Will Aaron Judge Get His $300 Million Deal?

Instead of accepting a long-term extension with the Yankees before the season, Aaron Judge made a gigantic bet on himself. A seven-year, $213.5 million deal that starts at age 31 is no small bid for any player, and it was more than the projections — at least ZiPS — predicted at the time. But Judge clearly felt that his chances of doing significantly better outweighed the risks involved in playing out his final year of team control. Well, short of discovering he can throw 102 mph and pair it with a wicked slider, it’s hard to imagine a better season in terms of increasing the value of his next contract than Judge’s 2022. To my mind, he will almost certainly win the American League MVP — not because what Shohei Ohtani has done isn’t magical, but because the Yankees outfielder has put up one of the rare offensive seasons in MLB history that can match such an extreme level of two-way excellence. So just how high might Judge’s contract realistically go this offseason?
First off, let me stress that some appear to be underrating Judge’s season. In some quarters of the tired AL MVP debates on social media, you’ll see it described as just an ordinarily great offensive season rather than one that belongs in the history books besides those of Barry Bonds. By our reckoning, there have only been 55 position players seasons in history that notched double-digit WAR, and not all of those were driven primarily by hitting, but rather fielding (Cal Ripken Jr.), a healthy dose of transcendent baserunning (Rickey Henderson), or an incredibly weak league (Fred Dunlap). The vast majority of years like this are put up by Hall of Famers, so Judge is in rarefied air. There’s no question that he is having a special season.
The problem is that Judge isn’t likely to be paid directly for his special 2022 season, only the increased expectations resulting from such a high-level performance. Even if the Yankees were inclined to give a franchise player a bonus for an MVP season that was played in their uniform but was cost-controlled, no other team is likely to be as generous in rewarding a performance from which they didn’t benefit. When trying to gauge what Judge is likely to get, a few factors work against him, factors over which he has very little control. The biggest is that, again, the first year of his new contract will fall in his age-31 season, which means that no matter how high you think Judge’s baseline expectation is, he’s going to be expected to decline quite significantly throughout the course of the contract and relatively quickly. It’s not a coincidence that, with the nearly sole exception of Joey Votto, the mega-contracts that work out from the perspective of teams are those that start off at a very young age. Read the rest of this entry »