.
There’s also ample risk in pitching a full MLB season, so extensions have generally lagged free agency in value to a greater extent than is the case for position players. A few still-youthful hurlers nearing free agency have secured bigger money — Kershaw didn’t quite reach $200MM in his first long-term contract if you deduct his anticipated arbitration salary from that season; Stephen Strasburg secured $175MM over seven new seasons part-way through his final year of team control. But otherwise, the largest pitching extensions have gone to Sale ($145MM), Cole Hamels ($144.5MM), and Justin Verlander ($140MM).
[RELATED: MLBTR Extension Tracker]
For their money, the Mets will secure the services of one of the game’s very best hurlers for most or all of his remaining productive campaigns. Never overly hyped as a prospect, deGrom’s early development was slowed by Tommy John surgery. But he emerged in 2014, earning a call-up to the majors and succeeding beyond any reasonable expectations. While he was never much of a strikeout pitcher in the minors, deGrom steadily maintained about a K per inning in his early seasons. He began ramping that up further in 2017, which was also his first 200-plus-inning campaign, but didn’t really take the next step until last year.
Entering the 2018 campaign, deGrom carried a 2.98 ERA with 9.7 K/9 and 2.3 BB/9 through 680 2/3 career innings. There had been a few health wobbles along the way but he was, by and large, a durable and thoroughly excellent pitcher. It seemed there wasn’t much more ceiling to reach, but he unquestionably found it.
Ramping up his velocity (96.7 mph average fastball) and increasingly shelving his sinker in favor of his two offspeed offerings (change and slider; combined usage of 40%) helped deGrom boost his swinging-strike rate to a career-high 15.1%. He drove his strikeout rate up to a personal-best 11.2 K/9 while maintaining a typically sparkling 1.9 BB/9 walk rate, cut back on the home run issues that had cropped up a bit in 2017, and induced nearly as much soft contact (25.2%) as he allowed hard contact (26.6%).
The results followed those impressive underlying numbers. deGrom finished the 2018 campaign with 217 innings of 1.70 ERA ball. Unsurprisingly, given the off-the-charts earned run outcomes, ERA estimators felt there was a bit of good fortune mixed in — but not enough to detract from deGrom’s excellence. He was credited with 1.99 FIP, 2.60 xFIP, and 2.78 SIERA.
Nothing is assured in this world, least of all when it comes to future pitching performance. But deGrom seems about as good a bet as any veteran hurler to keep producing into his mid-thirties. His ability to maintain top physical form will perhaps dictate the extent to which he can approach his newly established personal heights, but his multi-pitch arsenal and impeccable command seem to provide about as much of a floor as any starter.
The upside in the contract is plainly limited by deGrom’s age, but that doesn’t mean the Mets can’t hope to achieve good value. The organization will still retain a fair bit of payroll flexibility after the 2020 season, the final year of obligations to Yoenis Cespedes and a few other pricey veterans. deGrom knocks Cespedes off of the organization’s financial Mt. Rushmore, joining David Wright, Johan Santana, Carlos Beltran to make up the four largest contracts in Mets history.
Photo courtesy of USA Today Sports Images.
Awesome!
Mets are loukking gooodd mahn!
Even with injuries in ST one can’t watch that team and not see the talent literally everywhere.
catcher?
Yes, they have one of those and he is not bad at all, offensively and defensively.
Juciemane Ramos is a he cacther and he was an all star last year
Nooo!!! (Yankee fan)
On a serious note, congrats Mets’ fans.
It took the age of extension, for the Wilpons to extend their best player 😉 Still, never thought I’d see the day.
Downvote
Mindless, once again. I report all these posts.
Haha you are mindless. Stick to baseball.
I am, why these off-topic posts, replies to me?
You’re the worst one of all whynot.
Stop replying to me, and mlbtr apreciate any off topic posts, removed replied to me…
You are off topic once again
I mean, so are you. By pointing out he’s off topic, you’re not discussing the topic. How about we all stay on topic and stop making these boards a cesspool of idiocy.
myaccount, best comment of all time. Nominate this for mlbtr HOF
whynot, I think ur a Mets’ fan.
