The Mets finally did something substantive, if what Mike Francesa’s slinging on WFAN is correct. They’ve come to an agreement with Jason Bay, which should be announced next week. Mike didn’t give any contract specifics, ok, but you would have to figure it’s in the ballpark of the $65M offer the team submitted earlier this month.
Given the Mets habit of bidding against themselves, let’s call this a four year, $68M contract agreement. Assuming the value of a win on the open market is between $4M and $4.5M, Bay would have to be worth about 4 wins above replacement per season to make this a fair deal for the Mets. This is no certainty considering his poor defense in left field, though the magnitude is very much up for debate.
Bay hit for a .397 wOBA with the Red Sox last season. That ranked him sixth among all American League hitters. While we should never lose sight of defense and positional scarcity, you can’t deny that this is one of the very best hitters in baseball. At 32 (next season), he’s past his physical peak, but young enough to be nearly as productive.
Is this the most efficient use of resources by the Mets? Definitely not given the many holes on the roster yet to be filled; but the team has added a legitimately good player to their mix.