Pete Alonso's Mets Contract Bonuses, Details Revealed After Reported $54M Deal

The full details of Pete Alonso's contract with the New York Mets have been revealed.

According to Jon Heyman of the New York Post, Alonso's two-year, $54 million deal includes a $10 million signing bonus, $20 million salary in 2025 and a $24 million player option for 2026.

Additionally, he has a number of incentives, including a $200,00 bonus for winning MVP (or $150,000 for finishing second in the voting and $50,000 for finishing third); a $100,000 bonus for winning a Gold Glove, Silver Slugger, LCD MVP, All MLB or being an All-Star; and a $150,000 bonus for being the World Series MVP.

"We’re excited to welcome Pete back to Queens," Steve and Alex Cohen said in a statement on Wednesday. "He is a homegrown talent who is adored by our fanbase. It should be a fun summer at Citi Field watching Pete contribute to a great lineup and chase the franchise home run record."

The team's president of baseball operations, Pete Stearns, also spoke on the importance of bringing Alonso back after the uncertainty of his free agency:

"Pete is a great Met and one of the league’s elite power threats," he added in a statement. "I'm thrilled that we reached an agreement, and I'm looking forward to watching Pete help anchor our lineup."

Alonso, 30, hit .240 in 2024 with 34 homers, 88 RBI, 91 runs and a .788 OPS, playing in all 162 games. It was a touch of a down year for a player who has hit 40 or more home runs in three of his five full MLB seasons—he was well on pace to doing so in the COVID-shortened 2020 season as well, when he had 16 homers in 57 games—and has never had an OPS below .800 before the 2024 campaign.

And Alonso showed up in a big way during the postseason, with four homers and 10 RBI in the team's run to the NLCS.

Once the Mets signed Juan Soto to his massive contract, however, it was unclear if the team could afford to bring Alonso back. Ultimately, the two sides found an agreement that will keep him in New York for at least one more season and offer him the flexibibility to potentially hit free agency in a year to retest the market.