One thing that has changed in the minds of Mets fans during the Steve Cohen era is their perception of how money can and should be spent to try to climb into the postseason. The best laid plans of mice and men don’t always provide the results you had expected. Take 2025 as a classic example.
What’s interesting to see in the various media outlets and in conversation with fellow fans is the attitude that since Cohen has money to spend and having watched the Steinbrenner family for many years buy pennants accompanied by the Dodgers now doing the same it has become the mindset for Mets aficionados to expect the club to slug it out with the big boys. As a result, everyone is already salivating over the prospect of seeing folks like Cody Bellinger, Kyle Tucker, Dylan Cease, Pete Alonso, Edwin Diaz, Munetaka Murakami and various others wearing orange and blue.
Of course, for many of us having grown up during the DeRoulet and Wilpon eras the Mets were more strategic and hopeful that identifying undervalued or second tier players could somehow make the Mets into legitimate contenders. We saw some good names arrive and saw others who withered away after entering the Mets locker room. Those years were indeed painful but there is some value in not simply buying the best of the best but rather in assembling a long term solution that doesn’t cripple your payroll for years to come.
Consequently, instead of getting into long term bidding wars for the top of the free agent starting pitcher class it may instead make more sense for the Mets to look to the trade market to find players who are already under long term deals or about to become free agents in the near future in order to reinforce what was the 18th best pitching staff in baseball last year. Where I learned math that was in the bottom 50% of all teams.
Towards that end three trades keep coming up again and again. The first is Luis Castillo of the Mariners who is in the midst of a big dollar contract but starting to slip a little bit against the unhittable stuff he displayed earlier in his career. His 2025 numbers were certainly better than what any Met this side of Nolan McLean provided — he went 11-8 with a 3.54 ERA with his strikeout numbers down to less than one per inning pitched. He’s a solid pitcher for sure but going into his age 33 season you’re securing his talents for $24 million per year for 2026 and 2027 with a $25 million option for 2028. One rumor had him available for a combo of Mark Vientos and Ronny Mauricio which doesn’t seem like a lot of talent to sacrifice but it is bringing on $74 million in payroll for a pitcher starting to decline.
The next one is a bit more interesting and likely available for the right package. Former Cy Young Award winner Sandy Alcantara of the Marlins took awhile to work his way back into normal form after his Tommy John surgery, but in the second half of the year he started looking like the ace he’d always been. For the period of 2020 to 2022 prior to suregery he went 26-26 with a 2.74 ERA and a WHIP of just over 1.000 while striking out nearly 4 times as many as he walked. He was gone for 2024 and working back through rehab in 2025. He’s earning $17 million in 2026 and has an option at $21 million for 2027. What it would take to obtain him is a great unknown, but at age 30 for the upcoming season he should be a good option.
Arguably the best bargain if available is current Milwaukee Brewers ace Freddy Peralta who David Stearns knows well from his years heading up the program in Wisconsin. In 2025 Peralta had his best ever season going 17-6 with a 2.70 ERA while fanning 204 batters in just over 176 innings pitched. For this effort he makes the very modest salary of just $8 million. He will be a free agent in 2027, so picking him up this year if Milwaukee would make a trade carries a great deal of risk, but between the salary and his young age it would seem to be a very interesting transaction for the Mets to make.




14 comments:
I'm gonna stick to my current plan
1. Try to trade for Skenes
2.Try to trade for Skubal (regardless of public chatter)
3. Go 100% forward targeting 2026 with OD rotation led by McLean, Senga. and Holmes
Mack has a plan, I think.
Who wants to pay $74 million for a declining starter? We paid $75 million for a declining starter last year. Sean Manaea. The supposed best year of the3 for him, 2025, blew up in our faces. We mat find out Manaea’s decimal point was wrong, and it SHB #$7.5 million.
While Steve Cohen is a Hedge Find guy, the private equity guys do invest routinely at negative EBITDA (aka operating losses) to build their businesses (& their asset values). That is what SC is currently doing.
A quick Google shows the Mets worth $3.2M as of last March - already up $700M vs the price SC paid. That’s before a new casino & property development further increases. A WS ring will add more. Also SC was reportedly worth $13B when he purchased the Mets & now is reportedly worth over $20B. Best part, he is a fan - just like us. With immense power!
Money is no object, especially once thy start consistently winning, generating more revenue, having stadium visitors spend a few days at the park & at the casino. Both the Dodgers & Yankees are worth about $8 Billion dollars respectively. So much more upside for the franchise value.
An extra $100M is literally nothing given this math, especially if the organization is consistently developing talent (see prior posts), upgrading coaching infrastructure, operating coherently. A five year period of inefficient relatively short term “payroll inefficiency” is nothing. We spend too much time in it. If the right opportunities present themselves - thy will pounce.
I strongly suspect that the biggest two short term issues & frustrations are: just not winning fast enough & that they hate being relatively inefficient just because capitalizing on Inefficiency & arbitrage wins are literally what SC does extremely well for a living. He is wired that way. Last year was like losing on a hedge bet: take the loss, get pissed, learn from the mistake, make fixes & win the next bet.
Our time is coming - & soon. They may not win the WS but they will definitely compete.
Here is to a very, very fruitful offseason. I promise it will be a bit crazy & frustrating ride but they will be active & productive & at least on paper well positioned to deliver a competitive winning season - if the team executes.
Sorry, after all the above, they can pay for another top rotation “bridge” pitcher like those mentioned. Also, Skubal should be pursued if he can be signed. Otherwise make the highest offer next year. Don’t burn multiple top 5 players who should help now / next year for one year rental. Pull a Lindor type trade for sure if we can.
I would go the free agent route and make sure that any free agent you do sign does not have a no trade clause in their contract. Also give them more money upfront So it’s easier to trade them later on
I've always been a big fan of front loading long term contracts, so I'm with you on that one Zozo. Remember how the old regimes always cheaped out and did the reverse, fitting them in the first year only to overpay on the back end.
BUT, there can't be any opt-outs, because the greedy so & so's will opt out once the big money is gone.
Exactly Joe, that’s what San Diego did with Fernando TatÃs. That’s why there is rumors of him being on the trade block.
Especially a big contract like his you should be able to get it cheaper with lesser prospects
Also, I wish they would take Machado available
Amen brother!
Tatis came up a shortstop, but got hurt and they got Kim and Machado. Why couldn’t he go back to third base?
I have also been a fan of deals favoring... me... but, sadly, in 2025, the agents for the players hold the cards
He plays an amazing OF I wouldn’t dare move him
Not a pitcher, but I would consider trading to reacquire Rhylan Thomas. See if Seattle would take a few non-critical prospects like Morabito. Thomas had a great AAA year…and fanned about once every 20 at bats. Low on power, but good at everything else.
Back to the article, I like Reese's idea to go after Sandy Alcantra. He is worth the risk.
Ditto
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