Brewers, Cooper Pratt Reportedly Agree to Extension

Dave Kallmann/USA Today Network via Imagn Images

The Brewers and shortstop prospect Cooper Pratt are reportedly close to terms on an eight-year extension. The deal would guarantee Pratt $50.75 million over the life of the deal, and there are also two club options worth about $15 million apiece. As it’s a major league contract, Pratt must be added to Milwaukee’s 40-man roster. A corresponding move to make the terms work has not yet been announced.

While extensions for prospects who have yet to debut are becoming more common, Pratt’s is a little unusual. These tend to either be large deals to consensus top prospects, often with the carrot of a ticket to the Opening Day roster as a sort of signing bonus, or smaller sums for enticing but flawed farmhands. The eight-year, $82 million extension Milwaukee inked with Jackson Chourio prior to the 2024 season is a good example of the former (as is the eight-year, $95 million pact the Mariners reportedly just struck with Colt Emerson), while the six-year, $25 million pacts Seattle signed with Evan White and Philadelphia with Scott Kingery cover the latter. Pratt’s deal doesn’t fit cleanly in either category. It’s a pretty good chunk of change for a player who evaluators generally don’t see as a future star, and it’s also not a pay-for-play deal, as Pratt will likely remain at Triple-A after signing.

Pratt was taken in the sixth round of the 2023 draft from Magnolia Heights High School in Mississippi. Eric ranked him 25th on the Draft Board that year, but his $1.35 signing bonus was commensurate with more of a second-round talent. As you’d expect for a prospect in consideration for this kind of contract, he’s performed well in pro ball. After a successful cameo on the complex in his draft season, Pratt notched a 132 wRC+ at Low-A as a 19-year-old, with strong contact skills and a low walk rate. He spent all of 2025 at Double-A, where he played a clean shortstop and hit .238/.343/.348, good for a 107 wRC+. He also dropped his strikeout rate to 15.2%, impressive for a 20-year-old at that level.

Still, I was a little surprised at the terms of the deal and think Pratt did pretty well for himself; I bounced it off Eric and he’s of a similar mind. We like Pratt and ranked him 10th (45 FV) in Milwaukee’s very deep system this winter, but we wrote him up as more of a second-division guy or solid utility infielder than a frontline regular. We both see a quality defender. Eric wrote: “For an athlete his size, he has good range and actions, and the arm strength to make accurate off-platform throws. It’d be too much to call him a Gold Glove-caliber talent, but he should be above average there at peak.”

We’re less sold on his upside at the plate. For a big guy (Pratt is listed at 6-foot-4 and 210 pounds), he’s neither hitting for much power nor producing the kind of exit velocities that suggest he will. And while he’s made a ton of contact, we’re a little worried about the mechanics of his swing and how his chase rate explodes with two strikes. To quote our report again:

“Pratt’s swing has an intermission; he loads his hands and they come to a dead stop before he fires them toward the ball. It requires a ton of effort, and he sometimes loses sight of the baseball in order to swing hard. These are the traits of a hitter who we worry will be late against big league fastballs… Pratt’s chase rate explodes with two strikes, as he goes from having a slightly below-average 26% mark to a rather concerning 47% rate (56% against secondary pitches). Every hitter’s chase rate takes a leap with two strikes (it’s strategically sound to expand your zone in that situation), but that’s a big jump and suggests that some of Pratt’s early-count takes are premeditated.”

Overall, it’s the evaluation of a player we expect to help, and Pratt may well have a couple 2-3 WAR seasons during his peak. Heck, given the Brewers ability to extract the best out of so many of their homegrown players, it wouldn’t shock us if we’re light on the player and he does wind up becoming a true everyday presence. Still, we peg him as more of a 1.5ish WAR guy annually, which makes a $50 million outlay, even over an eight-year timespan, a pretty aggressive commitment to a player with no major league experience.

