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Pete Alonso

Pete Alonso Expected To Seek Seven-Year Deal In Free Agency

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First baseman Pete Alonso is ticketed for a second consecutive trip through free agency, as he told reporters when the regular season came to a close that he intends to opt out of the final year of his contract and return to the open market. He won’t officially become a free agent until five days after the World Series concludes, but whispers about Alonso’s asking price as he returns to the market have already begun to percolate. According to Mike Puma of the New York Post, Alonso is expected to seek at least a seven-year deal as he returns to free agency.

It’s natural for players to set a high bar for contract negotiations entering free agency, but it would be something of a surprise if Alonso was able to secure that sort of arrangement. A seven-year pact would cover the slugger’s age-31 through -37 seasons, and that’s the sort of rarefied air that’s difficult for a defensively limited slugger to reach in free agency. Dodgers star Freddie Freeman is signed through age-37, but Freeman is an MVP winner and future Hall of Famer. It’s hard to argue Alonso is in that same stratosphere, and few other first basemen have managed to get that sort of long-term security.

Paul Goldschmidt’s extension with the Cardinals back in 2019 was for just five years and $130MM, ending after his age-36 campaign, and Matt Olson’s eight-year, $168MM contract extension with Atlanta is guaranteed only through his age-35 season. Both Goldschmidt and Olson were also Gold Glove winners for their work at first base when they signed those deals, while Alonso is viewed both by defensive metrics and many scouts as one of the game’s weaker first basemen defensively. While Puma points to Marcus Semien and Matt Chapman as fellow Boras clients who managed to land contracts in a similar range to what Alonso is expected to seek, it also must be noted that Chapman actually signed a six-year extension with the Giants after he had already been in the fold on a short-term deal similar to the one Alonso will be opting out of.

More importantly, Semien was a shortstop when he signed with the Rangers, and Chapman is a multi-time Gold Glove winner at third base. When it comes to financial expectations for infielders higher on the defensive spectrum, the bar is simply much different than it is for first basemen. That’s part of why players like Alex Bregman and Carlos Correa who have found themselves taking similar short-term contracts with high average annual values in free agency to the one Alonso signed last winter have been able to secure a higher AAV than Alonso did on a two-year pact. The same principle extends to larger deals, and helps to explain why someone like Xander Bogaerts managed to land a contract that will pay him through his age-40 campaign despite much less robust offensive numbers than someone like Alonso can offer.

Even if Alonso is unable to land the seven-year guarantee he appears to covet, it should still be expected that he’ll make out far better in free agency this time around than he did last season. After all, he’s no longer encumbered by draft pick compensation after rejecting a Qualifying Offer from the Mets last winter. That means a team that signs him away from Queens won’t have to forfeit draft capital in order to bring him into the fold, and that reality is likely to help his market a great deal. In addition, Alonso enjoyed a much stronger platform season this year than he did in 2024. This season, Alonso appeared in 162 games for the second consecutive season and slashed .277/.347/.524 with a wRC+ of 141, which tied his 2022 campaign for the second-best mark of his career.

Alonso famously rejected a seven-year, $158MM extension offer from the Mets back in 2023. That deal would have covered the last year of his arbitration eligibility, for which he ultimately received $20.5MM. In other words, he’ll need to make more than $137.5MM between 2025 and 2030 in order to surpass that benchmark. He made $30MM this year, meaning he’ll need to beat $107.5MM over the next five seasons if he’s going to exceed the value of that extension he passed on. It seems very safe to bet on him to do just that at this point.

Goldschmidt’s extension with the Cardinals, which covered his age-32 to -36 seasons, netted him $130MM over five years. While Goldschmidt’s 145 career wRC+ at the time of that deal was far stronger than Alonso’s career 132 wRC+ entering this offseason, Alonso will be entering his age-31 season when his next contract begins and will benefit from more than half a decade of inflation since St. Louis inked that deal just before the 2019 season began. Considering that he wouldn’t even need to match Goldschmidt’s guarantee in order to beat that 2023 extension offer, it seems safe to say that Alonso will come out ahead in free agency this year so long as he doesn’t have to settle for another short-term agreement.

Mets Notes: Alonso, Marte, Manaea

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First baseman Pete Alonso has already said he will be opting out of his deal with the Mets and re-entering free agency, which could set up another will-they-won’t-they winter. A report from Will Sammon of The Athletic suggests that the Mets aren’t thrilled with Alonso’s defense and that spending more time at designated hitter may be necessary if the two sides do end up reuniting.

Alonso has been a mainstay at first base for the Mets for many years. He has started at least 134 games there in each of the past six full seasons, including at least 160 games in each of the past two campaigns.

While that reliable presence is valuable, the actual results have been less consistent. Defensive Runs Saved oscillated between giving Alonso positive and negative grades earlier in his career but has soured on him more recently. He was credited with a -3 score last year and -9 this season, bringing him down to -7 for his whole career. Outs Above Average has been more consistently down on him, as 2021 is the only year that metric had him above average. He’s at -33 for his career overall, including -8 in 2024 and -9 in 2025.

Alonso has only ever played for the Mets but the club seemed willing to let him go last winter. He reached free agency and lingered unsigned until February, when he and the Mets finally reunited on a two-year, $54MM deal which allowed him to opt out after the first season. Just prior to that reunion, Mets owner Steve Cohen publicly complained about the “exhausting” negotiations.

It was often speculated last offseason that the Mets were willing to let Alonso walk. At that point, the Mets would perhaps move Mark Vientos from third base to first base, leaving the hot corner open for someone like Brett Baty, Ronny Mauricio or Luisangel Acuña. Now that Alonso is returning to free agency, that kind of speculation might return.

It’s unknown if Alonso is willing to spend more time in the DH slot or if he prides himself on continuing to be out there at first. If he is open to it, the Mets could accommodate him. Most of their DH at-bats went to Starling Marte this year, with Jesse Winker also in the mix before he got hurt. Both players are impending free agents, so the Mets could offer plenty of DH time to Alonso or someone else.

It’s also possible Alonso plays for a team other than the Mets for the first time. He didn’t get the long-term deal he was looking for last winter but his upcoming market could be stronger. He won’t be attached to a qualifying offer this time since players can only receive the QO once. He’s also coming off a better offensive platform, having increased his batting line from .240/.329/.459 in 2024 to .272/.347/.524 in 2025. But on the other hand, he’s about to turn 31 years old and other teams might be just as concerned about his glovework as the Mets.

Speaking of Marte, he spoke to Sammon this week, saying that he hopes to play for several more years and would be open to doing that as a Met. “Only God knows, but with continued good health, I’d love to have the opportunity to play at least three or four more years,” Marte said, “and continue to be part of this team and continue to help the young guys grow.”

Marte last reached free agency ahead of the 2022 season, when he was going into his age-33 campaign. He and the Mets agreed to a four-year, $78MM pact, which is now ending. The first year went well, as he slashed .292/.347/.468 for a 133 wRC+ and stole 18 bases.

