According to Ken Rosenthal:
Under terms of the deal, the Mets would get Putz, outfielder Jeremy Reed and reliever Sean Green. The Mariners would receive reliever Aaron Heilman, outfielder Endy Chavez and first baseman Mike Carp from the Mets. They'd also get Franklin Gutierrez from the Indians and minor leaguers. The Indians would get reliever Joe Smith from the Mets and infielder Luis Valbuena from Seattle.
According to reports, Omar Minaya is working frantically to flip Putz to another team to acquire another 2-3 players of Latin descent.