Archive for Extension

Despite a middling second half, the Nationals have been one of this season’s pleasant surprises. After years of feeling both directionless and punchless, they’ve put together a spectacular offensive group and have won more games than in any year since their 2019 World Series championship. They’ve scored more than five runs a game on the season, the third-best mark in the majors, and it has been a team effort. Unfortunately, the pitching staff hasn’t followed suit; they’ve allowed the third-most runs in baseball themselves. But there has been one shining light in that group: Cade Cavalli, the team’s oft-injured first round draft pick from 2020. And they weren’t about to let a good thing go. Last Friday, Cavalli and the Nationals agreed to a four-year, $47 million contract extension with a club option for a fifth year, as Spencer Nusbaum first reported.

Cavalli is a fascinating pitcher – so fascinating that I wrote about him in late July. I think that piece is worth a read – hey, I wrote it – but if you’re looking for the TL;DR, the gist is that two months ago, Cavalli’s career was at an inflection point. His lengthy struggles with injury had limited him to roughly 50 innings before the 2026 season, and he’d scuffled in the minors in 2025 as he worked to build up his workload again. But he was spectacular in the first half of this season, the best arm on the Nats by a fair margin, particularly when taking his underlying numbers into account. What was to come was uncertain, but there were tons of bright outcomes in the distribution of possible futures.

A few months hence, I think we might be living in the best of those outcomes. Cavalli has made nine starts since I wrote about him, and he’s been spectacular, with 70 strikeouts and just 12 walks across 53 innings en route to a 1.87 ERA. He’s been a rare bright spot as the team has sputtered to an 18-23 record since the trade deadline. Thanks in part to the offensive contributors the Nats traded away, they’ve scored only 4.5 runs per game over that span. But they’re looking to the future, not to the past or even the present, and Cavalli’s phenomenal year has made him an indispensable part of that future. Read the rest of this entry »

You know the joke. “Where do you see yourself in five years?” asks the interviewer. Mitch Hedberg has the perfect answer. “Celebrating the five-year anniversary of you asking me this question.” Mike Elias and the Orioles sure seem to have their own five-year plan, and they fleshed it out on Sunday, signing right-hander Kyle Bradish to a five-year, $90 million extension. The deal buys out the starter’s final two years of arbitration, along with three free agent years, keeping him in orange and black until his age-35 season in 2031. Bradish is making $3.55 million in arbitration this season, and he’ll make $10 million when the new deal kicks in next year. He’ll get a $3 million raise in 2028, then get $1 million added to his annual raise in each subsequent season. So he’ll make $10 million in 2027, then 13, then 17, then 22, then 28 in 2031. It’s a classic example of linear growth rather than exponential, and it should help Bradish stay a step ahead of inflation. According to The Baltimore Banner’s Andy Kostka, it’s also the largest deal for a pitcher in franchise history.

Bradish has a 3.50 ERA and a 3.62 FIP for his career, but there’s still room for some uncertainty in his profile. He debuted in 2022 and put up ugly numbers across 23 starts, running a 4.90 ERA and a 4.46 FIP. He broke out in 2023, going 12-7 with a 2.83 ERA and a 3.27 FIP. The underlying numbers weren’t quite so spectacular, as a big component of his improvement was a drop in home run rate that looked unsustainably large. Although Bradish had made more sustainable improvements to his walk, strikeout, and groundball rates, it still would have been fair to expect some regression. Instead, he came out of the gate even better in 2024. His walk rate did indeed regress, but he suppressed homers even further and ratcheted his strikeout rate all the way up to 33%. It was a huge jump, but it lasted just eight starts before the god of ulnar collateral ligaments demanded its tribute.

Bradish returned from Tommy John surgery at the end of August 2025, and he picked up right where he’d left off before the injury. In fact, over his six starts, he struck out more than 37% of the batters he faced. If you combine the two seasons, Bradish threw 71 1/3 innings across 14 starts, posting a 2.65 ERA and a 2.48 FIP. He put up 2.5 WAR in what was essentially half a season. It was legitimate dominance. Read the rest of this entry »

Something significant happens to Chase Burns around this time every year. In 2024, the Reds made him the no. 2 overall pick in the draft. A little less than 12 months later, the former Wake Forest flamethrower made his big league debut. This summer, Burns was named to his first All-Star team, paving the way for a seven-year, $105 million contract extension.

Burns’ new contract kicks in next year and runs through the 2033 season; and in a rare occasion for a pre-arbitration extension like this, there are no opt-outs, options, or escalators. Thank God — you need a degree in discrete mathematics to know how long Julio Rodríguez is under team control, so a simple contract structure is a refreshing change. Read the rest of this entry »

Konnor Griffin isn’t the only rookie infielder to land a nine-figure extension within his first few weeks in the majors. On Wednesday, the Tigers reached an agreement with Kevin McGonigle — who made the jump from Double-A into Detroit’s Opening Day lineup and has been the team’s top hitter thus far — on an eight-year, $150 million extension for the 2027–34 seasons. The contract slightly surpasses the value of Griffin’s deal, making it the largest guarantee to a player with fewer than 100 days of major league service time, even before its other bells and whistles are considered.