Jeff Wilpon the next 5 years:
https://twitter.com/NickSpano/status/1110532702728585216?s=20 (Click play button on GIF)
Isn’t that what your neighborhood friends said when you were being beaten up after the little league games?
Why not?
Off topic again
Whynot stop being a dope?
Off topic
Mike Yanker calling someone a DOPE… ha ha ha ha. Pot meet kettle.
Poster personifies his accusations.
Glad to see another superstar locked up thru his prime years. Another great one the Spankees don’t get!
It’s okay, Yankees still have a shot at signing Thor.
(Sarcasm, three years of Arbitration-control lol)
Off topic
BVW has the Wilpon’s spending money like we’ve never seen before.
Not really. Sandy Alderson became the accountant for the Mets, and eventually the long term obligations are coming off the books. It’s been stated repeatedly in the offseason that the Mets have lack of obligations starting next season.
This deal probably does not impact the payroll of this season, but structure his value from next season on.
Without factoring in the Cano’s cash thrown in from the Mariners, the Mets are still obligated with 92.4 million for next season (140.8 million next season after projected arb) and 37.2 million in 2021 (100.6 million after projected arb). Without factoring in the arbitration salary (as it is not guaranteed and based on uncertain future performance), it was not hard to fit deGrom’s contract in this extension. It’s just odd it took this long TBH, which might be a sign of the Wilpon’s nature.
That 140MM number is right in line with where they usually sit and that’s assuming no acquisitions next summer. but yeah, you’re right that’s not a crazy amount. I suppose next offseason would be the test of how much capacity they truly have since they’ll be right up on the line where they usually sit for payroll.
They’ve been in the 160’s the last two seasons.
Besides Wheeler and Frazier who comes off next season. It seems Conforto Nimmo and Thor will all go up and they’ll have to find a number three pitcher to replace Wheeler and Familias salary goes up 4 million so how are they losing payroll next year.I don’t see who is coming off their payroll to make that happen
Lagares, D’Arnaud, Vargas.
Omar had top three payrolls and screwed it up
Did he though? I think you are revising history a little bit. He took over a 90 loss team, and immediately got Pedro Martinez and Carlos Beltran to sign there. From 2006-2008 the Mets won 97, 89, and 88 games. His firing of Willie Randolph was handled terrible, but the Mets were a competitive team. How did Minaya screw it up?
Throwing money at Oliver Perez bidding against literally no one.
throwing money at Jason Bay (I bit on that one)
Trading Carlos Gomez to save Francisco Martinez in the
Fernando*
Johan trade
Enough with this myth that the Wilpons never spent money before. The Mets were in the top 7 teams in payroll from 2000-2011 and top 3 in 2007-2009. They don’t spend as much as the Yankees because the Yankees have done a much better job building their brand. Throwing money at player for the sake of spending does not make your team a winner.
Better stop it. You’re making sense.
That was 8 years ago now. Ever since he got swindled by Madoff he’s been running their payrolls like a middle of the market club. I mean if I got took for that much cash from someone else I can see why you’d want to rake in a little more from your largest investment. I didn’t say anything about throwing money at any player. Wheeler is a FA and Syndergaard could be extended. That’ll take more funds which is my point. It’ll be interesting to see what level he’ll go to. If you’re telling me it’s not wise to pay wheeler or syndergaard I’ll probably have to disagree unless their salaries are exorbitant.
The only big name free agent they let go in recent years was Daniel Murphy. When they have players that perform they keep them with a handful of notable exceptions (Tom Seaver, Darryl Strawberry).
The Nationals just let Bryce Harper leave but nobody accuses them of being cheap.
Because the Nats spend money. I don’t fault any team for not giving a guy 13 years and 330 million dollars. He rejected a 300 million dollar offer from them. And they’ll very likely be handing out a huge deal to Rendon at some point this year.
The Nats are spending over their heads. Have nearly 200 mil deferred for Scherzer, Strasburg, Sanchez, Dozier, Corbin – and this is before they try to retain Rendon.
They’re waiting for the MASN money to come in. They have under 160 on the payroll this season.
Jose Reyes
Fred won’t be able to get a payment plan on the next contracts though.
