The Mets did the right thing this afternoon, signing shortstop Jose Reyes to a four-year contract with an option for a fifth season. Here’s a breakdown on the money: $2.5 million in 2007 with a signing bonus of $1.5 million; $4 million in 2008; $5.75 million in 2009; $9 million in 2010; with an $11 million option or $500,000 buyout in 2011.
Reyes would have been arbitration eligible after this year and free agent after the 2009 season.
“This is great for me and my family,” Reyes said. “I am going to be in New York for a long time.”
This is something the Mets don’t normally do, but GM Omar Minaya said the timing is right: “This is something that is good for Jose, something that is good for the organization, and shows are fans they’ll be able to see this core for years to come.”
The team did not make a similar announcement with David Wright, but is expected to open negotiations on a long-term deal in the offseason.