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Mets' Santana could reject 2014 option by reaching performance benchmarks

NEW YORK -- Johan Santana would get to make the decision on
his 2014 option, not the New York Mets, if he finishes high in Cy
Young Award balloting or pitches regularly in the latter stages of
his $137.5 million, six-year contract.

The Mets hold a $25 million option for 2014 with a $5.5 million
buyout under the deal agreed to last week. There are several ways
the option could become Santana's instead of the team's.

He wins one Cy Young Award and has another top three finish
from 2008-13.

He finishes second or third in Cy Young voting three times from
2008-13.

He is on the active roster for the final 30 days of the 2013
season and pitches either 215 innings in 2013, 420 innings from
2012-13 or 630 innings from 2011-13.

Whichever side holds the option must decide whether to exercise
it by Nov. 15, 2013, according to contract terms obtained by The
Associated Press. If the option is Santana's and he declines it, he
would not receive the buyout.

Peter Greenberg, Santana's agent, said Wednesday he anticipates
the two-time Cy Young winner will be with the Mets for all seven
seasons potentially covered by the agreement, which would be worth
$157 million over that span.

The deal, the most lucrative ever for a pitcher, calls for
Santana to make $19 million this year, $20 million in 2009, $21
million in 2010, $22.5 million in 2011, $24 million in 2012 and
$25.5 million in 2013.

Of each year's salary, $5 million will be deferred at 1.25
percent compounded interest, payable on June 30 seven years after
the season it was earned.

Santana's deal contains bonus provisions for All-Star selection
($100,000), league championship series MVP ($100,000), World Series
MVP ($250,000), postseason MVP ($100,000), postseason All-Star
($100,000), Cy Young Award ($500,00 to $1.5 million, depending on
how many), MVP ($250,000), Gold Glove ($100,000) and Silver Slugger
($100,000).

Santana also gets a full no-trade provision, a hotel suite for
road trips and a 15-person luxury suite for home games at Shea
Stadium this year. He will donate $250,000 annually to the Mets
Foundation.