June 22, 2021

Another Extension Season Is Upon Us (FanGraphs)

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…

Read “Another Extension Season Is Upon Us” at FanGraphs