When we talk about the Mets locking up their young pitching, the general consensus is Jacob deGrom is the person most likely to sign an extension before he hits free agency. 

For his part, deGrom has said he is open to an extension. He is the oldest pitcher of the group. His agent isn’t Scott Boras. He’s not a local kid who grew up rooting for the Yankees. deGrom seems more affable than a Matt Harvey, so most assume he will re-sign with the Mets at a somewhat discounted rate. Well, today that notion flew out the window:

Statement from Brodie Van Wagenen, Jacob deGrom's agent. pic.twitter.com/6ARbCyaUeb

— Marc Carig (@MarcCarig) March 4, 2016

Let’s not overstate the meaning of this. deGrom thought he was worth more than the $607,500 he is going to be paid next year. He wasn’t going to agree to it, but under the Collective Bargaining Agreement, he had no recourse but to not sign the deal. As is their right, the Mets accepted deGrom’s decision and then told him he was going to be paid that amount whether he liked it or not. 

This is not a strain in the relationship between deGrom and the Mets. The only thing that can be gleaned from this is deGrom is not willing to sign an under-value market contract. So what is his market?  

The Mets will not have to pay deGrom next year until he hits arbitration as a Super Two player. Judging from Harvey’s first year of arbitration, he will be slated to receive around $4.325 million. If deGrom fights for much more than that, we will all know the type of fight the Mets will have when deGrom gets closer to free agency. 

As it stands, deGrom will become a free agent two years after Harvey. When Harvey does become a free agent, it will be around the time the Mets could begin talks with deGrom on an extension to buy out his remaining years of arbitration and a couple of years of his free agency. 

When deGrom does hit free agency, he will be 32 years old. If he signs two years prior to free agency, he will be 30 years old. We saw this offseason that 30 year old pitchers can receive massive free agent deals. David Price just signed a 7 year $217 million contract with an opt out after three years.  For his part, Zack Greinke, 32, signed a six year $206 million contract. These two pitchers are being paid between $30 – $35 million per year. 

Now, deGrom doesn’t have Price’s or Greinke’s credentials . . . yet. deGrom won the Rookie of the Year award in 2014. He was the star at the All Star Game in 2015. He finished Top 10 in Cy Young voting. He had a historic start to the postseason out-dueling Clayton Kershaw in Game One. He then beat the aforementioned Greinke in Game Five. If deGrom continues on this path, he will certainly be worth something in the ballpark of $30 million per year. deGrom’s actions today certainly points to him not wanting anything less than what he thinks he is worth. 

Now, on an extension, the Mets can manipulate how much deGrom earns when and try to give him deferred money. However, it is fair to assume deGrom could command close to an average annual value of $30 million per year. As it stands, it appears the Mets will have between $35.5 – $49.5 million to spend on pitching and a bench. 

Therefore, as it stands, if deGrom is going to insist on an extension at what he perceives as his value, as is his right, the Mets will have to expand the payroll beyond $140 million to lock up their pitching.