After a protracted offseason, Pete Alonso has rejoined the New York Mets, signing a two-year, $54 million contract with an opt-out option after the first year, as reported by ESPN’s Jeff Passan. This agreement secures Alonso $30 million for the 2025 season.
The negotiation process was challenging. Alonso declined a three-year, $70 million offer, leading the Mets to consider alternatives, including re-signing outfielder/designated hitter Jesse Winker and acquiring left-handed reliever A.J. Minter. Mets owner Steve Cohen expressed his frustration during a fan event in January, stating, “Personally, this has been an exhausting conversation and negotiation. [Juan] Soto was tough — this is worse.”
Throughout the offseason, Alonso’s potential destinations dwindled as teams in need of a first baseman addressed their needs through trades or signings. The Toronto Blue Jays were the only team linked to Alonso before he finalized his return to the Mets.
This contract marks a significant financial concession for Alonso. In 2023, he reportedly turned down a seven-year, $158 million extension from the Mets, aiming for a more substantial deal in free agency. However, concerns about his age (30), declining performance over the past three seasons, and defensive limitations led teams to view him as a potential future designated hitter, affecting his market value.
“I don’t like the negotiations. I don’t like what’s been presented to us.”
Steve Cohen talks about the Mets’ negotiations with Pete Alonso and the possibility of the Mets moving forward without him:
➡️ Tri-State @Cadillac pic.twitter.com/wPqzE47YdL
— SNY (@SNYtv) January 25, 2025
The opt-out clause after the first year provides Alonso with an opportunity to enhance his market standing by demonstrating his versatility. If unsuccessful, the substantial sum he previously declined may remain unattainable.