Found November 07, 2012 on
The first big move of the general managers' meetings was a subtraction. Only the New York Mets could announce such a thing and consider it progress.
The Mets cut ties with underperforming outfielder Jason Bay on Wednesday, describing it in a news release as a "negotiated early expiration of his contract." Here's what that means: Bay will receive every penny of the $21 million remaining on his contract, but he will do so over a longer time period and while playing for another team -- if one will have him.
While acknowledging that $21 million in sunk costs can only be viewed as something short of a complete financial disaster, the Mets (and Bay) deserve credit for extricating themselves from a relationship that had been equally unfulfilling for both sides. Bay had a miserable three seasons in Flushing, managing a meager .687 OPS. He averaged only 96 games per year, largely because of recurring concussions.
The Mets gain near-term payroll flexibility at a time when they need to muster their financial resources to sign third baseman David Wright and ace R.A. Dickey to multiyear extensions.
Bay, meanwhile, will get a (final?) chance to revive his foundering career at age 34 -- perhaps with the Seattle Mariners, who play near his home in Kirkland, Wash., and are moving in the fences at Safeco Field.
In a statement released by the team, Bay said both sides agreed a "fresh start" would be mutually beneficial.
He is right.
"I still feel I have plenty to give to this game and that I can play baseball at a high level," Bay said. "I'm grateful we were able to reach an agreement to allow that to happen. I'm excited to keep playing and have no intention of just walking away."
Now, it's incumbent on the Mets to parlay this decision into truly good news -- such as extensions or Wright or Dickey, or perhaps additional money for upgrades to the National League's second-worst bullpen in 2012.
The Mets don't need to spend like the Yankees. They tried that -- with Johan Santana and Bay himself -- and they have four consecutive fourth-place finishes to show for it. There is a difference between big investments and smart investments, and maybe the Mets are starting to understand it.
BEST OF MAXIM
Update 2:30 PM - This just in from Joel Sherman of the New York Post: The Mets will spread the remaining amount owed to Bay over the course of several years.
The Mets say they wouldn’t have done Bay buyout if didn’t give them the ability to spend more in ’13, otherwise they would just have tried again with Bay if that were case.
That means Alderson picks up some extra dough...
Jason Bay and the New York Mets today announced a negotiated early expiration of his contract. The agreement provides Bay his unconditional free agency while the Mets gain roster flexibility. Terms of the agreement were not disclosed.
“Jason is a great teammate, hard worker, stand-up guy, and true gentleman,” said Mets Chief Operating Officer Jeff Wilpon. “Like Jason, we had...
For the Mets, three years of Jason Bay was enough. This afternoon, they announced that they have agreed to part ways with Jason Bay, meaning he’s being released from his contract. Joel Sherman has the details.
Bay is getting all $21M he is owed, the $16M salary, the $3M buyout and the $2M left on a signing bonus. Some is being deferred #Mets
— Joel Sherman (@Joelsherman1) November...
In a bit of shocking news out of New York, the Mets and outfielder Jason Bay have mutually agreed to part ways. Bay is getting his entire $17 million salary for 2013, as well as the buyout on his option in 2014 for $3 million, and $2 million owed to him as a signing bonus. When you look past the nice phrasing, it's essentially a straight up release.
Bay's tenure with...
Since leaving the Red Sox, Jason Bay has failed to duplicate his All-Star feats.
After three disappointing seasons in New York, Bay and the Mets announced they had agreed on a buyout that would terminate the outfielder’s contract two years early and grant him free agency.
“Jason has a tremendous work ethic,” Mets general manager Sandy Alderson said. “There was never any question...
Well this has certainly been an interesting week for the Mets outfield.
On on hand, we have LF/RF Lucas Duda breaking his wrist while moving furniture and now Jason Bay has been thrown to the curb like a cheating girlfriend. Both of these happenings will have a significant impact on how this team moves forward.
Lucas Duda broke his right wrist while moving furniture in his apartment...
Tweet The revamping of the New York Mets has begun this fall, as the team will be parting ways with high-paid but often injured outfielder Jason Bay, according to Newsday columnist David Lennon: #Mets have negotiated an early separation with Jason Bay. He’s now an unrestricted free agent. No joke. — David Lennon (@DPLennon) November [...]
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A source tells Rob Bradford of WEEI.com (via Twitter) that Jason Bay would be very interested in returning to the Red Sox. Earlier today, the Mets reached an agreement with the outfielder to make him...
Now that Jason Bay is gone, we can delve into some outfield options for the Mets. Will they make a big push to sign Melky Cabrera or Cody Ross? Will they attempt to re-sign Scott Hairston? Will they pursue a trade for Justin Upton or Shin-Soo Choo?
One outfielder who probably won’t be an option is Jacoby Ellsbury of the Boston Red Sox. According to Jon Heyman of CBS Sports, the...
This is all probably my fault.I bought this shirt in Boston in 2009. It was a day after I saw him hit a home run at Fenway Park. But it wasn't so much that I chose a Red Sox player out of thin air to help commemorate my trip to Fenway. What was going on in my head was "well, he's a free agent and when he signs with the Mets, I can wear this Red Sox shirt in public."...
The Philadelphia Phillies have at least two holes to fill in their outfield for the 2013 season. Some combination of Domonic Brown, Darrin Ruf, John Mayberry Jr, Laynce Nix, and Nate Schierholtz should be able to adequately man one of the positions. Could the other two holes be filled with former division rival Mets Angel Pagan and Jason Bay?
Angel Pagan seems like a no brainer as...