The New York Mets have made a lot of moves this offseason, the latest of which was re-signing Jeff McNeil. Now, they have another homegrown talent pending an extension, Pete Alonso. Concerning this, Jon Morosi in MLB Network commented on what a possible extension of Pete Alonso would be like.
Morosi compared Alonso and Matt Olson to argue how similar the two players are, of a similar relative age, and that Olson signed an extension with the Braves of $168 million for 8 years. Using this similarity, Morosi believes that an extension for the same eight years and around $200 million, would be enough to secure Alonso for life. The contract would be equivalent to an AAV of $25 million.
$25 million would be a reasonable annual average value for Mets slugger Pete Alonso
Looking at the contracts awarded to the best first basemen of the league like Freeman and Goldschmidt, which earn $27 million and $26 million per year, respectively, the one Morosi suggests turns out to be in line with the market.
It is understandable that Pete Alonso will try to secure as many years as possible. If the extension were to result at this moment, it would be logical to think that it could reach nine years. This is with an estimated annual value lower than that suggested by Morosi since it would be buying a year of arbitration projected at $14.5 million for 2023.
The Polar Bear will be more inclined, given his contractual status, to wait until the end of 2023 to try out in the free agency market. Similarly, barring an MVP season or a bad season like the one evidenced in 2020, Morosi's suggested value is reasonable. A contract of around $200 million with an annual value between 24 and 25 million per year should be enough to keep Alonso happy playing first base in Queens until his retirement.