Friday, February 1, 2008

Santana Deal Done

UPDATE: Santana Passed Physical

Johan Santana is now officially a Met. The extension is for six years and $137.5 million. He was given a $7 million bonus to his $13.25 million deal for this year. So in total it is seven years and $150.75 million, or an annual payment of $21.5 million. I've said it before and I'll say it again, that is a hell of a lot of money for a pitcher. Yeah, they're important, but they play once every five days. Santana will be thirty-six at the end of the deal, and those last few years could make the Mets regret this trade. Especially considering the players it would take to get him, I'm glad the Yankees didn't make this deal. It simply wasn't worth it to them. As Pete Abraham pointed out, with the luxury tax, they would be paying him $28 million per year. It makes a lot more sense for the Mets and I think this is a good deal for them. So congratulations Mets, your are now the fourth best team in baseball.