The Mets are now free to deal him to any team. However, Colon will be ineligible for the postseason if he is traded after August 31.
As of last month, the Mets were willing to absorb roughly $2 million of Colon's 2015 salary in order to help facilitate a deal (Daily News, Aug. 25). They are also more than fine keeping him through this season, while exploring trades this winter, since the team feels he could have more value this winter when compared to pitchers on the free agent market (Newsday, Aug. 24).
Matthew Cerrone: It's quite clear no team has interest in paying Colon's $11 million salary next year -- including the Mets, for that matter. Sandy Alderson was asking a steep price for Colon in July. I'm sure it's the same today. He took the same stance with Carlos Beltran, RA Dickey and Marlon Byrd. He could have traded each player earlier than he did, but he researched and set his market, slow-played his hand and eventually got what he wanted. It looks like he's taking the same approach with Colon, who I still think is more likely to be dealt this winter than this month, but we'll see...
Colon was placed on revocable waivers this past weekend, according to Ken Rosenthal (FoxSports, Aug. 23).
The Mets listened to offers for Colon prior to the July 31 non-waiver trade deadline, but reports indicated he was more likely to get dealt during August, if he is to be traded at all (NY Post, July 31).
If Colon is claimed by a team, the Mets can dump the contract on that team, work out a trade, or pull him back — which would make him ineligible to be dealt again this season. If Colon were to clear waivers, he can be freely dealt to any team at any time.
Multiple reports have speculated the Angels could have renewed interest in Colon, since losing Garrett Richards (13-4, 2.53 ERA) to a season-ending knee injury.