Pete Alonso and the New York Mets finalized their two-year, $54 million contract as spring training opened in Florida with the team’s first formal workout for pitchers and catchers. New York also re-signed injured reliever Drew Smith to a one-year deal with a club option for 2026.

Pete Alonso, the top free-agent first baseman available this offseason, is going back to the Mets, the team announced Wednesday. It's a two-year deal for Alonso that is worth $54 million guaranteed. He will earn $30 million in the first year and the agreement includes an opt-out after that first season.

The Blue Jays made comparable offers to Pete Alonso, but Alonso chose the Mets for comfort and familiarity. Also, on-base machine Juan Soto’s presence didn’t hurt. Alonso has an .871 OPS with men on base vs. .838 with bases empty.