Jose Alvarado is declining his $4.5 million player option and intends to sign a new three-year, $14-plus million deal to return to the Knicks, sources told ESPN's Shams Charania.
The Cubs are acquiring left-hander David Peterson from the Mets in return for minor league infielder Cole Mathis, the teams announced Thursday.
Mets manager Carlos Mendoza said right-hander Kodai Senga has been demoted to the bullpen and did not rule out of the possibility of left fielder Juan Soto going on the injured list after he exited Tuesday's game with back tightness.
The Yankees put infielder Ryan McMahon on the 10-day injured list due to a throat infection and recalled utility player Oswaldo Cabrera from Triple-A Scranton/Wilkes-Barre.
Jets quarterback Geno Smith is being investigated by police for an incident in which a woman accused him of battery.
The Mets' woeful season might have taken another turn for the worse Tuesday night when Juan Soto exited after four innings against the Cubs with back tightness. He is day-to-day.