Ken Rosenthal
@Ken_Rosenthal
Chris Bassitt and the Mets have reached agreement on a one-year, $8.8M contract, avoiding arbitration, a source tells
@TheAthletic
. Salary for ‘22 is $8.65M. Deal includes 2023 mutual option for $19M or $150K buyout.
without the agreement of the other, not that they BOTH have to agree to exercise it. Otherwise, it doesn't really do anything. Obviously, without an option. both sides need to agree on any contract.
without the agreement of the other, not that they BOTH have to agree to exercise it. Otherwise, it doesn't really do anything. Obviously, without an option. both sides need to agree on any contract.
That’s what I thought it was too. Guess we are wrong
Chris Bassitt and the Mets avoided an arbitration hearing by agreeing to a one-year, $8.65 million contract, The Athletic’s Ken Rosenthal reports.
More importantly, that contract comes with a mutual option for the 2023 season worth $19 million. There is a $150,000 opt-out attached to that option, bringing the total guaranteed money up to $8.8 million. Both Bassitt and the Mets must agree to pick up the $19 million option in order for it to go into effect in 2023, but that is highly unlikely to happen.
if Bassitt doesn't get hurt he will decline the option as he's worth far more than year 19 million on the open market. Bassitt gets 150,000 for doing "nothing" and that's applied to his 2022 tax hit. A mutual option is viewed as a club option for tax purposes because the Mets hold the power to reject the option.
Might be related to fighting his way out of his slump but Francisco Alvarez with a surprising lack of pop recently. 2 extra-base hits in May (2 doubles)
i'd be pretty surprised if they don't get bassitt extended around ASB
their rotation is in such a weird place in terms of ages/contracts they need someone who can be reliable every 5th day for the next several years. Bassitt seems like the best fit they will find for that role.
the top non-sherzer AAV from FA were 22-23m (ray, stroman, gausman, rodon) - all deals ranged 3-5 years and all younger than Bassitt but similar amount of innings on their arms.
a 3 year deal around that AAV with a 4th year vesting option seems like a simple compromise for all sides. That gets his age 34, 35, 36 seasons, and if he continues performing 37.
not sure there's any way to do this within the new CBA, but if they could entice him with an immediate signing bonus that somehow spreads the contract out over this year as well to lower the hit against future luxury tax that would be smart (no idea how that works within the new CBA though).
there is so much unknown re JDG's contract situation going forward they need to put themselves in a good position whichever way that goes ahead of time.
guess is Bassitt gets 4 years or 3 with a 4th-year player option. He's older but very good and this will likely be his final shot at "real" money. Hard to see any scenario that option comes into play.
suspect 7/25 is a pretty big date for most of the pending FA's. If there is no deal regarding the IFA draft then they will be tied to pick compensation. If a deal is reached then suddenly they are free of that issue.
If the mutual option means both sides have to agree to it,
then it makes no sense to me. What purpose does it serve? Every player not under contract for the next year, and his club, always have a mutual option to agree on a number for next year. What use is there in picking a number that doesn't bind anyone?
RE: If the mutual option means both sides have to agree to it,
then it makes no sense to me. What purpose does it serve? Every player not under contract for the next year, and his club, always have a mutual option to agree on a number for next year. What use is there in picking a number that doesn't bind anyone?
It's there to give him a little extra money in a buyout and not have to give it to him right now essentially.
Yep. That’s huge. Mets will be exercising that.
Link - ( New Window )
Not either or
That’s what I thought it was too. Guess we are wrong
please pardon my ignorance on the mechanics of MLB salary arbitration.
please pardon my ignorance on the mechanics of MLB salary arbitration.
its because of the lockout, arbitration cases are set for after the season if no deal is reached
Quote:
just agreeing to 2022 salary now? The season almost two months old.
please pardon my ignorance on the mechanics of MLB salary arbitration.
its because of the lockout, arbitration cases are set for after the season if no deal is reached
Thanks.
That's incorrect. Mutual option means both sides must pick it up.
Brad Penner-USA TODAY Sports
Chris Bassitt and the Mets avoided an arbitration hearing by agreeing to a one-year, $8.65 million contract, The Athletic’s Ken Rosenthal reports.
More importantly, that contract comes with a mutual option for the 2023 season worth $19 million. There is a $150,000 opt-out attached to that option, bringing the total guaranteed money up to $8.8 million. Both Bassitt and the Mets must agree to pick up the $19 million option in order for it to go into effect in 2023, but that is highly unlikely to happen.
the top non-sherzer AAV from FA were 22-23m (ray, stroman, gausman, rodon) - all deals ranged 3-5 years and all younger than Bassitt but similar amount of innings on their arms.
a 3 year deal around that AAV with a 4th year vesting option seems like a simple compromise for all sides. That gets his age 34, 35, 36 seasons, and if he continues performing 37.
not sure there's any way to do this within the new CBA, but if they could entice him with an immediate signing bonus that somehow spreads the contract out over this year as well to lower the hit against future luxury tax that would be smart (no idea how that works within the new CBA though).
there is so much unknown re JDG's contract situation going forward they need to put themselves in a good position whichever way that goes ahead of time.
It's there to give him a little extra money in a buyout and not have to give it to him right now essentially.