Orioles, Pete Alonso Agree To Five-Year Deal

"The Orioles missed out on Kyle Schwarber yesterday but are getting their big bat today, as ESPN's Jeff Passan reports that they're finalizing a five-year, $155MM deal with longtime Mets first baseman Pete Alonso. The agreement is in place with only a physical yet to be completed, Joel Sherman of the New York Post adds. There are no deferrals or opt-outs in the contract, per MassLive.com's Chris Cotillo."

"Alonso, who turned 31 over the weekend, famously rejected a reported seven-year, $158MM extension offer from the Mets back in 2023. He drew a fair bit of criticism for that decision, particularly when his market didn't develop as hoped during last offseason's initial foray into free agency. He wound up returning to the Mets on a two-year, $54MM deal that was frontloaded with a $30MM salary in 2025 and allowed him to opt back into free agency this winter."

"While bolstering the rotation has been the obvious goal for Baltimore all offseason, the O's have also been in pursuit of a major upgrade to the lineup. They offered Kyle Schwarber the same five-year, $150MM terms to which he agreed in his return to the Phillies and have now pushed incrementally further to give Alonso a record-setting average annual value for a first baseman over that same five-year term."

The Orioles are finalizing a five-year, $155MM contract with Pete Alonso, with only a physical remaining and no deferrals or opt-outs. The deal includes a limited no-trade clause and Alonso is represented by the Boras Corporation. Baltimore pursued lineup upgrades after missing Kyle Schwarber and matched then exceeded comparable five-year terms to secure Alonso, delivering a record-setting average annual value for a first baseman. Alonso, who turned 31 recently, rejected a seven-year, $158MM extension in 2023, returned on a two-year, $54MM deal, and will total $205.5MM over seven years when combining recent and prior guaranteed money.

Read at MLB Trade Rumors