The Mets officially announced they re-signed RHP Bartolo Colon to a one-year deal on Friday.
Colon and the Mets agreed to a one-year, $7.25 million contract on Wednesday.
"I've had a great experience in New York," Colon said in a press release. "The fans are great, being part of the postseason was great. I'll do anything Terry wants me to do this year, start or relieve. I just want to help us get back to the World Series."
Colon will receive $50,000 incentives if he becomes an All-Star and if he wins a Cy Young award, Gold Glove award or Sliver Slugger award (Dec. 19).
The 42-year-old Colon went 14-13 with a 4.16 ERA in 33 appearances (31 starts) for New York in the regular season last year, and made seven playoff appearances in relief, giving up two runs in 8 2/3 innings.
He has spent his offseason working with reliever Hansel Robles in the Dominican Republic.
To make room for Colon on the roster, the Mets designated catcher Johnny Monell, who hit .167 in 27 games last year, for assignment.