Mein Labrum
The only thing holding up the Pedro Martinez to Mets deal is Petey's labrum, or lack thereof. The details are somewhat wishy-washy, though Pedro has gone on record with a Dominican television station as saying that the deal is done. Other sources indicate that he still has to pass a physical, and the rumor floating around is that the Mets are considering allowing Pedro to decline an MRI.
This would, of course, be very foolish, considering all of the anecdotal evidence of a torn labrum in Pedro's pitching shoulder. Regardless, I don't expect things to be held up for much longer, and would expect to see a Pedro news conference at Big Shea by next week.
For those who don't know, the labrum is a rim of cartilage that helps keep the shoulder's ball-and-socket joint in place. When the labrum tears, there is not much left to keep the "ball" in the "socket" (ref: google search).