INDIAN WELLS, Calif. (AP) -- The New York Mets and Jason Bay agreed to terminate their contract a year early, a deal that makes the outfielder a free agent and allows the team to spread out the remaining $21 million it owes him.
The 34-year-old Bay was a major disappointment in New York after signing a $65 million, four-year deal before the 2010 season. The three-time All-Star hit .234 in three injury-plagued seasons with 26 homers and 124 RBIs, including a .165 average with eight homers and 20 RBIs this year.
"I still feel I have plenty to give to this game and that I can play baseball at a high level. But after serious consideration, both sides agree that we would benefit from a fresh start," Bay said in a statement released by the team on Wednesday.
"I'm grateful we were able to reach an agreement to allow that to happen. I'm excited to keep playing and have no intention of just walking away. I enjoyed my time in New York. I have no regrets in signing with the Mets, other than that I wasn't able to play to the level that the team, the fans and I all expected and that we weren't able to win more games. I move on with nothing but an appreciation for the organization and its fans and best wishes to all my teammates there," he said.
Bay was owed $16 million for next season and a $3 million buyout of a 2014 option, plus the final $2 million installment of his $8.5 million signing bonus was payable by next June. The agreement allows the Mets to push back some of the payments, a person familiar with the agreement said, speaking on condition of anonymity because that detail was not announced.
"Jason has a tremendous work ethic. There was never any question about it," Mets general manager Sandy Alderson said. "Unfortunately, the results weren't there, and we are in a results-oriented business."
Bay signed with the Mets after hitting .267 for Boston in 2009 with career bests of 36 homers and 119 RBIs.
"Jason is a great teammate, hard worker, standup guy, and true gentleman," Mets chief operating officer Jeff Wilpon said. "Like Jason, we had planned for the kind of production here that he enjoyed in Boston and Pittsburgh, where he established himself as one of the game's top players."
Bay missed the final two months of the 2010 season because of a concussion sustained while slamming into the left-field fence to make a catch at Dodger Stadium. He was on the disabled list from late April until early June this year because of a broken rib, then missed another month with a concussion when he crashed into the wall at Citi Field while trying to catch an inside-the-park homer by Cincinnati's Jay Bruce.
"There's not a player who tried harder to succeed or was more frustrated and disappointed than Jason himself," Mets manager Terry Collins said. "I'll miss Jason's presence in the clubhouse as a player, teammate, and person."