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Carlos Correa

Reports: Mets “Frustrated” By Correa Negotiations; Twins Have Rejoined Bidding

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With the 12-year agreement between the Mets and Carlos Correa still in limbo, Jim Bowden of The Athletic reports that the Twins have not only jumped back into the mix for Correa but have emerged as a legitimate candidate to re-sign him (Twitter link, with audio, via MLB Network Radio on SiriusXM). SNY’s Andy Martino, meanwhile, writes that the Mets have grown “very frustrated” with the state of negotiations and have even contemplated walking away from the deal. Talks between the Mets and Correa aren’t dead, Martino emphasizes, but it’s nevertheless a pessimistic turn in what has become a wild, unparalleled free-agent saga for Correa.

The latest wave of drama comes on the heels of an evening report from the New York Post’s Jon Heyman, which indicated Correa and agent Scott Boras had engaged at least one other team as recently as yesterday afternoon. Heyman, too, noted that Minnesota had been in touch with Correa’s camp in recent weeks.

The Twins and Correa have “some momentum,” per Bowden, who adds that Minnesota appears more willing to take on some risk regarding Correa’s medicals than either the Giants or the Mets. The Twins’ most recent offer to Correa was a reported 10-year, $285MM pact, though that came before the Giants blew them out of the water with a 13-year, $350MM bid. It’s unclear whether Minnesota has made any alterations to that offer.

That Giants agreement feels like ancient history, as San Francisco canceled Correa’s introductory press conference after his physical gave the team some trepidation. There’s no indication that the Giants entirely halted their efforts to sign Correa, but while they were determining their next steps, the Mets swooped in and agreed to terms with Correa on a 12-year, $315MM pact. Shortly thereafter, however, the Mets raised their own concerns regarding Correa’s physical. That was nearly two weeks ago. A deal has not yet been finalized.

At issue for both the Giants and the Mets appears to be a nearly decade-old leg injury and corresponding concerns over how that may impact the All-Star infielder down the road. Back in 2014, while playing in the Astros’ minor league system, a then-19-year-old Correa suffered a fractured fibula while sliding into third base. The injury required surgery, and a metal plate was inserted into Correa’s leg.

The exact concern regarding the long-term stability of Correa’s leg isn’t clear, but both the Giants and Mets have at least been concerned enough to pump the brakes on their reported agreements. The Mets have reportedly discussed adding a clause that would alter the terms of the deal in the event of a serious leg injury to Correa. It’s not known whether they’ve also sought to reduce either the length or total guarantee of the agreement.

Correa, of course, spent the 2022 season in Minnesota, where he slashed .291/.366/.467 over 590 plate appearances. That came under the terms of a three-year, $105.1MM contract between the two parties that was struck last March, but Correa triggered the first of two opt-out clauses in the contract following the season, in hopes of securing the long-term deal that eluded him in his last trip through free agency.

While it’s easy to assume the Twins have a full grasp of Correa’s medical situation themselves, The Athletic’s Dan Hayes reported in late December that the team did not conduct an extensive examination of Correa during the course of the season. That’s to be expected, but it’s particularly noteworthy given that Correa had a late-September injury scare with the leg in question, wherein he remained down on the field for several moments after being thrown out on a slide into second base. Correa limped off the field, and although he remained in the game, he acknowledged after the contest that he had briefly felt numbness and vibration in that surgically repaired leg.

That incident occurred on Sept. 20, and Correa did not miss any time in the subsequent, final weeks of the season. If there were any lingering issues, they weren’t made apparent through his performance on the field. Correa batted .346/.393/.481 with a homer and four doubles in 56 plate appearances from Sept. 20 through season’s end.

Carlos Correa’s Camp In Discussions With At Least One Team Other Than Mets

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It has now been more than two weeks since Carlos Correa and the Mets agreed to terms on a 12-year contract. That came within hours of his deal with the Giants falling through because of the club’s concerns with his physical. New York took similar umbrage with Correa’s right leg during their own examination a few days later, however, leaving one of the market’s top free agents in something of a state of limbo.

Since the Mets expressed concern about Correa’s physical a few days before Christmas, the organization and the two-time All-Star’s camp have maintained ongoing optimism about their ability to work through the issue. For the last two weeks, Correa’s representatives at the Boras Corporation had solely been in contact with the Mets as they worked to finalize the deal. That’s apparently changing now, as Jon Heyman of the New York Post reports that Boras engaged at least one other team regarding Correa this afternoon.

To be clear, that’s not to say Correa is moving on from the Mets. Indeed, they still seem his likeliest destination. A Mets official expressed confidence to Heyman they’ll still get the contract done even with Correa opening talks with at least one more team. Andy Martino of SNY similarly tweeted this afternoon the Mets and Correa’s camp were continuing to work on a resolution.

Nevertheless, it’s a notable development that another club is at least peripherally back in the mix. The Post’s Mike Puma reported last week that at least three other teams had reached out to Correa in the wake of the physical snag with the Mets. Correa didn’t engage in those discussions at the time, so today’s development marks a notable change in his camp’s tack.

