The Mets plan to announce Jon Niese's new contract, which guarantees the southpaw $25.5195 million, at a press conference on Saturday. Niese is scheduled to undergo a physical during Friday's team off-day.
New York Mets
Originally Niese would have made $519,500 this season, and would not have been eligible for free agency until after the 2015 season.
Now, he gets a $250,000 signing bonus and $769,500 salary this season, for a total of $1.0195 million.
His salary jumps to $3 million in 2013, $5 million in 2014, $7 million in 2015 and $9 million in 2016.
The Mets hold options for 2017 at $10 million (with a $500,000 buyout) and $10.5 million for 2018 (with a $500,000 buyout).
So the total value of the deal could be $45.5195 million.