Update 2:30 PM - This just in from Joel Sherman of the New York Post: The Mets will spread the remaining amount owed to Bay over the course of several years.
The Mets say they wouldn’t have done Bay buyout if didn’t give them the ability to spend more in ’13, otherwise they would just have tried again with Bay if that were case.
That means Alderson picks up some extra dough to spend…
Update 2:05 PM – Joel Sherman says the Mets have deferred the $19 million they owed bay for a few years. No specifics given.
This looks like that if they wanted to they could reinvest the $19 million and take the hit 4-5 years from now when the Mets are on firmer financial footing.
As I said the Wilpons are entrenched.
But if this means more payroll, I don’t care when they pay him. We need productive players right now and I’m sick of waiting for the farm hands.
Let’s see what happens…
Update 2:00 PM - The Mets have bought out Jason Bay, who had been owed $19 million. Terms of the settlement were not immediately available.
Original Post 1:45 PM
Jason Bay and the New York Mets today announced a negotiated early expiration of his contract. The agreement provides Bay his unconditional free agency while the Mets gain roster flexibility. Terms of the agreement were not disclosed.
“Jason is a great teammate, hard worker, stand-up guy, and true gentleman,” said Mets Chief Operating Officer Jeff Wilpon. “Like Jason, we had planned for the kind of production here that he enjoyed in Boston and Pittsburgh, where he established himself as one of the game’s top players. We wish Jason and his family success and happiness in the future.”
“Jason has a tremendous work ethic. There was never any question about it,” said Mets General Manager Sandy Alderson. “Unfortunately, the results weren’t there and we are in a results-oriented business. We thank Jason for his efforts and wish him well.”
“I still feel I have plenty to give to this game and that I can play baseball at a high level. But after serious consideration, both sides agree that we would benefit from a fresh start,” said Bay. “I’m grateful we were able to reach an agreement to allow that to happen. I’m excited to keep playing and have no intention of just walking away. I enjoyed my time in New York. I have no regrets in signing with the Mets, other than that I wasn’t able to play to the level that the team, the fans and I all expected and that we weren’t able to win more games. I move on with nothing but an appreciation for the organization and its fans and best wishes to all my teammates there.”
“As I’ve previously said, there’s not a player who tried harder to succeed or was more frustrated and disappointed than Jason himself,” said Mets Manager Terry Collins. “I’ll miss Jason’s presence in the clubhouse as a player, teammate, and person.”
Bay was signed as a free agent by the Mets on January 5, 2010 to a four-year contract with a vesting option for a fifth year.
Wow, I was just telling TRS that I didn’t believe Alderson when he said Jason Bay would be on the team in 2013. I said he’d cave to fan pressure and he would be gone. That was like an hour ago, lol.
Yes everybody, all GM’s listen to and sometimes cave into fan pressure.