Vladimir Guerrero Jr. broke off contract talks with the Blue Jays on February 17. It didn’t seem like there was any animus between the two sides at the time, but the four-time All-Star didn’t want to distract himself during his walk year by negotiating all season long. The deadline was arbitrary, but nonetheless immovable. The Blue Jays tested Guerrero’s resolve with a renewed offer on Opening Day, but he held firm.

Then he changed his mind. I try to avoid the impulse to tell baseball players what to do with their careers, but I’ll say this: $500 million is a really, really good reason to abandon one’s previous position.

Guerrero’s $500 million contract extension with the Blue Jays starts next year, runs for 14 years, and contains a full no-trade clause but no opt-outs. The intention, then, is to keep Guerrero in Toronto for the rest of his career. Read the rest of this entry »

They have a ritual out in Arizona. Every three or four years, they repeat it. The team is clicking. The squad is on the rise; the vibes in the desert are good. It’s time to sign their exciting, switch-hitting second baseman to a contract extension. And so, in keeping with tradition, Ketel Marte and the Diamondbacks have agreed to a new extension. The deal is for seven years and $116.5 million, including his $11.5 million player option for the seventh year, but it’s a little more complicated than that, because it replaces four years of an existing deal. Let’s get into the backstory, because as I’ve noted, this isn’t an isolated occurrence for Marte and the Diamondbacks.

In 2018, Marte signed a five-year, $24 million deal. He was a young, talented player still finding his footing in the majors; over the previous three years, split between Seattle and Arizona, he’d hit just .264/.319/.361, good for an 84 wRC+. But he was toolsy and exciting, and a buzzy breakout pick coming into the season. The pact felt like a good one for everyone involved. Marte went from having career earnings of $1.3 million to being rich for life overnight, while the Diamondbacks signed a nice player to a good contract.

Then Marte took off. In 2018, he hit for more power while striking out less. In 2019, he went nova, clubbing 32 homers with a .389 on-base percentage and 150 wRC+ en route to a 6.3-WAR season that garnered him a fourth-place MVP finish. He didn’t quite keep up that pace in the next two years, but from 2019 through 2021, Marte was the 34th-best hitter in baseball per WAR, right around Pete Alonso, Matt Olson, and Manny Machado. A dalliance in center field, where he never quite figured things out, hurt his defensive value. A series of lower-body injuries also hindered both his availability and his explosiveness when he was on the field. But injuries and all, he was the 11th-best hitter in the game by wRC+. We’re talking about a legitimate star, albeit one who played less than a full schedule thanks to his IL stays. Read the rest of this entry »

Kristian Campbell has come a long way in a short time. Less than two years after being drafted by the Red Sox out of Georgia Tech, with just 137 minor league games under his belt, he placed seventh on our Top 100 Prospects list in February, and won the starting second base job during spring training. Now, with just a week of major league service time under his belt, Campbell has agreed to an eight-year, $60 million extension that includes a pair of team options and escalator clauses that can push the contract’s value past the $100 million mark. It’s a deal that provides both security for Campbell and some opportunity for growth, though it’s not hard to notice the much more lucrative extension that the Padres announced for Jackson Merrill on Wednesday as well and wonder whether Campbell should have waited. Either way, the Red Sox have ensured that another talented youngster will be part of their foundation in the coming years.

The 22-year-old Campbell is raking at a .400/.500/.750 (258 wRC+) clip through the first week of his major league career. So far, five of his eight hits have been for extra bases, including a 431-foot homer off the Rangers’ Jacob Webb on Saturday. He celebrated the news of his extension on Wednesday night with a pair of opposite-field doubles off Orioles starter Zach Eflin.

While Campbell was a co-favorite to win AL Rookie of the Year honors in our annual staff poll, nobody expects him to continue at this breakneck pace. Still, buzz about an extension had been circulating in recent days, and while this move isn’t nearly as big as the six-year, $170 million extension the Red Sox announced on Monday for lefty Garrett Crochet, the team clearly views Campbell as an important piece of its future. Read the rest of this entry »

During the offseason, I examined Jackson Merrill’s excellent rookie season and concluded that his next big developmental step would have to involve getting on base more. A week into his sophomore season, we don’t know if Merrill is going to walk more. But if he does, he’ll have plenty of walkin’ around money.