Heyman writes today the Twins are one of the clubs that have tried to reengage Correa at some point over the past couple weeks. Minnesota maintained throughout the offseason they were hoping to bring him back after his lone season in the Twin Cities. They reportedly made a ten-year, $285MM offer earlier in the winter, but that fell shy of both the $350MM the Giants were originally set to guarantee Correa and the $315MM the Mets had put on the table. According to multiple reports, Minnesota didn’t up that offer between the time the Giants deal fell through and his agreement with New York. Whether the Twins still have a $285MM offer on the table isn’t clear, although it stands to reason they’d have some concerns of their own about the status of Correa’s leg until/unless they conduct a physical as well.

Minnesota still has a vacancy at shortstop, with stopgap veteran Kyle Farmer looking to be the current favorite at the position. Which other teams could be involved is unknown. Giants president of baseball operations Farhan Zaidi told reporters last week it was unlikely the club would circle back to Correa. The Braves and Red Sox each lost star shortstops in free agency this winter, though neither was tied especially strongly to Correa at any point in the offseason. Atlanta seems unlikely to make a massive free agent strike, while Boston just agreed to terms with Rafael Devers on a $313.5MM extension yesterday.

The Orioles were loosely linked to Correa at one point but never seemed to seriously make a run at a top-of-the-market free agent. The Padres, Phillies and Cubs each turned elsewhere in free agency for a star shortstop and the Dodgers reportedly had little interest in Correa thanks to his ties to the 2017 Astros.

All things considered, it’d appear the Twins would be the strongest competition for the Mets. That’d seem to be contingent on talks with New York falling apart. Heyman characterizes those discussions as “sticky” but there’s no suggestion they’re at a dire point.

Multiple reports in recent weeks have suggested the Mets are looking to add language that’d allow them to get out of part of the contract if Correa suffers a serious right leg injury. Puma first reported a week ago such a concept was under discussion. Ken Rosenthal reiterated that on The Athletic’s podcast on Tuesday, suggesting the deal would require some kind of modification to protect the Mets in case of injury.

Heyman echoes those reports, writing the Mets are insistent on including some kind of injury provision. According to Heyman, the club doesn’t want to make any major changes to the base 12-year, $315MM structure. They do, however, apparently want to build in a manner of lowering that guarantee and/or allowing them to get out of the contract early in the event Correa spends a certain amount of time on the injured list with a right leg problem specifically. How long such an IL stint would have to be and how many years or dollars could be voided in the case of an injury would have to be agreed upon by both sides, and it seems those issues are holding up the contract’s finalization.

That kind of clause is rare but not entirely without precedent. As an example, fellow Boras Corporation client J.D. Martinez altered his deal with the Red Sox over the 2018-19 offseason after the team flagged a foot issue during his physical. The sides moved forward with their agreed-upon five-year, $110MM framework but included stipulations that would’ve allowed the Red Sox to opt out of the final two years of the contract in the event Martinez suffered another foot injury that resulted in a lengthy injured list stint (as reported by Evan Drellich, then of NBC Sports Boston). Martinez never suffered a serious injury and wound up playing out the five-year deal before hitting free agency again this winter.

The Mets continue to try to work out a similar provision in this case. Where the winding saga will go next is to be determined, but it’ll remain the offseason’s main storyline until Correa officially signs a contract somewhere.

Farhan Zaidi: “Unlikely” That Giants Can Circle Back To Carlos Correa Deal

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Giants president of baseball operations Farhan Zaidi addressed reporters (including ESPN and Susan Slusser of the San Francisco Chronicle) for the first time since the team’s $350MM deal with Carlos Correa fell through due to concerns raised in the physical. Correa has since agreed to a $315MM deal with the Mets, but they too are concerned by the player’s physical and that signing has not been made official.

It’s been quiet since reports emerged on Christmas Eve that the Mets had concerns over his physical, with the last report stating the teams were working through things and a deal with New York still appeared “likely”. That’s not stopped a few other teams checking in on the situation, and Zaidi confirmed that the Giants have also checked in with Correa’s agent Scott Boras.

“We’ve had some conversations. Since then, obviously, you know, we’ve been in touch with Boras on other players as well. But our understanding and, as it’s been reported, they’re focused on a deal elsewhere at this point. So I think chances of a deal with us at this point are pretty unlikely based on their position,” Zaidi said.

Correa’s deal with San Francisco falling through shocked the baseball world. The Giants had scheduled a press conference to introduce their new star, but postponed that to further investigate Correa’s physical. That set off a chain of events that came together quickly, and within 24 hours Correa had agreed to a deal with the Mets. Zaidi confirmed that the Giants and Correa’s camp had different views on the medical review, but said they maintain a strong relationship with Boras.

“I was on the phone with Scott Boras on the Monday that we did Carlos’ physical right when his plane landed in San Francisco at 5 p.m., and those conversations continued from that point, so any suggestion that this was an 11th-hour thing is just not accurate. As soon as we had information, we shared it. We have a good working relationship with Scott Boras and his agency.”

The off-season has surely been a frustrating one for the Giants organization. They came into the winter in search of a new face of the franchise, and make a strong push to sign top free agent Aaron Judge. The reigning AL MVP would turn them down to re-sign with the Yankees on a nine-year, $360MM deal. They quickly pivoted to Correa, and just six days after news broke that Judge had agreed to return to New York, reports emerged that the Giants and Correa were in agreement on a 13-year deal.