However, he required groin surgery after that season and hasn’t been at that level since. He made multiple trips to the IL in 2023 and hit just .248/.301/.324 for a wRC+ of 75. He has bounced back somewhat in the two most recent seasons. He just hit .270/.335/.410 for a 112 wRC+ this year but, as mentioned, was mostly a DH. He only logged 65 innings in the outfield.

The bat is still decent but he’s about to turn 37 years old, so he’s probably ticketed for a part-time role somewhere. Based on Sammon’s piece, Marte seems to also provide intangibles as a clubhouse leader. That could help his market somewhat but he’ll have considerably less earning power than in his previous trip to free agency. As mentioned, the Mets have DH at-bats available, though they will probably wait to see how things go with Alonso and other free agents before they consider bringing back Marte.

Elsewhere on the roster, Andy Martino of SNY provides an update on left-hander Sean Manaea. Martino says Manaea finished the season with his elbow feeling good and may not need surgery, though the final decision will wait until after a cool-down period.

Manaea began the season on the injured list due to an oblique strain. He was working back from that injury in June when a loose body was found in his elbow. Despite that elbow issue, he made it back from the IL in July.

His results from there weren’t great, though there was less concern under the hood. A 5.64 earned run average is obviously not good but his 28.5% strikeout rate and 4.6% walk rate were both strong. He allowed 13 home runs in just 60 2/3 innings, with a home run to flyball rate of 19.4% in that small sample. His 3.08 SIERA, a measure that corrects for such abnormalities, suggested his ERA would have been much better with some normalization in a larger sample size.

The Mets signed the lefty to a three-year, $75MM deal coming into this season. They will obviously want him to be fully healthy and back to his usual self next year, especially with questions all throughout the rest of their rotation. The fact that he’s trending towards not needing surgery is encouraging, though further updates should be forthcoming in the future.

Photo courtesy of Brad Mills, Imagn Images

MLBTR Podcast: Mike Elias On The State Of The Orioles

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Orioles president of baseball operations Mike Elias to discuss…

  • Elias’s promotion from general manager to president of baseball operations (1:45)
  • Why the Orioles underperformed in 2025 (3:30)
  • The club’s lack of investment in free agent pitching (5:25)
  • The decision making about playing time for prospects when they don’t find immediate big league success (9:20)
  • How Adley Rutschman and Samuel Basallo can co-exist on the roster (12:35)
  • Getting six prospects from the Padres in the Ryan O’Hearn and Ramón Laureano trade (14:50)
  • Trading Bryan Baker to the Rays for a draft pick (16:55)
  • Seeing the potential in O’Hearn before his breakout (18:45)

Plus, Steve Adams of MLB Trade Rumors joins the show to discuss…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of Tim Heitman, Imagn Images

Pete Alonso To Opt Out Of Mets Contract, Enter Free Agency

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Pete Alonso is returning to free agency, as the Mets first baseman told the New York Post’s Mike Puma and other reporters that he won’t be exercising his player option for the 2026 season.  Alonso will instead leave his $24MM salary on the table and head to the open market in search of a longer and more lucrative deal.

The announcement came just minutes after the Mets’ season-ending 4-0 loss to the Marlins, which officially eliminated New York from postseason contention and put a coda on the club’s devastating second-half swoon.  Given the timing, Alonso’s statement adds to the sting of a dismal day for Mets fans, yet there wasn’t much point in Alonso waiting a few more weeks to make what seemed like an obvious decision.  Even dating back to when Alonso signed his two-year, $54MM deal last February, there was little doubt that he would be re-entering free agency again this winter.

Over 709 plate appearance and a full 162 games played, Alonso hit .272/.347/.524 with 38 home runs.  This is the best batting average Alonso has posted over his seven Major League seasons, as well as his second-best slugging percentage.  Alonso’s 141 wRC+ is tied for his second-highest career mark in that category.  His 144 wRC+ from his 53-homer rookie year in 2019 remains his career peak, but the 141 number is well above the 121 wRC+ Alonso delivered over the 2023-24 seasons.

The “Polar Bear” had a lower walk rate in 2025 than in 2024, but he also reduced his strikeout rate.  His already-strong hard-hit ball rate jumped up to elite levels, as his 54.3% hard-hit ball rate ranks in the 96th percentile of all batters.  It all adds up to a stronger platform year for Alonso than his free agent trip last year, when his market never seemed to gel and he ended up settling for his short-term deal with New York.  Alonso is also no longer eligible to receive a qualifying offer, so teams will no longer have to surrender any draft compensation to make a signing.

Some questions will still linger for potential suitors.  Alonso turns 31 in December, and he remains a first base-only player whose limited glovework is rated negatively by public defensive metrics.  Several clubs will be wary about making a huge financial commitment to a player in his 30s who might already be best suited to DH duty, which automatically puts some limits on Alonso’s market.

Still, Alonso’s power is hard to ignore, and he would provide an immediate jolt to any lineup in search of a hitting upgrade.  Agent Scott Boras has a long history of eventually finding his contracts for his clients, even if perhaps they first need to take a shorter-term, opt-out laden deal like Alonso did last winter as a stop-gap.

Alonso famously turned down a seven-year, $158MM extension offer from the Mets back in 2023 (when Alonso wasn’t represented by Boras), and he has already made $50.5MM over the 2024-25 seasons — a $20.5MM salary in his final arbitration-eligible year of 2024, and a $20MM salary and $10MM signing bonus in 2025.  In that sense, Alonso needs to land a five-year, $107.5MM contract this winter to at least match the money left on the table in that extension offer, and a five/$107.5 deal certainly seems feasible in the wake of his big 2025 numbers.

Could another reunion with the Mets be in the offing?  While owner Steve Cohen is known to be a big Alonso fan, he was public about his displeasure with the nature of negotiations with Alonso’s camp last offseason, and it looked for a while like Alonso would be signing elsewhere.  Who knows if any hard feelings may still exist, and this winter, it certainly seems less likely that Alonso will be willing to settle for much below his asking price.  If Cohen or president of baseball operations David Stearns continue to hold a hard line on their valuation of an Alonso contract, Alonso’s time in Queens might finally be up.

The Mets’ collapse could work for or against Alonso’s chances of a return.  On the one hand, Alonso was clearly not part of the problem, so Cohen might decide to throw financial caution to the wind to bring back a fan favorite slugger.  On the other hand, the Mets might prefer to direct their biggest spending towards their larger need of pitching help, and address first base either with a lower-cost acquisition or an internal answer.  Mark Vientos looked like a possible in-house replacement at first base after his breakout 2024 campaign, but Vientos’ lackluster 2025 numbers raised several doubts about his viability as a long-term part of New York’s lineup.

Poll: Who’s The Best Pure Hitter In This Winter’s Free Agent Class?

