Mets exercise Jose Reyes option

The New York Mets exercised shortstop Jose Reyes' 2011 club option for $11 million on Wednesday, while leaving open the possibility of reaching a longer-term deal sometime this offseason to supersede it.

The team had until Nov. 15 to exercise the option.

"Jose Reyes is one of the most dynamic players in the game and there never was any doubt about picking up his option," Mets GM Sandy Alderson said in a statement. "A long-term deal is not out of the question. It is something we can certainly discuss at a future date."

"We're certainly willing to listen," said Chris Leible, who represents Reyes.

Reyes, 27, hit .282 with 11 homers, 54 RBIs and 30 steals in 563 at-bats this season and was a National League All-Star selection for the third time. He missed part of spring training and opened the season on the disabled list because of a hyperactive thyroid, and also dealt with right oblique muscle woes during the season's second half. That injury at one point prompted the switch-hitting shortstop to bat right-handed against right-handed pitchers.

In August 2006 Reyes signed a four-year contract that guaranteed $23.25 million and included a club option for 2011. He would have been eligible for free agency for the first time this offseason had he gone season-to-season during his arbitration-eligible years with the Mets.

Unlike with that original multiyear deal, when Reyes wanted financial security to purchase a home on Long Island and to set up his family long-term, it now may behoove Reyes to play out the option year and test free agency next offseason, even if his inclination is to remain a Met long-term.

Also, even if discussions occur this winter, it is unclear how an Alderson-led front office will approach long-term deals to free agents in their late 20s -- even if there is recognition that third baseman David Wright and Reyes are the homegrown faces of the franchise.

During his introductory news conference on Friday, Alderson said on the topic of long-term deals: "I would differentiate between, let's call it, a first-generation multiyear contract and a second-generation multiyear contract. I'd much rather sign a player who's got maybe two years' or three years' experience to a four- or five-year contract than a player who's got six or seven years' and sign him to a five- or six- or seven-year contract. That's just looking at the reality of the situation. Now, in some cases, you'll do it. But the track record on multiyear contracts isn't all that great."

In other Mets moves, the team added right-hander Manny Alvarez to the 40-man roster. The 24-year-old went a combined 6-4 with a 2.17 ERA in 78 2-3 innings for Class-A St. Lucie, Double-A Binghamton and Triple-A Buffalo. He converted 17 of 21 save chances.

Adam Rubin covers the Mets for ESPNNewYork.com. Information from The Associated Press was used in this report.