White Sox and Luis Robert Agree on $50 Million Extension
The White Sox have been active this winter. They retained José Abreu, signed free agents Yasmani Grandal, Dallas Keuchel, Edwin Encarnación, and Gio Gonzalez, and traded for Nomar Mazara. While a Luis Robert contract extension, first reported by Bob Nightengale, might not change the team’s outlook in the near term, it does mean that the White Sox won’t manipulate Robert’s service time by keeping a deserving player in the minor leagues to start the season. The deal will guarantee Robert $50 million over the next six seasons, with two $20 million team options, bringing the potential total value of the contract to $88 million over eight seasons.
This is the second straight year to see the White Sox sign a top prospect without any playing time in the majors to a contract extension. Last March, Eloy Jiménez agreed to a six-year deal worth $43 million with a pair of team options that could take the contract to $75 million. A little less than year later, Robert gets a slightly higher guarantee and slightly richer option years. When Robert signed out of Cuba, the last big-bonus amateur to do so under the old international free agent rules, he received a bonus of $26 million. All told, Robert will have received $76 million in guarantees before he ever swings a bat at Guaranteed Rate Field.
The CBA between the players and owners puts players at a severe disadvantage when negotiating these types of contracts. Robert shouldn’t have to consider whether signing the deal will put him on the Opening Day roster, as his play and readiness, honestly assessed, should carry the greatest weight, something Kris Bryant and the player’s union are still arguing five years later. If Robert dreams of a seven-figure salary, the potential exists three years from now in arbitration. As for negotiating a contract in free agency, with multiple bidders and a potential nine-figure guarantee, the seven years (assuming service-time manipulation) represent roughly one-third of his entire life to date. None of those factors are under Robert’s control. Read the rest of this entry »

