The Mets believe they had a strong chance of landing the 2017 World Series MVP if the team matched the Blue Jays' offer, Sherman adds.
Club officials felt that Toronto needed to give Springer more money because the Blue Jays failed to make other big moves this offseason, including finishing runner-up to the Mets in their pursuit of Francisco Lindor, reports Sherman.
New York is currently about $25 million under the luxury-tax threshold, according to Spotrac.
Star outfielder Michael Conforto and Lindor will need new contracts following the 2021 campaign, with the latter expected to command a $300-million pact. Suspended second baseman Robinson Cano will be back on the books in 2022 with his $20-million salary, and starting pitchers Steven Matz, Marcus Stroman, and Noah Syndergaard are scheduled to hit free agency after next season.