It’s not that the back of the envelope math doesn’t make sense. If you fix the value of a win at $9 million — it’s obviously more complicated than that, but let’s keep it simple here — and assume that Pratt accrues an average of 1.5 WAR per year over the span of the deal, that’s $135 million of production for around $80 million (before any escalators). Milwaukee stands to recoup plenty of surplus value even if you want to turn down the dials on the $/WAR equation, and the team is only on the hook for a little more than $6 million per year if Pratt falls short of this projection. It does seem like an unusual amount of downside risk for one of the few true small-market teams to take, however. Sad as it is for this prospect writer to say, most of the guys we cover inevitably fall short of their forecast. Six million dollars isn’t a major expenditure these days, even for Milwaukee, but the dead money will sting more for the Brewers than it would for most other clubs in the league if Pratt’s skills don’t translate.

The opportunity cost is tricky to evaluate. It’s not clear that the Brewers are any better off than if they had opted to take matters year-to-year. As it stands, Pratt was only due to make a couple million between now and his arb years, which likely would have started in 2030. Had he played well, an extension surely would’ve cost significantly more, though it would have also come with additional security. That we’re in the final year of the current collective bargaining agreement adds a wrinkle: Pratt’s pre-arb and early-arb salaries will likely be a little more expensive than what early-career players have earned this cycle, to say nothing of how the arbitration structure might change in the next CBA. Perhaps cost certainty had its own appeal in this case.

One other interesting dynamic to follow is how this winds up affecting Milwaukee’s other premium shortstop prospects. Jesús Made, Luis Peña, and Jett Williams were all Top 100 guys for us this year, and each had at least a shot to play short in Milwaukee. The club’s first-round pick last year, Brady Ebel, is also a shortstop. If Pratt becomes the player Milwaukee seems to think he is, the org’s top farmhands may well need to work in at other positions sooner rather than later. It’s possible that none of them are shortstops at the end of the day: Made has put on 25 pounds and looks likely to slide over to third, Peña is error prone, and Williams likely fits better at second or in center anyway. Whatever their chances of becoming the Brewers’ starting shortstop were yesterday, though, those odds have dipped a little today.

Perhaps the Brewers were reading the writing on the wall a bit. If, internally, they don’t buy any of those three as long-term shortstops, Pratt is suddenly the only upper-level player who projects there long term. Ebell is too far away and the current option, Joey Ortiz, just had a miserable season at the plate in 2025. Nailing down the position for the long haul could have been a tertiary motivation for Milwaukee.

As is usually the case, you can see the logic for both player and club here. The Brewers extend a player they see as a future regular at a premium position, making a significant but manageable financial commitment in exchange for cost certainty and the chance at a fair bit of surplus value. Pratt, for his part, has secured the financial component of the American Dream at the ripe age of 21. To whatever extent he had any underlying financial anxieties, those are presumably long gone, and he can turn his full attention to the diamond. Sometimes peace of mind is the most valuable thing of all.

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Brendan covers prospects and the minor leagues for FanGraphs. Previously he worked as a Pro Scout for the Pittsburgh Pirates.

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cashgod27Member since 2024
22 days ago

I’m utterly fascinated to see how this contract goes. The Brewers must be considerably higher on them than the public consensus.

No disrespect to Eric and Brendan, but I trust the Brewers’ scouts and analysts more. Still, he doesn’t need to be much more than an average everyday shortstop for this deal to return surplus value for the Brewers. I’m sure he can do that.

HappyFunBallMember since 2019
22 days ago
Reply to  cashgod27

It’s pretty binary. If he makes it and sticks as a fairly regular MLB player then MIL stands to do well on surplus value. If he does not, then he’s Rusney Castillo.

sadtromboneMember since 2020
22 days ago
Reply to  HappyFunBall

I actually agree with what you’re saying and upvoted it, but I think this is a fairly safe profile. If he doesn’t pan out he’s going to be a lot like Eric Sogard or Josh Rojas.

