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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.