The Dodgers and Max Muncy clearly believe they have a pretty good thing going. Since retooling his swing after being cast off by the A’s, the late-blooming slugger has been a key middle-of-the-lineup component on six straight playoff teams, and part of three pennant winners including their 2020 championship squad. Within the past four years, the Dodgers have inked Muncy to three contract extensions, the latest of which — announced on Thursday — is a two-year, $24 million deal with a club option for a third season, potentially keeping Muncy in the fold through 2026.

Muncy, who turned 33 on August 25, is coming off a season in which he hit .212/.333/.475 and matched his career high with 36 homers, three of them grand slams. The batting average wasn’t pretty (though it was at least above the Mendoza Line) and his 26.4% strikeout rate was his highest since 2018, but his 14.7% walk rate and considerable power helped to make up for it. Amid some ups and downs, his 118 wRC+ was 18 points short of his career mark but still ranked eighth among regular third basemen.

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The good times are rolling in Pittsburgh. Though their seven-game winning streak ended on Tuesday night as they failed to hold a 7-2 lead against the Dodgers, the Pirates are off to a 16-8 start, their best since 1992, and they lead the NL Central by a game. What’s more, they’ve finally sealed a long-term deal with their star left fielder, as Bryan Reynolds has reportedly agreed to an eight-year, $106.75 million extension that covers his 2023-30 seasons.

It’s the largest contract in Pirates history, outdoing Ke’Bryan Hayes‘ eight-year, $70 million extension as the team ventures into nine-digit territory for the first time. The deal includes a six-team no-trade list, the first time in 17 years that the Pirates have included some form of no-trade protection in a contract. Notably, it does not include an opt-out clause, an item that had previously been a stumbling block when the two sides neared a deal with the same dollars-and-years framework just before Opening Day. Reynolds wanted an opt-out after 2026, meaning that the Pirates would gain only one more year of control if he were to exercise that option.

As with that proposal, the contract incorporates the 28-year-old Reynolds’ $6.75 million salary for this season, his second of arbitration eligibility (as a Super Two, he has two more remaining). He also receives a $2 million signing bonus, with salaries of $10 million and $12 million for 2024 and ’25, his final two arb years, and then $14 million for ’26 and $15 million annually for ’27-30. The Pirates hold a $20 million club option and $2 million buyout for his services in 2031, his age-36 season.

If those annual salaries seems a little light to you, you’re not alone, but the particulars of his situation make it worth a closer look. We’ll start with Dan Szymborksi’s ZiPS projection from February, which suggested a six-year, $95 million valuation for Reynolds’ 2024-29 years:

Under the actual contract, Reynolds will be paid just $81 million for those six years. On the other hand, he’ll make $15 million for what eyeballs to be about a one-win projection for 2030, so much of that shortfall comes out in the wash.

The problem for Reynolds — the reason the dollar figures aren’t bigger — is something of a perfect storm of service time and aging curves. He was stellar in 2021, making the NL All-Star team while hitting .302/.390/.522 (141 wRC+) with 6.2 WAR, but he slipped to .262/.345/.461 (125 wRC+) and 2.8 WAR last year. Even with ZiPS forecasting him at 4.0 WAR this year, going forward he projects to lose about one win for every two years as he ages. On top of that, his salary is being drastically suppressed by the arbitration system during what project to be his strongest seasons; as a free agent, he’d be worth over $30 million a year for 2023-25, but he’ll only make about 30% of that.

As Dan summarized via Twitter, “[I]t’s hard to value those seventh and eighth years very highly at all for a 3-4 win player that far away in his mid-30s. Obviously, Reynolds would have done better if he were a free agent this year. But he’s not and this price is the product of his age and MLB’s service-time rules; Reynolds just didn’t have a great deal of leverage because the Pirates already had nearly all the years they wanted.”

That’s a bit of a harsh reality, but it’s offset by Reynolds getting the stability and security he valued. Though he requested a trade in December after the team reportedly offered a six-year, $80 million extension — over $50 million short of the eight-year, $134 million deal he was seeking — he cared enough to return to the table and found a way to stay, even forgoing the opt-out.

