- The New York Mets’ World Series odds have shot up after Alex Correa agreed to a free-agent deal with the team.
- Correa had originally come to terms with the San Francisco Giants last week but in a sudden twist, he spurned the Giants and is now headed to New York.
- The Mets’ World Series odds went up from +1000 to +700 after the Correa news.
What happened to the Giants and Carlos Correa is another story but as far as the New York Mets are concerned, their futures odds are surging after Correa spurned the Giants and ultimately ended up agreeing to a 12-year $315 million free-agent deal with the Mets.
Correa originally had agreed to terms on a historic 12-year deal worth $350 million with the San Francisco Giants. But the deal fell apart, and in an unprecedented move, Correa changed course and is now headed to New York.
News of Correa’s decision immediately shook up the 2023 World Series odds boards and the NL Pennant betting boards. Of course, the Mets were the biggest risers.
Mets Futures Odds Movement After Correa Signing
The Mets opened at +1000 to win the 2023 World Series, trailing the Los Angeles Dodgers (+500), Houston Astros (+550), Atlanta Braves (+850), and the New York Yankees (+850). But after signing Alex Correa, the Mets moved to second favorites at +700 odds via SportsBetting.ag with only the Astros having better odds than them at +625. The Yankees are third in the latest betting board at +750 while the Dodgers dropped to 4th at +775 while the Braves fell to +1000 odds.
They also hit the opening 2023 NL Pennant betting board at +475 odds, tied with the San Diego Padres and Atlanta Braves as second favorites behind the Dodgers who were listed at +330 odds. However, the Mets have matched the Dodgers at the top of the SportsBettng.ag odds board at +350 odds with the Braves and Padres now both listed at +500 odds and the Philadelphia Phillies the only other team with odds shorter than +1000 at +600.
While the Mets moved up in the betting ladder, the San Francisco Giants’ futures odds took a hit after failing to land the highly-sought after free agent. San Francisco’s World Series odds dropped from +3500 to +5000 while their NL Pennant odds faded from +1700 to +2500 after the deal collapsed.
Mets Have Spent $806.1 Million in Free Agency So Far
The Mets in free agency so far:
– Carlos Correa, $315M
– Brandon Nimmo, $162M
– Edwin Díaz, $102M
– Justin Verlander, $86.6M
– Kodai Senga, $75M
– Jose Quintana, $26M
– Omar Narvaez, $15M
– Adam Ottavino, $14.5M
– David Robertson, $10MTotal: $806.1 million
(H/T: @JeffPassan) pic.twitter.com/fNs10Ze2MW
— Pickswise (@Pickswise) December 21, 2022
While it was the Correa deal that shortened the Mets’ World Series odds, it wasn’t the only big deal that team owner Steve Cohen has made this offseason. The Mets also signed RHP Justin Verlander to a two-year $86 million deal, RHP Kodai Senga to a 5-year $75 million contract, and LHP Jose Quintana to a two-year $26 million deal.
The Mets also re-signed outfielder Brandon Nimmo ($162 million for 8 years), Edwin Diaz ($102 million for 5 years), and Adam Ottavino ($14.5 million for two years). Then there is catcher Omar Narvaez ( $15 million for two years ), and reliever David Robertson ($10 million for one year). All told, Cohen has splurged $806.1 million this winter alone.
If the Correa deal is completed, the team’s estimated annual payroll would increase to $384 million. Because that number puts them above the tax line, the Mets would end up paying an estimated $111 million in luxury taxes, half of which will be given to the other MLB teams. That means that their total payroll would be just short of $500 million. In the history of MLB, no team has ever come within $150 million of that total.
Steve Cohen Making Good on His Commitment to Mets Fans
Steve Cohen says the Mets are still working to improve this offseason:
“I made a commitment to the fans. If it means I have to spend money to fulfill that commitment, so be it.” https://t.co/Cw5RkJlsmr pic.twitter.com/elesrNGucZ
— SNY (@SNYtv) December 17, 2022
When Steve Cohen purchased the Mets two years ago, he promised to bring unprecedented success to Queens. This offseason, Cohen is “merely” making good on his promise to the Mets’ fans.
In an interview with the NY Post, Cohen said:
We all knew that Cohen would use his wealth to build a championship team. But who would have thought that he would go this expensive? It would be an understatement to say that Steve Cohen is going all-in to win a World Series. He has put his wallet where his mouth is. Now it’s up to the players to deliver.
