Belt, Giants Avert Risk with Six-Year Extension
Contract extensions during arbitration seasons aren’t terribly common, especially when a player is just two seasons from free agency. Since Elvis Andrus signed his eight year, $120 million extension in 2013, there have been just three contract extensions handed to players who’ve recorded similar service time. One winter ago, Giancarlo Stanton signed his 13 year, $325 million deal. And over the last few months, the San Francisco Giants are the only club to take part in such an agreement. In November, the Giants signed Brandon Crawford to a six-year extension worth $75 million, and this past weekend they doubled down on their infield, signing Brandon Belt to a similar six-year extension for $79 million. While these extensions are uncommon, Belt and the Giants have achieved a reasonable common ground.
Without the new contract, Belt would have been eligible for free agency after the 2017 season heading into his age-30 season. That would have been Belt’s one big chance at a major contract. His new deal with the Giants will pay him $79 million over six years, which includes the roughly $6 million he was already expected to make this season. Now Belt won’t hit free agency until after his age-33 season, likely precluding him from signing a mega-contract given his age.
Signing a huge contract was actually never a certainty for Belt — with or without the present extension. Power pays and Belt has yet to hit more than 18 home runs in a season — although the raw power numbers are mitigated by San Francisco’s AT&T Park. Belt has recorded just 23 of his 64 career home runs at home, and San Francisco’s park factor indicates that it is the toughest park in which to hit home runs by a pretty wide margin. It isn’t that Belt lacks power; indeed, his .185 ISO since 2011 is among the top-third of all batters regardless of park. He has roughly the same amount of extra base hits at home (98) compared to the road (99), but when he is out of San Francisco a lot more balls leave the yard.