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The Baltimore Orioles and free agent Chris Davis have agreed on a seven year, $161 million contract according to Jon Heyman via Twitter. The deal includes a full no-trade clause and is pending a physical.

That’s a lot of money for the 29-year old Davis, who walloped 47 home runs with 117 RBIs last year and has 126 homers in the past three seasons.

This signing has huge implications for the Mets as the Orioles reportedly had an offer on the table to free-agent outfielder Yoenis Cespedes. The O’s were willing to give Cespedes a five-year deal worth around $90 million.

On Saturday, Jesse Sanchez of MLB.com reported that while Cespedes was weighing the Orioles offer, the Mets were still very much in play if he was willing to take a lesser deal anywhere from one to three years.

Kevin Kernan of the New York Post later reported that the Mets would be willing to give Cespedes a three-year deal for about $60 million or give him a one-year pillow deal so he could hit free agency again next winter when there’ll be a much weaker outfield market.

This continues to get very interesting…

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