The Boston Herald is reporting that Pedro Martinez has accepted a four-year contract to pitch for the New York Mets:

According to sources, Red Sox officials were awaiting official word this afternoon that Martinez had accepted the offer to New York.
The three-time Cy Young winner reportedly agreed to terms on a four-year deal with the Mets worth $56 million, or $14 million a year. That deal is a year longer and approximately $500,000 more a year than the Red Sox were willing to spend in order to retain Martinez, according to a baseball source.

Dag. If this is in fact true, props to the Mets for stepping up and bagging their man.