Still a lot of money to pay for a utility infielder at that level though, so they’re hoping he does better than that.

CromulentMember since 2017
22 days ago
Reply to  sadtrombone

Agree on both points. But we don’t know the Brewers budget and while they’ve probably got a pile planned for Made it feels like they might be choosing to go yr to yr with Peña and Jett rather than Pratt. That’s why it’s hard to evaluate this deal in isolation.

grandbranyanMember since 2017
22 days ago
Reply to  cashgod27

FG is lower than the public consensus for sure.

Pratt is #50 on BA, #62 on MLB, #63 on BPro, #70 per Kiley, #99 KLaw

A Salty ScientistMember since 2024
22 days ago
Reply to  grandbranyan

It’s still a rather odd deal for someone that is in that 50-100 range.

jdbolickMember since 2024
22 days ago
Reply to  cashgod27

Still, he doesn’t need to be much more than an average everyday shortstop for this deal to return surplus value for the Brewers.

Yes, he does need to be better than average to return surplus value for the Brewers. Significantly better.

Jeremy Peña has earned $15.8 million so far with one final year of arbitration remaining. Assuming that he gets something around $14 million in Arb3, that puts him at roughly $30 million for his years of team control before reaching free agency. Note that Peña was on the Astros’ Opening Day roster in 2022, so he will be a free agent after six seasons whereas Pratt wouldn’t reach free agency until 2034 at the earliest. Meanwhile, Eric gave Peña higher grades than Pratt in power (55 to 40) and in fielding (60 to 55).

So even if we bump Pratt up to $35 million over his arbitration years, this prices his first year of free agency at $15 million, then has another two team options of $15 million for 2034 and 2035. That’s a lot for a guy who isn’t expected to be an impact hitter. The only way this extension makes sense to me is if Milwaukee expects Pratt to dramatically improve at the plate. Given their sterling history of player development, I am willing to give them the benefit of the doubt, I’m just surprised that they would make this sizeable a financial commitment based on improvement that hasn’t yet occurred.

theoriolewayMember since 2026
22 days ago
Reply to  jdbolick

Yeah, I don’t understand this deal at all. Gunnar Henderson is arb1 at $8.5 million this year. Call it $18 and $30 for arb2 and arb3. That’s $56 million plus some change in the couch cushions for his first 3 seasons and he’s still short of $60 million. Obviously there are two more years tacked on for this one, but you have to be REALLY FREAKING GOOD to get $50 million pre-arb.

Cool Lester SmoothMember since 2020
21 days ago
Reply to  jdbolick

You’re seriously undervaluing those two years (plus options)

Lourdes Gourriel got 3/$42m.

Gleyber Torres has made $37m through his first two years.

Discount the value of Y7 and Y8 to $12m for risk…and the valuation of his arb years comes out to $26m.

theoriolewayMember since 2026
21 days ago

Torres is a great comp here. What discount rate do you need to use equilibrate his earnings with Pratt’s? Torres was a super two, and earned like $35 million in his first SEVEN seasons, then $15 million in year 8 once he became a free agent after that SEVENTH season. I keep seeing this reported as eight years and with no indication of annual weighting for salaries, so using straight 8 x $6.25 million.

The answer is 2%. Which seems a little low for a guy not ranked in the Top 50 and never having played in MLB.

You can add 50% to Torres’s salaries to account for inflation and the answer is 22%. Which is probably more in the right risk-adjusted ballpark, but also highlights just how unlikely it is that this contract works out for the Brewers. Big risk for some potential cost savings in 2032 and 2033.

Cool Lester SmoothMember since 2020
21 days ago
Reply to  theorioleway

It’s important context that Pratt isn’t ranked in FG’s Top 50 (which isn’t a particularly meaningful distinction when there are only 30 55 FVs).

BA has him at 50; MLB has him at 64; and Kiley has him at 70…and the write ups basically boil down to “boring Aybar Zone guy,” who will still be worth 1.5 WAR in down years.

