Pete Alonso and the Mets finalized their $54 million, two-year contract Wednesday. Also, president of baseball operations David Stearns confirmed that Jose Iglesias is unlikely to return to the team this year.

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 New York Mets re-signed All-Star first baseman Pete Alonso on Wednesday to a two-year contract with a player option for 2026.