Johan Santana and the Mets continue to make progress on a record-setting contract that is expected to make the two-time Cy Young winner a $150-million man, SI.com has learned. People with knowledge of the talks say they expect a deal to be completed. The deadline is 5 p.m. EST, but if an extension is needed to negotiate further, Major League Baseball would almost surely grant it.
Santana and the Mets are discussing a contract extension for six years that is expected to pay Santana close to $22 million a year, according to sources familiar with the talks. In addition, it is believed the Mets may add about $7 million to Santana's $13.25 million salary for 2008.
That expected new $20 million salary for '08, and the six additional years at $22 million, could bring Santana's total haul to $152 million. The previous record for a pitcher was Barry Zito's $126-million, seven-year deal signed last winter with the San Francisco Giants.
It is believed the players union has been pressing Santana's agents, Peter and Ed Greenberg, to beat the $150-million threshold, as Santana is setting the standard for pitchers and will likely affect the salaries of other top-of-the-line starters. The Mets, who originally hoped to keep the package to five additional years, have been hoping to keep the total compensation below $150 million.
Santana's Twins contract is set to run out after the '08 season, and the Mets are trying to satisfy his financial requests to convince him to waive his full no-trade clause and agree to commit to the Mets on a multiyear basis. The Mets sent four prospects to the Twins for the right to negotiate with Santana: outfielder Carlos Gomez plus pitchers Kevin Mulvey, Phil Humber and Deolis Guerra.