August 6, 200619 yr From my friend in the Mets' front office. 6 years, $55 million. Makes it much easier for us to keep Miggy now...
August 6, 200619 yr If true, it seems like a great deal for the Mets. It's certainly a bargain to keep Miguel at that price.
August 7, 200619 yr Author Here's the confirmation: Mets sign Wright to six-year, $55M extension Associated Press NEW YORK -- David Wright became the latest young player on the New York Mets to get a longterm contract, signing a $55 million, six-year extension Sunday. Wright joins Jose Reyes, who signed a $23.25 million, four-year extension on Thursday. "It's been an exciting week for us," Mets general manager Omar Minaya said. "To reach agreements with both Jose and David means the left side of our infield is secure for the next several years. At the age of 23, David Wright has developed into one of the most complete players in the National League." Wright is hitting .308 with 22 homers and 82 RBI this season. He has 11 stolen bases and was voted the starting third baseman for the NL All-Star team. Wright finished second in the Home Run Derby and became the 14th player to hit a homer in his first All-Star at-bat. His current deal calls for a $374,000 salary this season. The extension calls for a $1.5 million signing bonus and salaries of $1 million next year, $5 million in 2008, $7.5 million in 2009, $10 million in 2010, $14 million in 2011 and $15 million in 2012. There is a $1 million buyout if the Mets do not exercise a $16 million option for the 2013. "I have wanted to be a life-long Met and this is the first step in that direction," Wright said. Wright, who was NL player of the month in June after hitting .327 with 10 homers, has been a life-long Mets fan. "It's a special feeling to be drafted by my favorite team," he said. "To know I'm going to be a Met for the next six or seven years is going to be special." With the signing of Wright and Reyes, the Mets have put together a strong nucleus. "It's exciting for our fans to know that when we open our new ballpark in 2009, David Wright, Jose Reyes, Carlos Beltran, and Billy Wagner will be on the team," Mets chief operating officer Jeff Wilpon said. Wright was key in the Mets 4-3 victory over the Phillies on Saturday getting the final out by making a diving stop with the tying run on third base. "He's turned himself into a great player," said pitcher Tom Glavine, who earned the win Saturday. "It's remarkable to see the way he handles himself on and off the field. For a veteran guy, it's refreshing to see him get it." Wright will donate $1.5 million to the Mets Foundation during the contract.
August 7, 200619 yr I agree with you guys 100% that they need to lock Cabrera up. But if Loria doesnt get a stadium deal nailed down, Cabrera is not getting that deal.
August 7, 200619 yr Just. Keep. Miggy. :thumbup Lock 'em up! The Mets were smart and clearly that's where Wright wants to be.
August 7, 200619 yr Did anyone else notice that the Mets are only paying Wright $1 Million next year? It makes the net present value of the deal MUCH less than $55 Million. The Mets have essentially deferred much of his contract until 2012. And, even though the Mets have a club option for 2013 for $16 Million, it only costs them $1 Million to buy out the deal. Wow. What a steal for the Mets (I can't believe I actually used the word "steal" to describe a $55 Million deal). There is no way the Marlins would be able to sign Miggy for this...no way.
August 7, 200619 yr Author Did anyone else notice that the Mets are only paying Wright $1 Million next year? It makes the net present value of the deal MUCH less than $55 Million. The Mets have essentially deferred much of his contract until 2012. And, even though the Mets have a club option for 2013 for $16 Million, it only costs them $1 Million to buy out the deal. Wow. What a steal for the Mets (I can't believe I actually used the word "steal" to describe a $55 Million deal). There is no way the Marlins would be able to sign Miggy for this...no way. It's impossible to call a heavily backloaded deal a steal. It's a big risk on the Mets part that Wright will be able to stay at third base (check his fielding percentage and range factor...he's inferior to Cabrera in both), and that he will continually be a plus .300 hitter even though he did it only once in 5 minor league stops. To me, it's fair market value if you just look at his numbers and don't buy into the hype, and backloading a fair market deal is never a "steal." Just hypothetically, let's say Cabrera, Rolen, Chavez or ARod just fall into their laps, Wright'd be tough to trade in the final few years of his deal.
August 8, 200619 yr Pay Miguel his money and let him be a Marlin for life. Can you say Franchise Player :notworthy :thumbup
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