REPORT: Jason Bay signs with the Mets

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UPDATE: Joel Sherman tweets that it’s a four year, $66 million deal, but with an “easy vest” for a fifth year.  Depending how easy, it may as well be a five year deal.

2:14 P.M: WFAN’s Mike Francesa just announced that the Mets have signed Jason Bay pending a physical.

No details yet — Francesa said that the team won’t make an announcement until next week. I’m guessing that this will wake everyone up however, and the details will be out soon. Last quasi-solid thing we had on him was the Mets offering four years at roughly $16 million a year. One wonders if the Mets finally went to five years to make it happen (UPDATE: MetsBlog thinks it may only be for four years). Or maybe the “Mystery Team” forced Omar to go to 10 years/180 million.

In the meantime, you’ll recall that the thinking as recently as Sunday was that “Bay would rather play in Beirut than Queens,” and that a couple of weeks ago the New York Post compared Bay to Bobby Bonilla, so this whole Jason Bay in New York thing should be great fun.

Anyway, sorry for mocking you Mike. I guess it was a major announcement . Heh.

Mets are exchanging names with teams for a Jeurys Familia trade

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Andy Martino of SNY TV reports that the Mets “have gotten to the point of exchanging names with teams” in trade talks for closer Jeurys Familia. He says that nothing is imminent, but that we should expect a Familia trade “well before the deadline.”

Familia has 17 saves in 29 appearances, a 2.88 ERA and a 43/14 K/BB ratio over 40.2 innings this season.