Rangers Invest in the Highly Unusual Rougned Odor
Any day now, the Rangers and Rougned Odor should finalize a six-year contract extension worth about $49.5 million. A club option at the end could boost the maximum value up to $62 million, and the deal would be effective immediately, buying out two or possibly three of what would’ve been Odor’s free-agent years. Even when it’s all over, Odor would be going into his age-30 season, so he could conceivably make another splash. Jon Heyman was the first person I saw with reports.
This time of year counts as extension season, as teams and players try to avoid having negotiations spill into the summer. And as a general rule, long-term extensions for young players tend to be more team-friendly than player-friendly. That is, at least, relative to what might count as “fair” terms. This is in part a consequence of differing incentives — teams are trying to save future money, while players are eager to sign their first impact agreement. The first millions of dollars for a player mean more than subsequent millions, for a variety of reasons, and Evan Grant highlighted what this contract should mean for Odor’s family. The MLBPA is no fan of these deals, but you can understand why they exist.
For business reasons, the Rangers are probably going to like this. They’ll get to keep Odor’s costs down even beyond those first six years. I also don’t think Odor is going to find himself regretting a $50-million contract. Just like that, he’s a massive success story, as a guy who just turned 23. There’s nothing atypical about this arrangement. What’s most atypical here is simply Odor himself. His is a very unusual profile.