Yeah, I feel good about that little bit of wordplay. Let’s move on.

On Wednesday morning, the Padres announced that they’d signed their precocious young outfielder to a nine-year contract extension. The contract is worth $135 million and kicks in next year, leaving his $809,500 salary intact for 2025, but incentives and an option for 2035 could push the total value of the deal to $204 million. Read the rest of this entry »

Back in December, the Red Sox acquired pitcher Garrett Crochet with the intention of signing him to a long-term contract, and that’s just what they did on Monday, extending the big lefty on a six-year, $170 million deal that kicks off starting in 2026. There’s no deferred money in this deal, nor is there a no-trade clause, though there is a $2 million bonus in the event that he is traded. There is also the typical incentive clause (up to $10 million) for Cy Young Award finishes and an opt-out after 2030. In an extra bit of injury protection, the Red Sox get a $15 million team option and the opt-out disappears if Crochet misses 120 consecutive days to a significant arm injury. Crochet was the main reason to watch about 20% of White Sox games in 2024, as he threw 146 innings over 32 starts, put up a 3.58 ERA, a 2.85 FIP, and 4.7 WAR, and earned his first All-Star selection. He then changed his Sox over the winter in that trade from Chicago to Boston.

I talked a little about this a few weeks ago, when I discussed what I’d do as a brutal despot of MLB. What I demanded — without, as I remind you, any legal authority to do so — was that the Red Sox close the deal with Crochet. The extension was, in my view, one of the most obvious things that should happen in baseball right now. The Red Sox appear to be on the verge of a return to contention, supported by a very good farm system, and they really needed a high-end pitcher for the top of the rotation. Before the extension, Crochet was set to hit free agency after next season, and keeping him around long term was essential for both baseball and public relations reasons; an ace pitcher was unlikely to come cheaper for the 2027 season, and his departure might have opened up old Mookie Betts-related fan wounds that have healed to an extent.

Suffice it to say, ZiPS likes him quite a bit. I discussed the projections for Crochet in the aforementioned article.

After also taking into account his $4.5 million salary for 2025 and the fact that he’s still arbitration eligible for 2026, ZiPS suggests offering Crochet a seven-year, $175 million contract starting this season. That doesn’t need to be Boston’s final offer, but it is a solid framework for what an extension could and should look like. Yes, there are risks, but the Red Sox shouldn’t sit at the high rollers table if they’re not willing to push in their chips.

That projected deal was a bit lighter than his actual six-year, $170 million contract, with the main difference being that I had it going into effect this year, when he’s scheduled to get paid $4.5 million. Projections aren’t static things, however, and Crochet is coming off a dynamite spring in which he struck out 30 batters in 15 2/3 innings and allowed just a single run. He also had a decent, though not amazing, Opening Day start against the Texas Rangers. Spring training and one regular-season start aren’t enough to drastically change most projections, especially for established players, but they do nudge them in one direction or the other. Let’s stuff some stats onto the ZiPS griddle and flip off some projection flapjacks.

With a projected $18.1 million salary in 2026, which would’ve been Crochet’s final season before free agency, ZiPS would offer him a six-year, $176.6 million extension (though in both the previous and current projections, I think ZiPS is being too optimistic on his final arbitration year salary given how large a jump it is). The opt-out clause in Crochet’s new contract isn’t a major one in that it only allows him to exit a year early, so it doesn’t have the same dramatic effect as one after 2026 or 2027 would have.

You could say that this is a lot of money for a pitcher with 224 career innings in the majors, an injury history, and a résumé that was more speculation than results at this time last year. You’d be right that it’s a lot of money, but the projections already factor in these risks. Crochet, with a lengthy track record and a spotless injury history almost certainly would’ve received a larger sum of cash. I actually accounted for this by telling ZiPS to assume that Crochet throws 200 innings in 2025, and to insert pre-injury projections of him as a starter in 2022 and 2023. With that lengthier and more durable track record, ZiPS would project him to get a six-year, $270 million contract! You can look at this actual extension as the Red Sox saving about $100 million for the risks they’re assuming, on top of the injury protection clause in the contract.

