Shortly before Opening Day, the Guardians and star José Ramírez agreed to an extension that’ll keep him in Cleveland through the 2028 campaign. Ramírez was already under club control for two seasons at a combined $26MM via a pair of options, and it was initially reported the team would lock in those options while tacking on $124MM over five subsequent years.
That’s not quite the case, as Jon Heyman of the New York Post reports (on Twitter) that Ramírez will be guaranteed $141MM over seven seasons. That comes out to $115MM in new money (assuming the Guardians would’ve exercised their 2023 option). It’s treated as a seven-year deal with an average annual value of approximately $20.1MM for competitive balance tax purposes, although it seems likely Cleveland’s payroll won’t approach luxury tax levels anyhow.
Heyman specifies the year-by-year breakdown of the extension:
2022: $22MM
2023: $14MM
2024: $17MM
2025: $19MM
2026: $21MM
2027: $23MM
2028: $25MM
Ramírez’s deal contains a full no-trade clause, as initially reported. It also includes various incentives upon awards finishes. While the guarantee is a bit lighter than initially believed, the three-time All-Star makes more money up-front than he would’ve had the Guardians simply tacked on five seasons of new money in 2024 and beyond.
He’d initially been set to play this season on a $12MM salary, but he’ll nearly double that figure with this new agreement. The deal brings Cleveland’s player payroll for…
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