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In the context of free agency, MLB players are typically graded on their overall long-term value and earning power. MLBTR’s annual Top 50 MLB Free Agents list is typically topped by all-around star talents who are in the midst of their prime years. Juan Soto, Shohei Ohtani, and Aaron Judge are outliers even among top-of-the-line free agents, but previous years saw well-rounded hitters still in their prime with substantial defensive value like Carlos Correa, J.T. Realmuto, and Anthony Rendon viewed as the top hitters available in free agency.

With all respect to Realmuto, however, even his best years haven’t seen him offer the kind of offensive firepower that someone like Nelson Cruz could offer within that very same free agent class. If a team was looking specifically for a impactful addition to the lineup, they might not necessarily be drawn to the top free agent position player. This winter, there’s little question about who the top free agent position player will be in terms of overall value and earning power. With that said, there’s a number of extremely impactful hitters who figure to be available. Who’s the best choice to transform a lineup? A look at some of the options:

Kyle Tucker

Ever since the Blue Jays signed Vladimir Guerrero Jr. to a massive extension shortly after Opening Day, there’s been virtually no debate who free agency’s top overall player would be this winter. Kyle Tucker spent years as a key cog in the Astros’ dynasty, and is one of the most impressive overall talents in the game at the moment. This ranking isn’t about earning power or even overall value, but Tucker remains one of the top players in the sport even when strictly looking at offensive production. Looking at his time in Chicago this year, the star outfielder has slashed .284/.394/.515 (153 wRC+) with more walks than strikeouts, 13 homers, and 18 steals across 72 games for a first-place Cubs team this year.

That’s a phenomenal performance, but Tucker has also been remarkably consistent throughout his career. Since his first full 162-game season in 2021, Tucker’s a 146 wRC+ hitter whose strikeout rate has always been below 16%. His walk rate has never fallen below 9%, and that combination of patience and contact ability is unmatched. Among the hitters with the 30 lowest strikeout rates in the sport, Tucker walks the most. Among the hitters with the 30 highest walk rates in the sport, Tucker strikes out the least. He’s the only player within the top 30 of both categories over the past five years, and he’s combined that with the power to hit 30 homers and the speed to steal 30 bases.

Pete Alonso

After finding an extremely soft market in free agency last year, Alonso returned to the Mets on a two-year deal that affords him the opportunity to opt out after the 2025 season. That opt-out opportunity seems certain to be exercised at this point, as Alonso has taken his game to the next level for his age-30 campaign. In 69 games this year, Alonso has slashed an incredible .293/.390/.570 (169 wRC+) in 72 games. In addition to his 17 home runs so far this year, Alonso’s floating a career-high 11.0% walk rate with his lowest strikeout rate (21.1%) since 2022 while swatting an NL-best 22 doubles.

Perhaps most exciting of all is that there’s some reason to believe he’s been even better than those numbers indicate. His 20.9% barrel rate is nothing short of absurd, his xwOBA is actually more than twenty points higher than his wOBA, and that .434 xwOBA is behind only Judge and Ohtani in the majors. He remains a limited defender who doesn’t excel at first base and will be returning to free agency at age 31, but none of that stops him from being one of the most dangerous hitters in the sport who would improve virtually any lineup.

Alex Bregman

Another star player who wound up signing a short-term deal this winter, Bregman took off early with the Red Sox and slashed .299/.385/.553 (158 wRC+) across 51 games while playing quality defense at third base. It was a hot enough start to raise the question of whether he’d consider opting out of the two years and $80MM remaining on his deal with the Red Sox this winter. That’s certainly still possible, but a “significant” quad strain has now sidelined him for the foreseeable future. A lengthy injury layoff could make Bregman hesitate to leave that much guaranteed money on the table, and this weekend’s blockbuster trade that sent Rafael Devers from the Red Sox to the Giants could leave Boston brass eager to keep their other star third baseman in the fold long-term.

Setting aside the possibility Bregman doesn’t even end up returning to the open market, it’s also worth noting that his underlying numbers aren’t as strong as his actual production so far this year. Bregman’s .331 BABIP this season is nearly fifty points higher than his career mark and with his strikeout rate the highest it’s been since 2018, it’s hard to imagine him maintaining his .385 on-base percentage long-term. Even so, Bregman’s looked rejuvenated in Boston after a down year during his final season in Houston. If he manages to return from injury looking strong, he’ll have put himself firmly in the conversation.

Kyle Schwarber

It’s been quite a while since Schwarber was available to teams in free agency, as what was at the time a career year in 2022 with the Nationals and Red Sox allowed him to land a four-year deal with the Phillies. Weak defense has pushed him into a full-time DH role over the years, but Schwarber’s bat has been everything Philadelphia could’ve hoped for when signing him. He’s slashed .224/.349/.494 (131 wRC+) with 153 homers in 538 games as a Phillie while walking at a 15.4% clip. That’s excellent offensive production, but what makes Schwarber truly stand out is the phenomenal walk year he’s in the midst of.

Through 71 games, 2025 has been the best season of Schwarber’s career by virtually every metric. He’s slashing .247/.379/.544 with a wRC+ of 155, his 16.2% walk rate is the fourth-highest figure in the majors this year, and he’s even cut his typically-high strikeout rate to a more manageable 26.1%, his lowest since 2019. He’s swatted 22 homers in 314 plate appearances as well, with a .297 ISO that trails only Judge, Ohtani, Cal Raleigh, and Corbin Carroll among qualified hitters this season. While he’ll be 33 next year, expected stats give no indication he’s at risk of dropping off, as his xwOBA has been almost 30 points higher than his actual wOBA this year.

Other Candidates

While Tucker, Alonso, Bregman, and Schwarber stand as the most likely candidates to enter free agency as the best hitter available, they’re far from the only possibilities. Paul Goldschmidt is a future Hall of Famer in the midst of a resurgent season at the plate, but he’ll be 38 next year and at risk of the sort of abrupt decline many hitters in their mid-to-late 30s face. Marcell Ozuna’s 145 wRC+ since the start of the 2023 season is the 11th-highest figure in all of baseball, but he’ll turn 35 this November and his power output has already dropped off considerably this year. Ryan O’Hearn has put up brilliant numbers for the Orioles this year with a 152 wRC+, but hasn’t shown an ability to hit lefties to this point in his career and lacks the track record of many of these other players.

Who do MLBTR readers think will be the most impactful pure hitter available in free agency this winter? Have your say in the poll below:

Who's The Best Pure Hitter In This Winter's Free Agent Class?
Kyle Tucker 72.97% (3,560 votes)
Kyle Schwarber 9.33% (455 votes)
Pete Alonso 8.87% (433 votes)
Alex Bregman 6.68% (326 votes)
Other (Specify In Comments) 2.15% (105 votes)
Total Votes: 4,879

Player Option/Opt-Out Update: April Edition

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The increasing popularity of opt-outs/player options as a means to close the gap in free agent signings and extensions has changed the face of free agency entirely. Not long ago, opt-outs were perks reserved for the game’s truly elite stars — a benefit to help differentiate nine-figure offers and secure the game’s top stars.

