Mets’ Reed Agrees to $21.75M Deal
NEW YORK (AP) _ The New York Mets finally signed a starting pitcher, agreeing Wednesday to a three-year contract with Rick Reed worth about $21.75 million.
The Mets scheduled an afternoon conference call to announce a signing, but would not confirm the subject. A source with knowledge of the negotiations, speaking on the condition he not be identified, confirmed the team signed Reed.
Reed gets $6.75 million next season, $7 million in 2002 and $8 million in 2003. The Mets have an $8 million option for 2004 that would become guaranteed if he has either 585 innings pitched in the next three seasons or 400 in 2002 and 2003.
Reed, a 36-year-old right-hander, was 11-5 with a 4.11 ERA in 30 starts last season. He had been seeking a $32 million, four-year contract from the Mets.
The Mets, who missed out on signing free-agent pitchers Mike Mussina and Denny Neagle, saw three of their five starting pitchers become free agents after the World Series: Reed, Mike Hampton, and Bobby J. Jones.
New York already has re-signed two of its relievers, agreeing to a $10.5 million, three-year contract with John Franco, and a three-year deal with Turk Wendell worth one cent less $9.4 million.