Hey Big-Wagon Wheel isn’t the first GM to get the Wilpon’s to spend money-sandy spent his share. See the amount that they pissed away on Cespedes as a perfect example.
The point is that there is never a sustainable spending plan so the valleys are painful and the peaks is when they typically throw it away.
Make NO mistake about it: THEY WERE FORCED to do this deal, plain and simple. Fans were walking away and the team was in revolt.
YES YES!!! There’s a Wagin Wheel!! We’ve waited for this
Congrats Jacob. Unquestioned leader of the New York Metropolitans
Great news for Mets fans
shock face
long over due!!
Cmon AA and Braves FO, get to work on your own young stars! This keeping your fanbase in the dark is beyond OLD..
Acuna doesn’t even have a year of service time yet. Albies isn’t that far ahead of him……
There’s really no core piece that close to free agency. Folty won’t hit FA until 2021, so there’s plenty of time.
lol braves fans worry? you guys have an embarrassment of prospects its like an endless supply and they all pan out. id kill for my mets to be able to spit out stud after stud.. AA is a smart gm he will lock in these studs
Yes!
It’s a 35/yr 200M contract
Oh, so almost like Bonilla, it worse.
You mean Bobby bonilla’s deferred cash who cares it was done as a favor to Bobby
Bobby Bonilla ?
Yes. He was a baseball player from awhile back. Google it.
Degrom deserves this for sure. A very underrated pitcher, now all he needs is some run support.
That underrated player just won the Cy Young award which mind you is voted on by several geezers who value Wins as a stat for pitchers. And he only had 10 of those. deGrom is awesome and the world knows it
DeGrom is a guy you just know that no matter what he’s leaving it all on the field.
Mets probably had to do something while sitting on a plane waiting to go to Syracuse….
I reported it first!!! Now I’ll go get the deets and report back. #first
Great news for all us Met fans! Congrats to Degrom well deserved!
5 years/$137.5 mil. Not bad. Congrats Mets fans.
Why give a pitcher with 2 years left of team control $140 million?
This could blow up in their face.
Cause in the next two years of arbitration it’s going to cost them 39 million anyway and every other team has their number one guy signed why would we have ours?
Or they could have the best pitcher in baseball locked in for years to come. You do this deal every single time.
It’s boogaloo guys, he’s not exactly the most objective person.
Of course it could blow up in their face but the same thing could be said about any multi year deal with any player. So your point is…
Not saying it’s the worst deal ever, but it was foolish for the Mets to do this now. DeGrom had little leverage. He is coming off an incredible season that he won’t be able to match.
For some comparison, Kershaw’s last 2 seasons are similar to DeGrom’s average season. He received an open market 3/$93mm for his age 30-32 season. DeGrom just signed for roughly 3/$100mm for his age 33-35 seasons with an opt out while he was 2 years away from hitting the open market. Most smart investors like to buy low and sell high. This move feels like the Mets are buying high.
Why would you say that ?? Starting pitchers are a safe bet. They never get inured.
As an Angels fan I beg to differ haha
This eats the 2 years of arbitration so not as big of a deal
So what does this mean for Syndegaard? Think they go for it next 2 years then trade him?
Good deal for DeGrom, worth it
Syndergaard should get a shave and a haircut. He looks awful with long hair and a beard.
As long as he pitches well who cares what he looks like
What? Is this 1950? Why do you care about another man’s grooming habits?
Syndergaard could have a haircut like shemp. If he’s pitching well no one cares
So much for all of the whining of “why won’t the Mets just pay the man”. That had been going on the last couple of days. This was going to happen , whining or not.
hindsight2020forprez
It’s going to keep happening up until the point that the Mets spend the same money as the Yankees. Doesn’t matter if the money is being spent well or not, as long as the Yankees have a payroll that is $1 more than the Mets it means the Mets are being cheap.