The team has still been active this winter, adding Ross Stripling and Sean Manaea to their rotation, Taylor Rogers to the bullpen and Michael Conforto and Mitch Haniger to the outfield. San Francisco certainly has a stronger roster as a result of those moves, but they do lack the superstar they coveted coming into the off-season, and the free agent market no longer has any stars.

“One of the unfortunate aspects of the offseason is there’s been — and maybe this is inevitable given the players — a lot of attention paid to players that we wound up not signing rather than the players that we have signed,” Zaidi said.

One added layer to the Correa saga is what it means for long-time Giants shortstop Brandon Crawford. He’s entering the final year of his contract, and is owed $16MM in 2023. A Correa signing would have likely meant that Crawford moved to third-base, but it seems with the Correa deal off he’ll be manning short in his 13th season in San Francisco.

“I’m sure it was a frustrating and confusing period for him, but I also said we had to explore every opportunity to improve this team, including the group of shortstops that were out there, All-Star-caliber players that we all felt would really improve our team. I think Brandon was aware that adding one of these players was a possibility. It didn’t work out and he’s our shortstop now and we want and expect to be a playoff team.”

Latest On Mets, Carlos Correa

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The status of the Mets’ agreement with Carlos Correa is the predominant story in MLB at the moment. Reports over the weekend emerged that New York had taken issue with something related to Correa’s right leg/ankle during his physical. There’s remained optimism the sides will be able to get a deal done, although it presented another twist in an unexpected saga for one of the offseason’s top free agents.

The Mets had jumped in to agree to terms with Correa on a 12-year, $315MM contract — pending the physical — within a day of the Giants pulling out of a 13-year, $350MM pact after their doctors reportedly took issue with something in the All-Star’s right leg. Correa underwent his physical with the Mets last Thursday; reports emerged Saturday afternoon that examination hadn’t gone completely smoothly.

With the holiday weekend, discussions between the Mets and Correa’s camp have apparently been somewhat on the back burner for the past couple days. Last night, Jon Heyman of the New York Post wrote that some other teams had touched base with the player’s representatives after word of the physical concerns trickled out. However, Heyman indicated Correa remained focused on the Mets as of last night, with dialogue between his camp and the New York organization more productive than it had been with San Francisco in the hours after the Giants expressed concern about Correa’s physical during their examination.

The Post’s Mike Puma provides additional context this evening, reporting that three-plus rival teams have been in touch with the Boras Corporation about Correa after the Mets expressed trepidation. Puma writes the 28-year-old would strongly prefer to join the Mets than go back into free agency after a second agreement fell apart but suggests Correa’s camp is not open to moving off the sides’ initial 12-year, $315MM price point.

Puma suggests it’s still likelier than not that Correa and the Mets work something out, with one source pegging the odds of him landing in Queens around 55%. Nevertheless, Correa’s reported unwillingness to alter the basic framework of the deal could prove a stumbling block depending on the extent of the Mets’ trepidation. Puma writes there’s some consideration being given to the possibility of including a provision that’d protect the Mets in the event Correa’s right leg proves problematic during the contract term.

That kind of provision is rare but not completely without precedent. As an example, fellow Boras Corporation client J.D. Martinez altered his deal with the Red Sox over the 2018-19 offseason after the team flagged a foot issue during his physical. The sides moved forward with their agreed-upon five-year, $110MM framework but included stipulations that would’ve allowed the Red Sox to opt out of the final two years of the contract in the event Martinez suffered another foot injury that resulted in a lengthy injured list stint (as reported by Evan Drellich, then of NBC Sports Boston). Martinez never suffered a serious injury and wound up playing out the five-year deal before hitting free agency again this winter.

Correa has never had an MLB injured list stint related to his right leg, which he fractured as a prospect back in 2014. The injury required surgery and ended his minor league season. He returned at the start of the following year and hasn’t missed any notable time because of the issue since then, though doctors for both the Giants and Mets have now identified something that gives them pause.

There figures to be more clarity on the matter over the coming days. It’s likely to remain the sport’s top story until the sides either finalize the deal or Correa’s camp decides to pivot back to free agency. Various reports continue to suggest the former outcome is probable, though far from certain.

Mets Have “Raised Concerns” Over Carlos Correa’s Physical, Deal Still “Likely”

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Dec 26: Heyman reports that a few teams have “checked in” since the Mets showed concern in the physical. A situation akin to what happened in San Francisco just a week ago does not appear nigh though, as Heyman adds that talks between the Mets and Correa’s camp appear to have been more substantive than what occurred with the Giants in the aftermath of Correa’s physical there.

Dec 24, 2:51pm: According to Jesse Rogers of ESPN, a deal with the Mets is still “likely”, although he reports that the contract could be reworked considering the issue. While it’s not known what a reworked contract would look like, it could include altering the duration or financial guarantee of the contract, or rewording it to alter the amount of guaranteed money Correa makes should he miss a period of time due to the specific leg ailment which is causing concern. Rogers adds that there is not a timetable in place to resolve the matter.

10:56am: Carlos Correa’s physical with the Mets has “raised concerns”, according to a report from Ken Rosenthal and Dan Hayes of The Athletic. Per the report, the concern centers on Correa’s surgically repaired lower right leg. Correa has agreed to a 12-year, $315MM deal with the Mets just days after a 13-year, $350MM deal with the Giants fell through over concerns over the physical.

While it’s jarring to hear given the events of the past week, it’s unclear yet what this means for the status of the deal. Jon Heyman of the New York Post reports that the two parties are currently trying to work through the issue.

