December 19: Per Jon Heyman of The New York Post, the extension is actually valued at $111,562,500 over four years, with Glasnow to make $30MM from 2025 to 2027. The player option in 2028 is valued at $21,562,500, slightly higher than previous reporting. Heyman’s framing also suggests that Glasnow will choose on his option first. If he turns it down, then the Dodgers will get to decide whether or not to trigger a $30MM club option.
December 16, 3:33pm: USAToday’s Bob Nightengale relays the full contract breakdown for Glasnow, reporting that the 2028 player option is worth $21.5MM. This accounts for the previously unexplained $1.5MM discrepancy between the reported contract breakdown and the Dodgers’ announced $136.5MM figure.
12:08pm: The Dodgers and Rays finalized the four-player trade that will sent right-hander Tyler Glasnow, outfielder Manuel Margot, and $4MM in cash considerations to Los Angeles in exchange for right-hander Ryan Pepiot and outfielder Jonny Deluca. News of the trade first broke a few days ago, with the final hurdle being the Dodgers’ ability to sign Glasnow to a contract extension. That deal has now also been completed, with L.A. announcing that Glasnow has agreed to a new long-term pact worth $136.5MM. Glasnow is represented by Wasserman.
As per the terms reported yesterday by ESPN’s Jeff Passan, the new contract will see Glasnow earn $110MM in new money over the course of the 2025-28 seasons. Glasnow was already slated to earn $25MM in 2024 according to the terms of his prior contract with the Rays, and the new deal with L.A. breaks down as $90MM in salary over the 2025-27 seasons, and then the Dodgers hold a $30MM club option on Glasnow’s services for 2028. If the team declines that option, Glasnow can exercise a $20MM player option for 2028. Since Passan’s numbers only add up to $135MM rather than the Dodgers’ announced figure of $136.5MM, that extra $1.5MM has yet to be accounted for, possibly a signing bonus or a bit of extra guaranteed money on one of the years.
Unlike Shohei Ohtani’s $700MM mega-deal with the Dodgers from last week, Glasnow’s extension doesn’t contain any deferred money. As such, it will be entirely portioned out onto the Dodgers’ luxury tax bills based on a $27.3MM average annual value over the next five seasons. According to Roster Resource’s calculations, Los Angeles has an estimated luxury tax number of roughly $253.7MM for 202 — still under the $257MM…