The Mets have decided the fate of manager Carlos Mendoza after their disastrous collapse saw them miss the playoffs this week.

Following a trip to the National League Championship Series last year and the record $765million signing of Juan Soto, New York was considered a World Series contender heading into this season.

And while that didn't come close to materializing - with the Mets sputtering to an 83-79 record - Mendoza will retain his role with the franchise.

'I believe Carlos has all the same traits and assets that I believed [he had] when we  hired him two years ago,' president of baseball operations Davis Stearns said, via ESPN.

'And I think over the course of his tenure here, he has demonstrated that. We had a tough year this year. There's no question. We are all disappointed. We were all frustrated - Mendy, as much or more than anybody else. But I still believe he's a very good manager, and I think he's going to demonstrate that.'

The Mets were holders of the league's best record earlier this season, but went just 38-55 from June 13 onwards as they slowly lost footing in the postseason race.

Their fate was ultimately sealed on Sunday as they lost 4-0 to the Marlins.  

A win would have gotten them into the postseason due to the Reds losing to the Brewers, though it will now be Cincinnati facing the Dodgers in the wild card round.

As for Mendoza, the Venezuelan has a record of 172-152 in his first two seasons with the Mets.

Stearns noted to reporters that he is still making decisions on the rest of the coaching staff.

Following a thrilling postseason run last year, the Mets struggled with injuries to their pitching staff, with Stearns blaming himself on Monday for not constructing the roster well enough.

He also cited the team's defense, while Soto struggled out of the gate before winding up with a career-high 43 home runs and the best on-base percentage in the NL.

Still, the Mets - despite having the second-highest payroll in the league - kept their 39-year World Series drought alive as owner Steve Cohen apologized to fans. 

'Mets fans everywhere, I owe you an apology,' Cohen wrote on X. 'You did your part by showing up and supporting the team. We didn't do our part. We will do a post-mortem and figure out the obvious and less obvious reasons why the team didn't perform up to your and my expectations.

'We are all feeling raw emotions today. I know how much time and effort you have put into this team. The result was unacceptable. Your emotions tell me how much you care and continues to motivate the organization to do better. Thank you to the best fans in sports.'