Mets owner Steve Cohen has already addressed the deal, telling Heyman earlier this week that “we needed one more thing, and this is it”. That’s particularly significant as, per The Athletic’s report, addressing the deal on the record could make it trickier to back out of the agreement, although there’s nothing to suggest that’s what the Mets are looking to do.

It’s been a fascinating turn of events in Correa’s free agency over the past week. Generally, reported agreements pending a physical have become official without a hitch, but Correa’s has now hit a snag on two separate occasions in the space of a week. Further, he’s one of the top free agents this winter and had agreed to deals worth in excess of $300MM. Correa had agreed to a long-term contract with the Giants on December 13, but that fell over on Monday after the Giants reportedly asked for more time to look into the medicals after finding something that gave them pause. However, agent Scott Boras quickly pivoted and went to the Mets, who quickly agreed to their own long-term deal for $35MM less than the original Giants agreement.

Boras sought to re-engage with the Twins as well after the Giants deal fell through. Per The Athletic’s report, they’d offered him a ten-year, $285MM deal but would have put a greater emphasis on a physical before that deal than the deal he signed with Minnesota earlier in 2022, given the long-term nature of the proposal. The report also adds that after Correa became available again, the Twins were unwilling to alter their initial proposal, and would have wanted to investigate the issues raised in the player’s physical with the Giants.

The Giants have been quiet on the matter. HIPAA laws restrict them from disclosing clear answers about the precise nature of the injury, but president of baseball operations Farhan Zaidi did offer a statement: “While we are prohibited from disclosing confidential medical information, as Scott Boras stated publicly, there was a difference of opinion over the results of Carlos’ physical examination. We wish Carlos the best.”

The Correa camp has denied any cause for concern. Prior to undertaking his physical with the Mets, Boras said “there is nothing with him that is currently any sort of medical issue,” via Anthony DiComo of MLB.com. He also added that the Giants were trying to use a “crystal ball” to try and predict Correa’s long term health (via Laura Albanese of Newsday).

Various reports have mentioned Correa’s right leg as the source of concern for both the Giants and Mets. Back in 2014, a teenage Correa fractured his right fibula and sustained minor ligament damage while playing in High-A in the Astros organization. That injury required arthroscopic surgery to repair. Correa has missed time for thumb, back and rib issues in the big leagues, but the right leg has never sent him to the injured list in his eight big league seasons.

It is worth remembering that only a few years ago the Mets did pull out of a deal with a player. In 2021, they drafted Kumar Rocker 10th overall and agreed to a $6MM signing bonus, before abandoning the deal after growing concerned by something they saw in the physical. Of course, backing out of a $6MM deal for draft pick and a $315MM contract for an All-Star are two different things, and Cohen’s comments certainly give confidence that a deal can still go through in some form.

It’s the latest twist in what has been a tumultuous time for Correa on the open market. He was the top free agent after departing the Astros last year, but after the long-term deal he sought didn’t eventuate he took a three-year, opt-out laden, $105.1MM deal with the Twins. After earning $35.1MM last season and putting up another strong season he opted out and hit the open market for the second-straight winter. The long-term mega deal he’d been seeking looked to have finally come to fruition when it was reported the Giants had agreed to a 13-year, $350MM pact. That deal fell through, but Correa was able to quickly land a $300MM+ deal with the Mets. While there’s every chance a deal with New York still goes through, there’s at least some doubt now hanging over it.

Carlos Correa Taking Physical With Mets Today

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Carlos Correa is undergoing his physical with the Mets today, agent Scott Boras announced to reporters (including Lindsey Adler of the Wall Street Journal). According to Boras, the Mets are expected to take 24-48 hours to review the results (relayed by Anthony DiComo of MLB.com).

Under normal circumstances, a free agent who has agreed to terms with a team undergoing a physical would hardly be worth noting. In most cases, agreements are reported on before a deal is made official, with the physical a rubber stamp on the way to the official announcement. Of course, the Correa situation has been anything but normal. He agreed to a 13-year, $350MM deal — pending a physical — with the Giants on December 13. That was scuttled on Monday evening when the Giants found something in their examination of Correa that gave them pause. They reportedly wanted more time to look into the medicals but Boras quickly pivoted and secured a new deal with the Mets for 12 years and $315MM. It has occasionally happened before that deals have been scuttled by medicals but never with a player or contract of this magnitude.

The Giants are restricted by HIPAA laws from providing clear answers about the precise nature of the injury. President of baseball operations Farhan Zaidi released a very generic statement on the matter yesterday: “While we are prohibited from disclosing confidential medical information, as Scott Boras stated publicly, there was a difference of opinion over the results of Carlos’ physical examination. We wish Carlos the best.”

Various reports over the past 24 hours have indicated the Giants raised concerns regarded Correa’s right leg. As a prospect in the Astros organization, a then 19-year-old Correa fractured his right fibula while playing in High-A in June 2014. The injury required surgery and cost him the remainder of that season. Last night, Andrew Baggarly of The Athletic wrote about the dilemma and called San Francisco’s concern “pretty obvious” while linking to a 2014 Houston Chronicle story about the fibula fracture.