That is a ridiculous mischaracterization. There has been quite a bit written about the Mets and their finances. It gets muddled because of how everything is divided with the club v. SNY v. other monies. On top of that though is the complete unwillingness of the front office to re-invest the pocketed insurance money of David Wright and more recently Cespedes. This article touches on that, but that is just the tip of the iceberg in regard to the financial rangling from ownership to meet their financial obligations.
https://www.cbssports.com/mlb/news/the-david-wright-insurance-mess-is-a-perfect-reason-why-mets-fans-deserve-better-from-ownership/
The Mets owe *a ton* of money that has been refinanced and kicked down the road, but the balloon payments to cover that refinancing are no joke. The only way the shifting of money was possible was because of the value of SNY, which is leveraged to the hilt to cover the mismanagement of the club. This isn’t a Yankees v. Mets problem…this is a looooooong-standing problem that should have come to a head after the Madoff scandal, but Bud Selig protected the Wilpons and even lent them money to cover basic payroll (!). Too bad Manfred picked up where Selig left off and he continues to ignore the financial mismanagement of the club.
The Mets weren’t lent money by MLB to cover payroll, and their debt problems have greatly declined and is why their payrolls are now in the 160’s.
It’s about time. For at least three years they’ll have their top two locked up.
Chris sales AAV for his extension set the bench mark for degrom’s. The Mets did what they had to do so good on them
Is it 4 years with one additional year available as option?
2019 – 17 mil , 2020 – 23 mil , 2021 – 33.5 mil , 2022 – 33.5 , 2023 – 30.5 , 2024 – 32.5 mil
Or is it just discrepancy in value for 2023 as option year?
Edit
Apparently reported he can opt out after 2022. Leverage for deGrom for revisiting contract later I guess.
2023 isn’t option year. 20124 is. The deal is really a 4-year extension with 5th year team option.
2019 salary was already in place – it’s just being distributed differently.
Paging Michael Yankee….
Mikey boy will be taking his meds today and being a good boy by staying quiet.
Hey whynot—stealing others lines about you? How pathetic. You are a wimp.
Why not had his computer privileges taken away today, so there are no posts. His father may restrict his access going forward because he is “sick and tired of the brat’s nasty ways”.
Mikey congrats!! They let you back online at the group home
Mike, give us some Wagon Wheel or maybe a Mutt and Jeff. Come man!! Show us how cool you can be
Maybe he is like Beetlejuice….you have to say his name 3 times.
if you all though these last couple offseasons were boring, wait for these next ones. lol no ones a free agent anymore
Seriously lol
What happened to all that talk about collusion?
You and I both know that prior to recent market trend deGrom would have received a lot more (Sale too). Players are more accepting less overall money/length of contract with some comfort in AAV for top talent mainly (some positions etc). Otherwise mid to lower level players (esp veterans) have been hit substantially more. Players who might have been guaranteed years and pay are settling for minor deals too
A market change does not equate to collusion. If there was collusion players wouldnt get these extensions. Owners would willingly let them hit the open market where they could get them for much cheaper, due to said collusion. Mid to lower level players are not valued much at all, and reasonably so, as teams can just pull the same production from their farm for a fraction of the price and chance they become a breakout star.
With these extensions, the stars that slip through and dont get extensions will be valued immensely (since they will be one of the only ones on the open market of their caliber due to every other star player and their grandma being locked up with extensions) and you will see big contracts being doled out to FAs again. Then, when managers try to all capitalize on this, they will again flush the market full and the rise of supply will drive the price down, like always, and then extensions will become more popular again. This cycle will probably continue until a new CBA changes the landscape significantly. Its not collusion, its economics.
*i said “ managers” trying to capitalize, think of agents. the players’ managers, not ball club managers
Collusion illusion delusion
The Mueller report put that to bed.
Well-deserved. NOT looking forward to watching him on OD vs. my Nats…
I’m starting to wonder if the whole free agency problems have to do with a gentleman’s agreement, of sorts, by the owners to scare their young stars into team-friendlyish extensions.
The older you are and the less money you’ve made over your career it just doesn’t make a lot of sense to risk it anymore. If arrieta would’ve signed an extension after his CY young season he would’ve been a hell of a lot better off right now. When you have 135MM on the table now I can see why it’s enticing to take it instead of trying to squeeze out more. I don’t think many pitchers want to go to FA at >32 at this point.
Hey at least Arrietta got a somewhat strong deal in FA..look a Keuchel.
