According to MLB.com's Mark Feinsand, Alonso and the Mets agreed on Wednesday to a two-year, $54 million contract. The deal reportedly includes a $10 million signing bonus and an opt-out after the first year, which will pay him a salary of $20 million.

Slugger Pete Alonso and the New York Mets are in agreement on a two-year, $54 million contract, sources told ESPN on Wednesday, ending a lengthy free agency with a return engagement to the only team for which he has played.

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.