It’s nice to see Pirates fans get nice things for a change, and the structure of Reynolds’ deal is such that even by the craptastic standards of the way the team has been run under owner Bob Nutting, none of the annual salaries should be backbreaking. Unless his option is picked up, Reynolds won’t even set the franchise’s single-season record for salary, and not until 2027 would he surpass Andrew McCutchen for the highest salary solely paid by the team, which turns out to be an important distinction given their dismal history:

Is Reynolds as good as prime Cutch? No, but McCutchen signed his six-year, $51.5 million extension 11 years ago, and industry inflation has obviously pushed salaries upwards since then. Someone was bound to break McCutchen’s franchise record before the next ice age arrived, and it makes sense that it was Reynolds, whose 6.2 WAR in 2021 was the highest for a Pirate since McCutchen’s 7.4 WAR in ’14.

As for his current performance, when I checked in on him just a couple of weeks ago, Reynolds was off to a sizzling start, hitting .356/.367/.778, leading the NL in slugging percentage and homers (five), and ranking fifth in both WAR (0.7) and wRC+ (184); amid that tear, he was named NL Player of the Week. Now he’s down to .294/.319/.553, and his 127 wRC+ is just two points ahead of last year and two behind his preseason ZiPS projection. Regression doesn’t mess around, kids.

That said, even given the ups and downs, Reynolds is hitting the ball harder this season than he has in the past, and the sample sizes are either approaching or past the point where they start to stabilize, so his performance is worth an update:

Via Baseball Prospectus’ Russell Carleton, exit velocity begins to stabilize around 40 batted ball events and barrel rate at 50 BBE, so you can start to take what he’s done thus far seriously; he’s in the 84th percentile for the former and 92nd percentile for the latter. Ground ball, fly ball, and hard-hit rates begin to stabilize at 80 BBE, a total he should reach soon after he returns from the bereavement list. (Reynolds left the team for a personal matter on Sunday, which allowed the Pirates to recall 33-year-old career minor leaguer Drew Maggi, who has yet to get into a game — what’s Derek Shelton waiting for?)

With more balls in the air, a higher average exit velocity, and more frequent barrels, Reynolds has an expected batting average of .314 (95th percentile) and an expected slugging percentage of .604 (93rd percentile); he’s fallen off from the major league-leading .896 he put up during the season’s first two weeks, but that was always going to happen.

The good news for the Pirates is that even as Reynolds has cooled off, other players have stepped up, to the point that Connor Joe (.328/.423/.590, 174 wRC+), Jack Suwinski (.269/.385/.635, 166 wRC+) and McCutchen (.270/.371/.527, 141 wRC+) are outhitting him within a lineup that ranks sixth in the NL in wRC+ (108) and fourth in scoring (4.92 runs per game). Meanwhile, on the other side of the ball the Pirates are allowing only 3.92 runs per game, the NL’s fourth-lowest rate, and they’re tied with the Brewers for third in the league in run differential (+24) behind only the Cubs (+45) and Braves (+38). It’s still early enough not to get too wound up about their start, but for the first time in awhile, the Pirates are offering significant measures of hope, and wrapping up Reynolds for the future is something worth celebrating.

Hunter Greene left his most recent start after taking a comebacker off his right shin, but the 23-year-old righty appears set to stick around Cincinnati for awhile. Per ESPN’s Jeff Passan, the fireballer agreed to a six-year, $53 million extension (2023-28) with a seventh-year club option. Remarkably, amid the Reds’ teardown, this deal makes him the roster’s first player with a guaranteed salary for next season.

Via MLB Trade Rumors, this is the second-largest extension for a pitcher with between one and two years of service time, after Spencer Strider’s six-year, $75 million deal with the Braves. Strider sold high, so to speak, signing that contract coming off a 202-strikeout, 1.83-FIP season in which he was runner-up to teammate Michael Harris II in the NL Rookie of the Year voting. Greene, who’s less of a finished product, didn’t have quite that kind of platform.

