New York Mets closer Edwin Diaz signs five-year, $102million extension

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One of the top free agents is no longer on the market on the first day of the offseason, with the New York Mets reportedly bringing back closer Edwin Diaz on a five-year, $102million contract, which was agreed to on Sunday.

The deal – which is pending a physical – includes an opt-out clause, a full no-trade clause and a sixth-year option.

It is being reported as the largest contract in baseball history for a reliever, making Diaz the first at his position ever with a nine-figure deal and first to make $20million annually.

The 28-year-old Diaz secured the massive contract after a phenomenal 2022 season, in which he posted a 1.31 ERA and 0.84 WHIP while converting 32 of 35 save opportunities – his second straight season with 32 saves.

Armed with a vicious slider and an overpowering fastball, the shutdown closer earned his second All-Star team selection while proving to be one of the most difficult pitchers to hit, racking up 118 strikeouts in just 62 innings. That rate of 17.13 strikeouts per nine innings is the second-best in MLB history among pitchers with a minimum of 50 innings, trailing only Aroldis Chapman’s rate of 17.67 for the Cincinnati Reds in 2014.

Diaz made his first All-Star team with the Seattle Mariners in 2018, when he compiled 57 saves – tied for second most in a season in baseball history. His 205 career saves are the sixth most by an active pitcher.