Pedro talked this week about being open to a contract extension beyond this season. The Mets appear to want to see what he can do for at least the first half of the season. He’s an injury risk after missing most of last season. Johan Santana is the clear #1 starter now, so Pedro’s stock has gone down as has his spot in the rotation. I would wait until the end of the season before talking to Pedro about another contract. If Pedro returns to his successful form, I would try to keep him on a two-year deal or maybe a third option year. They should be able to get him in the $8-10M/year range if he’s back to his old self.