Independent Study

Bo Bichette Mets Opt-Out & Contract Decision Workbench

Dated MLB sources • Illustrative assumptions
Model Assumptions Real-Time Recalculation
4.5 WAR
Authored WAR input; changes the low-WAR risk label only.
5.0%
Assumed annual compounding of the selected market salary.
$32.0M
Competitive bidding baseline on an open multi-year commitment.
3 Years
Redistribute the full $126M reported contract total; not an actual remaining-option schedule.
Hypothetical Threshold Gauge Illustrative room ($45.0M room)
Starting authored payroll: $199.0M 2026 threshold: $244.0M
Opt-Out Favored Under Current Projections
Exercise Opt-Out (Explore Free Agency)
At 4.5 WAR and 5.0% inflation, free agent bidding generates superior guaranteed value versus keeping the remaining 3 years / $126M.
Valuation Delta
+28.5%
First-year market AAV vs. baseline allocation
Nominal Horizon Difference
$21,500,000
Incremental total cash via open market pact
Opt-Out Status
Opt-Out Favored
Rule-based category; no probability estimated
Downside Risk Index
Moderate (Injury / Age Factor)
Volatility in free agent multi-year guarantees
Cumulative Earnings Trajectory (D3.js Visualization)
Free Agency / Opt-Out Trajectory
Evenly Allocated Baseline (default $42M/year)
Year Status Mets Contract ($) Market Value ($) Net Surplus / Deficit

Separate contract facts from the scenario arithmetic

What changes when a fixed contract value is spread across a different horizon?

The workbench compares an evenly allocated fixed total with an assumed annual market value that compounds each year. It illustrates sensitivity, not a player decision, negotiated offer or payroll forecast.

No injury probabilities, market bidding, salary schedule, taxes, discounting or actual Mets payroll are modeled. WAR affects only a rule-based risk label; it does not determine market salary. Selecting one to five years redistributes the same full contract total, rather than calculating an actual remaining player-option balance.

Try a worked example

At the default three-year horizon, $126 million divided by three is $42 million annually. The assumed $32 million market path pays $32m, $33.6m and $35.28m at 5% compounding: $100.88m total, a $25.12m shortfall. The first-year AAV difference is −23.8%, distinct from the cumulative difference. Changing WAR alone leaves these dollar calculations unchanged.

Documented context

MLB.com reported a three-year, $126 million agreement in January 2026. MLB.com: Bichette contract report (January 21, 2026)

The club announcement confirms player options for 2027 and 2028. Mets club announcement (January 20, 2026)

MLB lists the 2026 CBT threshold as $244 million. The tool’s $45 million starting room remains hypothetical. MLB CBT glossary

Read the rules and chart together

Market annual pay equals the selected AAV multiplied by (1 + inflation) to the year index; the first year uses index zero. The chart accumulates those amounts. The baseline splits its fixed total evenly, so changing the horizon changes its annual allocation. These are authored cash paths, not a reported payment schedule.

The action label uses first-year AAV difference: below 5% favors keeping the baseline, 5% through below 35% favors the market, and 35% or more selects the aggressive label. It does not use cumulative gain or estimate decision probability. The toy payroll gauge holds payroll fixed for either market branch and applies the AAV difference only for the keep branch; it does not implement CBT assessment.

Compare the annual ledger and cumulative chart, then export the assumptions. Reset restores the authored inputs. Do not interpret risk categories, nominal totals or hypothetical threshold room as a recommendation or a team compliance finding.

Sources and further reading
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