Santana's total deal exceeds $150M

Johan Santana reached a preliminary agreement with the Mets Friday night on a record contract, according to a major-league source, all but completing the trade that will send the two-time Cy Young Award winner from Minnesota to New York in exchange for four young players.

The Mets locked up Santana for the next seven years, signing him to a six-year, $137.5 million extension on top of the final year of his current deal, which is valued at $13.25 million. The total value of the package is $150.75 million, making his new average salary more than $21.5 million — a record for a pitcher on a long-term contract.

Santana, who turns 29 on March 13, needs only to pass a physical to make the trade official. But the most difficult elements of the transaction — the trade and contract negotiations — are finally complete. Santana is scheduled to take his physical Saturday morning, Twins GM Bill Smith said, according to The Associated Press.

The Mets needed Major League Baseball to grant a two-hour extension of the 72-hour negotiating window to persuade Santana to waive his no-trade clause, forsake free agency at the end of the season and approve the deal.

Without a new deal, Santana, who will turn 29 next month, could have become a free agent after the World Series. Minnesota offered him an $80 million, four-year extension this offseason, but he turned it down.

Santana was present for the final stages of the talks, according to two sources close to the negotiations. He was adamant that he deserved a vastly superior deal to Giants lefty Barry Zito, who signed a seven-year, $126 million contract as a free agent last off-season.

In return for Santana, who was eligible for free agency at the end of the season, the Twins will receive outfielder Carlos Gomez and pitchers Philip Humber, Kevin Mulvey and Deolis Guerra.

Cubs right-hander Carlos Zambrano held the previous salary record for a pitcher under a multi-year deal — $18.3 million per season over five years. Zito is earning $18 million per season in his deal with the Giants.

Santana's new average trumps both of those numbers, leaving Indians left-hander C.C. Sabathia — who is eligible for free agency at the end of the season — as the next in line for a monster score.

The only players with larger packages are New York Yankees third baseman Alex Rodriguez ($275 million), Yankees shortstop Derek Jeter ($189 million), Boston outfielder Manny Ramirez ($160 million) and Colorado first baseman Todd Helton ($141.5 million).

Santana is 93-44 with a 3.22 ERA in eight major league seasons, winning the AL Cy Young Award in 2004 and 2006 with the Twins. He has been less successful in the playoffs, going 1-3 with a 3.97 ERA.

The left-hander slipped a bit last year, finishing with a 15-13 record that included marks of 0-5 against AL Central champion Cleveland and 1-3 vs. Detroit. He dropped seven of his final 11 decisions as his ERA rose from 2.60 to 3.33 ERA, his highest since 2001. He also allowed a career-high 33 homers — most in the AL.

He joins a rotation that includes three-time Cy Young Award winner Pedro Martinez, right-hander Orlando Hernandez and a pair of 15-game winners from last season: John Maine and Oliver Perez.

The Mets also agreed to a $1,025,000, one-year deal with left-handed reliever Pedro Feliciano that avoided an arbitration hearing. A key member of the bullpen, Feliciano was 2-2 with a 3.09 ERA and two saves in 78 appearances last season. He asked for $1.2 million in arbitration and the Mets offered $880,000.

News Clip : The Associated Press contributed to this report.