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Ottavino signed a one-year, $4.5 million contract with the Mets on Saturday, Joel Sherman of the New York Post reports.

Ottavino declined his player option worth $6.75 million earlier in the season, and the fact $4 million of that salary would have been deferred likely played a part in that decision. He'll now stick with the Mets on a cheaper deal and likely reprise his role as a high-leverage reliever. The 38-year-old righty logged a 3.21 ERA and 1.22 WHIP with 62 strikeouts in 61.2 innings last season while collecting a career-best 12 saves. Less ninth-inning work is likely in 2024 with closer Edwin Diaz back and healthy, however.

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