In 2025, they’re downright commonplace. Opt-out laden short-term deals have become a common alternative to the more conventional one-year pillow contract that a player in search of a rebound campaign might pursue. They’ll also provide a soft landing for a veteran whose market didn’t materialize as expected, even coming off a productive season. Some teams simply use them as a means of sweetening the pot even when negotiating with mid- and lower-tier free agents. The Royals gave opt-outs/player options to both Chris Stratton and Hunter Renfroe two offseasons ago. The Reds did the same with Emilio Pagan and Nick Martinez. Tucker Barnhart, Trey Mancini and Ross Stripling are just a few of the other recent examples of solid but non-star veterans to land such clauses in their free agent contracts.

At their core, opt-out provisions aren’t particularly different from club options that have been widely accepted as commonplace for decades. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin, one favoring the team and the other favoring the player.

There are 16 players around the league this year who’ll have the right to opt into free agency at season’s end, depending on their performance. (Conversely, there are 27 players with club options.) We’ll periodically take a look at this group over the course of the season, as their performances will have a major impact on the 2025-26 market. For more context, you can check out our full list of 2025-26 MLB free agents as well as the first installment of our recent 2025-26 MLB Free Agent Power Rankings, wherein we rank the top 10 free agents in terms of earning power. Darragh McDonald, Anthony Franco and I recently discussed the decision process behind those rankings in the latest episode of the MLB Trade Rumors Podcast.

Onto this year’s group!

Pete Alonso, 1B, Mets | One year, $24MM remaining

Alonso looked like a good bet to opt out from the moment he agreed to terms on his front-loaded two-year, $54MM contract. That he’s been one of the best hitters on the planet in the season’s first three weeks only improves that likelihood. The 30-year-old slugger is slashing a comical .365/.474/.730 with five homers, eight doubles and more walks (12) than strikeouts (10) through his first 78 turns at the plate. Alonso is chasing pitches off the plate at a career-low 19.1% rate and is sporting the best contact rate of his career at 82.8%. He’s doing all of that with career-best marks in average exit velocity (96.3 mph), barrel rate (24.1%) and hard-hit rate (61.1%). Alonso has been an absolute monster, and the fact that he can’t receive a qualifying offer — players can only receive one in their career, and he rejected one last November — is a cherry on top of his dominant output.

Cody Bellinger, OF/1B, Yankees | One year, $25MM remaining (Bellinger receives $5MM buyout if he opts out)

Bellinger posted All-Star numbers with the 2023 Cubs, signed back for three years with a pair of opt-outs and hit well in 2024 — just not to his 2023 standard. Traded to the Yankees this past offseason, many thought he was primed for a rebound because of the favorable dimensions at Yankee Stadium. It hasn’t played out that way. Through his first 62 plate appearances, Bellinger looks more like the lost version of himself from 2021-22 than the strong performer we saw in ’23-’24. He’s hitting .185/.242/.296 with what would be career-worst strikeout and swinging-strike rates of 29% and 15.2%, respectively. When he’s made contact, it’s been loud (90.8 mph average exit velocity, 53.5% hard-hit rate) — and there’s still plenty of time to turn things around. It’s not the start he or the Yankees hoped for, however.

Shane Bieber, RHP, Guardians | One year, $16MM remaining (Bieber receives $4MM buyout if he opts out)

Bieber has yet to pitch this season as he rehabs from last year’s Tommy John surgery. Cleveland has yet to place him on the 60-day injured list, which could offer some optimism regarding his timetable for a return, but he’s not on a minor league rehab assignment yet. At last check, he was targeting a return around the All-Star break.

Alex Bregman, 3B, Red Sox | Two years, $80MM remaining (Bregman can opt out again after 2026)

Bregman has started his Boston tenure on a tear, hitting .321/.365/.564 with four big flies in 85 plate appearances. He’s been 62% better than average, by measure of wRC+, but there are still some of the same red flags he displayed early in the 2024 season. During his peak, Bregman was one of the sport’s toughest strikeouts and showed outstanding plate discipline. From 2018-23, he walked in 13.8% of his plate appearances against a puny 12.3% strikeout rate. Bregman’s walk rate fell off a cliff last season, and it hasn’t recovered so far in 2024. He’s drawn only four free passes (4.7%). More concerning, he’s fanned 18 times, leading to what would be a career-worst 21.2% strikeout rate. Bregman’s chase rate is down, and he’s still making elite contact within the strike zone, but he’s making contact on a career-low 56.5% of his swings on balls off the plate. If he keeps hitting like this, it probably won’t matter, but it’s something to watch as the season continues.

Edwin Diaz, RHP, Mets | Two years, $37MM remaining (Diaz can opt out again after 2026)

Diaz had a nice return from a 2023 season lost to a knee injury in 2024, pitching to a 3.52 ERA with a 38.9% strikeout rate against a 9.3% walk rate. It wasn’t quite his usual level of dominance, but most relievers would happily take a 39% punchout rate in a “down” season. Things aren’t going as well in 2025. Diaz’s four-seamer is sitting at a career-low 96.4 mph, per Statcast. That’s down 1.1 mph from last year’s mark and 2.5 mph from his 99.1 mph peak in 2022. If he were still overpowering opponents, it wouldn’t matter much, but Diaz has been tagged for five runs on six hits and five walks in 6 2/3 frames. That’s a 16% walk rate, and he’s already tossed four wild pitches — more than he did in 53 2/3 innings a year ago. The caveat with everyone on this list is that we’re all of 11-12% through the season, but the early trendlines aren’t good for Diaz.

Jack Flaherty, RHP, Tigers | One year, $10MM remaining (increases to $20MM once Flaherty makes 15 starts)

Flaherty’s heater is down nearly a mile per hour, and his walk rate is up from 5.9% to 10.3% … but that’s in a span of 21 1/3 innings. He’s still getting strikeouts at a plus level (28.7%), and the bottom-line results are good: 2.53 ERA. Flaherty seems healthy, which will be a big factor for him — both in terms of boosting his stock ahead of a potential return to free agency and in boosting his 2026 salary if he winds up forgoing the opt-out opportunity. If he can deliver a third straight season of 27-plus starts and a second straight year with a plus strikeout rate and low-3.00s (or even mid-3.00s) ERA, the market will likely reward him with the long-term deal that eluded him this past winter. Flaherty doesn’t turn 30 until October. He’ll have a chance at a deal ranging from four to six years in length if he comes close to replicating his 2024 performance. One potential downside: he was traded last summer and thus ineligible to receive a qualifying offer. If the Tigers contend all season, as expected, they’ll be able to make Flaherty a QO if he opts out.