Well done on both sides. No playing media games or taking public stances. He’s earned this. I like how teams are locking up their true stats (Trout, Arenado, etc.) and not dragging out their fan base and playing games. It’s also good for the next tier free agents because they don’t have to wait for tool agents playing one team against another and dragging things out. I like to see teams doing ‘logical’ signings and avoiding all the head games. Good for everyone involved from the fan base to players to front office. Lock ‘em up, take out big insurance policies “just in case” and move on to your next need. Two thumbs up!!
Good deal. More than I expected. In essence, DeGrom is eventually making more than Bryce Harper annually. If ever even comes close to last year’s performance again, this deal is great for the Mets.
He hasn’t been the same pitcher since he cut of his hair. I’m betting his GF made him do it.
Sampson? Delilah?
Yea. He’s been better.
These 30+million per year contracts for starters are getting out of hand. You don’t think they could have gotten him for 20/year?
No
it is 27.5, not 30. That’s 12.5 million difference over the life of the contract. Still a boatload of money, but why not call it what it is?
As a Phan, I think this is great for the Mets..I really love seeing teams make the effort to keep their stars long term..
Man, the NL East is gonna be a dog phight.
Is it even possible for 4 teams to get close to 90 wins in the same division?
It is going to be a battle.
I live across the river from some casinos….I wonder if there is an over/under on how many games Kapler keeps to his word about keeping the batting order Cutch, Segura, Harper, Hoskins, JT?
I agree that The Gabe is the wild card here!
Probably.
The redsox (108) yankees (100) and rays (90) we’re followed somewhat closely by the Jays (73) towards pulling that off last year. Jays weren’t as good as anyone in the NL east is expected this year (ignoring the irrelevant marlins).
Redistribute a few of those wins, and you can see its possible for 4 talented teams to pull it off – so long as they clean up in interleague and outside the division.
Not really. Mets 83 wins through entertaining with all of the drama.
Now extend Nimmo, Conforto, Wheeler and Syndergaard though I’m not holding my breath there
Wheeler has indicated that he wants to test the market waters.
It is so easy when it is not your money…
Probably could’ve gotten more on the market
He’s great, but a little too old and a little too risky for me personally to hand out an extension. If I still wanted him when he hit FA, I’d take the hit then and cough up the money.
Somewhere MikeYanks55 is crying on his pillow.
Yes I’m a Yankee fan who has questioned Mets management’s will to win but I must say that they stopped up big time with this signing and Jacob DeGrom seems to be a great guy who is very deserving of this. I have to wonder if Thors statements and the reports that he was talking for much of the Mets team might’ve pushed the Mets management to do this. Either way great deal for the Mets and for DeGrom
There is no way that Thor’s comments had anything to do with this extension. These things take much longer to iron out. If anything, Syndergaard should feel stupid now for making those comments.
You say that but as of the 23rd DeGrom was not overly optimistic a deal would get done.Look you might be right but if The Mets offered him this contract last night. he could’ve agreed in principle and they let it out to the press and now they are hammering out the details.It doesn’t take that long to agree to a sum. If they said the amount and the yearly amounts and no trade clause and we’ll work the rest out that would be enough and it would take no time at all
Dude you have no idea how those types of negotiations work. They are talking about investing well over 100 million on a pitcher, that process is going to be slow and methodical. Take into consideration the front office is now run by an ex-agent, if anyone knows how to run a negotiation it will be him.
Question if it takes so long how come in football basketball and hockey teams sign players the day the free agency period begins. You guys are so sure they can’t do it that quickly and yet if they started before the period begins it’s illegal .I’m sure you guys can explain to me why they can do it in every other sport but in baseball its somehow magically a complicated and a long process.Just wondering.I guess those aren’t really big football contracts and basketball contracts btw how much does Lebron make I guess they aren’t complicated right. You are speaking out of your butt
Not really guy. The way NBA deals are structured it doesn’t take very long to iron out. The player goes to whatever team he wants to go to that can afford him. There are levels of max contracts in that sport. Nothing like baseball where a free agent is truly a free agent and has no cap on his earnings. In Football the contracts aren’t fully guaranteed and there’s a salary cap. There’s no NTC’s to iron out and you can only haggle over so many dollars in a capped league.