Chosen with the second pick of the 2017 draft out of Notre Dame High School in Sherman Oaks, California — at a point when he was still a two-way player — Greene quickly shifted his focus to pitching and found early success in the minors. He earned a spot in the 2018 Futures Game, but not long afterwards sprained his UCL and lost a season and a half to Tommy John surgery. When he debuted in the majors on April 10, 2022, he had just 186 minor league innings under his belt, which is to say that he was still rather raw. Particularly considering he was on a team that lost 100 games, and that he was hit hard early in the year, he acquitted himself well, posting a 4.44 ERA and 4.37 FIP in 125.2 innings. Read the rest of this entry »

On Friday, the Giants announced a five-year, $90 million contract extension with star right-hander Logan Webb. The 26-year-old Webb came to national attention during the 2021 NLCS, in which he allowed a single run across two starts against the Dodgers, striking out 17 and walking one over 14 2/3 innings. Across 2021 and 2022, Webb was 12th in baseball in pitcher WAR, one spot behind Gerrit Cole, and 20th in ERA among pitchers with at least 200 innings pitched, one spot ahead of Shane Bieber.

Webb was due to reach free agency after the 2025 season. This contract will buy out his two remaining arbitration years for a total of $20 million, then pay him $23 million, $23 million, and $24 million from 2026 to 2028. It’s a deal indicative of Webb’s special status in the Giants’ organization, and it could nonetheless be an enormous bargain for the team. Read the rest of this entry »

If there’s one thing I remember the Cubs of recent vintage for, it’s winning the curse-breaking World Series in 2016. What, you were expecting something else? But if there are *two* things I remember the Cubs of recent vintage for, the second one is failing to sign their marquee players to contract extensions. Kris Bryant, Javier Báez, Willson Contreras, Anthony Rizzo: all four felt like candidates for a contract extension that made them a lifetime Cub, with a jersey retirement ceremony and fawning coverage from national media for their sparkling career.

Each of those four plays for another team now. The Cubs never turned that dynamic core into a second championship, or even a second World Series appearance. For a team that had dynastic aspirations, it’s a strange look. To the Cubs’ credit, it’s also a look they seem intent on changing. After signing Nico Hoerner to a three-year extension, they took care of another core player, agreeing to a three-year extension with Ian Happ worth $61 million, as Bleacher Nation’s Michael Cerami first reported.

Happ represents a bridge between the 2016 squad that has now mostly departed and the modern-day Cubs team. He debuted in 2017, and while he spent most of ’19 in the minors, he’s otherwise been a fixture in the Chicago lineup ever since. He’s also been a fixture in the field, though not always in the same place. In 2022, however, he settled into an everyday left field role and put up his best season as a professional.

A quick look at Happ’s statline might leave you wanting. He doesn’t hit a ton of home runs or get on base at an unbelievable clip. He doesn’t have a shockingly low strikeout rate for modern baseball. He simply does everything well, with no real holes in his game other than a slightly elevated strikeout rate, and that adds up to solid overall performance even without anything that will blow you away. Here, take a look at it in percentile form, as compared to all qualified hitters:

The funny thing about those numbers is that Happ’s game doesn’t feel middle-of-the-road at all. He’s capable of enormous top-end power but until 2022 had paired that intermittent thump with plenty of empty swings. His career swinging-strike rate is roughly 14%; he shaved that to 11.8%, and the hits flowed like wine. That’s how you can post your lowest career ISO and beat your career batting line anyway. Read the rest of this entry »

On Saturday, the Padres announced a seven-year extension with two-time All-Star Jake Cronenworth, a deal that will begin next season and is valued at $80 million over what would have been his final two years of arbitration and first five of free agency. For Cronenworth, a relative late-bloomer (at least among the crowd that goes on to sign $80 million contracts) who didn’t debut in the majors until he was 26 years old, it’s a day he admits he couldn’t have seen coming two or three years ago before distinguishing himself with a solid COVID-shortened rookie season, consecutive 4-WAR campaigns in 2021 and ’22, and a postseason resume that includes the hit that sent the Dodgers home last October.

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It’s also likely the only way that Cronenworth was going to find himself with a deal of this size and length in his career. While a younger player might be hesitant to sign an extension and surrender an opportunity at free agency, Cronenworth is already 29, and this contract buys out five free-agent years he would have been selling at the age of 32. During the last four offseasons, the only players to sign five-plus-year deals at the age of 32 or older have been DJ LeMahieu in 2021 (coming off consecutive top-five MVP finishes) and Freddie Freeman in 2022 (coming off four straight top-ten MVP finishes) — which is to say, it isn’t easy.

