MLB Rumors: Mike Pelfrey and New York Mets Agree to 1-Year Deal

In order to avoid arbitration, the New York Mets have re-signed Mike Pelfrey to a one-year, $5.68 million contract for the 2012 season, according to reports.

As a Met, Pelfrey has been disappointing to say the least. Once considered the top prospect in the Mets' organization, Pelfrey is now reduced to an end of the rotation spot and you can hear the collective groans of Mets fans every time he takes the mound.

Pelfrey has been extremely inconsistent with New York, posting a 50-54 record with an ERA of 4.40. His shining moment came in 2010 when he won 15 games for the 'Amazins.

On the brighter side, he has become an innings-eater for the Mets, starting over 30 games in each of the past four seasons while throwing over 180 innings or more as well.

The Mets will have one more season to try and straighten out their once promising prospect, but it won't be easy. Just when you think Pelfrey is turning a corner, he takes a giant step back instead. Many attribute his problems to being a head case, others just don't think he's as good as once advertised.

No matter how you slice it, this will be Pelfrey's last season in New York barring a miracle. He will be eligible for free agency next season and if he continues to pitch the way he did in 2011, there's not a prayer the Mets would re-sign him.

Even if he returns to his 15-win form from 2010, the penny-pinching Mets will likely pass on the type of money he could command in the open market.

It's officially a contract year for Pelfrey and if he doesn't answer the bell this season, who knows if he ever will.