In last offseason's analysis of the Mets' payroll situation, we pointed out how the team -- fresh off a run to the NLCS and with tons of money coming off the books -- was uniquely positioned to be aggressive, including the potential to make a serious run at Juan Soto.
The Mets were indeed aggressive and they landed Soto, changing the complexion of the payroll for the next 15 seasons.
This time around, the club was regrouping after one of the most disappointing seasons in franchise history, as they went from the best team in baseball in June to one that missed the postseason entirely.
Colored by David Stearns' stated refusal to "run it back," the 2025-26 offseason featured seismic change.
With the dust having settled, gone are fan favorites and key lineup cogs Pete Alonso, Brandon Nimmo, and Jeff McNeil.
Also gone is closer Edwin Diaz, who wanted to return but wound up with the Dodgers in Los Angeles, with Devin Williams set to take Diaz's closer role.
The way the offseason unfolded, with most of the Mets' key departures happening early and many of their big imports arriving late, there was a sense of uncertainty in the air for quite some time.
But with three enormous moves in late January -- Bo Bichette, Luis Robert Jr., and Freddy Peralta -- Stearns executed his plan to near perfection.
With a large chunk of the pitching staff already at spring training in Port St. Lucie ahead of next week's reporting date and Opening Day next month at Citi Field, here's how the payroll situation looks for 2026 and beyond...
SALARY COMMITTED FOR 2026
The Mets entered the offseason with roughly $223 million committed for 2026, per Cot's Contracts -- a number that included the $18 million estimated for player benefits, as well as money owed to arbitration-eligible players, zero-to-three players in both the majors and minors who are under team control, and the bonus pool for pre-arbitration players.
As things currently stand, the Mets' projected 40-man payroll for CBT purposes is $376.6 million. That includes $17 million still owed this season to Frankie Montas, who has been released.
For reference, New York ended last season with a 40-man payroll of $346.6 million.
Typically, the payroll expands during the season as teams add players via trade and the waiver wire.
Now off the books are the contracts of Alonso and Diaz (who both opted out before signing elsewhere). Also mostly cleared is the contract of Nimmo, who has five years and 97.25 million left on his contract (New York is paying $6 million of Nimmo's salary for 2026). The Mets will be covering $5.75 million of McNeil's remaining salary, and will pay his $2 million buyout for 2027 if the Athletics don't exercise his team option.
Other big obligations also off the books: Starling Marte (who made $20.75 million in 2025), Jesse Winker ($7.5 million), Ryne Stanek ($4.5 million), Griffin Canning ($4.25 million), and last season's four major trade deadline acquisitions -- Ryan Helsley, Tyler Rogers, Cedric Mullins, and Gregory Soto.
It's possible the Mets bring Marte back on a much smaller contract than the one that just expired.
Here are the major offseason additions and their cost against the CBP payroll for 2026:
Bo Bichette: $42 million
Marcus Semien: $24 million
Luis Robert Jr.: $22 million
Jorge Polanco: $20 million
Devin Williams: $15 million
Luke Weaver: $11 million
Freddy Peralta: $8 million
WHAT ABOUT EXTENSIONS FOR UNDER-CONTROL PLAYERS?
The name that jumps out here is Peralta, who is set for free agency after the season.
In order to acquire Peralta, the Mets dealt Jett Williams and Brandon Sproat to the Brewers -- a steep but fair price.
Speaking shortly after the trade, Peralta weighed in on the possibility of signing an extension.
"I just got here. I think that I got to share time with my teammates, think about different ideas," Peralta explained. "Learn about everybody -- coaches, the organization in general. And then we can see."
The above scenario -- feeling things out a bit before potentially discussing an extension -- is something that worked out with the Mets and Francisco Lindor in the not-too-distant past.
The Mets acquired Lindor from Cleveland on Jan. 7, 2021 and ultimately signed him to a 10-year, $341 million extension on the eve of Opening Day ahead of what was Steve Cohen's first season of ownership.
There is another player who stands out when it comes to a potential extension.
It's Francisco Alvarez.
An extension for Alvarez is probably something it would make more sense to explore during the season, though, if he begins the year in similar fashion to the way he ended 2025 -- when he slashed .276/.360/.561 with eight homers, nine doubles, and one triple in 41 games from July 21 through the end of the season. He also needs to continue to hone his defense.
Alvarez, who excelled after returning from the minors last season, also showed his toughness while playing through injuries to both of his hands down the stretch.
THE PAYROLL SITUATION IN 2027 AND BEYOND
Here are the Mets' projected 40-man roster salary obligations from 2027 to 2030, via Cot's:
2027: $266.94 million
2028: $186.77 million
2029: $106.26 million
2030: $106.26 million
As things currently stand, there will be a large drop in salary commitments after the 2027 season, and another big drop after the 2028 season.
It's important to note that the salary figures for 2027 and 2028 include the contract of Bichette at $42 million annually. Bichette has opt-outs after 2026 and 2027.
Not included for 2027 is potential money owed to Robert, with the Mets holding a team option for the 2027 season worth $20 million.
While the Mets have an enormous payroll for 2026 and are well above the highest luxury tax threshold of $304 million, they're starting to merge their high-priced veteran core with inexpensive starting rotation options (Nolan McLean, Jonah Tong, and Christian Scott) and an emerging group of young position player prospects.
Those players include outfielder Carson Benge, who could be the Opening Day left fielder. That group also features outfielder A.J. Ewing, and infielders Jacob Reimer and Ryan Clifford.
The Mets could also get a jolt in the bullpen this season from prospects including Dylan Ross and Ryan Lambert.
The stated vision of Stearns and Cohen is to build a sustainable winner that relies heavily on player development while having the wherewithal to bolster the team via free agency and the trade market -- outbidding other interested teams along the way.
That's something the Mets put into action this offseason, especially while using their deep farm system to land Peralta and their financial might to swipe Bichette from the Phillies' grasp.
The Mets, despite the step back on the field in 2025, continue to get closer to their ultimate vision, with them now having one of the best farm systems in baseball (despite trading Williams and Sproat) and a strong big league nucleus that has been remade.