For the Padres, it’s the latest in a series of long-term commitments to core members of their current club: Fernando Tatis Jr., Manny Machado, Yu Darvish, Joe Musgrove, Robert Suarez, and now Cronenworth. Despite handing out all those extensions, San Diego has left enough on the books (or maybe just set those books on fire) to bring in Xander Bogaerts, Michael Wacha, Seth Lugo, Matt Carpenter, and familiar face Nick Martinez. It’s a combination of the Braves’ readiness to commit to players within the organization who have proved to be a good fit and the Mets’ willingness to go longer and deeper into their pockets than their market competitors.

How has that worked? In the short term, it’s enough to give the Padres our second-highest odds of winning the World Series and make them the title favorite of our staff. The long term is a question mark, but find me a fan who wouldn’t want to spend a half-decade with the above group, not to mention MVP favorite Juan Soto, whose name you have to assume is at the top of the to-do list on A.J. Preller’s office white board. Read the rest of this entry »

Last year, Andrés Giménez enjoyed quite a breakout season, helping to lessen the sting of the Francisco Lindor trade by emerging as one of the top second basemen in the game. He made his first All-Star team, won his first Gold Glove, and helped the Guardians win the AL Central for the first time since 2018. Now, the team has guaranteed that he’ll stick around for a good long while. On Tuesday, ESPN’s Jeff Passan reported that Giménez has agreed to terms on a seven-year, $106.5 million extension that also includes an option for an eighth season.

The full details of the contract have not yet been reported, but the deal appears to cover the 2023-29 seasons, with a $4 million signing bonus and a $23 million club option for 2030 that comes with a $2.5 million buyout. Via as-yet-unspecified escalators, that option can increase to $24 million (note that Passan has reported the option year as 2031, meaning that the guaranteed portion of the deal wouldn’t begin until next season). At its maximum, the extension could pay Giménez $128 million over eight years, his ages 24-31 seasons.

The guaranteed portion of the contract is the second-largest in team history after José Ramírez’s five-year, $124 million extension signed last year. The extension is the latest manifestation of what has practically become a Cleveland tradition, one that traces back to the rebirth of the franchise. In the mid-1990s, general manager John Hart pioneered the practice of signing young stars such as Sandy Alomar Jr., Carlos Baerga, Manny Ramirez, Jim Thome, and Omar Vizquel to extensions that ran through at least some of their arbitration years and kept them in the fold when they would have hit free agency. It’s a strategy that enabled the team to save millions of dollars while maintaining a competitive nucleus, and one that has become popular with several other teams, most notably the Braves (for whom Hart served as president of baseball operations from late 2014 to late ’17). Long after Hart left Cleveland, successors Mark Shapiro and Chris Antonetti continued to sign players such as Ramírez, Michael Brantley, Travis Hafner, Jason Kipnis, Corey Kluber, Carlos Santana, and Grady Sizemore to deals along those lines.

That’s an incomplete list of players who went this route, but it never included Lindor, who went year-to-year during his arbitration years until the team decided it couldn’t afford him at a full market price. On January 7, 2021, Lindor and Carlos Carrasco were traded to the Mets in exchange for the then-22-year-old Giménez, shortstop Amed Rosario, outfielder Isaiah Greene and righty Josh Wolf.

Giménez had hit an impressive .263/.333/.398 (105 wRC+) in 49 games with the Mets during the pandemic-shortened 2020 season, but he struggled in his first year with Cleveland, batting .218/.282/.351 (74 RC+) in 68 games sandwiched around a detour to Triple-A Columbus that lasted nearly three months. He did hit much better after returning (.245/.320/.382, 94 wRC+) than before (.179/.226/.308, 43 wRC+) even if he didn’t actually make better contact. As I noted last fall, he held his own after returning despite lacking a consistent approach at the plate. “Last year [2021] he’d deviate after like a bad game,” manager Terry Francona told the Akron Beakon Journal’s Ryan Lewis in May. “You’d have different stance, you have a leg kick you didn’t have, you get a toe-tap.”

