Emmanuel Clase Opts For Security

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 »