The Mets’ high-stakes gamble on Freddy Peralta is unraveling fast: once a Cy Young contender with a 2.70 ERA, he’s now tied for the league lead in losses with a brutal 5.01 ERA and just four quality starts. His underlying stats hint at bad luck or shaky defense, but his declining strikeout rate and harder-hit contact—especially on his once-deadly changeup—are undeniable. Peralta himself admits he’s lost his rhythm, and with just one year left before free agency, the Mets face a tough choice: keep a pitcher who’s clearly struggling or trade him for prospects, knowing teams will still pay up for his past brilliance—even if at a discount.

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