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Jacob DeGrom signs large extension

New York Mets starting pitcher Jacob DeGrom has inked a five year extension

MLB: New York Mets at Chicago Cubs Patrick Gorski-USA TODAY Sports

Jacob DeGrom and the New York Mets have agreed on a five year, $137.5M contract extension, per multiple reports. The deal runs from 2019-23, with a club option for 2024 and an opt out after 2022. DeGrom was under contract for 2019 for $17M, was arbitration eligible for 2020, and was going to be a free agent after 2020.

DeGrom, 30, had a 9.6 bWAR season in 2018, and has established himself as one of the top starting pitchers in the game. The AAV for the post-2019 years is on the surface $30 million, though there is apparently significant deferred money that lowers the actual value.

UPDATE — Per Joel Sherman, DeGrom gets a $10M signing bonus, a $7M 2019 salary, $23M in 2020, $33.5M in 2021 and 2022, $30.5M in 2023, and a 2024 club option for $32.5M.