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Contract Extensions Newsbeat

Friday, March 06, 2020

White Sox extend Moncada with five-year, $70 million pact

And the extensions keep on coming!

Ken Rosenthal had a scoop on Thursday, and it’s a biggie

....

Moncada gets $70 million over five years, with a team option worth $20 million bringing the total outlay to $90 million. Even with the option year, $15 million per season AAV is ridiculously good value for the White Sox.

The extension, long rumored but first given any sort of legs by South Side Hit Pen’s James Fox, would keep Moncada in town through 2024 (2025 with the team option).

 

QLE Posted: March 06, 2020 at 12:36 AM | 6 comment(s)
  Beats: contract extensions, white sox, yoan moncada

Wednesday, March 04, 2020

The Brewers are working on contract extension with Christian Yelich that would exceed $200 million

Fans unhappy that the Milwaukee Brewers trimmed payroll considerably from the 2019 season will be pleased to hear what they are doing with some of that money.

The Brewers are close to an agreement with outfielder Christian Yelich on a seven-year, $188.5 million contract extension that would run from 2022-28. Added to the two years remaining on his current contract, the total worth of Yelich’s contract would be $215 million.

News of the advanced negotiations was first reported Tuesday by Ken Rosenthal of The Athletic. Later reports by Jon Heyman and Joel Sherman of MLB Network, as well as Bob Nightengale of USA Today, indicated the extension would add seven years beyond the two remaining on Yelich’s current deal, for a total of nine years plus a mutual option for a 10th year in 2029.

A source familiar with the situation confirmed the Brewers and Yelich have been working toward a long-term extension but wasn’t sure which side made the first overture. Yelich has said in the past how much he likes Milwaukee and preferred to stay there as long as possible, and principal owner Mark Attanasio indicated earlier this year the club had definite interest in making that happen.

Well, that article I linked to yesterday spoke the truth…...

 

QLE Posted: March 04, 2020 at 12:39 AM | 20 comment(s)
  Beats: brewers, christian yelich, contract extensions

Tuesday, March 03, 2020

Another Extension Season Is Upon Us

Last winter, a whopping 33 contract extensions were signed between the end of the World Series and early April, nearly as many as the previous two offseasons combined. In all, over $2.2 billion in new money was guaranteed to these 33 players, with seven of those extensions crossing the nine figure mark. It was the largest total outlay for contract extensions in a single offseason in baseball history, beating the previous record set during the 2011-2012 offseason.

Perhaps the most interesting thing about the rash of extensions signed last year was the diversity of the types of players teams extended. Established stars like Mike Trout, Paul Goldschmidt, and Chris Sale all signed massive contracts befitting their status as legitimate stars. Then there were players like Nolan Arenado, Xander Bogaerts, and Jacob deGrom, all members of the most common group of players to sign extensions: young, established players on the verge of hitting free agency.

In recent seasons, we’ve seen more and more players sign long-term contracts before reaching arbitration, like Alex Bregman, Blake Snell, and German Márquez all did last year. The newest frontier for contract extensions moves even earlier on the arbitration timeline. Some teams are now extending their top prospects before or not long after they make their major league debuts — Eloy Jiménez, Ronald Acuña Jr., and Brandon Lowe all fell into that category last year.

This offseason, it looks like a similar flurry of contract extensions will be handed out, though it may pale in comparison to the record setting totals from last winter – a dearth of Trouts will do that. Seventeen players have already signed an extension this offseason, four more than had signed at this point last year. And there are likely more coming, as Jeff Passan indicated last week

QLE Posted: March 03, 2020 at 01:41 AM | 1 comment(s)
  Beats: contract extensions

Friday, February 07, 2020

Dodgers Extend Max Muncy

The Dodgers and slugging infielder Max Muncy have agreed to a three-year, $26MM extension that contains a club option for a fourth season, Ken Rosenthal of The Athletic reports (via Twitter). The $26MM guarantee will cover all three of Muncy’s would-be arbitration seasons (2020-22), while the fourth-year option will give the Dodgers the chance to control a free-agent year for an additional $13MM or take a $1.5MM buyout, per Mike DiGiovanna of the L.A. Times (Twitter link). Muncy is represented by Hub Sports Management.

Muncy, 29, was eligible for arbitration for the first time this winter and had yet to settle on a salary for the upcoming season. His camp submitted a $4.675MM salary figure, while the Dodgers countered with a $4MM offer of their own (as shown in MLBTR’s Arbitration Tracker). Rather than go to a hearing, the two sides have instead agreed to a longer-term pact that’ll eliminate the need to ever deal with the arbitration process again while also prolonging the Dodgers’ control over the late-blooming slugger for an additional season.

Few took notice when Muncy was released by the Athletics at the end of Spring Training 2017 and quickly latched on with the Dodgers as a minor league free agent. But Muncy laid waste to Triple-A pitching in ’17 (.309/.414/.491) and found himself in the big leagues with the Dodgers early in 2018. Fast forward two seasons, and Muncy has turned in consecutive 35-homer campaigns while bashing big league pitching to the tune of a .256/.381/.545 slash with 70 home runs, 39 doubles and three triples in 1070 plate appearances (something to keep in mind when prepping the ever-clever “print the playoff tickets!” response to a minor league signing).

Not only has Muncy unexpectedly given the Dodgers a thunderous bat to add to the middle of an already deep and imposing lineup, he’s also proven to be at least a passable defender at each of first base, second base and third base, helping to give manager Dave Roberts some defensive versatility. And while he was initially used as more of a platoon player, the left-handed-hitting Muncy has seen increased opportunities against southpaws, crushing them at a .268/.365/.529 clip in 2019 and hitting a combined .263/.363/.529 in 259 plate appearances against same-handed opponents dating back to Opening Day 2018.

 

QLE Posted: February 07, 2020 at 12:26 AM | 0 comment(s)
  Beats: contract extensions, max muncy

 

 

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