Guardians hitting coaches Chris Valaika and Victor Rodriguez helped Giménez ditch the leg kick, which they felt was hindering his pitch recognition and his timing. He fared better against every major pitch type in 2022 than ’21, and overall batted .297/.371/.466 with 17 homers and 20 steals. His 140 wRC+ finished in a virtual tie with Rafael Devers and Carlos Correa for eighth in the AL (one point ahead of Ramírez) and among second basemen of either league trailed only Jose Altuve and Jeff McNeil. On the other side of the ball, Giménez’s 16 DRS, 9 OAA and 6.5 UZR each ranked second among all second basemen, and overall, his 6.1 WAR tied Xander Bogaerts for fifth in the AL, and among second basemen trailed only Altuve. That’s some fine company.

Giménez’s performance included a few areas of concern, notably a 40.8% chase rate, 6.1% walk rate, and Statcast contact numbers (87.8 mph average exit velocity, 6.2% barrel rate, 37.6% hard-hit rate) that placed only in the 29th–36th percentiles. Thanks in part to his 94th-percentile speed, he was nonetheless one of the majors’ most productive hitters on groundballs, ranking among the top half-dozen in both batting average and wRC+:

As noted last fall, hitters combined for a .235 AVG and 35 wRC+ on grounders; based on that, Giménez netted an extra 17 hits, without which he’d have finished with a .263 AVG and .433 SLG, much closer to his expected numbers.

While I do wonder about the sustainability of that aspect of his game, in all, that’s a pretty impressive showing for a 23-year-old. In fact, it’s one of the best age-23 seasons of the past decade:

Again, fine company even given the presence of a few players who have flamed out; Bellinger and Bryant have both dealt with a series of injuries, while Puig’s decline has been an ugly mixture of on- and off-field issues. The book isn’t closed on any of the above players, but several are Cooperstown bound. It’s worth noting that the two other Cleveland players on the list have turned out quite well, and that Giménez’s 140 wRC+ is actually higher than all of the other non-first base infielders — even those who out-homered him by a significant margin.

Because Giménez spent so long in the minors in 2021, he’s accrued only two years and 106 days of major league service time, 66 short of reaching three full seasons (which would have made him eligible for free agency after the 2025 season) and 22 short of becoming an arbitration-eligible Super Two. Thus, his contract for 2023 was among the 28 the team recently renewed; most of those salaries haven’t even been published yet, but Giménez was only set to make $739,400. The $4 million signing bonus bumps him up to something closer to what a star-caliber player in his first year of arbitration eligibility might make. For example, Bichette, who’s heading into his age-25 season with 3.063 years of service time, is making $2.85 million in salary plus a $3.25 million signing bonus as part of his three-year, $33.6 million extension, while the Padres’ Jake Cronenworth, who has exactly three years of service time, is making $4.225 million coming off back-to-back 4.1-WAR seasons. Had he reached three years, Giménez might be somewhere in that ballpark.

Via Dan Szymborski, here’s Giménez’s projection through 2030, the year with the club option:

Even with some regression to 4.5 WAR per year at his peak, the ZiPS contract projection for Giménez if he were a free agent comes to a whopping $287.2 million, which is more than Bogaerts received from the Padres as a 30-year-old free agent (and spread out over 11 years, at that). Even with the expected discounts for his arbitration years, Giménez projects to be worth $139.5 million through 2029, and $170.8 million through ’30; through that lens, this looks like a rather club-friendly deal. It’s not an out-and-out steal the way Ramírez’s five-year, $26 million deal for 2017-21 — over which the third baseman produced 28 WAR, made three All-Star teams and finished in the top three in AL MVP voting three times — turned out to be, but it’s clear that Giménez traded some risk for financial security. If he’s still even close to being a three-win player in 2030, he’ll stand to make tens of millions more, though he’s unlikely to approach the windfall he might have reaped if he’d spent all of 2021 in the majors and hit free agency after 2025, his age-26 season.