Jeff Passan of ESPN also indicates the right leg was the issue as part of a wider-ranging piece on the bizarre situation. According to Passan, San Francisco asked Correa’s camp for time to evaluate the issue after identifying their concerns in the physical on Monday night. The team postponed the press conference they’d scheduled Tuesday morning, one clearly designed to formally introduce Correa as a Giant after he signed his contract. That afternoon, the sides reengaged over the phone and the Giants informed Boras they weren’t prepared to keep their 13-year, $350MM offer on the table, Passan writes. San Francisco may have been willing to renegotiate a lower deal, according to Passan, but the decision not to abide by the originally agreed upon terms freed Correa’s camp to explore other opportunities.

In the hours after the Giants deal fell apart, Boras and his staff reached out to both the Mets and Twins. Last night, Andy McCullough, Ken Rosenthal and Will Sammon of The Athletic reported that Correa’s camp had been in touch with Minnesota before agreeing to terms with the Mets. The Twins, Correa’s incumbent team, had put forth a ten-year, $285MM offer earlier in the offseason. According to both The Athletic and ESPN, Minnesota expressed reluctance to move past that proposal on Tuesday evening — at least not without more time to evaluate the concerns raised by the Giants in their exam.

Not long after, Correa and the Mets hammered out the agreement. Both The Athletic and ESPN characterize negotiations as fairly direct between Boras, New York owner Steve Cohen and Mets general manager Billy Eppler. By the middle of the night, Jon Heyman of the New York Post reported the sides were in agreement on their 12-year pact. According to McCullough, Rosenthal and Sammon, Mets manager Buck Showalter and numerous other team officials weren’t aware of the extent of negotiations, learning when they woke up Wednesday morning about the agreement.

That’s all subject to the Mets physical evaluation, of course. However, there doesn’t seem to be much concern within the New York organization about Correa potentially failing a second physical. Cohen discussed the agreement on the record with Heyman; as Andy Martino of SNY wrote yesterday, that’d open the Mets up for a potential grievance if they back out of the deal over concerns about the medicals.

Correa’s camp, predictably, has denied there’s reason for concern. “There is nothing with him that is currently any sort of medical issue,” Boras said this morning, per DiComo. The agent added the Giants were trying to use a “crystal ball” to predict Correa’s long-term health (via Laura Albanese of Newsday).

The right leg that apparently gave the Giants pause has never sent Correa to the injured list as a major leaguer. He missed the second half of the 2014 minor league season recovering from surgery but was back on the field at the start of the following campaign. Correa has had a few injured list stints in the majors, missing time between 2017-19 with a torn ligament in his left thumb, back soreness (twice) and a rib fracture. He also lost a bit of time this past season after bruising his right middle finger. Since making his MLB debut, Correa hasn’t had any IL stints related to his lower half. However, Passan writes that San Francisco’s medical professionals raised concerns about the long-term stability of his right leg, fearing he could quickly lose the lateral mobility that plays such a key role in his defensive projection.

It’s worth pointing out that there is some precedent for the Mets similarly striking down a deal with a player, just as the Giants have done with Correa this week. The Mets selected Kumar Rocker, also represented by Boras, 10th overall in the 2021 draft and agreed to a $6MM signing bonus until they grew concerned by something in his physical and the deal fell apart. Backing out of a $6MM bonus for a draftee and a $315MM agreement with a superstar are two different things, however, and Cohen’s on-record discussions of the Correa agreement reiterate the owner’s confidence in the exam going without issue.

It has been a rollercoaster for Correa over the past two years, having reached free agency for the first time after the 2021 season. He went into the open market seeking a deal of ten-plus years in length and over $300MM but didn’t find one before the sport went into a lockout in December. During that lockout, he fired his representatives and hired Boras. After the lockout, he still didn’t find the megadeal he was looking for, but settled on a three-year contract with Minnesota that paid him a huge $35.1MM annual salary and allowed him to opt out after each season.

After another solid performance in 2022, he returned to the open market and seemed to finally land the deal he wanted with San Francisco. That’s gone but he secured another within hours from the Mets. There’s one step to go, perhaps the most anticipated physical examination in baseball history.

Scott Boras Comments On Carlos Correa Situation

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The past week has seen an incredible free agent plot twist that’s unprecedented in baseball history. Reports emerged last week indicating that the Giants had agreed to terms with shortstop Carlos Correa on a 13-year, $350MM deal. That deal, like all free agent agreements, was pending a physical. However, it was reported yesterday that an issue flagged during Correa’s physical caused the Giants to delay a press conference that was set to introduce Correa. That was followed by a stunning middle-of-the-night report that Correa had a new agreement with the Mets for 12 years and $315MM.

The entire baseball world is still trying to piece together how such a strange sequence of events came to pass. Correa’s agent, Scott Boras, has provided his perspective today, giving comment to Susan Slusser of the San Francisco Chronicle and Ken Rosenthal of The Athletic.

“We reached an agreement. We had a letter of agreement. We gave them a time frame to execute it,” Boras said. “They advised us they still had questions. They still wanted to talk to other people, other doctors, go through it. I said, ‘Look, I’ve given you a reasonable time. We need to move forward on this. Give me a time frame. If you’re not going to execute, I need to go talk with other teams.”

