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The Mets spent, the Yankees didn't and more: Takeaways from a wild MLB free-agency period

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How the lockout will impact baseball (2:34)

The Baseball Tonight crew discusses how MLB will be impacted by the first lockout since 1994. (2:34)

When MLB free agency began, as I was comparing notes with agents and executives, a popular discussion was how many players would sign big deals before the collective bargaining agreement expired on Dec. 1. The common opinion was that only a couple of guys would sign for $75 million or more -- and some legitimately thought zero would. They also expected slower-than-usual overall volume.

All of that turned out to be ... wildly wrong!

Now we're in the midst of a lockout that will likely freeze the market for months, but before Dec. 1, we had tons of action to a degree that no one expected. Over the course of about three weeks, teams handed out 51 MLB deals with guaranteed money totaling $1.974 billion. If you include extensions occurring in the 2021 calendar year, another $1.655 billion was spent, and nearly $1.1 billion of that went to five players: Byron Buxton, Wander Franco, Jose Berrios, Francisco Lindor and Fernando Tatis Jr. Let's go on a journey of the lessons learned from this incredibly entertaining and active first part of the offseason.

The Mets went hard.
The 2021 season didn't go that well for the New York Mets, who ended the season in third place in the National League East with 77 wins and watched the Atlanta Braves win the World Series. But since the clock turned to November, things have turned around. Robinson Cano's season-long suspension ended, Jacob deGrom should be healthy by the time the season starts, and they added Max Scherzer ($130 million guaranteed), Starling Marte ($78 million), Mark Canha ($26.5 million) and Eduardo Escobar ($20 million) in free agency. With these additions, FanGraphs' depth charts now have the Mets in a dead heat with the best teams in baseball. The Mets, a team that posted 34.6 WAR in 2021, are projected to post 48.0 in 2022 -- behind (and just slightly) only the Dodgers and Yankees.