Santana's 2014 option may flip sides

Santana's 2014 option may flip sides

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 3 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 in history for a pitcher, calls for Santana to make $19 million in 2008, $20 million in '09, $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.

Copyright 2008 Associated Press. This story was not subject to the approval of Major League Baseball or its clubs.