Lourdes Gurriel Jr., OF, D-backs | One year, $18MM remaining

Though he’s one of the most consistent hitters in the sport, Gurriel is out to a woeful start in 2025. His D-backs are red-hot, but their current win streak comes in spite of an anemic .145/.176/.304 start from their everyday left fielder. Gurriel has some of the best contact skills in MLB, fanning in only 17.3% of his plate appearances and making contact on just shy of 90% of his swings in the zone dating back to 2022. He’s punched out in what would be a career-low 13.5% of his plate appearances this year, but he’s staring down a .121 average on balls in play. He should be due for a course correction, but it’s worth noting that he’s hitting more fly-balls and fewer line-drives than ever, which is going to naturally suppress his BABIP a bit (although certainly not to this extent). Gurriel is owed $13MM in 2026 and has a $5MM buyout on a $14MM club option for 2027. He’d need to be confident he could top not just $18MM but probably that he’d top two years and $27MM; the hefty nature of that buyout makes him a net $9MM decision for the D-backs in 2027, which seems like a price they’ll be willing to pay.

Ha-Seong Kim, SS, Rays | One year, $16MM remaining

Kim is still finishing up the rehab from last October’s shoulder surgery. He’s expected back mid-to-late May, which would give him about four months to prove he’s back to form. A healthy Kim would’ve been a coveted free agent who could’ve commanded four or more years in free agency. A plus defender at three positions and a plus runner with enough power to pop 10 to 20 homers annually, Kim will be in high demand next offseason if the shoulder injury doesn’t prove a major drain on his offensive capabilities.

Seth Lugo, RHP, Royals | One year, $15MM remaining

Lugo’s rise from reliever to starter to Cy Young finalist has been remarkable. He’s gotten decent results in 2025, with a 3.86 ERA in his first 23 1/3 innings, but his strikeout and walk rates are nowhere near last year’s marks. After fanning 21.7% of his opponents against a pristine 5.7% mark last year, the 35-year-old Lugo currently sports respective rates of 17% and 9.6%. His velocity is below par (92.2 mph average fastball) but right in line with last year’s levels. A year and $15MM should be the floor for a healthy Lugo, even if he doesn’t repeat his brilliant 2024 season. That’s the same mark that older starters like Charlie Morton, Justin Verlander, Alex Cobb and Max Scherzer (well, $15.5MM) received this past offseason. The Royals could tag him with a qualifying offer if he opts out, which would give him a tougher call on a one-year deal that should be worth more than $21MM. That said, if Lugo comes anywhere close to last year’s results, he’d turn that down in pursuit of a multi-year deal.

A.J. Minter, LHP, Mets | One year, $11MM remaining

Minter’s 94.3 mph average fastball is a career-low, but it’s only narrowly shy of his 2024 mark (94.5 mph). It’s feasible that as he further distances himself from last year’s hip surgery, that number could tick up, too. He’s pitched 8 1/3 innings, allowed a pair of runs on five hits and a walk, and punched out a dozen hitters. That’s a whopping 38.7% strikeout rate. So far, Minter is missing more bats within the strike zone than ever before; opponents have an awful 73% contact rate on his pitches in the zone (compared to the 85% league average). Minter landed two years and $22MM with an opt-out when he was coming off hip surgery. He should be able to top a year and $11MM so long as he’s healthy and pitches to his typical levels. So far, so good.

Frankie Montas, RHP, Mets | One year, $17MM remaining

Montas has yet to pitch in 2025 after suffering a lat strain during spring training. He’s yet to begin a minor league rehab stint but, like Bieber, also has not been placed on the 60-day injured list yet. The size of the Mets’ commitment to Montas this winter registered as a bit of a surprise even when he was thought to be healthy. He’ll need a strong few months to walk away from $17MM guaranteed.

Tyler O’Neill, OF, Orioles | Two years, $33MM remaining

The biggest question with O’Neill is whether he can stay healthy enough to position himself for an opt-out. He’s mashing with a .265/.339/.490 slash and two homers through 56 plate appearances. (One of those big flies extended his ludicrous MLB record of six straight Opening Days with a long ball.) He’s also missed the past couple games due to neck discomfort. O’Neill has never played in more than 138 games in a season, and he’s only twice reached 100 games in a year. (He did play 50 of 60 games in the shortened 2020 season.) O’Neill’s 21.4% strikeout rate would be a career-low, but his actual contact rate and swinging-strike rate aren’t career-best marks. It’s hard to see him sustaining that career-low strikeout rate as a result, but O’Neill’s power is substantial enough that he can be a productive hitter even running strikeout rates approaching/exceeding 30%.

Joc Pederson, DH/OF, Rangers | One year, $18.5MM remaining (Rangers can counter opt-out by exercising 2027 club option for $18.5MM)

Signed to help the Rangers remedy their 2024 ineptitude against fastballs, Pederson has instead turned in a career-worst performance against heaters (and every other offering). It’s only 16 games, but Pederson has collected just one hit against fastballs in 2025 — a single. It’s an alarming development for a hitter who carries a lifetime .244 average and .521 slugging percentage against four-seamers. Pederson has compiled an unfathomable .060/.161/.080 slash in 57 plate appearances. He’s still making a fair bit of hard contact, but most of it is resulting in grounders. His 55.6% ground-ball rate and 2.8% (!) line-drive rates are career-worst marks. There’s no earthly way he can continue to struggle this much, but he’ll need quite the turnaround for that opt-out provision to come into play.

Wandy Peralta, LHP, Padres | Two years, $8.9MM remaining (Peralta can opt out again after 2026)

Peralta posted a career-worst 13.6% strikeout rate in year one of his four-year pact with San Diego in 2024. He passed on his first opt-out opportunity, and understandably so. It’s early, but the veteran lefty has more than doubled last year’s awful 8.3% swinging-strike rate, which now sits at 16.8% through 8 1/3 innings. Peralta is generating chases on an eye-popping 40% of his pitches off the plate, and his opponents’ 44.4% contact rate on those swings is the second-best mark of his career. He’s all but shelved his four-seamer, is barely using his slider, and is leaning hard into a sinker/changeup combo. He won’t sustain a 1.08 ERA, of course, but if he keeps piling up grounders and whiffs, he’ll have a good case to opt out, even at age 34.

Trevor Story, SS, Red Sox | Two years, $55MM remaining

It’s hard to believe we’re already in year four of Story’s six-year deal with Boston — in part because we simply haven’t seen him in a Red Sox uniform all that often. The former Rockies All-Star played in only one-third of the team’s games through the first three years of the contract. Injuries have decimated Story in recent years, and he produced a middling .232/.296/.397 line when healthy enough to play from 2022-24. He’s out to a much better start in 2025, playing in 20 games (already just six shy of last year’s total) and recording a .299/.325/.442 line with three homers. A 3.8% walk rate, 30% strikeout rate and .400 BABIP through 80 plate appearances don’t bode especially well, but to his credit, Story is torching the ball; he’s averaging 90.3 mph off the bat and has even better marks in barrel rate (11.3%) and hard-hit rate (54.7%). It’s hard to see him turning down the two years and $55MM after he’s been injured so much in Boston, but he’s enjoying a fine start to the year.