It still isn’t publicly known what issue the Giants found during Correa’s physical, but Boras frames it as an old injury that precedes Correa’s time in the majors. “You’re talking about a player who has played eight major-league seasons,” Boras said. “There are things in his medical record that happened decades ago. These are all speculative dynamics. Every team has a right to go through things and evaluate things. The key thing is, we gave them (the Giants) medical reports at the time. They still wanted to sign the player and negotiate with the player.”

Rosenthal lays out that Correa suffered a season-ending leg injury in the minor leagues in 2014 but he has not been on the injured list for a lower leg injury since his promotion to the majors. He’s also had back issues in the past but his last IL stint for a back injury was in 2019.

Giants president of baseball operations Farhan Zaidi also provided a comment, though without getting into specifics. “While we are prohibited from disclosing confidential medical information, as Scott Boras stated publicly, there was a difference of opinion over the results of Carlos’ physical examination,” Zaidi said to reporters, including Alex Pavlovic of NBC Sports Bay Area. “We wish Carlos the best.”

It’s worth reiterating that, with the Giants not providing any details, we only really have one side of the story. As Correa’s agent, Boras is surely motivated to wipe away the concern of the Giants as unreasonable or a non-issue. Correa’s new deal with the Mets is also pending a physical and won’t be official until that is complete. However, if the Mets end up having the same concerns as the Giants, it might be difficult for them to back out in a similar fashion. Andy Martino of SNY reports that the Mets could face a grievance if they back out of the deal since owner Steve Cohen has already discussed the deal on the record.

Also noted by Rosenthal, it’s not entirely unprecedented for medical personnel to come to different conclusions about the health of a player. This Boras-Mets situation was the other way around with Kumar Rocker, whom the Mets selected 10th overall in the 2021 draft. The Mets had agreed to give Rocker, who is represented by Boras, a $6MM bonus before medical concerns scuttled the deal. Rocker re-entered the draft a year later and was selected third overall by the Rangers.

It has also occasionally happened in the past that free agents agree to terms with teams but then issues pop up with the physical before the deal is official. In one recent example, reliever Grant Balfour agreed to terms with the Orioles on a two-year, $15MM deal prior to the 2014 season. The O’s backed out after conducting Balfour’s physical and he instead signed with the Rays for two years and $12MM. However, a similar situation for a free agent of Correa’s magnitude hasn’t been seen before.

Mets To Sign Carlos Correa

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In a shocking development, Carlos Correa has agreed to join the Mets for a 12-year, $315MM contract, Jon Heyman of the New York Post reports.  Correa had previously agreed to a 13-year, $350MM deal with the Giants, yet reports surfaced yesterday that an unknown issue with Correa’s medicals had led to a postponement of the Giants’ introductory press conference for the shortstop.  The 28-year-old Correa is represented by the Boras Corporation, and his deal with the Mets will become official once he passes a physical.

As Susan Slusser of the San Francisco Chronicle tweets, the “Giants flagged something in [Correa’s] physical and doctors disagreed.”  Slusser also reported yesterday that Correa’s back wasn’t the issue, though back soreness has sent the former All-Star to the injured list on multiple occasions during his career.

Whatever the Giants took issue with in Correa’s physical, obviously the problem wasn’t enough to deter the Mets from adding yet another high-priced star to their already loaded roster (and payroll).  Mets owner Steve Cohen said last week that the team made a late bid of around $300MM to land Correa, but that offer was turned down by agent Scott Boras since talks with the Giants had already reached an advanced stage.

As it turned out, that late attempt from Cohen was seemingly all Boras needed to secure another mega-deal for his client quickly after the agreement with San Francisco fell apart.  As Cohen told Heyman, “we kind of picked up where we were before and it just worked out” over the course of four or five hours’ worth of extra negotiations.

Correa’s new contract with New York is one year shorter and worth slightly less in average annual value ($26.25MM with the Mets compared to $26.92MM with the Giants).  It is also “only” now the 10th-largest contract in baseball history in terms of total value, while the $350MM deal with San Francisco was the fourth-largest in history.

Still, the deal handily surpasses MLBTR’s projection of a nine-year, $288MM pact for Correa.  Like the structure of the original Giants contract as well as other deals signed by Xander Bogaerts and Trea Turner this winter alone, the longer length allows the team to spread out the luxury-tax hit over more years, while the player still gets his money as well as extra security.  The Mets themselves used a version of this strategy in re-signing Brandon Nimmo to an eight-year, $162MM deal, as Nimmo’s tax number is $20.25MM.  Correa now joins Nimmo and Francisco Lindor as Mets players signed beyond the 2029 season, though the Mets’ expenditures this winter have varied widely in length.

The overall numbers of the Mets’ spending spree continue to stagger.  Assuming Correa’s contract pays him $26.25MM in each year of the deal, the Amazins’ payroll will now soar past the $377MM mark for 2023.  Having already far surpassed the fourth and highest tier ($293MM) of Competitive Balance Tax penalties, New York is paying a 90% tax on every dollar spent beyond the $293MM threshold.  That works out to roughly $23.62MM added to the Mets’ tax bill, thus putting their luxury tax number over $386MM.

Correa, Nimmo, Justin Verlander, Edwin Diaz, Kodai Senga, Jose Quintana, David Robertson, Adam Ottavino, and Omar Narvaez represent the star-studded list of free agents signed and re-signed by New York this offseason alone, to say nothing of their previous big splashes since Cohen bought the team just over two years ago.  Needless to say, Cohen has established new standards for spending, as the owner has made no qualms about his desire to immediately make the Mets as competitive as possible.  The result was a 101-win season in 2022, but the Amazins didn’t make it past the first round of the expanded playoffs, losing to the Padres in three games in the Wild Card Series.