According to MLB.com, McGonigle will receive a signing bonus of $14 million, $8 million of which is payable within 30 days and the rest in 2028. He’ll then earn $1 million next season, $7 million in 2028 (when he would have qualified for Super-Two status), $16 million in ’29, $21 million in ’30, $22 million in ’31, and then $23 million annually from ’32–34, which would have been his first three years of free-agent eligibility. Escalator clauses can increase the values of the deal by an additional $10 million, with higher salaries for those last three seasons of $25 million (2032), $26 million (2033), and $28 million (2034).

Those escalators are based on MVP voting and other honors, and can be triggered starting this season, per ESPN. McGonigle could get boosts of $2 million for winning an MVP award, $1 million for finishing second through fifth in MVP voting, and $500,000 for finishing sixth through 10th; he’ll also get $500,000 for making the All-MLB first or second team, $250,000 for making an All-Star team, and $250,000 for winning a Silver Slugger award. His contract has no options or opt-out clauses, but additionally includes a $5 million assignment bonus for every time he’s traded to another organization under the life of the contract. Read the rest of this entry »

Apparently not wanting to be left out of the flurry of contract extensions handed out over the last two weeks, the Seattle Mariners signed a big one of their own, locking up infield prospect Colt Emerson to an eight-year contract that guarantees him $95 million over the next eight years. This includes a $1 million salary for 2026, meaning that the contract goes through the end of the 2033 season, with the Mariners holding a 2034 club option that could staple another $25 million onto the back of the contract. Emerson’s deal also includes a no-trade clause and bonuses for All-Star selections and Silver Slugger and MVP awards, de rigueur in deals such as this.

Emerson, who doesn’t turn 21 until July, is widely considered Seattle’s top prospect by most sources, whether you prefer our prospect team, Keith Law over at The Athletic, old friend Kiley McDaniel at ESPN, Baseball Prospectus, Baseball America, or mean ol’ ZiPS. That’s no small feat to pull off when you’re in the same organization that has high-end pitching arms like Ryan Sloan and Kade Anderson.

While Emerson doesn’t have one mind-blowing tool that absolutely obliterates the cognitive pathways of watchers, he’s very accomplished at basically everything he does. He’s not going to regularly blast Stantonian shots, but he’ll hit his fair share of home runs, ZiPS thinks 15-20 a year if he played home games at a neutral site rather than T-Mobile Park. Emerson is willing to draw walks, but he still retains a fundamental aggression at the plate; that’s a good thing, as being too passive is a frequent pitfall for prospects who take a good amount of free passes. There’s no whiff problem hiding in his advanced stats, either. He’s not a burner on the basepaths like Trea Turner or Bobby Witt Jr., but at the same time, he’s not me with a belly full of Cool Ranch Doritos, a 32-ounce deli container of beer, and a hamstring that hasn’t gotten a whole lot of use since the Clinton administration. It doesn’t seem like there are any serious concerns about his sticking at shortstop, and the coordinate-based method that ZiPS uses for minor leaguers sees him as a solid B+ defender at the position. Let’s crank out those projections. Read the rest of this entry »

Don’t believe in love at first sight? The Orioles do. Back in December, Baltimore traded a draft pick and four prospects — including two top-40 picks from their 2025 draft class — to Tampa Bay for right-handed pitcher Shane Baz. And on Friday, roughly 48 hours before Baz threw his first competitive pitch in orange and black, they signed him to a five-year, $68 million contract extension that will keep him in Maryland through 2030. It’s the richest contract the Orioles have ever given to a pitcher.

Baz did OK in his first Orioles start, by the way. The Twins scored four runs in 5 1/3 innings, and Baz allowed at least one hard-hit batted ball (i.e. 95 mph exit velo) on each of the four pitch types he threw. That included his changeup, which he only broke out four times and which only generated one swing. Read the rest of this entry »

A week ago, the Cubs roster was light on long-term commitments. Only Alex Bregman and Dansby Swanson held guaranteed contracts that extended past 2027, and only two others – Phil Maton and Shelby Miller – even had guaranteed years in 2027. But as it turns out, Chicago payroll commitments abhor a vacuum. On Tuesday, Pete Crow-Armstrong signed a six-year extension. On Thursday, Nico Hoerner followed suit with a six-year pact of his own, as Michael Cerami first reported. The deal starts in 2027 and is worth $141 million, with minor deferrals that drop the total present value to the mid-130s.

If you don’t catch many Cubs games, it’s easy to overlook Hoerner. His offensive game is most notable for its lack of extremes. He doesn’t walk much. He doesn’t strike out much. He doesn’t hit for a ton of power. He’s not excessively swing happy like so many contact hitters. He doesn’t pound the ball into the ground, but he equally doesn’t sell out to lift and pull. He’s produced low-power, solid-OBP seasons for four years running, and they’ve been almost metronomically consistent: his seasonal wRC+ marks of 108, 103, 102, and 109 work out to a 105 average.