Robert Suarez, RHP, Padres | Two years, $16MM remaining

Suarez’s name popped up late in the offseason rumor mill, but he was always going to be a tough trade candidate because of this two-year player option. If he performed well, he’d opt out, and if he struggled and/or got hurt, the acquiring team would be saddled with two unwanted years. Such is the nature of trading anyone with a player option/opt-out. Suarez stayed put, and the Padres have to be thrilled. He’s 8-for-8 in save opportunities, hasn’t allowed a run in nine innings, and is boasting a 31.3% strikeout rate against a 6.3% walk rate. That strikeout rate is supported by a huge 16% swinging-strike rate. Suarez looks unhittable right now, just as he has in the past when at his best. There’s a lot of season left, and things can go south in a hurry for relievers in particular, but a player couldn’t ask for a better start to a platform season.

Phillies “Checked In” On Pete Alonso During Offseason

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Before Pete Alonso re-signed with the Mets, the Phillies were among the teams that “checked in” on the first baseman’s free agent market, the New York Post’s Jon Heyman writes.  Rather than make the jump elsewhere in the NL East, Alonso returned to Queens on a two-year, $54MM deal that allows Alonso to opt out after the 2025 season.

This is the first time the Phils’ interest in Alonso has been made public, though Bryce Harper dropped some hints earlier this week when he was discussing his willingness to eventually move back to his old right field position.   “When Pete was on the block still, I kind of sat there and was like, ‘Hey, why not?’ ,” Harper said.  “When we talked about it, I kind of just reiterated to (the Phillies) and Scott (Boras) that I’m willing to move out there if it’s going to help us.  I love playing first base.  It’s been great.  But if it’s going to help us win, I’d go back out there [to the outfield].”

Despite Harper’s stance, there isn’t any indication that the Phillies made any serious push towards Alonso, or that their interest might have been anything more than due diligence.  As a big-market, free-spending team, the Phils have the relative freedom to explore signing just about any available free agent, and president of baseball operations Dave Dombrowski is no stranger to splashy acquisitions.  If anything, it might have been more unusual if Philadelphia didn’t at least consider Alonso, particularly (as Harper noted) once February rolled around and Alonso remained unsigned.

Alonso’s hopes at landing a lucrative long-term contract didn’t work out, leaving Alonso and agent Scott Boras (who also represents Harper) pivoting to shorter-term deals that included an opt-out clause.  The Blue Jays reportedly offered Alonso a three-year deal worth roughly $80-$85MM, but the slugger instead took the shorter contract from New York with the higher average annual value.

Because Alonso ultimately preferred to remain in Queens anyway, it’s safe to guess that he probably wouldn’t have jumped to a division rival if the Phillies had offered the same contract structure as the Mets, plus a few extra dollars.  Hypothetically, if Alonso had gone to Philadelphia, Harper would’ve moved into right field, making for a crowded situation in the Fightins’ outfield.  With Kyle Schwarber locked in as the everyday DH, Alonso at first base, and Harper getting everyday at-bats in right field, Nick Castellanos and new signing Max Kepler would’ve been squeezed into a platoon in left field.

Signing Alonso even at that relative bargain price also wouldn’t have exactly been a bargain in luxury tax terms.  The Phillies are already projected (via RosterResource) for a tax number of roughly $307.5MM in 2025, which is over the maximum penalty tier of $301MM.  The Phillies have paid the tax in each of the last three seasons, so the repeater penalty on top of the penalty for exceeding the $301MM threshold would’ve cost Philadelphia a 110% surcharge for every dollar spent above the $301MM total.

The number of big contracts on the Phillies’ books could explain why the club had a relatively quiet winter, as the Phillies made a few mid-tier signings (Kepler, Jordan Romano, Joe Ross) and swung one prominent trade to acquire Jesus Luzardo from the Marlins.  Still, after their playoff disappointment in 2024, the Phils were expected by some to perhaps be more aggressive in making one more headling-grabbing move as something of a final touch to put the roster over the top.

Checking in with Alonso now, however, might’ve been a move to really lay groundwork for next winter, assuming he triggers his opt-out clause.  While the Phillies have designs on signing Schwarber to an extension, his departure would open up a bit more flexibility on the roster and on the payroll, perhaps opening the door for Philadelphia to pursue Alonso or another big bat.

Alonso told Heyman that he is happy to back with the Mets, and he has “no regrets” about how his free agency developed.  He also noted that bigger-picture concerns overshadowed any worries he had about the lingering nature of his free agent stint, as Alonso spent much of his winter overseeing the repair of his home in Tampa.

“Hurricane Helene wiped out our house.  It just puts things in perspective,” Alonso said.  “Nothing really seemed that big of a deal after losing our house.  It’s like, what else?  OK, we have to wait a few extra few weeks.  OK, so what?“

Steve Cohen Discusses Mets’ Long-Term Spending Plans

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Mets owner Steve Cohen spoke with reporters on Tuesday morning, discussing the organization’s spending outlook after another huge offseason. Cohen acknowledged that a winter involving a record-setting Juan Soto contract and retaining Sean Manaea and Pete Alonso pushed spending beyond his initial expectations.

“It always seems like ballplayers are more expensive than you think,” the owner told reporters (including Newsday’s Tim Healey and Jorge Castillo of ESPN). “Listen, I have the ability to spend if I have to. I want to win. And I want to put the best team I can on the field. But free agency is expensive. … Even this year, I had a thought of where I wanted to be, and I’ve already blown through it. And I really wanted to be there. And just circumstances created, ’all right, I have to adapt my thinking.'”

Landing Soto required an eye-popping $51MM average annual value that handily shattered previous precedent. They successfully waited out Alonso’s market to avoid a long-term commitment, getting him on a two-year deal with an opt-out after the first season. That comes with a lofty $27MM AAV and a $30MM figure for the upcoming season, so it’s still a huge investment in 2025. Manaea landed three years and $75MM (albeit with deferrals), while Frankie Montas, Clay Holmes and A.J. Minter all secured multi-year contracts with eight-figure salaries.

RosterResource projects New York’s raw payroll around $331MM. Their competitive balance tax estimate is slightly lower at $325MM. Those seem to be within the ballpark, as Cohen told reporters that he expects to finish the season with a payroll in the $340MM range after accounting for in-season pickups (i.e. waiver claims and trade deadline acquisitions).

That could theoretically also include a Spring Training free agent move. There’s been some thought that the Mets could try to add to the rotation after the recent revelation that Montas will be out for an extended stretch because of a lat injury. Jose Quintana is arguably the best unsigned starting pitcher, but it seems the Mets aren’t circling back to the veteran southpaw. Mike Puma of The New York Post reported this morning that while Quintana has expressed interest in returning to Queens, the Mets haven’t been involved in his market.