All of which is to say that this is A Very Guardians Deal, and while we can again bemoan the salary structure that prevents players short of six years of service time from getting anything approaching their full market value, it takes two sides to tango. And we shouldn’t be surprised if at least a couple more extensions follow in short order. Via The Athletic’s Zack Meisel, the team is in “advanced negotiations” with multiple players including Rosario, Triston McKenzie, Steven Kwan, and Trevor Stephan, hoping to complete extensions by Opening Day (Stephan’s is reportedly nearing completion). Meanwhile, Emmanuel Clase (five years, $20 million) and Myles Straw (five years, $25 million) signed such deals last spring, albeit at a scale much smaller than that of Giménez. If some of those extensions come though, they’ll probably increase the team’s payroll — estimated at around $90.7 million even with several of those aforementioned extension candidates’ salaries unknown — by a few million dollars. They’re still likely to rank among the bottom third of the 30 teams, even while contending for another AL Central title or at least a playoff spot. This approach has worked for the Guardians before, and at least in terms of establishing generational wealth for Giménez, it will work for him as well.

The Cardinals have put themselves in a bit of a bind. They take sustainability seriously, building to compete both now and tomorrow. They never rebuild, never go all in, and always balance the present and future responsibly. If your goal is to win forever, you have to think about more than just the next year when you make a decision. For all that focus on long-term planning, though, they have a lackluster rotation, and it’s slated to get a lot worse after this year.

Of St. Louis’ top five starting options, only one, Steven Matz, came into the spring under contract for 2024. That might not be a problem if there were a heaping helping of starting pitching prospects knocking on the door to the major league clubhouse, but there aren’t. Gordon Graceffo isn’t far off, and if you’re willing to do a lot of projecting, Tink Hence might be major league ready before too long, but the up-and-down fifth starters and swingmen with live arms that other teams use to bulk up their starting rotation in times of need don’t really exist here.

Now, the Cardinals have two starters under contract for 2024 after signing Miles Mikolas to a contract extension that will pay him $40 million for the 2024 and ’25 seasons, as Derrick Goold first reported. That doesn’t exactly create a complete 2024 starting rotation, but it’s twice as many pitchers as St. Louis had before last Friday. Bam, problem solved! Read the rest of this entry »

If you had to guess which teams would be doling out eight-year deals this winter, the Nationals probably wouldn’t have made the top of your list. Yet on Friday evening, they came to terms on just that: an eight-year extension. The recipient, equally surprising: Keibert Ruiz. The pact is worth $50 million and comes with two club options that could keep the young catcher in Washington through 2032. Full financial terms of the contract have yet to be revealed, but it comes with a signing bonus and is reportedly front-loaded, giving Ruiz a substantial raise for the upcoming season.

In both length and value, this is one of the largest extensions ever given to a player with fewer than two years of service time. Other players to sign similarly large deals with such little MLB experience include Michael Harris II (this past August), Ke’Bryan Hayes (this past April), and Corbin Carroll (this past weekend). Harris and Hayes, though, had longer and/or better track records, and Carroll is an uber-prospect with superstar potential. Ruiz had a fine season in 2022, but he’s yet to demonstrate he can be more than an average player at the big league level. Read the rest of this entry »

Spring is for extensions. As surely as swallows flock to Capistrano or salmon charge upstream, major league teams spend February and March offering their young stars sackfuls of money in exchange for years of team control. Sure enough, the Diamondbacks and Corbin Carroll followed the path of least resistance over the weekend in agreeing to an eight-year deal worth $111 million, with a ninth-year option for $28 million and $20 million in various contract incentives.

That sounds like a lot of money. Carroll, after all, has only played 32 games in the major leagues and has accrued only 772 professional plate appearances. But do the math, and you can see why Arizona offered this deal, and also why Carroll accepted it.

Carroll isn’t some random recent debut. He’s the number two prospect in baseball, a power-contact-speed-and-defense threat who has dismantled every level of competition he’s faced. That includes the major leagues; that 32-game debut saw Carroll hit .260/.330/.500 with superlative baserunning and defense. He looked like an All-Star right away, and truthfully, he’s always looked like an All-Star. That’s how you end up as the number two prospect in baseball as a 5-foot-10 outfielder so quickly despite missing nearly two consecutive seasons of playing time thanks to the pandemic and then injury. Read the rest of this entry »