Orioles, Pete Alonso Agree To Five-Year Deal

The Orioles missed out on Kyle Schwarber yesterday but are getting their big bat today, as ESPN’s Jeff Passan reports that they’re finalizing a five-year, $155MM deal with longtime Mets first baseman Pete Alonso. The agreement is in place with only a physical yet to be completed, Joel Sherman of the New York Post adds. There are no deferrals or opt-outs in the contract, per MassLive.com’s Chris Cotillo. Andy Kostka of the Baltimore Banner adds that Alonso receives a limited no-trade clause. Alonso is represented by the Boras Corporation.

It’s the second major defection from the Mets in as many days. Edwin Diaz spurned Queens for a three-year, $69MM deal with the Dodgers just yesterday. Alonso now heads to the Orioles, with whom he had an in-person meeting this week. While bolstering the rotation has been the obvious goal for Baltimore all offseason, the O’s have also been in pursuit of a major upgrade to the lineup. They offered Kyle Schwarber the same five-year, $150MM terms to which he agreed in his return to the Phillies and have now pushed incrementally further to give Alonso a record-setting average annual value for a first baseman over that same five-year term.

Alonso, who turned 31 over the weekend, famously rejected a reported seven-year, $158MM extension offer from the Mets back in 2023. He drew a fair bit of criticism for that decision, particularly when his market didn’t develop as hoped during last offseason’s initial foray into free agency. He wound up returning to the Mets on a two-year, $54MM deal that was frontloaded with a $30MM salary in 2025 and allowed him to opt back into free agency this winter. Between that $30MM, the $20.5MM he earned in his final season of arbitration eligibility and the newly promised $155MM from the Orioles, Alonso will end up with $205.5MM over the same seven years that would’ve been covered under the extension offer he turned down.

More to come.