With the signing, 2015's payroll now stands at $102,880,000 which would indicate that the Mets will need to make a corresponding move to free up some payroll. That is, unless the Wilpons are truly opening up the purse.
UPDATE: Jeff Passan is reporting the the contract value is less than $25m total.
UPDATE: Per Jon Heyman, the contract is a 2 year deal worth $21m total ($10.5 per year Average Annual Value). He will earn $8.5m in 2015 and $12.5 in 2016.