- Adam Rubin, ESPNNewYork.com
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The deal will pay Pelfrey $3.925 million during the upcoming season. He can earn another $50,000 in performance bonuses: $12,500 each for 200 and 205 innings, and $25,000 for 210.
Pelfrey, who turned 27 last Friday, made $3.3 million in 2009 as part of his original deal after signing as a first-round pick in 2005. But he did not yet have enough service time last offseason to be arbitration-eligible, so his salary dipped to $500,000 this past year.
He raced to a 9-1 start last season before a summer swoon, but nonetheless finished with a 15-9 record and 3.66 ERA while logging a career-high 204 innings. Pelfrey is eligible for free agency after the 2013 season.
Adam Rubin covers the Mets for ESPNNewYork.com. Information from The Associated Press was used in this report.
Mike Pelfrey has agreed to a contract with the Mets, avoiding salary arbitration, according to a team source.