The New York Mets face critical offseason decisions with Pete Alonso and Edwin Diaz both entering free agency.

Both New York teams—one loaded with payroll, the other steeped in rings—started strong but faded fast. The Yankees made the playoffs only to fall in the ALDS, while the Mets missed October entirely.

Pitchers Michael King and Michael Lorenzen along with catcher Mitch Garver became free agents Monday when their mutual ...