Rosenthal: How did Mets and Carlos Correa land at 12 years, $315 million?

Funviralpark 2 years ago 0 5

So what happened when the Mets and Carlos Correa reached an agreement on a free agency deal early Wednesday morning, settling for 12 years and $315 million?

It’s not that complicated.The Mets got $27 million from their first conversation with Correa on Dec. 13. Correa agrees to an ill-fated 13-year, $350 million contract with the Giants It was right before

In the first round of negotiations, Mets owner Steve Cohen also mentioned Correa’s 12-year framework. Sources briefed on the discussions said the team’s proposed amount was $288 million, or $24 million per season for him.

Cohen was willing to raise the guarantee to $300 million to seal the deal, but Correa’s agent, Scott Boras, told owners that wasn’t enough.

Boras was in talks with the Giants at the time, but they weren’t.

The Mets’ initial offer was also just $3 million more than the Twins’ 10-year, $285 million offer for Correa, and also had a lower average annual payout. The Mets were willing to guarantee Correa two years more than the Twins did, but he got $4.5 million less for the entire season.

However, the mechanics changed when the Giants confirmed in a statement “disagreement over the results of Carlos’ physical examination.”

Boras told the Giants he needed to talk to other teams. He contacted the Twins and reunited with Cohen. According to sources, the Twins didn’t want to raise their bids or move the conversation forward without investigating potential issues stemming from Correa’s body.

The Mets were another story.

When he re-signed Boras, Cohen offered $300 million, knowing the Giants’ $350 million contract was at least on hold. Boras howled. Negotiations continued. The Mets have one slight advantage over the Giants. His 13.3% state income tax rate in California is the highest in the nation, and his 10.9% in New York ranks his third.

Ultimately, the parties signed a deal for $315 million. This is an increase of $2.25 million per season from his original 12-year conception with the Mets. The agreement is pending a physical examination that was scheduled for Thursday. When his contract expires, Correa will move from shortstop to third base.

His $350 million contract with the Giants makes Correa the fourth-highest total value in major league history and the best-placed shortstop. His $315 million contract with the Mets is his 10th highest overall, shortstop Francisco He ranks second on the team behind his $341 million contract with Lindor. increase.

Correa’s average annual earnings drop from $26.92 million with the Giants to $26.25 million with the Mets. Both numbers rank him 32nd overall.

(Photo: Raj Mehta/USA Today Sports)

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