Mets decline Johan Santana’s $25 million option

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Johan Santana is officially a free agent, as the Mets declined his $25 million option for 2014 and paid him a $5.5 million buyout.

It was obviously a no-brainer move, as Santana missed the entire season following shoulder surgery and is no sure thing to be ready for the beginning of next year. He’ll likely be looking for an incentive-laden one-year contract on the open market and publicly at least the Mets have indicated they’re interested in re-signing him for a much, much lower price.

Santana last saw action in an MLB game on August 17, 2012. He ended up throwing 717 innings with a 3.18 ERA for the Mets while making $137.5 million.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year contract with a club option for 2019. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.