Pete Alonso’s Potential Market on a Short-Term Deal

As the offseason wears on, talk about a potential short-term deal for Pete Alonso only intensifies. The slugger is one of the sport’s most prolific home run hitters, second only to Aaron Judge dating back to Alonso’s 2019 MLB debut. He’s a consistent 30- or 40-homer presence who’s anchored the middle of the Mets’ lineup from the moment he set foot in the majors. The “Polar Bear” is a former Home Run Derby winner who’s leaned into the spectacle of that summer showcase, participating in the event for five straight years and taking home the trophy on two different occasions.

Alonso is a marketable, star-caliber player who’d improve any lineup — even on the heels of a downturn in performance (relative to his lofty standards). After slashing .261/.349/.535 through his first four MLB campaigns, Alonso has dipped to “only” .229/.324/.480 over the past two seasons. He’s still corked 80 homers in that time and been 21% better than average at the plate by measure of wRC+, but it’s a notable departure from Alonso’s first four seasons, when wRC+ pegged him 37% better than the average hitter.

For a player who just turned 30 and doesn’t bring much to the table with the glove or on the bases, any dip in production is worrying. Alonso’s strikeout rate has also crept back up. After falling from 26.4% to 25.5% to 19.9% and 18.7% from 2019-22, he’s punched out at a 22.9% rate in 2023 and a 24.7% rate in 2024. It’s not necessarily an alarming trend yet for a player with Alonso’s prodigious power — especially since he’s also boosted his walk rate in consecutive seasons, reaching 10.1% in ’24 — but there’s still some reason to be concerned.

Alonso thrived at making contact on pitches off the plate in 2021-22 when his strikeout rate was at its lowest, doing so at a 59.4% clip that was well north of the 56.5% league average across those two seasons. Over the past two seasons, Alonso’s contact rate outside the strike zone has dipped to 54.6%. He’s offset that by cutting down on the rate at which he chases — hence the improved walk rate — but when he does chase, he’s swinging through the pitch more often.

Those red flags (of varying severity), Alonso’s age and the fact that he rejected a qualifying offer all surely combine to tamp down some interest in him. He never seemed that likely to reach the heights that Freddie Freeman did in free agency (six years, $162MM), but there was some thought that a five-year deal (or six at a lower rate) could be there.

That said, the…