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Barry Zito

The NY Post reports the Mets needed to fly out to California to meet with Zito because he refused to come to New York. This would seem to be a bad sign for the Mets as Zito did fly to Texas to meet with the Rangers.

I'm not convinced it isn't hardball negotiating though. Something similar to a Master of the Universe having a higher chair for himself in his office than he does for his visitors.

What I believe is insurmountable for the Mets is their hopes that a $75MM contract plus the intangibles of New York can overcome a $100MM from Texas. Because of this:

---Tax Rates---
State Low High
NEW YORK 4 - 6.85
TEXAS No State Income Tax

So in addition to those "intangibles" making up the $25MM difference, they also need to account for the $5.1375 MM more in taxes Zito would pay if he took the NY offer. That is effectively a $30.1375MM discount for those "intangibles"!

As Derek Jeter demonstrates, intangibles go a long way, but they didn't even get him the MVP!