The Mets will enter the year with the second-highest payroll in MLB behind the Dodgers. It’ll be the fourth straight season in which they not only pay the luxury tax but find themselves in the highest penalization tier. That’s $60MM above the base threshold. It was implemented in the 2022 collective bargaining agreement largely in response to other owners’ concerns that Cohen would blow the rest of the league away in spending. Teams that land in the top tax bracket and have paid the CBT in three or more consecutive seasons are charged a 110% tax on spending beyond that number, which lands at $301MM this year.

While the Mets are going to be firmly in that tier in ’25, Cohen said he’s hopeful of ducking below that line in future seasons. “I’d like to get below the Cohen Tax,” he said, alluding to the informal name for the highest tax bracket. “We sure it’s about me? There’s a lot of Cohens out there.” To that end, he somewhat downplayed the possibility of signing another extended megadeal next offseason. “You really can’t have too many long-term contracts, because then you lose your roster flexibility, so you need to be really careful,” he said. “But I’ll let my baseball people make that decision.”

This isn’t the first time that Cohen has spoken broadly about wanting to cut back spending over the long term. That hasn’t really happened. They ended last year with a tax number around $348MM, so this season is likely to represent a slight spending cut. RosterResource estimates their CBT number for 2026 around $206MM. Starling Marte’s four-year deal wraps up after the season, as do the one-year signings of Jesse Winker, Griffin Canning and Ryne Stanek. Alonso, Montas, Minter and Edwin Díaz all have opt-out chances.

Of that group, Alonso is most likely to retest the market. The star slugger didn’t find the long-term interest he’d expected, leading to the pillow deal. Alonso acknowledged that it represented “a bridge thing just to get to the next contract” (link via Tim Healey of Newsday). He conceded that his past two seasons have been below his peak standards, which contributed to a shorter deal. Alonso declined a three-year proposal from the Mets in order to take a more frontloaded two-year guarantee. Jon Heyman of the New York Post wrote over the weekend that the Mets and Blue Jays had each made proposals earlier in the offseason in the $85MM range which included some amount of deferred money.

Alonso also said that the qualifying offer had a greater impact on his market than he’d anticipated. Any team other than the Mets would have forfeited a draft choice and/or international bonus pool space to sign him. The Mets merely relinquished the right to a fourth-round compensation pick to retain their own free agent. Players can only receive the QO once in their careers, so Alonso is positioned to hit the market unencumbered next offseason. He indicated he has no hard feelings with the Mets about how this winter played out and said it’d be “fantastic” if the sides eventually work out a longer-term contract.

Mets Re-Sign Drew Smith

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February 13: The Smith signing is official, per Joe DeMayo of SNY. Righty Christian Scott, who is also recovering from Tommy John surgery, was transferred to the 60-day IL in a corresponding move. Smith was himself then transferred to the 60-day IL as the corresponding move when the Pete Alonso signing became official.

February 12: The Mets will extend their relationship with their longest-tenured pitcher, as they’ve reportedly agreed to a one-year deal with right-hander Drew Smith, which contains a club option for the 2026 season. Smith, who’s rehabbing from Tommy John/internal brace surgery performed last July, will be paid $1MM in 2025. His club option is valued at $2MM. The MVP Sports client can boost those totals by way of some yet-unclear incentives.

Smith, 31, has pitched parts of six big league seasons with the Mets. He’s been a fixture in their late-inning mix over the past four years, logging a combined 3.35 ERA, 26.2% strikeout rate and 10.2% walk rate in that time. Smith has worked plenty of high-leverage spots, recording 33 holds and five saves in 156 appearances while being credited with only four blown saves during that time.

The surgery for Smith was deflating in multiple aspects. It not only knocked him out of the team’s Grimace- and OMG-fueled postseason run, it also coincided with the run-up to his first trip into free agency. A healthy Smith would’ve been an easy candidate for a guaranteed multi-year deal at a decent annual rate. On top of that, it’s the second Tommy John procedure of his career. After a solid big league debut in 2018, he missed the 2019 campaign due to the same procedure.

Depending how long the rehab process takes this time around, Smith could at least potentially be a late-season and/or October option for the Mets. Should he make it back, he’d join a relief corps also featuring Edwin Diaz, A.J. Minter, Ryne Stanek, Reed Garrett and Jose Butto.

For now, once the deal is finalized, Smith will quickly be placed on the 60-day injured list. The Mets will technically need to open a spot for Smith before they can move him to the 60-day IL, but that can be accomplished by placing Christian Scott (also recovering from Tommy John surgery) on the 60-day IL. Smith could move to the 60-day himself once an additional spot is needed for another free agent signing, waiver claim, or the selection of a non-roster invitee to the 40-man roster later in camp.

With the Mets in the top tier of luxury penalization, the Smith reunion will actually cost them about $2.1MM overall (the $1MM salary plus a 110% tax). Those same taxes will apply to whatever incentives he unlocks this year (and next year, if the Mets are again in the top penalty tier in 2026). That’s a drop in the bucket for a club running a cash payroll north of $330MM and looking at roughly $110MM worth of taxes on top of that sum.

Mark Feinsand of MLB.com first reported the agreement and structure. Jon Heyman of the New York Post added details on the guaranteed money and option value.

Mets Re-Sign Pete Alonso

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February 12: The Mets officially announced their deal with Alonso today.

February 5: The stalemate between Pete Alonso and the Mets is over. New York is reportedly in agreement on a two-year, $54MM deal with the star first baseman. Alonso, a client of the Boras Corporation, can opt out after the upcoming season. He receives a $10MM signing bonus and a $20MM salary for 2025. He’ll essentially have a $24MM player option for the ’26 campaign. The deal comes with a $27MM average annual value for luxury tax purposes. Alonso chose the two-year deal over a separate offer from the Mets that would have guaranteed $71MM over three seasons.

Alonso, who turned 30 in December, returns to Queens for a seventh season. He has been one of the faces of the franchise since his electrifying debut. Alonso led the majors with 53 home runs en route to a runaway Rookie of the Year win in 2019. That still stands as the all-time rookie home run record. He connected on 16 longballs in the shortened follow-up season and has topped 30 homers in each of the last four years.

That’s a testament not only to his massive power but to his exceptional availability. Alonso has played at least 152 games in each of his five full seasons. He appeared in all 162 contests last year. His only career injured list stint was a minimal stay in 2023 related to a bone bruise in his left wrist. Over the last six seasons, only Marcus Semien has played in more games. Semien and Freddie Freeman are the only hitters with more plate appearances.

On a rate basis, Alonso’s production has dropped in consecutive seasons. He carried a .261/.349/.535 batting line through his first four seasons. Alonso hit another 46 homers in 2023, though he did so with career-low marks in batting average (.217) and on-base percentage (.318). His average and OBP rebounded slightly last season, but his power ticked down. Alonso hit .240 with a .329 OBP and a career-low .459 slugging percentage across 695 plate appearances. His 34 homers and 88 runs batted in were each personal worsts over a full schedule.