Definitely agree with st’s sentiment that these extensions tell us more about the next CBA than anything else.

Last edited 21 days ago by Cool Lester Smooth
theoriolewayMember since 2026
21 days ago

Also, to get a discounted value of $12 from $15 and $22 million for years 7 & 8 you have to use a discount rate of 16%, which feels way too low here.

Last edited 21 days ago by theorioleway
Cool Lester SmoothMember since 2020
21 days ago
Reply to  theorioleway

I was splitting the difference between $28m for Gurriel and $37m for Gleyber over their first two years – 24/32.5 is a 26% discount.

Last edited 21 days ago by Cool Lester Smooth
theoriolewayMember since 2026
21 days ago

A quick search says something like 1-in-5 top 100 (but outside the top 40) reach 20 career WAR, which is what Torres did.

jdbolickMember since 2024
21 days ago

You’re seriously undervaluing those two years (plus options)

It’s only one additional year plus options, not two. Pratt would have needed to reach 172 days of service time in the 2026 season to reach free agency after the 2031 season, which obviously isn’t going to happen. The Brewers would have had him under team control through the end of the 2032 season. This extension buys out what would have been his first year of free agency in 2033, then gives them team options for $15 million in 2034 and 2035.

Pratt could certainly end up being worth that, I just don’t see the upside for Milwaukee given that he projects as a good but not elite defender and a somewhat below average bat.

Cool Lester SmoothMember since 2020
21 days ago
Reply to  jdbolick

Kylie and Callis think he’s an average-ish bat, while Law thinks he can get there.

Plus, I wouldn’t be surprised if he ends up qualifying for Super Two status.

That said, definitely agree with others that this is more about the next CBAx

jdbolickMember since 2024
21 days ago

Kylie and Callis think he’s an average-ish bat, while Law thinks he can get there.

Kylie called him “A relatively unexciting shortstop prospect who might be ready by 2027 to be a solid every-day player,” and said that “reviews still vary about exactly how much the 6-foot-3 Pratt will hit in the big leagues.

Plus, I wouldn’t be surprised if he ends up qualifying for Super Two status.

How? These is virtually zero chance of that happening, as he’s not getting called up in April or May barring a serious injury to Ortiz.

Cool Lester SmoothMember since 2020
21 days ago
Reply to  jdbolick

If some people think he’s a 90 wRC+ guy and others think he’s a 105 wRC+ guy, reviews vary…and they think he’s average-ish

Separately, you seem to be ignoring the possibility that Joey Ortiz’s career .289 wOBA and .290 xwOBA accurately describe his offensive aptitude.

jdbolickMember since 2024
20 days ago

If some people think he’s a 90 wRC+ guy and others think he’s a 105 wRC+ guy, reviews vary…and they think he’s average-ish

Kylie never said that Pratt is “an average-ish bat,” and if he did see Pratt that way then he wouldn’t have called him “a relatively unexciting shortstop prospect.”

Separately, you seem to be ignoring the possibility that Joey Ortiz’s career .289 wOBA and .290 xwOBA accurately describe his offensive aptitude.

I think it probably does, but Pratt’s offensive performance in the minor leagues has been worse than what Ortiz did in the minor leagues, and Eric rates his offensive abilities lower than he rated Ortiz. I don’t think Pratt is a 90 wRC+ guy, I think he’s below that. He had a 101.2 90EV in 2025. Ortiz had a 108.5 90EV in 2023 at Norfolk. That is a massive difference.

Cool Lester SmoothMember since 2020
20 days ago
Reply to  jdbolick

Pratt put up a 107 wRC+ as a 20 year old in AA.

Ortiz put up a 106 wRC+ as a 23 year old.

…and Ortiz is only 18 pounds lighter, despite being 6” shorter.

None of that matters if they don’t fix his swing, of course…but that’s another benefit of being young.

Maybe it’s a fallacy, but my immediate reaction is “What do the Brewers know that I don’t?”