Ken Rosenthal reports that the Mets signed Billy Wagner to a 4 year/$43 million deal with a 5th option year.
Too much. Bring on the draft picks! The Phillies gain a first-round selection in the June amateur draft from the Mets (18th overall) as well as a compensatory pick after the first round (likely 31st overall), assuming the club offers Wagner arbitration. If the Phils sign a Type A free agent closer (Tom Gordon, for instance) they will forfeit their own first round selection (21st overall) but will retain the 18th overall selection from New York.