Now, do baseball contracts need to take 3 months to get done? No, some guys sign 2 days in. But there’s far more variability in the types of deals out there. Comparing that to the NBA or NFL is foolish. The MLB will always take much longer with how the rules are set up.
The Mets and Degrom had been in negotiations for weeks. The deadline to get a deal done was a mutually imposed Opening Day.
Of course it could be done fast, it happens, Severino’s extension is probably an example. However, when you are talking about extending at 30 year old pitcher for well over 100 mil things will happen slow as they should.
In the NBA contracts are pretty much standard so the amount of money to be offered is just about predetermined. In the NFL, teams have been working towards that signing period for weeks, knowing how much they have to spend, they have prepared possible offers just about every player they are interested in that work within the confines of their cap room.
There will always be exception to the rule, but for the most part negotiations are not done on a whim. My butt has spoken…
Joel Sherman reported Brodie and Wilpon had negotiations with DeGroms people Monday resulting in the deal. Thor made the statements on Sunday. Case closed.Also note all Met fans that Brodie was involved in the negotiations something that Met fans have constantly said he wouldn’t do. Waiting for your apologies
Keep waiting
Willie Mays,Yankee Fan?Why not Mickey Mantle?
Growing up I was a Giant fan a Willie wamy guy and also Stretch Mccovey the Dominican Dandy Juan Marichal and Jim Ray Hart and Bobby Bonds.However when Mays left the Giants it was so difficult to follow them from the East Coast prior to the internet and cable.I hated the Yankees especially Mantle and Jackson. Int he 80s the Yankees used to show 90-100 games on regular TV.I fell in love with the way Donnie Baseball played the game even tho the Yanks weren’t real good so I started rooting for the Yanks.I got lucky and Jeter et al followed
Wow, the Mets got a helluva better deal than the Sox just got on Sale. Sure, further away from free agency is usually a big risk that lowers a pitcher’s extension earning power, but Can you really say that two years of injury risk for deGrom is higher than one year of injury risk for Sale? I love Sale, but after his second half of shoulder problems, it’s no contest.
Your leaving out the fact that DeGrom is looking at about 25mill in arbitration next year with a decent season and is far lessof an injury risk then Sale.If Sale gets injured again this year no one would blink. If DeGrom gets injured it would be far more shocking. Age is not the only factor a pitchers injury history is far more important.Look at Verlander.
DeGrom’s injury history is more checkered than Sale’s. DeGrom has already had multiple surgeries to his pitching elbow, while Sale has never gone under the knife. Sale has also averaged 200 innings/season since 2016, while DeGrom has averaged 189 IP/season.
How much differed money? Like Bobby Bonilla differed?
what is ‘differed’? disagreed money?
Yes, he must have meant disagreed money. Why bother?
He meant deferred. What the heck is disagreed money.Money that doesn’t agree with you
I think this is a fair deal for both the Mets and Degrom….that being said the Mets will fiinish 3rd… 10 back have a great summer Mets Fans….
I’m prolly in the minority on this but i think the mets should have waited a year. Who is jacob and his agent to say extend or trade me? I think it was a bad move. I also think the sale and verlander extensions were bad moves so maybe i know nothing. I don’t think extending with time on the clock is a good thing.
The Mets have a credibility issue and the Wilpons love to do what everyone else is doing. Yeah they probably should have waited until this off season but these are the Mets….
They should have traded him but I guess the aav being lower could help in trading him. They will struggle to win this year (imo) and will sell similar to the Marlins after signing Reyes ,I believe, and others trading most by the deadline. DeGrom, Wheeler, McNiel, Cano, Conforto, Diaz and a few others will bring alot back.
There’s no need for a rebuild when they already have a core of good young players.
And they didn’t sign Degrom to an extension with full no trade clause to rebuild.
So Noah can shut up now?
Wow I thought they were a cheap team according to the trolls on here. Once they kicked Alderson to the curb, another one of those moneyball dumpster divers, they started to spend and build a strong team. Hopefully it won’t backfire.
glad they were able to get this done
The contract doesn’t make too much sense from the Mets perspective. With two years of arbitration years left there was really no reason to pay him this much annually. Essentially a 4yr/120mil extension if you don’t include this season.
