January 29, 2023

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

So, that’s how it was met And Carlos Correa When they reached an agreement on a free-agent deal early Wednesday morning for 12 years and $315 million?

It’s not all that complicated: Dec. He accepted the Mets $27 million from the initial conversation with Correa on 13 Giants In his infamous 13-year, $350 million contract.

During the first set of talks, Mets owner Steve Cohen also mentioned the 12-year structure for Correa. The team’s proposed figure, according to sources briefed on the discussions, is $288 million, or $24 million per season.

Cohen was willing to increase the guarantee to $300 million to complete the deal, but Correa’s agent, Scott Boras, told the owner that would not be enough.

At the time, when Boras advanced his discussions with the Giants, it wasn’t.

The Mets’ initial offer was also over $3 million twins’ The 10-year, $285 million offer to Korea had a lower average annual value. The Mets were willing to guarantee Correa for two more years than the Twins, but $4.5 million less per season overall.

But the Giants confirmed in a statement a “disagreement with the results of Carlos’ physical examination.” The dynamic changed.

Boras told the Giants he wanted to talk to other teams. He contacted the twins and re-engaged Cohen. Sources said the twins did not want to increase their bid, or advance the conversation without exploring potential problems with Correa’s body.

The Mets are another story.

In re-engaging with Boras, Cohen offered $300 million, knowing the Giants’ $350 million contract minimum was on hold. Boras stumbled. Negotiations continued. The Mets had a slight advantage over the Giants — California’s state income tax rate of 13.3 percent is the highest in the nation, while New York’s The rate is 10.9 percent is in third place.

Ultimately, the parties reached an agreement for $315 million, an increase of $2.25 million per season over the Mets’ initial 12-year proposal. The deal is pending and was due to take place on Thursday. If the deal goes through, Correa will move from shortstop to third base.

Correa’s $350 million contract with the Giants would have given him the fourth-highest total in major-league history and the most for a shortstop, had he played in San Francisco. His $315 million contract with the Mets would be 10th-highest overall and second on the team behind shortstops. Francisco Lindor341 million dollar deal.

Correa will have less success in average annual value, dropping from $26.92 million with the Giants to $26.25 million with the Mets. Both figures would rank 32nd overall.

(Photo: Raj Mehta / USA TODAY Sports)