According to a Mets source it appears a deal to sign Johan Santana to a six-year extension that could worth between $22 million-$24 million per year is in the works, so much so that the Mets and Peter Greenberg have gone past their 5 p.m. EST deadline to hash out a deal.
Santana and the Mets were granted an extra two hours to work on a contract extension, pushing the deadline to 7 p.m. EST.
Team officials met with the pitcher’s agent, Peter Greenberg, in Manhattan for the third straight day as the sides tried to negotiate a deal for the two-time AL Cy Young Award winner. They must reach an agreement for New York’s big trade with the Minnesota Twins to be completed.
The Twins agreed Tuesday to swap Santana for four prospects: outfielder Carlos Gomez and right-handers Philip Humber, Kevin Mulvey and Deolis Guerra.
With talks ongoing Friday, the Mets asked Minnesota for two extra hours to work on a deal, a request that was granted by the Twins and approved by the commissioner’s office.
Santana was likely seeking a contract worth more than $120 million over six or seven years, while New York prefers not to go any longer than five years. A deal was still expected, but negotiations weren’t easy.
After an agreement on a contract, players in the trade would have to pass physicals for the swap to be finalized.
Santana, who turns 29 in March, can become a free agent after the 2008 World Series and the Twins don’t have the budget to re-sign him. Minnesota offered him an $80 million, four-year extension this offseason, but he turned it down.
Any new deal for the left-hander was expected to set a record for pitchers, surpassing the $126 million, seven-year contract Barry Zito got from the San Francisco Giants last offseason.
Material from The Associated Press was used in this update.