The New York Mets and closer Francisco Rodriguez have agreed to terms on a 3-year free-agent contract worth $37 million plus incentives. The deal is not finalized yet; K-Rod will have to pass a physical set to take place on Wednesday. Rodriguez’s agent, Paul Kinzer, accepted the deal despite the fact that it was not worth as much as he’d liked; the nationwide recession was a major player in his decision. K-Rod’s contract will contain a potentially guaranteed 2012 season based upon performance.
Because of their newest acquisition, the Mets will cease talks with closers Brian Fuentes and Trevor Hoffman.
The K-Rod deal is worth $3 million more than the Angels’ offer but $6 million less than Billy Wagner’s deal with New York.