New York Mets and first baseman Pete Alonso has reportedly agreed to a two-year deal worth $54 million. The deal, which was reported on Wednesday, includes a player option for the 2026 season, allowing Alonso to become a free agent once again.
With a signing bonus of $10 million and $30 million overall for the 2025 season, Alonso becomes the highest-earning first baseman in the majors per average annual value.
Upon learning this new development, one of his teammates rejoiced in the fact that the "Polar Bear" was coming back. Starting pitcher David Peterson, who also re-signed with the team on a one-year $4.6 million deal to avoid arbitration back in January, reshared a graphic of Alonso that said "He's Back" on his Instagram story and wrote:
![march madness logo](http://staticg.sportskeeda.com/skm/assets/march-madness-logo.png)
"Let's go!!"
![Peterson's Instagram story](https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=190 190w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=720 720w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=640 640w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=1045 1045w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=1200 1200w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=1460 1460w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg?w=1600 1600w, https://staticg.sportskeeda.com/editor/2025/02/cabb5-17388956530853-1920.jpg 1920w)
Peterson, who broke into the big leagues one year after Alonso and has spent his entire career with the Mets, had his best year to date in 2024. He went 10-3 with a 2.90 ERA in 21 starts.
Pete Alonso was offered two deals to select from by Mets
There were deals on the table for Pete Alonso to select from. The one was a two-year deal, which he agreed on and the other one was a three-year, $85 million deal with heavy deferrals. Even this deal included opt-outs for 2026 and 2027. The present-day value of this deal comes out to around three years, $71 million.
One of the reasons why Alonso had so much less traction during the offseason was because there was a qualifying offer attached to him, which means teams that wanted him would have to give up a compensatory draft pick.
Interestingly, the Mets and Alonso have also previously negotiated an extension with the club offering the first baseman a seven-year, $158 million offer in 2023. However, the first baseman turned it down.
While Pete Alonso didn't get the long-term deal he was after this offseason, he has bet on himself to outperform projections, become a free agent again, and finally get the long-term deal he is after. This will be similar to Blake Snell, who opted out of his two-year, $62 million contract with the San Francisco Giants this offseason, to sign a five-year, $182 million contract with the Dodgers.
Both Snell and Alonso are represented by Scott Boras. At the moment, the best way for Alonso to go about this deal will be do well in 2025, so that he can opt out and test the free agency again next offseason.