Rumors of a contract negotiations between starting pitcher Joe Musgrove and the San Diego Padres have been percolating for the last month, and those discussions bore fruit over the weekend: With a five-year, $100 million contract extension, the Padres have locked up their best and most dependable starter through the end of the 2027 season.

I discussed a possible Musgrove extension a couple of weeks ago, and not much has changed in the right-hander’s valuation since then, when ZiPS thought that a five year, $126 million contract would be fair for both sides. That makes landing Musgrove for $100 million a nice deal for the Friars, likely the result of some unknown combination of canniness, Musgrove’s comfort at the top of the rotation, and his stated desire to stay with his hometown team (Musgrove is from the San Diego area).

For Padres fans, it must be a relief to get this extension done — even when most of the factors suggest a deal can be reached, there’s no guarantee until there’s ink on the paper. Being from Baltimore, I think back on the acrimonious end to Mike Mussina‘s time in Charm City. Mussina had previously given the O’s a very good deal on a three-year, $21 million contract that bought out a year of free agency, but when he actually did hit the open market, the O’s basically underbid the Yankees, working on the assumption that a hometown discount would be permanently built into his contracts. That the second half of Moose’s Hall of Fame career came with the Yankees still makes me sad! ZiPS projects Musgrove as the best pitcher available in free agency — his projection edges out Carlos Rodón’s — and as with Mussina and the Yankees, all bets are off once the 29 other teams can bid on your franchise pitcher. Read the rest of this entry »

The Rockies conjured up their own trade deadline magic, extending their closer, Daniel Bard, to a two-year contract extension reportedly worth $19 million. Bard, who turned 37 last month, has done a solid job as Colorado’s closer for the second straight season, putting up a 1.91 ERA — though with a considerably less impressive 3.55 FIP — in 37 appearances for the last-place Rockies this season.

Colorado had previously dropped hints that there were not going to be many, if any, trades of veteran talent this week. As this extension highlights, this was not a negotiating position to entice other teams to make more lucrative offers for its most valuable players. At this point, I doubt anyone in baseball thought otherwise, as the Rockies have long been notorious for not treating the trade deadline as an opportunity either to improve the team in a pennant drive or to rebuild/retool to help achieve future goals. For one of the best examples, look no further than last season, when they decided not to trade Trevor Story (to Story’s confusion) or Jon Gray, instead preferring to let the former walk for a compensation pick and, since he received no qualifying offer, the latter move on with no compensation for the franchise.

Don’t get me wrong: for a lot of teams, getting Bard as either a short-term rental or on this exact contract would have been a very good move. If he were not the best reliever plausibly available this week, he was certainly in the top tier, and a wide variety of contending teams with middling-or-worse bullpens, such as the Cardinals, Twins, or Blue Jays, ought to have had an interest in swapping prospects with real futures for his services. Bard’s 1.91 ERA this year is no more “real” than his 5.21 ERA last year in the opposite direction, but he’s an above-average closer, and it’s nice to be able to sign one of those in free agency to a two- or three-year deal at a reasonable price.

Liking Bard for the rest of 2022 and/or the next two seasons is not the least bit odd; it just makes little sense for the Rockies to be the organization to act on that positive evaluation. Even more baffling is that, when it came to Gray, they never went above a three-year, $35–$40 million offer — one they didn’t even make until the very end of the 2021 season. Valuing a solid starting pitcher only a little more than a solid closer is just the latest example of this organization’s dysfunction. Why trade for a 22-year-old and have to wait 15 years for him to become a 37-year-old veteran when you can just keep the player you have? Read the rest of this entry »

I have something of an annual tradition here at FanGraphs. Once a year, give or take, I write about how Yordan Alvarez is underrated. I can’t help it; he continues to be one of the very few best hitters in baseball, and he continues to get less credit than he deserves. Now, though, he doesn’t need credit, because he has cash — $115 million worth, to be precise — as he and the Astros agreed to a contract extension that will keep him in Houston through 2028:

Slugger Yordan Álvarez and the Houston Astros are in agreement on a six-year, $115 million contract extension, sources familiar with the deal tell ESPN. Contract kicks in next season. Biggest contract ever for a DH and $26M/year for 3 FA years. And Astros lock up a great hitter.

— Jeff Passan (@JeffPassan) June 3, 2022

Even though I just mentioned what an excellent hitter Alvarez is, it bears repeating. This year, he’s hitting a scorching .295/.391/.624, good for a 192 wRC+, second in baseball. He’s doing it without a ludicrous BABIP; in fact, his .280 mark looks likely to increase as the season goes on. That makes his offensive production all the more remarkable; it’s easy to post a hot batting line if you’re BABIP’ing .400, but Alvarez does it the old-fashioned way, with walks and extra-base hits.

