Well, good for Perpetual Pedro, since this is the deal he had been seeking all along, and is more or less why the Mets only offered arbitration and did not re-sign him.
I wrote this in late November, and still feel the same way today:
He’s letting more runners on base, he’s pitched a ton of innings over the last few seasons, he’s walking more and striking out less, and he showed he’s not very effective against right-handed batters last season, at least to the extent that he should be used as anything more than a situational lefty. So, is it wise to sign a 35-year-old situational lefty, with a lot of mileage on his arm, to a two-year, $8 million deal? I don’t know that it is… the Mets might be better suited going out to the open market to find a replacement.”
Because he is a Type-B free agent, the Mets will receive a compensatory draft pick between the first and second round on next year’s draft, once he signs a new deal.