The New York Mets have spent a lot of money this offseason, which made re-signing first baseman Pete Alonso a bit of an uphill climb. Well, Mets fans can take a deep sigh of relief. Alonso is officially back.

After hitting 34 homers with a .788 OPS in 2024, Alonso entered this offseason as the No. 8 player on The Athletic’s Free Agent Big Board.

A person familiar with the deal tells The Associated Press that first baseman Pete Alonso is staying with the New York Mets, agreeing to a $54 million, two-year contract.

New York Mets owner Steve Cohen publicly acknowledged that contract talks with free-agent first baseman and Mets fan-favorite Pete Alonso have been "an exhausting" process. It seems Cohen isn't yet ready to completely move on from the 30-year-old slugger.

The first was re-signing reliever Ryne Stanek for one year, $4.5 million. The second was signing infielder Nick Madrigal for $1.35 million, which probably marked an end to the Jose Iglesias era in Queens. These moves “signaled” that the Mets “were leaving room for the possibility of a pivot back to Alonso,” Martino wrote.

The New York Mets are re-signing Pete Alonso to a two-year contract that calls for him to make $30 million in 2025 and includes an opt-out after the first year.

Pete Alonso isn’t going anywhere. In a surprise development, the fan-favorite first baseman reached a two-year, $54 million contract to return to the Mets, according to multiple reports. The first baseman will be making $30 million next season and owns a $24 million player option for the 2026 season.

The New York Mets have been steady in their efforts to bring Pete Alonso back to Queens. However, There has been no deal yet and that could change as spring training is right around the corner.