Anyway, back to non-imagination Crochet. You should ignore the games started total in the projections, as ZiPS is a little befuddled on his exact usage because of his very unusual workload pattern. More than half his 2024 starts lasted fewer than five innings, as the White Sox were (rightly) extremely careful with him as he was coming off Tommy John surgery and being converted to a starter. The innings totals, though, are far more solid, and this projection is generated based on Crochet never having better than coin-flip odds to qualify for the ERA title. ZiPS projects Crochet to be the fifth-most valuable pitcher in baseball through the 2031 season, behind Tarik Skubal, Logan Webb, Paul Skenes, and Corbin Burnes, and just ahead of Yoshinobu Yamamoto, Logan Gilbert, George Kirby, and Hunter Greene. Who among those names would you likely get for merely $170 million if they were free agents soon?

Crochet clearly wanted this deal, making public statements last year to the effect that he was seeking a long-term contract no matter where he ended up. The Red Sox clearly wanted this deal; while they have better prospects, I doubt they would have traded Kyle Teel, Braden Montgomery, and Chase Meidroth if they had zero expectation of extending Crochet. And Red Sox fans ought to have wanted this deal. Crochet is a true no. 1 starter who, in just six years, is projected to become the fifth-most valuable lefty in Red Sox history. The last day of March 2025 was a good day for the Boston Red Sox.

Jordan Montgomery isn’t likely to pitch for the Diamondbacks again. Brandon Pfaadt could be pitching for them well into the next decade. That’s the upshot of an eventful few days for the Diamondbacks rotation, as Montgomery revealed last week that he would undergo Tommy John surgery and miss the 2025 season, while Pfaadt agreed to a five-year, $45 million extension that includes a couple of additional option years.

For the 32-year-old Montgomery – who was outpitched by Pfaadt and Ryne Nelson in this spring’s battle for the fifth starter job — this is the latest twist in a saga that has largely been an unhappy one ever since he helped the Rangers win the 2023 World Series. He hit the market on a high note after being dealt ahead of the trade deadline for the second straight season; between his time with the Cardinals and Rangers in 2023, he set career bests while posting the majors’ eighth-lowest ERA (3.20) and ranking 12th in WAR (4.3). He capped that with a 2.90 ERA in 31 postseason innings, starting a pair of series-opening combined shutouts against the Rays (ALWCS) and the Astros (ALCS), and chipping in 2 1/3 innings of emergency relief following Max Scherzer’s injury-related exit in Game 7 of the ALCS. Though he was knocked around by the Diamondbacks in Game 2 of the World Series, it didn’t stop Texas from winning its first championship.

Off of that run, Montgomery and agent Scott Boras reportedly set their sights on a contract topping the seven-year, $172 million extension that Aaron Nola signed with the Phillies shortly after the offseason began, but as with Boras’ other high-profile clients that winter, namely Cody Bellinger, Matt Chapman, and Blake Snell, the big deal envisioned for Montgomery never materialized, and he lingered unsigned past the start of spring training. He was pursued by the Red Sox — which would have been an excellent fit given that his wife had begun a dermatology residence at a Boston-area hospital in the fall of 2023 — as well as the Rangers, Yankees (who drafted and developed him), and Mets, among others. In the end he settled for a one-year, $25 million contract with the Diamondbacks on March 29, with a $20 vesting option for 2025 based on 10 starts, rising to $22.5 million with 18 starts and $25 million with 23 starts. Read the rest of this entry »

It’s not every day that a piece of baseball news makes just about everyone go, “Oh, yay, that’s nice!” but the Mariners pulled it off less than 72 hours before the start of their season. Cal Raleigh is sticking around for the long run.

Raleigh’s new contract runs from, well, now, through the end of the 2030 season, and will pay him $105 million over those six years, plus a $20 million vesting option for 2031. The extension buys out Raleigh’s previous $5.6 million arbitration settlement, according to ESPN’s Jeff Passan, who was first to report it. Read the rest of this entry »

It might not be long before Captain Kirk is the captain of the Starship Blue Jays. Alejandro Kirk made his MLB debut in September 2020. The only players who have been with the team for longer are Vladimir Guerrero Jr. and Bo Bichette, both of whom could leave in free agency next winter. If that were to happen, Kirk would become the longest-tenured Blue Jay just days before his 27th birthday. He could end up holding that title for quite some time, too. On Saturday, Kirk and the Blue Jays reportedly agreed to a five-year, $58 million extension. The deal, which begins in 2026, buys out the backstop’s final arbitration season and his first four free agent years, running through his age-31 campaign.

