The Mets signed Tim Redding to a 1-year, $2.25 million contract with incentives. I previously advocated signing Redding, and I think this is a strong deal considering the cost. Marcel and CHONE project Redding at somewhere around 160 IP and a 4.90 FIP, which I'll gladly take from my #5 starter. Fangraphs likes the deal and BtB pegged his value at about $5 million. Of course his spot in the rotation isn't guaranteed, as Jon Niese could win the job in spring training.
I'm fairly certain the Mets will sign either Derek Lowe or Oliver Perez, and I really hope it's Lowe. A rotation of Santana-Pelfrey-Perez-Maine-Redding would be no better than last season's, especially considering the pitchers' health issues. Adding Lowe would be a significant upgrade, so let's hope the negotiations with Scott Boras go well.