The Correa signing “really makes a big difference,” Cohen said.  “I felt like our pitching was in good shape.  We needed one more hitter.  This puts us over the top.”

Indeed, most of the Mets’ focus had been on revamping a rotation and bullpen that was full of free agents.  While Diaz and Ottavino were re-signed, plenty of holes had to be filled after Jacob deGrom, Chris Bassitt, Taijuan Walker, Seth Lugo, Joely Rodriguez, Trevor Williams, Trevor May, and Mychal Givens all signed elsewhere.  Nimmo was the biggest pending free agent on the position player side, and Narvaez should help bolster the catching corps, but Cohen and GM Billy Eppler weren’t going to curb their aggressiveness.

To this end, one of baseball’s best shortstops in Correa now won’t even be a shortstop, as Correa will now move to third base in deference to Lindor.  Correa won a Platinum Glove, Gold Glove, and Fielding Bible Award for his work at shortstop just in 2021, and his professional experience at third base consists of one game with the Astros’ Double-A affiliate in 2015.  That said, Lindor is an excellent fielder in his own right, and the Outs Above Average and UZR/150 public metrics prefer his glovework at shortstop to Correa’s over the course of their careers.  There isn’t much doubt that Correa should be able to translate well to the hot corner, thus improving the Mets’ defense as well as the impact he’ll bring to the lineup.

With Correa now the new third baseman, Eduardo Escobar is suddenly out of a starting job.  It wasn’t even 13 months ago that Escobar was one of New York’s big signings of the 2021-22 offseason, as he inked a two-year, $20MM deal.  Escobar was decent if unspectacular, hitting .240/.295/.430 with 20 homers for a 106 wRC+ over 542 plate appearances in his first year in Queens.

“Decent if unspectacular” wasn’t enough for a team so intent on winning, however, and thus Escobar could now join Luis Guillorme as infield depth.  It stands to reason that the Mets could explore trading Escobar (and the $10MM remaining on his deal) to a team in need of a dependable veteran infielder, or New York could simply keep Escobar as a backup option in the event of an injury to Correa or starting second baseman Jeff McNeil.

Looking further down the depth chart, top prospect Brett Baty is also a third baseman, as is Mark Vientos (ranked by MLB Pipeline as the seventh-best minor league in New York’s farm system).  Baty has gotten some time as an outfielder and now might be viewed as a possible replacement for Canha in left field, while Vientos might be destined for a move off third base anyway, with first base potentially being his ultimate spot on the field.  With Correa now locked into the hot corner, however, there seems an increased possibility that the Mets could shop either of these prospects for other upgrades.

Today’s news marks the latest twist in a controversy-filled career for Correa, largely tied to his participation on the 2017 Astros team that won a World Series championship later clouded by the sign-stealing scandal.  Correa’s time in Houston ended when he signed a three-year, $105.3MM deal with the Twins last winter, though that shorter-than-expected contract was designed to allow a quick return to the free agency.  Correa had opt-out clauses after both the 2022 and 2023 campaigns, and he exercised that first opt-out to re-enter the market in an offseason that wasn’t interrupted by the lockout.

Correa hit .291/.366/.467 with 22 homers over 590 plate appearances in his lone season in Minnesota, with a 140 wRC+ that stands as the third-highest of his eight MLB seasons.  Coming off a strong platform year and still being younger than most free agents once they reach the open market, Correa had every expectation of finally landing the pricey long-term contract he initially wanted last year.

The result was two pricey, long-term contracts, with the Mets swooping in to take Correa away from the Giants.  It’s probably wise to not totally assume Correa’s pact with the Mets is a done deal until the physical is passed and an official announcement is made, given the stunning nature of the last 24 hours.  Yesterday’s reports of a delay certainly raised red flags about the status of Correa’s agreement with San Francisco, but with an absence of any concrete news, there wasn’t yet any reason to believe that Correa wouldn’t still eventually end up in the Bay Area.

Instead, the Giants’ winter plans have now been dealt an almost unfathomable setback.  The Giants slumped to an 81-81 record after their 107-win season in 2021, leaving president of baseball operations Farhan Zaidi in search of a major acquisition.  San Francisco has lots of payroll space and lots of needs around the roster to accommodate at least one new superstar, and there seemed little doubt that the Giants were lining up to make the first true blockbuster signing of Zaidi’s four-year tenure.

Aaron Judge was clearly the top priority heading into the offseason, and the Giants reportedly offered Judge around $360MM before the AL MVP took that same salary over a nine-year deal to re-sign with the Yankees.  With Judge off the board, San Francisco then turned to the shortstop market, with Correa emerging as their top target (ahead of Turner, Bogaerts, or Dansby Swanson).  The $350MM deal represented the biggest contract in franchise history, and a resounding counter to any argument that the Giants’ front office was unwilling or unable to land top-tier free agents.

