NEW YORK -- The Mets signed right-handed starter Steve Trachsel to a two-year contract but decided not to offer salary arbitration to infielder Edgardo Alfonzo -- ending his stay in New York.

Trachsel will earn $4 million per season over the next two seasons, according to ESPN.com's Jayson Stark. There is also a vesting option for a third year at $5 million that will kick in if Trachsel pitches 360 combined innings, including 180 in 2004. He also He has $1 million per season in performance bonuses based on innings pitched.

He was 22-24 in his first two years with the Mets, working 173 2/3 innings in each after he signed as a free agent before the 2001 season. Trachsel rejoins a rotation that is now led by Tom Glavine and consists of Al Leiter and Pedro Astacio.

Alfonzo's production dropped off dramatically the past two seasons after two strong years in which the Mets reached the postseason in each. The 28-year-old player manned shortstop, second base and third base in 12 years in the Mets organization.

New York also declined to offer arbitration to right-handers Jeff D'Amico and Steve Reed, left-hander Mark Guthrie, and infielder John Valentin.

The Associated Press contributed to this report.