According to Jeff Passan, Pete Alonso and the New York Mets have agreed to a $7.4 million contract.
Alonso won't be going for arbitration because of the agreement. He has two more years of eligibility before he can get a full free agency.
There was no real danger of Alonso leaving the Mets because of his contract status.
Alonso's salary is more than he earned through his first three seasons, but it is still a bargain.
He finished the season with a.262/.344/.519 slash line and a 3.0 WAR, which was second on the team.
The Home Run Derby final was won by Alonso, who defeated the Baltimore Orioles player.
The Mets have missed the playoffs for five years in a row. When all was said and done, New York was unable to even get above.500.
The front office responded by signing Starling Marte, Eduardo Escobar and Mark Canha to bolster the lineup.
The success of the offense will likely come down to how Alonso performs in the middle of the order.