That’s the 105th-best batting line among hitters over that span. That doesn’t sound particularly impressive. Hoerner is wedged between Jake Cronenworth and Mike Yastrzemski, solidly in nice-but-forgettable territory. He’s 57th in OBP over that span, which is a little bit more exciting, but truthfully, he is not a star at the plate.

The fun starts when you get into the rest of his game. Over that same time frame, from 2022-2025, Hoerner is the sixth-best baserunner in the majors. The guys in front of him – Corbin Carroll, Bobby Witt Jr., Trea Turner, Jarren Duran, and Elly De La Cruz – are famed for their exploits on the bases. Hoerner is the slowest of that group by a fair margin, but he makes up for it with excellent instincts and great reads. He’s fifth in the bigs in steals during that span, and his 85% success rate is better than everyone in front of him on the list. When he gets on base, he’s a threat to steal, and yet he almost never gets thrown out. Read the rest of this entry »

Late last night, Jeff Passan of ESPN reported that the Cubs and star center fielder Pete Crow-Armstrong had reached an agreement on a long-term contract extension. That deal, worth $115 million over six years, keeps one of baseball’s most popular young stars in the fold through 2032.

This extension, the largest ever for a player with so little service time, begins in 2027, buys out two of Crow-Armstrong’s free agent years, and includes escalators that could increase the value to $133 million. But shockingly, (and to the immense relief of those of us who are still parsing the inscrutable Julio Rodríguez extension), it does not include any option years. Whatever happens, Crow-Armstrong can still hit free agency after his age-30 season. Read the rest of this entry »

Cristopher Sánchez wasn’t going anywhere for awhile. He’s now not going anywhere for even longer. With Ranger Suarez in Boston, Zack Wheeler recovering from thoracic outlet surgery, and Aaron Nola looking his age, the 29-year-old left-hander is the ace of a Phillies starting rotation that led baseball in WAR in both 2025 and 2023 and hasn’t finished below fourth this decade. On Sunday, the Philadelphia signed Sánchez to a contract extension that will keep him around through the 2032 season, with a club option for 2033, when he’ll be 36. The move also comes less than two weeks after the team inked Jesús Luzardo to his own five-year, $135 million extension. Clearly, president of baseball operations Dave Dombrowski would like to maintain the status quo.

Robert Murray of FanSided broke the news of the deal. Matt Gelb of The Athletic reported that the contract is worth a guaranteed $107 million, and Francys Romero of Beisbol FR reported that it included more than $13 million in incentives. The club option for 2033, if it’s picked up, would add another $32.5 million. This may well sound familiar. In June 2024, the Phillies signed Sánchez to a four-year extension that contained two more club options for 2029 and 2030. Those first four years bought out all of his arbitration years for $22.5 million. If picked up, the two club options (along with Cy Young incentives) could have increased the maximum value to $56.6 million.

We’ll get back into the mechanics of the deal and what they mean soon. We’re not going to spend more than a few paragraphs on why the Phillies decided Sánchez was worth all this. That part should be obvious. Sánchez is quite simply one of the best pitchers in the world. He finished 10th in the National League Cy Young voting in 2024 and second in 2025. He has a career ERA of 3.24 and a FIP of 3.15. By any standard, the lefty found an entirely new level in 2025, running a career-high 26% strikeout rate. His 2.55 FIP was nearly half a run better than his previous career best, and his 63 DRA- was nearly 20 points lower than his previous best. Read the rest of this entry »

With Ranger Suarez now a Red Sock, Zack Wheeler rehabbing from thoracic outlet surgery, and Aaron Nola trying to rebound from a career-worst season, the Phillies rotation has its share of uncertainty as the 2026 regular season approaches. On Monday, the team did its best to bolster that unit for the longer term, agreeing to a five-year, $135 million extension with lefty Jesús Luzardo.

The 28-year-old Luzardo is coming off an impressive first season with the Phillies, who acquired him (along with catching prospect Paul McIntosh) from the Marlins in December 2024 in exchange for two prospects, shortstop Starlyn Caba and outfielder Emaarion Boyd. After making just 12 starts for Miami in 2024 due to elbow tightness and a stress reaction in his lower back, Luzardo made a full complement of 32 starts last year while setting career highs with 183.2 innings and 5.3 WAR, both second on the team behind Cristopher Sánchez. Both his 2.90 FIP and 3.33 xERA — each of which ranked fourth in the National League — make better cases for the quality of his pitching than his 3.92 ERA; in fact, the gap between his ERA and FIP was the third-highest among all qualifiers:

Strangely enough, all 10 of those pitchers hail from the NL; José Soriano, who had the largest gap in the American League at 0.53 runs (4.26 ERA, 3.73 FIP), ranked 11th among qualifiers, just below the cutoff in the table above. Read the rest of this entry »