It isn’t exactly true that the Giants are back to square one, since they’ve also signed Mitch Haniger, Ross Stripling, and Sean Manaea in free agency, and Joc Pederson was retained via the qualifying offer.  But, Carlos Rodon left the team to also sign with the Yankees, removing another star from the 2022 roster.  The league-wide rush on free agent signings has left the market bare of most of the top names, and so Zaidi and company will now have to explore the trade market (and possibly make some tough decisions on trading top prospects) in order to acquire another big-ticket star….if one is even necessarily available.

Speculatively, the Giants could try to wield their payroll space in a different manner, perhaps by offering a deal for both a star player and an undesirable contract on a team looking to cut spending.  With over three months until Opening Day, there’s plenty of time left for the Giants to still make moves, and yet it’s hard to imagine they can make an addition anywhere near Correa’s level.

Photo courtesy of USA Today Sports Images

Originally posted at 2:05am.

Giants Reportedly Postpone Carlos Correa’s Introduction Due To Medical Concern

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The Giants and Carlos Correa agreed to terms last week on a 13-year, $350MM framework for a deal. That structure was pending a physical and Correa had yet to officially sign the contract. The club was going to introduce him today but the scheduled news conference was postponed due to a medical concern, reports Ronald Blum of the Associated Press. Earlier today, Susan Slusser of the San Francisco Chronicle reported that the postponement was related to the fact that the club was “awaiting test results.” At this point, it isn’t known what exactly is causing the holdup, with Blum’s report simply stating that “a medical issue was flagged.”

Beyond that information, anything else is speculation at this point. It isn’t publicly known what the issue is or how serious it is. It’s also not known if the Giants simply want to conduct further tests or have firm evidence of something that will lead to the deal being called off or restructured. However, the fact that they are at least delaying the official stamp is a situation that will be worth monitoring.

Over the past eight seasons, Correa has been one of the best shortstops in baseball but one knock against him has been durability. He has gone to the injured list with various issues in his career, including a torn ligament in his thumb, lower back soreness and a fractured rib. However, he largely moved past his “injury-prone” label in recent years. He played 58 games in the shortened 60-game season in 2020, followed by 148 contests in 2021. This most recent season, he went on the IL for a finger contusion and went to the COVID-IL once but still got into 136 games on the year, staying healthy for the entirety of the second half of the season. Again, it’s worth repeating that we don’t know what the current issue is or the severity of it, but Slusser reports that is not a back problem.

Steve Cohen Discusses Mets’ Pursuit Of Carlos Correa: “We Got There Late”

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Just before Carlos Correa signed his 13-year, $350MM deal with the Giants, the Mets made an attempt to try land the star shortstop.  Mets owner Steve Cohen shed more light on that pursuit in an interview with Jon Heyman of the New York Post, as Cohen said that he contacted Correa’s agent Scott Boras an offer of roughly $300MM.  By that point, however, the Giants and Correa’s camp were already deep enough into negotiations that Boras and company didn’t want to turn back.

As Cohen simply put it, “we got there late” on Correa’s market.  “We thought maybe he might fall to us….He’s a great leader and a good guy.  He could play third base.  And he’s a great defender.”

Position changes have been floated for all of Correa, Xander Bogaerts, Trea Turner, and Dansby Swanson in various permutations by several teams this winter, as even at the very top of the shortstop market, clubs creatively explored ways to fit these players into a lineup even if another good shortstop was already on the roster.  In New York, of course, Francisco Lindor is already locked into the shortstop role through the 2031 season, and thus Correa would’ve had to move to the hot corner.

Lindor’s presence made the Mets something of a bystander on the shortstop market, but when Correa lingered on the market, Cohen checked in with Boras to see if something could be done.  Eduardo Escobar (signed to a two-year, $20MM deal just last offseason) is the Mets’ current third baseman, but if Correa had been signed, Escobar would’ve presumably become an overqualified utility infielder, or perhaps a trade chip.

It’s also fair to say that Cohen’s attention might’ve been busy elsewhere, preventing him from making an earlier bid on Correa.  New York has already re-signed Edwin Diaz and Brandon Nimmo, and brought Justin Verlander, Kodai Senga, Jose Quintana, David Robertson, and Omar Narvaez into the fold during an extraordinary free agent splurge.  The result is a payroll that sits at roughly $343.56MM, and a luxury tax number of $356.3MM — both records in MLB history.

“No one likes to spend money.  But this is the price” of doing business, Cohen said, as the Mets want to win but aren’t interested in trading from their farm system.  If this means operating at a loss in order to chase a World Series, that is fine in Cohen’s view.  Also, the owner noted that the club also had a lot of holes to fill (mostly on the pitching staff) given its own extensive free agent class.  While Nimmo and Diaz were retained, Jacob deGrom, Taijuan Walker, Chris Bassitt, Trevor May, Trevor Williams, and Joely Rodriguez have all signed elsewhere.

“My team is good.  But it isn’t that much better than last year.  If you want a team that’s good, this is what it costs.  What are you going to do?” Cohen asked rhetorically.

As much as there doesn’t appear to be a limit on New York’s spending, Cohen did say that Correa’s market conditions played a role in the Mets’ interest, as he was going to pursue a signing “that made sense…and not get crazy.”  The fact that a $300MM offer on top of the Mets’ other spending doesn’t qualify as “crazy” is yet another eye-popping example of how Cohen is redefining baseball’s payroll limits, and yet “I’ve been dealing with big numbers for so long these numbers don’t scare me at all.  It’s not like I’m not respectful about what these other teams have to deal with.”

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