Its about time…this needed to happen…this team needs to build around Nimmo, Conforto, Rosario, deGrom and Syndergaard….
Im thinking Wheeler is gone after the season…especially if he produces..
He will be looking at at least 5yrs $100mil and im not sure the Mets have the stomach for potentially 3 $100mil pitchers (Syndergaard with deGrom)
Bobby Bonilla Part 2
This sucks. This takes out a chance of Snell and deGrom being dealt in July. Kluber I’d say is the only ace gonna be dealt. Maybe Marcus Stroman.
Honest question, not snarky. When is the last time a team traded an ace while locked in to a playoff race? Has it ever happened?
Even before signing his extension, Snell was not going to be traded this season. Even before signing his extension, DeGrom was very unlikely to be traded this season. Kluber will not be traded this season.
I do expect Stroman to be traded this summer and he has a chance to be the best SP available, depending on what happens with Greinke and Bumgarner.
No interest!!?? Bobby Bonilla is laughing out loud!!!
I’m sure he’s been laughing for years, especially when he checks his bank account in July.
Yeah, I don’t get how he agreed to that.
What happens if the Mets were to go out of business say, in 2027.? Does deGrom still get his money? How?
Are those $$’s set aside now, say in an bank account specifically for that?
The likelihood of an NYC franchise in MLB going BK, and liquidating without paying its debts, is virtually zero. Someone out there wants the right to a NL club in Queens…
deGrom has 2 options: (a) wait 15 years for the $$ or (b) find someone who will pay him something today for the right to receive that money in the future. Based on the discounted total valuation, he should expect about $23.9mm today for that $52.5mm of face value payments. Of course, he’s get more for selling each year’s claim after he has pitched and earned it…
I know it’s not going to happen, I was just curious what would happen if it did.
You know there are this people known as attorneys, their job is to write legally binding pieces of paper called contracts, that address all kinds of contingencies
A baseball team going out of business isn’t a contingency that needs to be accounted for though. There’s always a buyer for a pro team and a new city looking to get one.
I said Bobby Bonilla Part 2 as a joke, but it turns out that’s literally what they’re doing. Fred will be long gone when these payments start rolling out. If deGrom doesn’t get a ring this is going to be embarrassing for a long long time.
The next wave of contracts will contain deferrals to be paid to Jean Luc Picard in Star Date 21225.8…..
I have to take back what I said earlier about this contract. With all of that deferred money, this is a good deal for the Mets.
Best part about having Wagener as GM is being able to explain to Clueless Jeff how to operate a real team.
Players need to be taught about inflation
Bobby Bonilla day will become Jacob deGrom day for years to come
How embarrassing. Rob Manfred should be ashamed for the sport that the rules allow such a mockery.
If they don’t have the money then too bad you can’t have the player. Contracts that are designed to be paid out over decades are just plain stupid.
I’ve always wondered if the player having $$ deferred into the future would get health insurance from the team because they were still on the payroll? Does anyone have insight on this?
Some extra pocket change before social security kicks in…..
As a Yankees fan this just feels good I hope all good YOUNG players sign extentions and since our ownership rather make money then win WS we won’t win and coupon saver sells the team you can’t be the bosses son an be a loser that just doesn’t want to win. All teams signing their own players because they have massive amounts of money from tv deals and the Yankees own the most profitable one and their cheap. The BOSS would be ashamed of his son. I just don’t get how greedy ppl can be when you have that type of money that you won’t spend in a lifetime unless your an idiot that is. Why do you need ,more at the expense of making millions of ppl happy and therefore spending more money on the team merchandise. Our team is constructed poorly no one can hit for average and we have so many guys that its HR or strikeout. We still don’t have an ace. And when he trade we get a 2nd baseman that we could use this or next year and we get another outfielder even though you guys say we have too many to even talk to Harper. Then Harper’s deal along with deGrom are just so team friendly and you guys complain about money. For the first time am doubting Cashman.
Hey 28-calm down-you sounds like a spoiled brat