Jason Bay, Mets part ways; $21M payout will be deferred over several years

Jason Bay runs during the second inning of

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Jason Bay runs during the second inning of a game against the Miami Marlins at Citi Field. (Aug. 7, 2012) (Credit: Jim McIsaac)

Jason Bay and the Mets ended their rocky marriage Wednesday, with both sides striking an agreement that gives the outfielder his unconditional release, while potentially freeing up cash for the team to spend this offseason.

The Mets absorbed the full amount still owed to Bay -- $21 million -- which includes his salary for next season ($16 million), a buyout for 2014 ($3 million) and the remainder...

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