It was a pedestrian year rather than a bad one. There’s clear value in a player who hits 34 home runs in a relative down season. Still, it was the second straight year in which Alonso’s offensive production was below his early-career level. He’s a .229/.324/.480 hitter since the start of the ’23 campaign. That checks in 21 percentage points better than league average, as measured by wRC+.

By that statistic, Alonso ranks ninth in overall offense among the 35 first basemen with at least 750 plate appearances over the past two seasons. He’s just behind Cody Bellinger and Josh Naylor and narrowly ahead of LaMonte Wade Jr., Luis Arraez and Christian Walker. Alonso’s durability and power gives him a higher offensive ceiling than the rest of that group. Nevertheless, his recent rate metrics have put him alongside those hitters and a clear step down from Freddie Freeman, Vladimir Guerrero Jr. and Bryce Harper at the top of the position.

Alonso’s on-field value lies in the bat and his durability. He doesn’t provide baserunning value. His defensive grades at first base are middling. Defensive Runs Saved put him at three runs below par last season and has given him a +2 mark for his career. Statcast had him six runs below average in 2024 and grades him at 18 runs under par overall. FanGraphs and Baseball Reference have both valued Alonso around 2-3 wins above replacement in each of the last two seasons.

Of course, Alonso’s value to the Mets extends beyond that production. He’s a homegrown star who is already third on the organization’s home run leaderboard. He is 16 homers shy of David Wright for second place and only needs 27 longballs to surpass Darryl Strawberry for the franchise record. He’ll almost certainly break that record, likely next season.

Alonso was also a key contributor during New York’s run to last year’s NL Championship Series. He saved the season in the Wild Card series with his three-run shot off Devin Williams in the ninth inning of Game 3. That was one of four longballs he hit in October. Alonso slashed .273/.431/.568 across 58 postseason plate appearances. Modern front offices are generally wary about putting much stock in small-sample playoff numbers, though, and Alonso’s unexceptional regular season worked against him in free agency.

The four-time All-Star hit the market envisioning a strong nine-figure deal. His camp presumably sought something in the range of the Matt Olson and Freeman contracts. Olson inked an eight-year, $168MM extension with the Braves; Freeman signed a six-year, $162MM guarantee with the Dodgers, though deferrals dropped the net present value closer to $148MM.

At one point, the Mets valued Alonso similarly. Joel Sherman of the New York Post has reported that Alonso declined a seven-year, $158MM extension offer in June 2023. That would have bought out his final arbitration season and six free agent years. Alonso made $20.5MM in his last arbitration year, so he’d need to beat $137.5MM over the next six seasons to come out ahead in that decision.

Circumstances have changed significantly since the Mets made that offer. Alonso has switched his representation to the Boras Corporation. The Mets moved on from then-GM Billy Eppler and installed David Stearns at the top of baseball operations. The Brewers rarely invested heavily in first basemen, even via arbitration, during Stearns’ tenure as Milwaukee’s general manager. He’s operating with a much different payroll ceiling under Steve Cohen’s ownership, but this generally hasn’t been his preferred player archetype.

While Stearns and Cohen maintained that they wanted Alonso back, they didn’t want to do so on a long-term deal. They made the obvious decision to put forth a qualifying offer, which the slugger easily rejected. It seems they held off on going beyond three years. As his free agency dragged, Alonso moved off his desire for a long-term deal in talks with the Mets. His camp reportedly pitched a three-year term with multiple opt-out chances. Financial specifics aren’t clear, but the Mets countered with a three-year proposal in the $68-70MM range in the middle of January. After Alonso declined, the Mets signaled they were willing to move on to contingencies.

Whether the Mets actually believed Alonso would walk or were merely signaling that as negotiating leverage, they must come away pleased with the result. The Mets reportedly had two different offers on the table: a three-year, $71MM proposal or the two-year deal which he ultimately accepted. Will Sammon of The Athletic reports that the three-year term also included an opt-out after the first season and would have broken down as a $27MM salary in year one followed by $22MM salaries if he didn’t opt out. Alonso preferred the extra $3MM in the first season, betting on himself to play well enough to take the out clause next winter.

The Mets keep the term short and retain Alonso on a deal that more closely resembles the two-year contracts signed by Rhys Hoskins ($34MM with Milwaukee) and Joc Pederson ($37MM with Texas) than the Olson or Freeman precedents. It’s an ideal cap to a dangerous lineup. The Mets won the Juan Soto bidding on the record-shattering $765MM deal as the Winter Meetings were getting underway. New York brought back Jesse Winker to serve as their designated hitter, at least against right-handed pitching. That’ll keep Mark Vientos at third base for another season. Francisco Lindor, Brandon Nimmo and Francisco Alvarez are key holdovers, with Jeff McNeil and one of Tyrone Taylor or Jose Siri rounding out the projected starting nine.

Keeping Vientos at third base blocks the clearest path to playing time for younger infielders Brett Baty, Luisangel Acuña and Ronny Mauricio. The latter two could push McNeil for reps at second base. They all have a minor league option remaining, so the Mets could keep all three at Triple-A Syracuse. They don’t need to make a trade — there’s a good chance Alonso will retest free agency next winter — but it’s possible the surplus makes them more willing to include an upper-level infielder in a package for a top-end starter. New York has built strong rotation depth but arguably needs to increase the rotation’s ceiling to pull ahead of the Phillies and Braves in what’ll be a tough NL East race.

The deal pushes the Mets’ projected payroll to roughly $331MM, according to the RosterResource calculations. The $27MM luxury tax hit brings them to $325MM in CBT obligations. That pushes them firmly beyond the $301MM threshold that marks the final tier of penalization. They’re taxed at a 90% clip for the approximate $3MM to push them to that threshold and at a 110% rate on spending beyond that point. The signing comes with approximately $29.1MM in taxes. They’ll pay around $59MM this season to keep Alonso. New York also relinquishes the right to the compensatory draft choice that they would have received had he signed elsewhere after declining the qualifying offer. That pick would have come after the fourth round.

Alonso secures a strong one-year salary with an eye towards a more lucrative free agent trip next winter. Players cannot receive a QO more than once in their career, so he’d hit the market without draft compensation if he opts out. He’d still come out ahead of that declined extension offer if he secures a deal worth more than $107.5MM over the ensuing five seasons. That’s by no means a guarantee, as he’ll be working against the aging curve, but it’s the kind of risk-reward play that a lot of free agents take if they don’t find their ideal long-term deal on their first free agent try.

Andy Martino of SNY first reported that the Mets were re-signing Alonso. Jeff Passan of ESPN had the two-year, $54MM guarantee and the $30MM in year one. Jon Heyman of the New York Post reported the signing bonus and that Alonso declined a three-year term, which USA Today’s Bob Nightengale reported had a $71MM guarantee. Image courtesy of Imagn.

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