Mets' offer to Bay reportedly similar to rejected Red Sox proposal

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Matthew noted earlier this afternoon that the Mets have officially submitted an offer to Jason Bay and now Joel Sherman of the New York Post reports that the initial proposal “is in the range of” the four-year, $60 million deal that Bay rejected from the Red Sox prior to becoming a free agent.
Presumably the Red Sox are still willing to pay him $60 million over four years, which makes it unlikely that a similar offer from the Mets would get the job done. Matthew speculated that a five-year, $75 million offer from New York could work, but it’s somewhat tough to project the market for Bay given that the Mets and Red Sox are really the only teams linked to him in any sort of significant way thus far.
In other words, if it’s more or less just a two-team race for Bay and the Red Sox were to, say, sign Matt Holliday, then suddenly $60 million from the Mets might look pretty good.