How does Alvarez get to that massive production? By obliterating the baseball consistently. He’s barreled up a whopping 19.1% of his batted balls this year. That’s Stantonian power, or even a bit better; Stanton checks in at 17.2% since the start of the 2015 season, for example. Since Alvarez came up in 2019, he’s sixth in baseball in barrel rate (among hitters with at least one season qualifying for the batting title), and the guys in front of him are a who’s who of enormous power hitters:

This list does a good job of explaining the possible highs and lows of Alvarez’s production, but it leaves something out. One way to rack up barrels is to be powerful and almost exclusively hit fly balls. Sanó, Gallo, and Sánchez get to theirs that way. So, too, does Trout. He’s become increasingly fly ball-heavy in recent years in an attempt to tap into his power.
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Kyle Freeland and the Rockies were set for a tense arbitration session. He had asked for $7.8 million; they countered with $6.425 million. That was the fourth-largest gap between team and player across all of baseball. But good news for people who don’t like contentious negotiations: That’s all in the past, because both parties agreed to a five-year extension that supersedes the arbitration dispute and should keep Freeland in Denver for the foreseeable future.

The deal, which buys out three seasons of free agency, has all kinds of bells and whistles. At its core, it’s a five-year, $64.5 million contract, which will pay him $7 million, $10.5 million, $15 million, $16 million, and $16 million for the next five years. If Freeland pitches 170 innings in ‘26, he’ll trigger a player option for the 2027 season, which would pay him $17 million. But wait, there’s more! If Freeland finishes in the top five in Cy Young voting in either 2022 or ’23, he can opt out after ’24; if he’s showing Cy Young form, he’d presumably do so.

This deal is somehow the largest contract the Rockies have given to a pitcher since Darryl Kile and simultaneously not one of the top five deals signed by starting pitchers since the end of last season. As befits a deal that is simultaneously large and small, I’m of two minds about it. Read the rest of this entry »

There are so many good young shortstops in baseball these days that it’s easy to lose track. The oldest starter in the top 10 of our positional power rankings is Xander Bogaerts, and he hasn’t turned 30 yet. Eighteen of the top 20 shortstops are under 30. It can feel like every team has one of these guys. But that doesn’t mean they’re not valuable, and the Mariners clearly agree: they recently agreed to a contract extension with J.P. Crawford that will keep him in the Pacific Northwest through the 2026 season.

Crawford is, for lack of a better way to put it, an in-between Mariner. The team’s old guard – Félix Hernández and Kyle Seager, for example – is gone. The new guard – Jarred Kelenic, Julio Rodríguez, Logan Gilbert, et al. – are breaking in now. But Crawford debuted for Seattle in 2019, and saw his first major league action in 2017. He would have reached free agency after the 2024 season, awkwardly in the middle of what the Mariners hope will be their new core’s best years.

The solution seemed obvious, and the deal the two sides worked out fits the mold almost perfectly. The five-year, $51 million pact is straightforward; no options on either side, no escalators, and no buyouts. It will pay him $10 million in each of the first four seasons and $11 million in the last year. Read the rest of this entry »

Last week may have been highlighted by the start of the 2022 regular season, but it also featured a spate of contract extensions. Today I’m going to take a closer look at two such extensions, both involving glove-first outfielders entering their age-27 seasons.

We’ll begin with Myles Straw, the center fielder for the Cleveland Guardians, who signed a five-year, $25 million extension, according to Zack Meisel of The Athletic. The extension includes club options for the 2027 and ’28 seasons that would bring the total to $41.5 million over the next seven years. Remarkably, this is the Guardians’ third extension this month with the potential to keep a player in Cleveland through the 2028 season — the team also inked deals with star third baseman José Ramírez and closer Emmanuel Clase.

2021 was Straw’s first full season as an everyday player. He came over to Cleveland from the Astros at the trade deadline in exchange for Phil Maton and Yainer Diaz. After the trade, he continued to build on his breakout campaign. He ended the having posted stellar defense (11 OAA), great baserunning (30 steals in 36 attempts), and about league-average offense (98 wRC+). That well-rounded production quietly placed him among the best center fielders in baseball last season, finishing sixth in WAR at the position with 3.7:

That chart does a good job of showing how unusual Straw’s profile is compared to his peers’, as he’s the only center fielder on the list without a clearly above-average bat. These offensive limitations mostly come from a lack of power, and it is a serious lack of power at that, with Straw posting an ISO, Barrel% and HardHit% all below the fifth percentile. His max exit velocity is actually above average, which could be a sign that more consistently hard contact is hidden away somewhere, but there’s just not a lot to suggest that he’ll be putting up double-digit home run totals anytime soon. Read the rest of this entry »

The Yankees and Aaron Judge found a way to bring extra drama to Opening Day. Even with an additional 24 hours of negotiations due to the postponement of their season opener against the Red Sox, the team did not reach an agreement on a contract extension with the slugger in time to meet his self-imposed deadline. Judge, who turns 30 on April 26, had said that once the 2022 season opened, all negotiations would cease, and he maintained that stance on Friday morning amid a flurry of reports detailing the Yankees’ offer, telling the assembled media, “First pitch is at 1:08 pm.”