A 23-year-old Kirk burst onto the scene in the first half of 2022. He hit .315, slugged 11 home runs, and walked more often than he struck out over 83 games. His 155 wRC+ ranked sixth among qualified AL batters, far ahead of the next-best catcher. The fact that he was splitting catching duties, and thus DHing on the regular, cut into his overall defensive value, but still, Kirk ranked among the top-10 AL players in WAR. Fans voted him to be the starting catcher for the AL All-Stars, and the honor was well deserved.

Yet, Kirk has never looked like that middle-of-the-order threat since. He produced a 95 wRC+ in the second half of 2022. He followed that up with a 96 wRC+ in 2023 and a 94 wRC+ in 2024. To save you some strenuous mental math, I can tell you that averages out to a 95 wRC+ since the 2022 All-Star break. That means Kirk has been about 5% less productive at the plate than the average hitter, but, to his credit, still 5% more productive than the average catcher. His 10.3% walk rate is great, while his 12.0% strikeout rate is elite. Only seven batters (min. 1,000 PA) have a lower strikeout rate in that span, and none of them boasts a walk rate in the double digits. Unfortunately, the plus power that made Kirk such a complete hitter in the first half of 2022 has vanished: Read the rest of this entry »

The week leading up to Opening Day is extension season. Players want to put aside money discussions when the games start to matter, teams crave cost certainty, and everyone’s packing up from spring training with hope in their hearts; it’s a perfect setting for agreeing to deals. Amid a flurry of other activity, the Cleveland Guardians got in on the act by signing Tanner Bibee to a five-year, $48.5 million extension, with a club option for another year after that.

Let’s get straight to what you came here for, the ZiPS projections:

Those are pretty much what I expected. Through two years in the big leagues, Bibee has been a steady contributor whose best skill is good command. ZiPS projects more of the same for the next five years. That slight decline in innings you see over the course of the projection isn’t really a Bibee thing, it’s a pitcher thing. You just never know when one awkward elbow twinge will cost someone a year, and that’s reflected in declining innings totals over time.

Let’s talk about Bibee the pitcher for a moment before getting into the Guardians. He’s a product of the organization in the Shane Bieber mold, a crafty college arm who added velocity in the Cleveland system and went from fifth-round draft pick to runner-up for the 2023 AL Rookie of the Year award. That velocity doesn’t give him an unhittable fastball or anything like that. But where his fastball was a key sticking point in his pre-professional profile, now it’s just another average pitch. It sits 94-95 mph, touches the upper 90s in big spots, and has decent shape — more rise than run, but not a ton of movement overall.

That might not sound intriguing to you; after all, plenty of major leaguers have fastballs like that. But that’s the revelation here. With a boring fastball, Bibee’s other pitches all play up. He has impeccable command of spinning stuff, to the point where his pitches sometimes bleed together in our classification systems. There’s the hard one, either a cutter or sharp slider depending on who you ask, mid-80s and biting hard glove side. That’s his workhorse pitch, the one he favors in key spots and uses to set up strikeouts. There’s the sweepier version, a few miles an hour slower but with much more horizontal movement. He throws that one as a putaway pitch. Then there’s the curveball, slower still and with big north-south movement. He uses that as a change of pace, only when ahead in the count and largely fishing for strikeouts. The three combine to leave batters off balance and lunging.

That blended breaking ball complex looks a lot like Bieber, who followed a similar trajectory to the majors but then rode it even higher, to the 2020 Cy Young. Like Bieber, Bibee has a changeup to complement the bendy stuff. Bibee’s is loopy, 12 mph slower than his fastball, and most useful against lefties. His arm action disguises it enough that he can throw it to righties, too, and he’s willing to use it late in counts after batters have seen mostly fastballs and sliders.

As was the case with Bibee’s fastball, lots of major league pitchers have pitches that vaguely sound like the secondary stuff that I just described. What sets Bibee apart is his placement of those pitches. His fastball lives up in the zone. He attacks the glove-side edge with his hard slider and mixes locations haphazardly with the loopier breaking balls, alternating between placing them for called strikes and trying to pick out a corner or bounce a curveball. His changeup consistently hits the arm-side edge of the plate. He barely walked anyone in the minors, and that has carried over even against major league hitters.

