Mets suffering from “sticker shock” on free agents

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Ushering in a “new day” for the Mets is a bit more difficult than GM Sandy Alderson anticipated. Per Mike Puma of the New York Post on Twitter, the Mets are dealing with “sticker shock” in the current free agent market. Puma writes that the Mets were hoping to pursue free agent shortstop Jhonny Peralta on a two-year deal but were disappointed to find out he is asking for three years.

If the season were to start tonight, the Mets would be utilizing Ruben Tejada at shortstop. Tejada posted a .519 OPS in 227 plate appearances in the Majors in 2013.

Puma is also hearing that the Mets are eyeing free agent Phil Hughes over Bronson Arroyo at this point, which makes sense if the Mets are surprised by the market. Hughes is looking to rebuild his value after a disappointing seven-year stint in the Bronx. Arroyo, who turns 37 years old in February, is looking for what may be his last free agent contract after posting a sub-4.00 ERA in each of the past two seasons.

BREAKING: Manny Machado to sign with the Padres: 10 years, $300 million

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Jeff Passan of ESPN reports that Manny Machado has a deal with the San Diego Padres. Mark Feinsand of MLB.com reports that the deal is for ten years and $300 million with an opt-out after year five.

At the moment there is some disagreement as to how “done” this deal is, with Padres chairman Ron Fowler saying “We do not have a deal. We are continuing discussions.” Ken Rosenthal, however, says that’s “semantics” and that the financial terms are in place, with the deal requiring over some final touches on language and Machado’s physical, which will likely be a formality.

The Padres were a late entrant into the Machado sweepstakes, but they reportedly met with Machado last week. The club has obviously not won for a long time, but they have a strong farm system. While that usually mitigates against a big free agent signing, Machado’s age — 26 — means that he’s still likely to be a productive player when that core of prospects is mature. And if it doesn’t develop, hey, he’s made some serious bank and can still opt-out at an age when he might get another decent paycheck.

For the Padres, Machado represents the biggest single investment in a player in club history. Last year they spent too, of course, giving Eric Hosmer an eight-year, $144 million contract, but this is definitely next-level. As for the baseball side of things, it’s likely that Machado will be the full-time third baseman with Luis Urias handling shortstop. While all of the talk about Machado over the past several months has been focused on money and, sometimes, his alleged lack of hustle, the Padres are getting a player with a career line of .282/.335/.487 (121 OPS+), 175 career homers and a 33.8 career WAR in seven big league seasons. While he played shortstop last year and as a minor leaguer, his past and future is at third, where he is a superior defender. As for the hustle: it has almost exclusively been an obsession of the media, based on an ill-advised postgame quote in October. He has received no bad reviews from former teammates, all of whom speak highly of his game and his work ethic.

When the offseason began it appeared that the Phillies or the Yankees or, perhaps, the White Sox had the inside track on Machado. Everyone took a wait-and-see approach, reasonably believing that by waiting out Machado, a better deal could be struck. The risk of that approach, of course, is that it allowed the Padres to talk themselves into getting bold and, ultimately, swooping in to strike this deal.