Sources told Jeff Passan that the New York Mets are in agreement on a five-year, $102 million contract with the star closer.
The opt-out and a full no-trade clause are included in the contract.
It is the first nine-figure contract for a closer and it takes the position into the $20 million-plus range for the first time.
He made $10 million this year, but after a season in which he finished with 32 saves, a 1.31 ERA and 118 strikeouts in 62 appearances for the Mets, he became the highest paid baseball player.
The Yankees' top relief pitchers were among the 131 players who were declared free agents on the day after the season ended.
One of baseball's top free agents is no longer on the Mets' radar, as they decided to keep him.
In December of last year, he was part of a blockbuster trade that saw him and Robinson Cano go to the New York Mets for a prospect-laden package. Bobby Thigpen had the second most saves in a single season in baseball history, trailing only Francisco Rodriguez's 62 in 2008, but he was not the only one.
His early time in New York was not a good one. In his first season in the Big Apple, he had a mediocre 5.39 earned run average, 15 homers allowed, and a negative bWAR, as Mets fans booed him on the mound.
The dominant 2022. has been righted by Diaz. He's become a fan favorite in New York because of the hit song "Narco" by Timmy Trumpet, which is played every time he leaves the pitchers' mound.