His status did not change, and so on Friday night Judge told The Athletic’s Lindsey Adler, “At the end of the year, I’ll be a free agent. I’ll get to talk to 30 teams. The Yankees will be one of those 30.”

“I’m just disappointed because I think I’ve been vocal about — I want to be a Yankee for life, and bring a championship back to New York,” Judge told reporters after Friday’s 6-5 win. “I want to do it for the fans here. This is home for me, and not getting it done right now stings, but I’ve got a job to do on the field and I’ve got to shift my focus to that now and go play some ball.”

In a break from the way that the Yankees normally do business, general manager Brian Cashman laid out the offer to Judge “for transparency purposes” rather than rely on leaks to the media that he would have to confirm. According to Cashman, the team offered Judge seven years at $30.5 million per year, plus $17 million for this year, his final one before free agency, for a total package of $230.5 million. Read the rest of this entry »

Judging by their 69-win projection and negligible odds of winning the World Series, the Pirates don’t have a great deal to look forward to from a competitive standpoint in 2022. But Opening Day is a time for celebration and optimism nonetheless, and early on Thursday afternoon, FanSided’s Robert Murray reported that the team had agreed to an eight-year, $70-million extension with third baseman Ke’Bryan Hayes, the largest contract in Pirates history.

The contract for the 25-year-old Hayes is also a record for a player with between one and two years of service time. It covers his final two pre-arbitration years, his three years of arbitration-eligibility, and the first three years of his free agent eligibility, through his age-32 season. The exact details have not been reported at this writing, including the value of his club option for the ninth year (2030).

The celebration was almost immediately dampened when Hayes left the Pirates’ opener against the Cardinals in the bottom of the first inning due to an apparent injury to his left wrist. He dove trying to catch a bloop into left field by Dylan Carlson, but the ball fell and turned into a double. After Tyler O’Neill singled Carlson home two batters later, Pirates head athletic trainer Rafael Freitas and manager Derek Shelton came out of the dugout to check on Hayes, unwrapping his left wrist and taking him out of the game.

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While the period for extensions is usually longer, this year’s circumstances have made it a brief one, squeezed between a flurry of arbitration hearings and the upcoming baseball season. That doesn’t mean there’s been a shortage, though; according to Spotrac, the 32 extensions signed so far in 2022 marks the highest total since 40 were agreed to in 2019. While I first assumed a much lower number, it’s important to remember some were signed pre-lockout, like with Byron Buxton and José Berríos.

Anyhow, here’s one I found interesting. Having completed his rookie campaign in 2021, Guardians closer Emmanuel Clase was slated to become arbitration-eligible ahead of ‘24, followed by an entry into the open market in ‘26. But an extension has wiped those years out and possibly more. Per Joel Sherman of the New York Post, Clase is guaranteed $20 million over five years. There are two options, worth $10 million apiece, that can either cover his first two years of free agency (2027 and ’28), or be bought out for $2 million each.

Some minor details include a $2 million signing bonus and escalators that can take the options to $13 million. The main point, though, is this is a long, affordable commitment made at the genesis of a player’s career, starting at pre-arbitration and possibly ending several years later. From the Guardians’ perspective, they’ve locked up a star reliever for cheap. But from Clase’s perspective, one has to wonder if he’s leaving money on the table. The future is hazy this early in someone’s career, but when said career has been brilliant thus far, the “what could have been” takes over. Read the rest of this entry »

The free-agent signing bonanza might have come to an end, but that doesn’t mean that this compressed offseason doesn’t have anything left on the transaction front. On Sunday night, the Diamondbacks and Ketel Marte agreed to terms on a five-year extension worth $76 million that could keep him in Arizona through 2028 thanks to a team option.

Articles like this generally contemplate the player who just signed the extension, and we’ll definitely get to that, but the contract sounds so light on the surface that I think we should talk about that first. There’s one obvious reason that the total guarantee doesn’t jump off the page: Marte was already under contract through 2024 thanks to an extension he signed before the 2018 season. He signed that one only 1,000 plate appearances into his career, and it was quite team-friendly: five years and $24 million, with $11 million and $13 million team options tacked on to the end. He broke out in 2019 with a 7-WAR season, which made him one of the most underpaid players in the game.

Those club options are no more, because Arizona ripped them up to sign Marte’s new contract. He’ll receive the $8.4 million he was due this year and then another $76 million from ’23 to ’27. But since the Diamondbacks were certain to pick up those options, we can think of this deal as a three-year extension worth $52 million starting after the last option year.
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