{"id":547846,"date":"2026-01-31T16:33:29","date_gmt":"2026-01-31T16:33:29","guid":{"rendered":"https:\/\/www.rawchili.com\/mlb\/547846\/"},"modified":"2026-01-31T16:33:29","modified_gmt":"2026-01-31T16:33:29","slug":"what-could-a-freddy-peralta-extension-look-like-for-mets","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/mlb\/547846\/","title":{"rendered":"What Could a Freddy Peralta Extension Look Like for Mets?"},"content":{"rendered":"

Freddy Peralta<\/a> is an incredibly accomplished pitcher, and after the Mets traded Jett Williams<\/a> and\u00a0Brandon Sproat<\/a> for him and\u00a0Tobias Myers<\/a>, it would make sense for the club to try to extend him. Peralta is a two-time All-Star coming off a season in which he placed in the top five of NL Cy Young Award voting. Since signing his initial extension before the 2020 season, he has pitched 767 2\/3 innings to a 3.33 ERA and 1.10 WHIP with a 29.9% strikeout rate and 9.0% walk rate.<\/p>\n

Peralta is not an ace to the level of Tarik Skubal<\/a> or\u00a0Paul Skenes<\/a>, but he has been around a top-20 pitcher in the sport for long enough that it would make sense to lock him up for the remainder of his prime.<\/p>\n

Peralta\u2019s initial extension, which included club options, came out to seven years and $30 million and will conclude with the 2026 season. He may now be looking to capitalize on his stellar 2025 season. Can David Stearns extend him again?<\/p>\n

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Comparisons<\/p>\n

Tim Britton and Will Sammon of The Athletic <\/a>laid out three great comparisons for Peralta: Tyler Glasnow<\/a>,\u00a0Luis Castillo<\/a>, and\u00a0Joe Musgrove<\/a>. They all were extended at age 30, the same age season Peralta is entering. Ranger Su\u00e1rez<\/a>, who just signed with the Red Sox in free agency, is another example they gave that could be a comparison to Peralta. Another name I would add is Kevin Gausman<\/a>.<\/p>\n

Before we dive into these names, here is a quick baseline for Peralta. He is a career 3.59 ERA and 1.13 WHIP pitcher, who became a full-time starter in 2021 and has made 30 or more starts in each of the last three seasons.<\/p>\n

Tyler Glasnow<\/p>\n

Glasnow signed a five-year, $136.6 million contract, which bought out the final year of the contract he already had and included $111.6 million in new money. Across 529.2 innings at the time he signed, he was a career 3.89 ERA and 1.21 WHIP pitcher with a 30.9% strikeout rate and 9.6% walk rate. He did not have Peralta\u2019s durability and had never completed more than 21 starts in a season before signing. He signed with one season to go before free agency.<\/p>\n

Luis Castillo<\/p>\n

Castillo signed his contract before the end of the 2022 season for five-years and $108 million. This bought out his final year of arbitration and includes a vesting $25 million player option for 2028 if he hits 180 innings in 2027. If he misses 130 games due to UCL surgery, it becomes a $5 million player option. Heading into the extension, Castillo pitched 857.2 innings to a 3.59 ERA and 1.20 WHIP with a 26.3% strikeout rate and 8.5% walk rate. His extension was signed soon after he was traded to the Mariners.<\/p>\n

Joe Musgrove<\/p>\n

Musgrove signed his five-year, $100 million extension towards the end of the 2022 season before he would have entered free agency. Heading into the extension, he had thrown 859 innings to a 3.79 ERA and 1.17 WHIP with a 23.8% strikeout rate and 6.1% walk rate. He had pitched 30 starts in all of the prior three full seasons, and when he signed the extension, he was near the end of a 2.98 ERA and 1.08 WHIP campaign.<\/p>\n

Ranger Su\u00e1rez<\/p>\n

S\u00faarez recently signed a five-year, $130 million contract with the Red Sox, which includes a $35 million mutual option in 2031 with a $10 million buyout. To date, Su\u00e1rez has pitched 762 innings to a 3.38 ERA and 1.27 WHIP with a 22.1% strikeout rate and 7.5% walk rate. He has struggled with injuries and has yet to make 30 starts in a single season.<\/p>\n

Kevin Gausman<\/p>\n

Gausman signed his five-year, $110 million contract in free agency heading into the 2022 season. At the time of signing, he had pitched 1177.1 innings to a 4.02 ERA and 1.28 WHIP with a 23.4% strikeout rate and 7.0% walk rate. He completed at least 30 starts in four of the previous five full seasons, and the four seasons before signing, he pitched to a 3.83 ERA and 1.21 WHIP with a 25.3% strikeout rate and 6.6% walk rate, despite most of that time taking place during the juiced ball era.<\/p>\n

Proposed Offer<\/p>\n

Peralta\u2019s agency, ACES, has worked on extensions with the Mets before, with the most notable player being David Wright<\/a>. Players signed to their agency have a history of signing extensions, including Logan Webb<\/a>,\u00a0Carlos Carrasco<\/a>,\u00a0Yandy D\u00edaz<\/a> and\u00a0Charlie Blackmon<\/a>. Since 2015, ACES is third to only CAA Sports and Wasserman, with its 23 extensions.<\/p>\n

Peralta will likely want a front-loaded contract. He may even want a deal that begins in the 2026 season, paying him more than the $8 million he is owed for the year. The Mets, meanwhile, may not want to commit to Peralta past his age-34 season.<\/p>\n

On a contract that starts in the 2026 season, he will likely want to make more than $100 million in new money with a significant signing bonus. To get that signing bonus, the Mets may want a club option at the end of the contract.<\/p>\n

So, I am proposing a five-year, $130 million extension beginning in 2026 with a $22 million signing bonus paid out before this upcoming season. His salary for 2026 would still be $8 million, and he would then be paid $25 million each of the remaining four years. This contract would include a $25 million club option for 2031 with a $5 million buyout. That would make the guaranteed amount $135 million with $127 million in new money.<\/p>\n

It could also be viewed as Peralta signing a four-year, $127 million contract ($31.75M AAV) after the 2026 season, but this version would make the five year competitive-balance tax hit $25.4 mil and Peralta would get a good chunk of the contract early, and also he could claim it based on his primary home for tax purposes instead of New York City.<\/p>\n

Final Contract: 2026-2030, five-years, $130 million, with a 2031 club option worth $25 million ($5M buyout).<\/p>\n

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