David Wright Signs Eight-Year Contract Extension with New York Mets; Biggest Deal in Franchise History Worth $138 Million

There's a very rich man in New York, and his name is David Wright.

The New York Mets have signed David Wright to stay with the MLB team for another seven years in a deal worth up to $122 million, according to the Associated Press.

The deal is reportedly the biggest in Mets history.

"I just think it's a great statement for everybody to have this guy wrapped up," Mets Manager Terry Collins, according to MLB.com. "I knew David wanted to stay. I knew that certainly the organization wanted to keep him and I thought there would be a common ground."

According to ESPN's Ian O'Connor, "The [Mets] had no choice here, even if it remained in the early hours of recovery from the Bernie Madoff meltdown, and even if it still believes the third baseman is a complementary star rather than a franchise maker, a Pippen rather than a Jordan."

"One of the things about him, he knows where he's happy," Collins added. "He knows what he means to the organization. Because of that, he was willing to certainly step forward and work hard to want to stay here."

The seven-year extension will start at the end of next season as Wright was already contractually obligated to play for the 2013 season. The 2013 season will see Wright earn $16 million, therefore he'll be earning $138 million by 2020.

In the 2012 baseball season, the Mets achieved 74 wins and 88 losses while Wright scored 21homeruns, 93 RBIs, and batted .306. The team finished fourth in the National League East division, for the fourth consecutive year. 

The previous lucrative contract in Mets franchise history was in 2008 when Johan Santana signed on for six-years worth up to $137.5 million.