You’ve seen the ZiPS median forecasts. The upside outcomes? Those will come if Bibee takes the next step with his slider by using it proactively and creatively. I keep comparing him to Bieber because we’ve seen that this exact skill set can produce ace-level seasons if everything breaks right. Maybe Bibee will top out as a three-win true-talent pitcher, but the future is unknowable, and he has the tools to break out to an even higher level than he’s already displayed.

For the Guardians, that present talent level is already mighty valuable. They just made the playoffs with Bibee as their no. 1 starter. They’re one of four contenders in the AL Central this year, again with him as their best option in the rotation. It’s a poor starting rotation, if we’re being honest, but that only makes him more important. It’s not Bibee and a bunch of similar options; it’s Bibee and then a bunch of question marks. Despite only two years in the majors, he’s a rock of stability in a sea of uncertainty.

This contract extension buys out either one or two years of free agency, depending on the club option. The value is almost exactly in line with what he’d expect to make in arbitration, plus a reasonable rate for the free agency year(s). This isn’t some outrageous bargain; it’s just two sides agreeing to tamp down volatility.

You can imagine some ways that this deal could end up making Bibee a lot more money than he otherwise would’ve received. Mainly, that’d be because of a future injury: As a fifth-round pick, Bibee never received a huge signing bonus, and he wasn’t due to hit arbitration (and bigger salaries) until 2026. That means he would’ve earned a raise pending health, but “pending health” is a scary phrase for pitchers. By signing this deal, he removed that risk. Now, there are no possible outcomes where Bibee doesn’t end up rich for life.

The Guardians, on the other hand, are getting future cost certainty. Not so much in the arbitration years – the terms of his extension roughly match what ZiPS would expect for those payouts. But let’s put it this way: The Guardians don’t sign big deals in free agency. They haven’t signed a marquee free agent on the open market in 20 years, since they added peak Kevin Millwood before the 2005 season. Those two years of free agency represent something the Guardians have no other way of obtaining – extra team control of very good players.

The Cleveland model has been remarkably successful for a long time now. It’s about constantly remaking the team even while the current version excels, finding new key players to replace the old key players while José Ramírez keeps the tempo. The Guardians deal in two currencies: talent and years. They’re adept at finding talent. Their budget and approach limit them on the years side of things.

In other words, Cleveland is always balancing competing now with competing in the future, and the limiting factor is usually how many years of good players the team has in hand. This extension addresses that directly by adding to the number of years that Bibee will be around, and adding in a way that the franchise can stomach financially. This deal won’t make the Guardians better in 2025, and it won’t even save them money in the immediate future. But now they have one more good player for at least one more year, at a price that makes sense for both sides. They’re in the business of sustainability, and this deal is perfect for their purposes.

Something might be brewing in Sacramento. The 2024 A’s beat expectations by a mile, though expectations were admittedly muted coming off of a disastrous 2023, and this offseason has seen the club be quite busy. The team’s best player, Brent Rooker, signed an extension that will keep him around through at least 2029, well past when the A’s are scheduled to move to Las Vegas. The pitching staff looks much improved, thanks to the surprise signing of Luis Severino and a trade for Jeffrey Springs. And now last year’s second-best player, Lawrence Butler, has signed a contract extension too:

BREAKING: Outfielder Lawrence Butler and the A’s are in agreement on a seven-year, $66.5 million contract extension with one club option, sources tell ESPN. Butler, 24, broke out as a rookie last year and is seen as a foundational player for the A’s moving forward.

— Jeff Passan (@jeffpasan.bsky.social) 2025-03-07T04:22:52.566Z

A year ago, this contract would have been mind-boggling. Butler debuted in the bigs in 2023 with an uneven two months of work. His minor league track record suggested intriguing upside – he flashed excellent power while climbing the ranks and was only in a position to struggle in the majors because he’d reached Triple-A at age 22 – but like so many A’s, he was a question mark, a talented youngster with some good signs and some red flags.

The A’s started 2024 hot, at least by their standards, but Butler didn’t. After breaking camp with the team, he ran into a huge power outage. Over 121 plate appearances, he managed just two homers en route to a .179/.281/.274 slash line, so the A’s sent him back down to Triple-A. What can you do? Sometimes your 23-year-old who never played above A-ball until a year ago needs a bit of extra seasoning. Read the rest of this entry »